EGoM News

EIL share sale: EGoM fixes price band at R145-R150

The government has set a price range of Rs 145-150 a share for the sale of a 10 per cent stake in Engineers India Ltd (EIL) starting on Thursday, aimed at garnering about Rs 500 crore. “In connection with EIL’s further public offer of 3.37 crore equity shares through an offer for sale (OFS)… the […]

OilMin’s opposition defers IOC stake sale decision

While Moily refused to elaborate on the reasons for the deferment, sources said his ministry had raised concerns over pricing of IOC shares.


Merged telecom firms can hold up to 50% market share

EGoM clears telecom M&A norms; sector likely to see consolidation.

Briefly Business: EGoM to discuss telecom M&A norms postponed

The EGoM meeting scheduled for Tuesday to discuss the much-awaited M&A guidelines in the telecom sector has been postponed.

DoT to soon meet Trai on CDMA price

The Department of Telecom (DoT) will once again ask regulator TRAI to recommend a base price for auction of CDMA spectrum. “We will write to TRAI soon after minutes of the meeting (EGoM) are approved. Hopefully,early in the coming week,” Telecom Secretary MF Farooqui said. The Empowered Group of Ministers,headed by Finance Minister P Chidambaram,in […]

Spectrum sale: EGoM okays up to 25% hike in base price

Auctions for 900,1800 MHz spectrum band likely in January 2014.


Vodafone urges EGoM to consider SUC charge at 3%

Telecom firm also says the reserve price of 1,800 MHz spectrum is high.

EGoM clears bidding norms for power generation projects

Opposition to provisions from private developers largely steamrolled.

Fertiliser ministry pitches for retaining gas allotment norms

The fertiliser ministry has opposed diversion of natural gas earmarked for the sector.

Govt to divest 7.64% stake in NFL today; floor price set at R27/share

The government will sell 3.74 crore shares in National Fertilizers Ltd (NFL) through an offer