A proposal regarding the same was sent last week to the Department of Disinvestment by the power ministry. The ministry is seeking 15 per cent fresh equity for the firm.

In the upcoming MOIL offer, set to open on Nov 26 and close on Dec 1, the Centre will dilute 10 per cent stake, along with MP and Maharashtra govts shedding 5 per cent, each.

It may have been a record year for IPOs, but investors need to be cautious, as the Sensex has breached the 20,000-level.

In reply to a question, Disinvestment Secretary Sumit Bose told reporters that his department was not raising the target of Rs 40,000 crore mop-up through share sale in PSUs.

Finance minister Pranab Mukherjee says the RBI's move to tighten monetary policy will help the Indian economy to do better in terns of growth.

It is a record year for IPOs but for how long can the party last?

The public offerings of navratna companies Steel Authority of India, Indian Oil Corporation and Oil and Natural Gas Corporation will hit Dalal Street early next year.

Exports grew to $16.64 billion onimproved global demand for Indian merchandise, giving policy makersconfidence about achieving the $200-billion target for the financialyear.

He's made tentative investments in the energy and steel sectors, via joint ventures and acquisitions, but the big bang will clearly come when the chairman of the world's largest steel company freezes his plans to set up a mega-steel unit in the country. So, what's stopping him?

Sky-high capacity targets and lollipop tariffs may spur investor frenzy in the nascent solar energy business.

After several deaths and rebirths, disinvestment is back as a big-ticket reform. And the timing is good—it's the only reform that can stimulate demand without straining the fiscal deficit.

There's growing evidence that imports from China may actually be helping the Indian industry-big and small-in manufacturing better quality products or products they earlier couldn't make.

In 10 years, demand for power will touch three times its existing capacity. That poses a challenge for policymakers and an opportunity for investors.

Port investments are continuing apace—for now.

The sheer amount of manufacturing activity taking place in small towns of India is mindboggling. Shops are being set up at breakneck speed and there is massive expansion. Where are these clusters located, and can they really deliver on their promise? Here is what Business Today discovered.

Last week of October, when power ministry closed bids for the 4,000-MW, imported coalbased Krishnapatnam power project, it must have been disappointed to find just three bidders.

The coal ministry has turned coal allocations into a mess.

Returning from the brink of defeat to clinch the crown is a phenomenon common in sport. But last week, it was played out in business. Anil Ambani's Reliance Power Ltd (RPL) bagged the Rs 16,000-crore, 4,000 mw Sasan ultra-mega power project.

The squabbling siblings are facing off once again, and this time the younger brother seems to have got the government to ask probing questions. But there's more to it. Does Mukesh legally have a right over the gas he is pumping out?