RINL float delay

New Delhi, June 5: The Rs 2,500-crore initial public offer of RINL has been delayed by at least three weeks on the advice of merchant bankers UBS Securities India and Deutsche Equities (India) as the early July launch of the issue may not yield desired results. All proposed roadshows have also been deferred, a source said. The RINL issue was slated to hit the market on July 3.

Tax meet

New Delhi, June 5: The top brass of the income tax department and CBDT will hold a brainstorming session on various issues related to black money, revenue collection and the proposed direct taxes code here next week.

Coal block

New Delhi, June 5: Amid controversies shrouding coal block allocation, the government today said it had finalised three models — auction, tariff-based competitive bidding and government dispensation route — for grant of mines to various categories of firms.