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SAIL, NMDC divestment plans before Cabinet soon: Virbhadra
Steel Minister Virbhadra Singh today said the proposals for diluting stake in two state-run companies SAIL and NMDC will soon be taken to the Cabinet for its approval.

Govt defers Pepsico's $200 mn investment proposal
The government has deferred a decision on Pepsico India Holding"s proposal to invest $200 million (about Rs 930 crore) in the next three years.

News of the day

India hopes to ape 2003 'sweetheart' deal, Doha not yielding
India may be looking at Qatar for a "sweetheart" gas deal but Doha appears in no mood to sell liquefied natural gas (LNG) at anything less than $9-11 per mmBtu, rates which are more than double domestic gas price.
Management

Hindustan Copper rebounds, ends flat

The stock managed to erase all its losses and rebounded into the positive zone to touched a high of Rs 247.The scrip finally flat settled at Rs 237, up 0.42%. Around 44,483 shares were traded today as compared to 27,649 shares. _________________________________________________ UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The stock opened at Rs 240, touched a high of Rs 245 and slipped to a low of Rs 230. The scrip is now trading at Rs 232, down 2% from the previous close. Around 18,422 shares have been traded on the BSE so far. The stock has slipped 10.5% in a month"s time. Hindustan Copper has registered a 95% decline in its net profit at Rs 3.77 crore for the fourth quarter ended March 31,2009. The total income has also decreased to Rs 389.73 crore for the quarter as compared to Rs 468.35 crore in the previous quarter, a year ago.


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