New Delhi: The whole ONGC auction confusion has taken its toll on the government's disinvestment plan as this was being seen a test case for more such deals. As a result the divestment of Oil India and heavy engineering goods firm BHEL have been put on hold. Heavy Industries and Power Enterprises Minister Praful Patel had earlier said that it would happen during the next fiscal. The government is looking...
07:55 AM, Mar 02, 2012
Chennai: Taking the state-owned Bharat Heavy Electricals Ltd. (BHEL) by surprise, Tamil Nadu Chief Minister J. Jayalalithaa on Friday scrapped the 1,600 MW power joint venture with it and announced that the government would fully fund the project itself. In a statement issued here on Friday, Jayalalithaa said there had been no progress in the Rs.8,000 crore power project after the Memorandum of Understanding (MoU) was signed in 2007 between...
06:03 PM, Feb 24, 2012
New Delhi: The government cleared stake sale in its Navratna PSU ONGC on Wednesday. The divestment has been cleared by the Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee. Sources say five per cent government stake in ONGC will be offloaded. This is the first divestment cleared by the government in nearly nine months. The EGoM will meet again to decide on the timing of the divestment....
02:09 PM, Feb 15, 2012
Name: B Prasada Rao Profile: Chairman and Managing Director, BHEL Age: 57 Why he won for proving that a public sector company can hold its own in the face of stiff competition from India as well as overseas. And for cutting through bottlenecks to grab new opportunities in a growing economy. When I took over as the BHEL chairman in 2009, there was a lot of buzz in the market....
10:39 AM, Oct 28, 2011
New Delhi: The finance ministry has decided to puts its divestment plans on hold in view of the ongoing deterioration in market condition. Sources tell CNBC-TV18 that all divestments plans have been put on hold until market stabilises. The ministry may revise its divestment target downwards. The FY12 divestment target of Rs 40,000 crore will get revised in the budget estimates in October. The PSUs on the divestment agenda include...
01:52 PM, Sep 27, 2011
Job seekers from Tamil Nadu and other states were beaten in Hyderabad. ...
06:47 PM, Feb 20, 2010
Police arrest seven people after two of the assaulted students filed an FIR. ...
02:59 PM, Feb 19, 2010
New Delhi: It has so far been a learning curve for him and emerging West Indian allrounder Kevon Cooper is enjoying every bit of the time he is spending with Rahul Dravid, courtesy the Indian Premier League (IPL). It's a pleasure to be in the same dressing room as Rahul Dravid and having nets with him. He has been sharing his knowledge and international experience, Cooper said of his skipper...
09:28 PM, May 16, 2008
Islamabad: The Pakistan Cricket Board has criticized the report from an ICC task force set up to examine the state of the sport in the country, labeling it a "scholarly exercise" from people who failed to even visit Pakistan. The report, which was submitted to the ICC's board meeting in Hong Kong last month, contained recommendations on the Pakistan government's role in the PCB and its selection committee. The PCB ...
02:07 AM, Feb 12, 2008
London: England Test captain Andrew Strauss considers the upcoming series against India as tough as the historic Ashes but is banking on home advantage to upstage the world's number one side. This series against India is certainly up there with the Ashes. I think the one thing we have in our advantage over the Ashes is home advantage, said Strauss ahead of the series starting July 21 at the Lord's....
11:56 PM, Feb 11, 2008
The power equipments major has also declared a final dividend of 60 per cent for the year 2006-07. ...
05:02 PM, May 26, 2007
Y H Lokapur's colleagues forged his signature, stole his ATM card and hacked into his bank account and robbed him of Rs 30K. ...
09:09 PM, May 24, 2007
Public Sector BHEL has entered the Limca book of Records for its contributions towards nation building activities. ...
04:05 PM, Sep 05, 2006
displayed with permission. Use of the CNN name and/or logo on or as part of CNN-IBN does not derogate from the intellectual property rights of Cable News Network in respect of them.
Disclaimer: Network18 Media & Investments Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
