The Telegraph
Since 1st March, 1999
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Business Briefs

Slump in core sector

New Delhi, March 21: The country’s infrastructure sector witnessed a decline in growth at 3.9 per cent in February from 4.1 per cent in January and 4.4 per cent a year ago, mainly due to decline in production in electricity, cement and coal. The aggregate growth in six infrastructure industries — crude petroleum, petro refining, coal, electricity, cement and finished steel — was still at 5.2 per cent during April-Feburary this fiscal compared with 3.2 per cent in the year-ago period, according to official data released today.

BSE board

Mumbai, March 21: Deven R. Choksey, Apurva K. Shah and Balkrishna M. Mohta were today elected on the governing board of Bombay Stock Exchange (BSE). The members were elected for a three-year term.

Colgate arm

Mumbai, March 21: The board of directors of Colgate Palmolive India Ltd today decided to divest the entire equity stake in its wholly-owned subsidiary, Camelot Investments Company Ltd.

Selloff kitty

New Delhi, March 21: The government has raised over Rs 11,356 crore from disinvestment of public enterprises during the past three years. Videsh Sanchar Nigam accounted for almost a quarter chipping in with Rs 3,689 crore followed by Maruti with an expected figure of Rs 2,424 crore.

BPCL bid

New Delhi, March 21: Kicking-off the process of disinvestment in Bharat Petroleum Corporation (BPCL), the government has invited bids for appointment of a global advisor for sale of 35.2 per cent stake in the oil PSU through public offer.

Petro goods

New Delhi, March 21: Petroleum product consumption rose 1.8 per cent to 82.48 million tonnes in the first 11 months of the current fiscal as opposed to 81.05 million tonnes sales in the same period last year.

IOC agitation

New Delhi, March 21: Indian Oil Corporation (IOC) employees today withdrew their 10-day old work-to-rule agitation that had created domestic cooking gas (LPG) crisis in northern and southern India.

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