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Cash-rich Coal India's interim dividend to make FIIs richer by over Rs 1000 cr

Jan 15, 2014

Cash-rich Coal India's interim dividend to make FIIs richer by over Rs 1000 cr

The government, which holds 90 percent stake in Coal India Ltd (CIL), will get Rs 16,485.71 crore and use the amount in meeting the fiscal deficit target. #P. Chidambaram #NewsTracker #coal india #NTPC #ONGC #Indian Oil #SAIL #GAIL #Foreign institutional investors #Axis Bank #NMDC #FII #PSU #CIL #BALCO #Interim dividend #Hindustan Zinc
IT department slaps Rs 1631 cr tax notice on NMDC

Sep 10, 2013

IT department slaps Rs 1631 cr tax notice on NMDC

The Income Tax Department slapped a Rs 1631 crore demand notice on the state-owned National Mineral Development Corporation (NMDC) Ltd for assessment years for four years starting 2006-07. #NewsTracker #Income Tax Department #NMDC Limited #tax notices #Public Sector Undertakings
Indian Hotels moves Delhi HC against auction of Taj Mansingh Hotel

Apr 05, 2013

Indian Hotels moves Delhi HC against auction of Taj Mansingh Hotel

Tata Group-owned Indian Hotels has moved the Delhi high court against the proposed auction of its marquee Taj Mansingh Hotel in the national capital even though its extended lease expires in October #Tata Group #ToWhatEffect #NMDC #IHC #Indian Hotels Company
PC's math: earn Rs 24k crore by destroying Rs 50k cr value

Mar 28, 2013

PC's math: earn Rs 24k crore by destroying Rs 50k cr value

Government's stake sale plan may have fetched close to Rs 24,000 crore, but it came at a high cost: the distress sale cost the companies nearly twice as much in terms of market valuation. #P. Chidambaram #ToWhatEffect #NTPC #SAIL #stake sale #Divestment #NMDC #Oil India