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Popular Articles

Festive season sales push up retail targets
This festive season has been successful enough in pushing sales for companies to revise upwards their year-end targets. A survey by the Federation of Indian Chambers of Commerce and Industry (Ficci) says demand conditions have improved across sectors.

Haldia Petro expansion viable, says report
Lender have agreed to fund Haldia Petrochemicals" expansion plan, which had suffered cost and time overrun, as a study has found the project viable.

News of the day

Chevrolet unveils cruze in Chandigarh
General Motors India unveiled the all new Chevrolet Cruze diesel model in Chandigarh. The car will be available in two variants - LT & LTZ. With the launch of this model, it expects that by the end of this year, it would be able to achieve a growth of 11-12 per cent over the previous year.
Public Relations

Satluj Jal Vidyut IPO likely in next fiscal: CMD

Public sector hydropower producer Satluj Jal Vidyut Nigam (SJVN) today said its proposed initial public offer is likely to come in the next fiscal and the company is in the process of appointing independent directors, a prerequisite for firms planning to hit the market. - Govt okays stake sale in power firms - Govt approves 10% divestment in SJVN - Govt mulls 10% stake sale in SJVN - Govt to divest 10% stake in Satluj Jal Vidyut Nigam - Nathpa hydro project targets 6,600 mn units - Govt mulls 10% stake sale in SJVN "First of all we will appoint independent directors and the process may spill over next fiscal," SJVN Chairman and Managing Director (CMD) H K Sharma told reporters here on the sidelines of a power function. According to Sebi norms, if a company has an executive chairman, it must have half the board as independent directors to be able to go for an IPO. SJVN is a joint venture between the Centre and the Himachal Pradesh government. The Centre holds 75 per cent stake in the JV, while the rest is owned by the state government. Last month, the government had approved sale of its 10 per cent stake in the state-run power generator.


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