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Tata Sons may bank on TCS to clear telecom arms' AGR dues

It will most likely bank on TCS for sourcing funds in case it has to pay the dues immediately, sources said.
The Economic Times



Deficit may top 6.8% on fertilizer subsidy, 3G delay

Fiscal deficit for the current year could overshoot even the 16-year high 6.8% budgeted for the current year as fertiliser subsidy is likely to be higher and there is now greater chance that the 3G auction may not happen this fiscal.

Bonds ease as borrowing fears fade

The government will spend an extra Rs 25,725 crore this fiscal but will not borrow from the market to finance this expenditure, allaying fears of the bond market.

Recast board may feel the bill hefty

Since the inception of the Board for Reconstruction of Public Sector Enterprises (BRPSE), the government has approved assistance worth Rs 4,981 crore for reviving sick units.

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  • The Union Cabinet on Thursday appointed UTI MF and SBI MF as managers for the over Rs 10,000-crore corpus funds. Stocks to watch | Heard on the street

    Power sector public offers are all set to hit the markets in a big way in coming months with government considering a proposal to allow all power PSUs to enhance their equity base through initial public offers.

    In a complete turnaround of its earlier stand, the ministry of mines has now agreed to divest 10% government equity in aluminium major Nalco.

    The Mines Ministry has agreed to offload 10 per cent stake from state-run National Aluminium Company (NALCO), but with a rider that proceeds from the disinvestment should be re-invested in NALCO.

    The first IPO by a fund house is on course with the govt and the board of UTI Asset Management Company approving the proposal to list the shares of the firm.

    With Man and his men firmly in the saddle and hindrances out of the way, divestment is back on the drawing board.

    With the Left no longer breathing down its neck, the UPA would be free to bring out its disinvestment programme from deep freeze.

    The Left will see red on this one. The government has slashed the allocation for the revival of sick PSUs under the department of heavy industry, by more than half for the next fiscal.

    The government has finally decided to restart its stalled disinvestment process by considering sell-off of minority stakes in Neyveli Lignite Corporation (NLC) and Nalco through a public offer.

    As McKinsey Study cites environment concern as a big issue amongst business leaders, its echoes can be heard in India’s professional campuses. Green wheels

    Every CEO needs expert advice in a chaotic world where the flap of a butterfly's wings amplifies into a tornado elsewhere.

    Grassroot women, who were once landless labourers or poor housewives, are turning entrepreneurs inspiring scores of women to stick their necks out and brave the world.

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