Thursday, October 22, 1998
Concor divestment to begin in ten days
In a bold move, aimed at conveying positive signals to investors, the government has decided that it would go ahead with its disinvestment exercise despite the very low ruling market prices. Disinvestment of 10 million shares of the Container Corporation of India (Concor) is to begin within ten days.
Kelkar discusses means to revive capital markets
Making mutual fund dividend tax free in the hands of investors was one of the means discussed to revive the capital markets during a meeting by Union Finance Secretary Vijay Kelkar with the trustees of Unit Trust of India (UTI).
India keen to invest in Russian oil firms
India is keen to pick up equity in Russian oil companies and is planning a billion US dollar investement in the oil sector there to ensure firm crude supplies to New Delhi.
|
|
