CCEA clears proposal for securitisation of SEB dues
THE Cabinet Committee on Economic Affairs (CCEA) today cleared a proposal to securitise the principal amount of around Rs. 10,000 crores owed by the State electricity boards (SEBs) to the Central power and coal sector undertakings.

Birla AT&T foreign equity hike cleared
THE Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved foreign equity participation of Rs. 1,604.75 crores in the increased paid-up capital of Rs. 3,275 crores in Birla AT&T, which has the licence to provide cellular services in Maharashtra and Gujarat.

Silverline ADS issue priced at $25 on NYSE
SILVERLINE Technologies Ltd, whose American Depository Share (ADS) issue made a debut on New York Stock Exchange on Tuesday, announced the issue price at $25 each.

Saatchi-Publicis merger: India impact unlikely
THE reported merger of Saatchi & Saatchi and Publicis of France is unlikely to have any major impact in their Indian operations immediately as both companies will be operating independently for the time being, according to a senior official of Saatchi & Saatchi India.

Cabinet accepts proposal to close down six PSUs
THE Union Cabinet today accepted the recommendation of an expert group to close down six PSUs including National Bicycle Corporation of India Ltd (NBCIL), and Weighbird India Ltd (WIL).

Insurance plan for the poor
THE Union Cabinet today decided to launch a new insurance scheme for people living below the poverty line (BPL) in both urban and rural areas.

Oman-India fertiliser venture cleared
THE Government today cleared the long-pending Oman India Fertiliser Company project, involving the setting up of a world-scale fertiliser complex in Oman by Krishak Bharati Cooperative Ltd (Kribhco) and Indian Farmers' Fertiliser Cooperative Ltd (Iffco) in association with the Oman Oil Company (OOC).

Dr Reddy's shifts machinery?
THE management of Dr. Reddy's Laboratories Ltd (DRL) has allegedly shifted some of the crucial machinery from its formulations unit-II during the midnight of Monday.

Last property of undivided Cadila put on the block
THE stage is set for enacting the final scene in the 30-year-old saga of the undivided Cadila Laboratories Ltd (CLL), the precursor to Cadila Pharmaceuticals Ltd (CPL) and Cadila Healthcare Ltd (CHL), that had its inception in 1967. The Ghodasar plant, t he erstwhile headquarters of CPL and CHL since

Low pressure weakens
THE low pressure area over Orissa weakened and the south-west monsoon activity also does not show much vigour. The India Meteorological Department (IMD) says Uttar Pradesh, Bihar, West Bengal, Sikkim and the north-east can look forward to some good rainf all.

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