Bank bill keeps future divestment option open
THE Bill to enable pruning of the Centre's stake in public sector banks below 51 per cent would also pave the way for future disinvestment of Government holding in the banks.

NIIT rejigs to reach Rs 10,000-cr turnover
NIIT Ltd has recast its organisational structure with a view to achieving a turnover of Rs 10,000 crore within six years.

Oil cos to bear brunt of roll-back
PUBLIC sector oil marketing companies are set to bear the entire brunt of the roll-back in LPG and kerosene prices announced on Sunday.

ICI to sell polyurethane, paints businesses
ICI India Ltd is proposing to sell its polyurethane business to a wholly-owned subsidiary of Huntsman Corporation of the US or its affiliates to be incorporated in the country.

Strike hits coal mines in Bengal, Jharkhand
ACTIVITY came to a virtual halt in the mines of Eastern Coalfields Ltd, Bharat Coking Coal Ltd and Central Coalfields Ltd in West Bengal and Jharkhand on the first day of the three-day industry-wide strike today. The strike call was given by the CITU-aff iliated unions and was actively supported by Maoist Coordination Centre.

ICRA warns of possible shake-out in car industry
INVESTMENT Information and Credit Rating Agency (ICRA) has warned of an impending shake-out in the domestic passenger car industry. The rating agency has said that the industry is likely to witness consolidation among the dozen car manufacturers currentl y in operation.

CFRS shares firm up
MOST of the 15 stocks that would go in for carry forward in rolling settlement (CFRS) from tomorrow (Tuesday) staged a smart rally today. These shares surged on the back of availability of CFRS on T+5 basis, a mechanism to carry forward speculative posit ions without taking delivery.

In-transit shares -- SEBI to regulate traffic
THE Securities and Exchange Board of India (SEBI) is likely to take a view to resolve the issues arising from the incidence of shares ``in-transit''.

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