Lens on bilateral pacts

New Delhi, May 13: The industry ministry has made a case for renegotiation of bilateral investment protection agreements (BIPA) with foreign countries, fearing a spurt in cases of overseas telecom companies, including Vodafone, seeking protection under it. “This is a serious issue and concern (that telecom companies are filing cases against India under BIPA). There is a need to renegotiate these pacts to deal with such situations,” a commerce ministry official said.

Coal supply

New Delhi, May 13: With uncertainty continuing over coal supplies, the power ministry has sought the intervention of the Prime Minister’s Office to resolve the issues related to Coal India’s new fuel supply agreement, sources said.

Ambani shares

New York, May 13: Mukesh Ambani has got fresh shares worth about Rs 86 lakh from the Bank of America, but also had to sell shares worth Rs 16 lakh of the US-based banking giant to meet tax obligations.

PSU selloffs

New Delhi, May 13: The department of disinvestment has asked small PSUs, which intend to hit the capital market, to come out with an initial public offering of more than 10 per cent of their paid-up capital.

MF assets

Mumbai, May 13: The mutual fund industry posted a nearly 16 per cent growth in its average assets under management at Rs 6.8 trillion in April on the back of higher inflows into the money market funds, a Crisil Research report has said.