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Sunday, Nov 22, 2009
 
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PSUs to lose out on interest21-NOV-09
Public sector companies may continue to lose interest income on their idle deposits as the government has decided against allowing banks to bid for their bulk deposits. Top public sector undertakings (PSUs), sitting on surplus cash of over Rs 1,00,000 crore, have been demanding re-start of the bidding as it ensures higher interest rates.
Capex spending slows in Q221-NOV-09
Rises only 2% from Q1, with cement, oil & gas, power, telecom all holding back.
Disinvestment of 4 PSUs likely to be completed in two months20-NOV-09
Disinvestment process in four public sector undertakings is likely to be completed over the next two months, a top government official said today.
SAIL is Presenting Partner of Hero Honda FIH World Cup 201020-NOV-09
The International Hockey Federation (FIH) and Hockey India (HI) today announced The Steel Authority of India (SAIL) as the Presenting Partner for the Hero Honda FIH World Cup 2010, to be hosted by India in March 2010. The event will now be referred to as the Hero Honda FIH World Cup, presented by SAIL.
SAIL again delays Rs 70,000-cr mega expansion plan20-NOV-09
The global recession and the resultant demand slump has delayed Steel Authority of India's (SAIL) ambitious Rs 70,000-crore expansion plan for the second time in as many months, as it would now be completed by 2012-13 only.
Maoists explode bomb in SAIL mine20-NOV-09
Maoists today exploded a bomb in Meghatpur mine and planted another at Kiribur, both run by public sector SAIL along the Orissa-Jharkhand border.
Govt for 20% stake sale in SAIL19-NOV-09
The government today said it is considering a 20 per cent stake sale in steel major SAIL, proceeds of which would partly fund the company's Rs 70,000-crore expansion projects.
Bharati Shipping, ABG sail ahead on open offer nod19-NOV-09
Bharati Shipyard ended at Rs 165, higher by Rs 1 or 0.88%, on the BSE. The stock had opened at Rs 166 and touched an intra-day high of Rs 174 and a low of Rs 164. Total trading volumes of 218,525 shares were registered on the counter as against the two-week average of 99,782 shares.
Sail rises on new project plans18-NOV-09
Sail has closed at Rs 187, higher by nearly a Re or 0.5%, on the BSE.
Jharkhand govt gives major ore lease to SAIL18-NOV-09
Rebuffs private steel companies.
NMDC-SAIL join hands for Himachal project18-NOV-09
State-owned mining company NMDC Limited and Steel Authority of India (SAIL) will jointly develop a limestone project at Arki in Himachal Pradesh with a three-million tonne per annum capacity.
Jharkhand agrees to renew Chiria leases to SAIL17-NOV-09
Public sector steel firm Steel Authority of India (SAIL) today said the Jharkhand government had agreed to renew leases of Chiria iron ore mines to meet the current needs of the company.
Sensex gains 189 points, led by Maruti Suzuki, SAIL17-NOV-09
Indian stocks rose, led by steel and car makers, after the government said sales of the alloy to auto manufacturers rose in the first seven months of the financial year.
Cab Secy asks ministries not to interfere in CPSEs16-NOV-09
Cabinet Secretary K M Chandrasekhar today did some plain-speaking, asking administrative ministries to allow Central Public Sector Enterprises (CPSEs) to function independently.
SAIL-NMDC to invest Rs 260cr in Arki limestone mine16-NOV-09
State-run steel producer Steel Authority of India (SAIL) and mining major NMDC will invest Rs 260 crore in developing the Arki limestone reserves in Himachal Pradesh.
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