Despite more contenders pulling out -- Fresh bids for AI, IA unlikely now
THE Government is likely to take the disinvestment process for Air India (AI) and Indian Airlines (IA) forward even if there is only one bid, as long as it exceeds the reserve price which is to be set for each of the two airlines.

VRS forces SBI to go for rightsizing
STATE Bank of India (SBI) has started cutting down its departments and is also merging some of them to cope with the strain that the organisation is now facing on account of the mass exodus due to its VRS scheme.

Oriental Bank drops plans for MF entry, insurance arm
THE plans of Oriental Bank of Commerce (OBC) to float its first set of subsidiaries has met a dead-end with the bank deciding to drop its proposal to float separate outfits to enter the insurance and mutual fund businesses.

Rural obligation: Paswan warns pvt operators
THE Union Communications Minister, Mr Ram Vilas Paswan, has said that all private basic telecom operators, who have not fulfilled their licence obligations of networking rural tracts, will either be penalised for delays or have their licences cancelled b y the Government.

FACING HOBSON'S CHOICE:
The Railway Minister, Ms Mamata Banerjee, and the Minister of State, Mr Digvijay Singh, perusing the Budget proposals in New Delhi on Sunday.

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