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Tag: sail
Technical glitches mar retail investors in SAIL sale
2014-12-10 22:02:29| Steel - Topix.net
Several hundred retail investors who bid for shares in the offer for sale of Steel Authority of India Ltd last week have not received the promised five per cent discount. Last-minute changes in the OFS mechanism and data entry glitches have led to the loss, brokers and investors told Business Standard.
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sale
technical
retail
Oversubscribed 2 times SAIL disinvestment offer bags Rs 1725 cr
2014-12-05 16:26:45| Steel - Topix.net
The government's plan to raise capital by disinvesting its stake in various public sector undertakings got off to a flying start on Friday, with its offer for sale of 5% stake in public steel sector firm Steel Authority of India Ltd getting oversubscribed by over two times mopping up Revenues from selling shares in state-owned companies is critical to the government's plans to keep the fiscal deficit -- shorthand for the amount of money the government borrows to fund its expenses -- at 4.1% of GDP in 2014-15. A shortfall in revenues may prompt the government to raise indirect taxes -- it has already done it twice in petrol and diesel in the last two months -- hurting prices.
Selloff to start with SAIL offer
2014-12-04 01:06:48| Steel - Topix.net
New Delhi, Dec. 3: The government will launch its divestment drive for the current fiscal with the sale of a 5 per cent stake in steel major SAIL on Friday that could fetch the exchequer Rs 1,700 crore. The floor price for the share sale will be fixed tomorrow, Steel Authority of India Ltd said in a regulatory filing.
Tags: start
offer
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selloff
Upgraded MSC Magnifica cruise ship sets sail to Hamburg
2014-12-01 01:00:00| Ship Technology
Italian-Swiss shipping company MSC Cruises's MSC Magnifica vessel has completed its repair and maintenance works at Damen Shiprepair Rotterdam.
Tags: sets
ship
hamburg
cruise
SAIL lease renewal in EC court
2014-11-14 04:52:45| Steel - Topix.net
Ranchi, Nov. 13: Jharkhand High Court has directed the state government to seek permission from the state election commission to renew the mining lease of Steel Authority of India within a week, failing which the PSU would be free to resume operations. The court of Justice S. Chandrashekhar today ordered the PSU to give an undertaking for abiding by the terms and conditions fixed by the mines department for renewal of the mining lease.
Tags: court
lease
renewal
sail
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