Mallya,Sahara refute striking any bailout deal Lucknow: The presence of Vijay Mallya,chairman of Kingfisher airlines,here on Sunday triggered speculation about a possible deal between him and the Sahara Group to bail out the beleaguered airlines. Reports to this effect were promptly refuted by both sides. The limited purpose (for which I am here) is Sahara Force India, Mallya said referring to the board meeting of the new set up. There is absolutely nothing like it, he added. PSU banks want SEBs to annually revise tariffs MUMBAi: Rising incidents of stressed assets in the power sector have prompted banks to ask for tariff revisions every year by the state electricity boards (SEBs),so that the business model remains viable. World Bank to invest $1.5 billion in energy sector New DeLhi: The World Bank expects to invest about $1.5 billion in the countrys fast growing energy sector over the next two years,said an official. Maruti Suzuki plans more models with CNG options NEW DELHi: The countrys largest carmaker Maruti Suzuki India is planning to add more models with environment-friendly CNG option to its existing fleet of five such cars. Onion MEP cut to $350 per tonne to boost exports New Delhi: The government has reduced the minimum export price (MEP) of onion by $125 to $350 a tonne,in a move aimed at encouraging outbound shipments of the kitchen staple. Govt plans outright sale of Tyre Corporation of India New Delhi: The Disinvestment Department is planning an outright sale of ailing public sector company Tyre Corporation of India and will appoint merchant bankers by mid-December.
