Govt to notify RGESS
New Delhi, Nov. 14: The finance ministry is likely to notify the Rajiv Gandhi Equity Savings Scheme (RGESS), which is aimed at attracting retail investors to equity, within this week. “The revenue department is likely to notify RGESS by Friday,” a senior finance ministry official said. Finance minister P. Chidambaram had approved the scheme on September 21. He had indicated that the revenue department would notify the scheme shortly and Sebi would issue relevant circulars.
Mumbai, Nov. 14: Employees of Kingfisher Airlines, who have not received their May salary despite an assurance from the management, are likely to chalk out an action plan next week, if they do not receive their dues by November 17.
New Delhi, Nov. 14: Finance minister P. Chidambaram will meet heads of public sector banks tomorrow and review financial performance and credit flow to productive sectors in the light of subdued economic activity, among other issues.
New Delhi, Nov. 14: Wockhardt’s consolidated net profit surged over three-fold to Rs 453.55 crore for the second quarter ended September from Rs 127.58 crore in the year-ago period.