Oil India float price
New Delhi, Jan. 31: The government has set the floor price of Oil India’s 10 per cent stake sale at Rs 510, offering a discount of over 5 per cent. The government plans to garner around Rs 3,000 crore by selling a 10 per cent stake in the exploration firm through the offer for sale route tomorrow. At present, the government holds 78.43 per cent in Oil India.
New Delhi, Jan. 31: The government today approved a Rs 200-crore revival package for state-owned Scooters India after shelving plans to divest its entire stake in the firm to a private strategic player. The cabinet approved the revival through infusion of funds of Rs 90.38 crore as capex/working capital and financial restructuring through waiver/conversion of government loan/interest to the tune of Rs 111.58 crore.
New Delhi, Jan. 31: The growth rate of eight core industries fell to 2.6 per cent in December from 4.9 per cent in the same month previous year because of a drop in production of coal, natural gas and fertiliser. The cumulative expansion of the core industries was down at 3.3 per cent in April-December against 4.8 per cent in the year-ago period.