Move to list PSU arms
New Delhi, April 8: The government is mulling a proposal to encourage profitable subsidiaries of public sector units (PSUs) to seek listing and raise funds from the capital market. “The proposal is at a conceptual stage at the moment. The department of disinvestment will soon discuss the proposal with the concerned ministries to find out its feasibility,” a source said.
New Delhi, April 8: Market regulator Sebi is planning various steps to deepen the Indian stock market this year. Measures are being undertaken to launch products in the derivatives segment, already the mainstay of the market in terms of volume, and introduce no-frills trading accounts to attract new investors to the cash market as well.
New Delhi, April 8: The Centre has set up a committee to revise the wholesale price index to take into account structural changes in the economy since 2004-05 and present a better picture of the price situation. Economists as well as the RBI have been critical of the official data.
New Delhi, April 8: India has extended the anti-dumping duty levied on imports of non-radial tyres from China and Thailand for another six months.
New Delhi, April 8: State-owned Hindustan Copper is planning to raise $250 million (Rs 1,250 crore) in this quarter through overseas borrowings to part-finance its expansion activities.