Sell-off cleared in 11 PSUs -- Maruti, VSNL, MTNL not in 33-PSU plan
The Cabinet Committee on Disinvestment (CCD) today accorded in-principle clearance for disinvestment in 11 public sector undertakings (PSUs) for this fiscal and firmed up an annual disinvestment plan involving 33 firms.

`In-principle' nod for IBP
THE Cabinet Committee on Disinvestment (CCD) today granted an in-principle approval for disinvestment of Government equity in IBP Company Ltd.

Essar, Marathon may switch off deal
THE Essar Group and the US-based Marathon Power Company are likely to call off the deal for the acquisition of Essar Power Ltd.

DHI puts the brakes on Maruti proposal
THE arguments presented by the Department of Heavy Industries (DHI) against a hasty sell-off of the Government's equity in Maruti Udyog Ltd (MUL) carried the day as the Cabinet Committee on Disinvestment (CCD) today failed to take a view on the divestmen t.

`Internet -- still a long way to go'
THE Internet is not faring too well in the country and opportunities for dot.coms are very limited in the Indian market for some time to come, according to Mr. Amitabh Kumar, Director, Operations, Videsh Sanchar Nigam Ltd, market leader among Internet Se rvice Providers in the country.

`Contradictory' statements on strike -- HSE seeks clarification from Dr. Reddy's Labs
THE Hyderabad Stock Exchange (HSE) has served a notice on Dr. Reddy's Laboratories Ltd (DRL) seeking clarification on the contradictory statements allegedly being made by the DRL management on the indefinite strike at its formulations unit-II located at Bachupally, near here, from June 17.

P&O selected to manage, operate Chennai terminal
P&O PORTS has been selected as the preferred tenderer to manage and operate the Chennai Container Terminal, an official statement from the port developer said.

Infrastructure industries log 7.3 pc growth
THE six infrastructure industries of electricity, coal, steel, crude petroleum, petroleum refinery products and cement have grown by 7.3 per cent in May, over the corresponding month in the previous year.

Swaps, derivatives pact -- Citibank knocks off ring-fencing clause
CITIBANK has decided to delete the controversial `ring- fencing' clause from its ISDA (International Swaps and Derivatives Association) agreement with other local banks.

Progress to Gujarat `may be delayed'
THE south-west monsoon has advanced to some northern States, but is unlikely to progress to the drought-hit western Gujarat for at least a few more days, according to a senior official of the weather department.

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