Debt mobilisation of India Inc at Rs 1 lakh cr Mumbai: India Incs fund mobilisation through debt (bonds) on a private placement basis crossed the Rs 1 lakh crore mark to hit Rs 1,07,177 crore in the first-half of the current fiscal,a 23 per cent jump over Rs 86,796 crore in the same period a year ago. Power Finance Corporation accounted for around 10 per cent of this mobilisation. Deshmukh seeks PMs help to fill vacancies New Delhi: Concerned over large scale vacancies of directors in state-owned companies,minister of heavy industries and public enterprises Vilasrao Deshmukh on Wednesday said he has sought Prime Minister Manmohan Singhs intervention to cut delays in top PSU appointments. Of the total 246 Central Public Sector Enterprises (CPSEs),there are about 40 units that have shortage of either directors or executive directors. IOC expects share sale at Rs 450 New Delhi: Indian Oil Corp (IOC) expects to sell share at Rs 450 a piece,well above current market levels,in the follow-on public offer (FPO) planned for late January 2011,company chairman B M Bansal said on Wednesday. We expect the pricing to be around Rs 450 (per share), he told reporters here. Bansal said the FPO in which the government will divest its 10 per cent share along with the company selling an equal number of fresh shares,was likely in the 3rd or 4th week of January. CIL mulls buying 10% in Peabodys asset New Delhi: State-run Coal India on Wednesday said it is in advanced talks to buy 10 per cent stake in the US-based Peabody Energy Corps asset in Australia. They (Peabody) have offered us 10 per cent in one of their coal producing mines in Australia, Coal India chairman Partha Bhattacharya told reporters here. Underpriced fuel to cost retailers Rs 65k cr New Delhi: IOC,BPCL and HPCL are likely to lose Rs 65,000 crore on selling diesel,domestic LPG and kerosene below cost during the current fiscal,oil minister Murli Deora has said. Oil prices in the international market are again on the rise. Currently,oil marketing companies are incurring under recovery (revenue loss) of Rs 4.11 per litre on diesel,Rs 16.88 per litre on kerosene and Rs 272 per cylinder on domestic LPG sale, he said.
