Don’t privatise Air India, give it five years to revive: Parliamentary panel

Don’t privatise Air India, give it five years to revive: Parliamentary panel

This is not an appropriate time to divest government stake in Air India, which should be given at least five years to revive and its debt written off, a parliamentary panel is likely to tell the government. The panel is...
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Sebi advisory panel plans to reduce mutual fund schemes by half

Sebi advisory panel plans to reduce mutual fund schemes by half

The Securities and Exchange Board of India’s mutual fund advisory panel has recommended strict definitions for mutual fund scheme, which might bring down the current schemes by as much as half. The capital markets regulator will enforce the new definitions.....
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Jaitley to head panel on HPCL stake sale to ONGC

Jaitley to head panel on HPCL stake sale to ONGC

Finance Minister Arun Jaitley will head a 3-member ministerial panel to oversee and expedite the sale of government stake in oil refiner HPCL to explorer ONGC, Oil Minister Dharmendra Pradhan said today. Hindustan Petroleum Corp Ltd (HPCL) will remain a...
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Apple Said to Be Meeting Inter-Ministerial Panel on January 25 to Discuss Local Manufacturing

Apple Said to Be Meeting Inter-Ministerial Panel on January 25 to Discuss Local Manufacturing

A team of the US-based iPhone maker Apple will meet a group of senior officials from ministries, including IT and finance, on January 25 to discuss its demands for setting up a manufacturing unit in the country. Officials from departments...
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Foxconn’s Sharp to Spend $570 Million on Oled Panel Production

Foxconn’s Sharp to Spend $570 Million on Oled Panel Production

Japan’s Sharp Corp said it will spend $570 million (roughly Rs. 3,792 crores) on its organic light-emitting diode (Oled) screen business – one of its first major investments since it was taken over by Taiwan’s Foxconn although the amount pal...
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Panel On Merger Of Rail, General Budgets To Give Report Soon: Report

Panel On Merger Of Rail, General Budgets To Give Report Soon: Report

New Delhi: A panel to examine the issue of merging rail budget with the general budget is likely to submit its report within 10-15 days. The report is being finalised and will be submitted to the Finance Minister in the...
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