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Govt may divest 5 pc in BSNL for MTNL merger
THE Government is exploring the option of divesting 5 per cent stake in Bharat Sanchar Nigam Ltd to facilitate the merger with Mahanagar Telephone Nigam Ltd. The Ministry of Communication is in the process of appointing consultants to advise ...
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We will meet oil price challenge to rein in fiscal deficit: Chidambaram
THE Finance Minister, Mr P. Chidambaram, has expressed concern that the 12 per cent deficiency in the performance of the south-west monsoon and the continuing high oil prices could undermine the Government's efforts at controlling fiscal deficit ...
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Bajaj vehicles to ride Pakistan roads
HAMARA Bajaj is readying to cross the Pakistani border, pillion-riding one of that country's biggest business families. The country's second-largest two-wheeler maker is talking to the Saigol family of Pakistan to set up a manufacturing joint ...
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Jet, Sahara not to alter lower level fares
IT's now official. Domestic airfares will go up across the board by 10 per cent from October 14. However, Jet Airways has decided not to tinker with the lower level night saver and check fares despite the latest hike in domestic airfares. ...
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US needs more outsourcing: Pressler
STATING that he was "pro-outsourcing", Mr Larry Pressler, US Senator, on Friday rejected the contention that outsourcing had led to job losses and said that US economy needed more immigration and outsourcing. "I am pro-outsourcing. I am a free ...
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Anchor's discount may herald price churn in toothpastes
LOOKS like the toothpaste market is getting ready for a pricing churn. After sales slumped 12.5 per cent last fiscal, players in this category have been mulling ways to stem the slide and it appears that Anchor Health and Beauty Care Pvt Ltd ...
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Action in mid-cap stocks continues
IT was a lacklustre day at the markets though activity in mid cap space continued. Automobile stocks languished while select pharma stocks took a breather after a hectic run-up, especially in mid cap pharma companies. More
Inflation dips on cheaper primary, food articles
THE annual wholesale price index-based inflation rate dipped marginally to 7.38 per cent for the week ended September 25, mainly due to a dip in prices of food items and other primary articles, according to data released by the Ministry of ...
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