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This is an archive article published on August 31, 2011

Briefly Business

The government approved selling 5 per cent of its stake in power equipment major BHEL that could mop up over Rs 4,326.

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Govt clears 5 per cent stake sale in BHEL

New Delhi: The government on Tuesday approved selling 5 per cent of its stake in power equipment major BHEL that could mop up over Rs 4,326 nearly 1 billion. Timing of disinvestment will 8230; depend on market conditions. If markets are where they are today,certainly,we can ask the Department of Disinvestment to defer it, Minister for Heavy Industries and Public Enterprises Praful Patel said.

Bata India appoints Gopalakrishnan as MD

Mumbai: Bata India on Wednesday said Rajeev Gopalakrishnan has been appointed as the companys new Managing Director with effect from October 1,2011.

Central Bank offers special deposit scheme

Mumbai: Central Bank of India on Tuesday launched a special scheme offering to double depositors money in seven-and-a-half years. The scheme,christened Cent Double,will give an annualised yield of 13.33 per cent.

DLF again found guilty of abusing dominance

New Delhi: A fortnight after penalising DLF with a hefty sum of Rs 630 crore,competition watchdog CCI on Tuesday in another case directed the company to stop formulating and imposing unfair conditions in its agreements with home buyers but did not impose any fine in this case.

RIL completes 7.2 billion deal with BP

Mumbai: Reliance Industries Limited and UK hydrocarbon major BP has announced the completion of BPs acquisition of a 30 stake in 21 oil and gas production sharing contracts that RIL operates in India.

 

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