Govt mulls IPCL break-up, industry cool
While the goverment is mulling splitting up IPCL before it is sold off, the two top contenders for the public sector unit appear to be cool to the offer. More so since, according to industry, splitting it up could delay the divestment by anywhere between 6 months to a year.



Govt failed to reduce deficit, says Rangarajan
National Statistical Commission chairman C Rangarajan today criticised government for its failure to control fiscal deficit of 8-9 per cent to ‘desired levels’ and said centre should reduce revenue expenditure instead of capital expenditures.



FIs under pressure against Gesco stake sale
Financial institutions which hold around 30 per cent stake in Gesco Corporation - which is being targeted by the Dalmias - are under pressure from the Sheths against selling their stake in the company.



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