| IFCI plans to offload stake in 16 firms | 20-NOV-09 |
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| IFCI, the Delhi-based non-banking finance company, plans to sale stake in 16 companies across the sectors, including, iron and steel, granite, hotels, food and electronics. |
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| Punjab amends paddy procurement policy | 18-NOV-09 |
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| In a move to facilitate smooth lifting of paddy in the ‘mandis’, the Punjab government has amended the provisions of paddy procurement policy to enhance the eligibility quota of the rice mills by 500 metric tonnes (MT) per mill. Disclosing this here today, Food and Civil Supplies Department Director D S Grewal said that under the amended provisions of the policy, a rice mill with an installed capacity of one MT would now be allotted 3,000 MT of free paddy instead of earlier quota of 2,500 MT. Likewise, rice mills with an installed capacity of two MT would now be eligible to lift 4,500 MT of free paddy against the earlier allotted quota of 4,000 MT. The amended procurement policy would be applicable to the districts of Bathinda, Mansa, Sangrur, Barnala, Moga, Faridkot and Muktsar. |
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| FIIs hike stake in Maytas Infra to 10.7% | 23-OCT-09 |
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| Foreign Institutional Investors (FIIs) have hiked their stake in Maytas Infrastructure, once owned by the defamed promoters of Satyam Computer Services. |
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| Aditya Birla PE Fund to pick up 0.5% in BSE | 15-OCT-09 |
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| Aditya Birla Private Equity Fund, which is looking to raise Rs 1,250 crore, has finalised some investments, including 0.5 per cent in the country’s oldest exchange, the Bombay Stock Exchange, said sources close to the development. |
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| Poor storage may cause food shortage | 14-OCT-09 |
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| With India’s population estimated to reach 1.3 billion by 2017 and serious shortage of capacity to store food grains, the country will be short of 14 million tonnes of foodgrains. |
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| Lack of storage capacity causing food shortage | 14-OCT-09 |
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| With the country’s population estimated to reach 1.3 billion by 2017 and serious shortage of capacity to store food grains, the country will be short of 14 million tonnes of foodgrains. |
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| Millers say they will not store paddy until FCI lifts rice stocks | 29-SEP-09 |
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| Rice millers of Punjab today said they would not store paddy bought by the state-owned agencies for milling until the Food Corporation of India (FCI) lifts 7.5 lakh million tonnes (MT) of rice stock lying in the millers’ godown, a move that could hit the paddy procurement for central pool from the state. |
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| UP millers sitting over 300,000 tonne rice stock | 21-SEP-09 |
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| Uttar Pradesh millers are sitting over 300,000 tonnes rice stock of last year, which the Food Corporation of India (FCI) and the state government had not taken the delivery of, for utilisation in the public distribution system (PDS). |
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