IBP disinvestment tenders to be floated on January 15
The ministry of petroleum will float tenders for disinvestment of IBP on January 15. Minister for petroleum and natural gas Ram Naik said that the government has decided to reduce its stake in the oil company from 59% to 26%.

Financial Institutions voice their skepticism for financing power projects
The viability of SEBs has come up as a major issue in project financing for power projects. The issue was raised by officials from all major financial institutions like ICICI, IDBI and PFC who had gathered at a seminar organised by BHEL the navratna which has played a lead role in the Indian power sector.

Government to sign power pacts with 16 states
The BJP-led government at the Centre, in a serious bid to improve power distribution and reduce the gap between the cost of supply and average tariff, will sign a separate MoU with 16 states and provide the necessary funds.


  Rane group founder, chairman passes away
  AP grants five acres of land to IRDA
  Vinay Mohan Lal is the new energy secretary
  All civil works to be stalled from Jan 15
  Rs 43,300 cr needed to develop hydrocarbon sector -- Kamath
  IT, retail trade drive property market to new heights in Q3
  Nabard CGB issue mops up Rs 706 cr
  Adarsha Janata Bank, Shree Suvarna Bank merge
  ICICI Ltd launches portal for research in financial system
  `Role of regulator crucial during transition to liberalised regime'
  Centre considers punitive action against those responsible for January blackout
  Finding strategic partner after VSNL divestment not on government's agenda
  Market round-up
  PFC plans $5bn fund for power reforms
  Bonds-dedicated mutual funds in the limelight
  Centre likely to raise foreign direct investment limit in airlines to 49%
  Mait sees decline in hardware sales, cuts estimates
  Executive briefing