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The week may witness bargain-buying
Mumbai: Indian
shares are expected to gain this week because investors are hunting for value
in a market tarnished by war fears, but fund managers say geo-political
developments remain the key driver.
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Govt plans to
merge two refineries with OIL
New Delhi: The petroleum ministry is considering a proposal to form an
integrated oil company for the northeast region by merging the two refining
companies (Bongaigaon Refinery and Numaligarh Refinery) with the crude
producing company of that region, Oil India (OIL).
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All
pension schemes to come under one roof
New Delhi: The finance ministry is planning to constitute an empowered
group, consisting of representatives from various ministries, to chart out a
roadmap that can bring all the pension schemes in the government and private
sectors under one umbrella.
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Rogue
companies fall off the Gujarat map
Ahmedabad: One of the most
industrialised states of the country, Gujarat, tops the list of states with
companies that vanished after collecting money from the public.
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FMCG
biggies start value-for-money products
New Delhi: FMCG majors have begun launching value-for-money products in
new growth categories, with the rural markets offering limited growth
opportunities during the current fiscal.
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Govt to sell
32% stake in Hind Organic
New Delhi: Hindustan Organic Chemicals will be the next off the
divestment block with the government planning to invite price bids for a 32-per
cent stake in the loss-making company soon. The transaction is likely to be
concluded in June 2002.
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Auto
giants drive into India, China
New Delhi: With the current downturn in the global economy, automobile
majors like DaimlerChrysler, Volvo, Renault, Toyota and Honda are planning to
outsource their requirements from developing countries such as India and China.
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