EGoM meeting on gas allocation postponed

A meeting of the empowered group of ministers (EGoM) which was to consider making available natural gas to fuel-starved power plants

New Delhi | Published: July 23, 2013 3:06 am

EGoM meeting on gas allocation postponed

New Delhi: A meeting of the empowered group of ministers (EGoM) which was to consider making available natural gas to fuel-starved power plants,has been postponed following bereavement in oil minister M Veerappa Moily’s family.

Cabinet to take up pay revision in sick PSUs

New Delhi: The Cabinet is expected to soon take up the proposal to implement pay revision for executives and non-unionised supervisors of 18 sick PSUs that have the potential to be revived.

Icra revises down FY’14 forecast

Mumbai: Ratings agency Icra on Monday revised down its FY’14 economic growth estimate by 0.40 percentage points to 5.4-5.6 per cent on weak economic data and rupee volatility.

Sebi allows Fresenius Kabi to delist shares

Mumbai: Capital market regulator Sebi on Monday allowed Fresenius Kabi Oncology to delist its shares from the Indian stock market and asked the healthcare firm to complete the delisting process within three months — bringing to an end a long-standing dispute.

Krishna Kumar retires from Indian Hotels

New Delhi: Tata Group firm Indian Hotels Company on Monday said R K Krishna Kumar has ceased to be a director of company’s upon his retirement. Kumar,a close confidante of Ratan Tata,was also on the boards of a number of Tata Group companies,including Tata Sons Ltd and Tata Industries Ltd.

OnMobile acquires US-based Livewire

New Delhi: Mobile VAS firm OnMobile Global has said it has closed the deal to acquire US-based Livewire Mobile for $17.8 million,a move aimed to increase its entertainment portfolio in North America. PTI

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