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SAIL's acquisition of Malvika Steel in Amethi turns idle

SAIL's acquisition of Malvika Steel in Amethi turns idle

New Delhi: In a classic case of how political interference is pushing public sector enterprises into taking senseless investment decisions, it now comes across that country's largest public sector steel maker Steel Authority of India Ltd (SAIL) has lost its entire investment made in acquiring Ma...

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OIL may pick up BPCL's stake in Numaligarh Refinery

OIL may pick up BPCL's stake in Numaligarh Refinery

New Delhi: State-owned oil and gas explorer Oil India Ltd (OIL) may take over Bharat Petroleum Corporation's entire 61 per cent stake in Numaligarh Refinery, retaining the public sector character of the Assam-based entity.Privatisation of Bharat Petroleum Corporation Ltd (BPCL), which currently ...

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Govt to lift pricing curbs on domestically produced gas

Govt to lift pricing curbs on domestically produced gas

New Delhi: In one of the last reforms in the oil and gas sector, the government is set to free up pricing of all domestically produced gas that would help scale up local production from fields of ONGC, OIL, Reliance and Vedanta and help create a uniform gas where the fuel is freely tradable on ...

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IOC close to plastics-to-oil tech breakthrough

IOC close to plastics-to-oil tech breakthrough

New Delhi: Indian Oil Corporation, the countrys largest PSU refiner and retailer, is about to complete a research that could throw up one of the biggest breakthroughs and help the government eliminate all single-use plastics from the country by 2022. The company is finalising the research, under...

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Two-phased strategic disinvestment for BPCL likely

 Two-phased strategic disinvestment for BPCL likely

New Delhi: The government may consider two-phased disinvestment for public sector oil refiner and retailer Bharat Petroleum Corporation Ltd (BPCL), if the initial strategic sale of the entire 53.29 per cent government stake in the company fails to get requisite response.According to official so...

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No captive mines, future mining leases to go hybrid

No captive mines, future mining leases to go hybrid

New Delhi: The government plans a slew of reforms in the mining sector, including giving a big push to commercial mining to help attract investment and improve mineral production in the country.As part of this, highly placed sources said the government would discontinue the practice of offering m...

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Service tax: Govt mulls out-of-court deal to resolve issue with banks

Service tax: Govt mulls out-of-court deal to resolve issue with banks

New Delhi: The government may be inclined for an out-of-court settlement in its dispute with banks over unpaid service tax dues to the tune of Rs 38,000 crore with officials indicating a more flexible stance to resolve the outstanding issues.Sources in the government said that officials in the F...

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