With the prospects of conducting ONGC stake sale getting grimmer and an urgent need to achieve its FY15 disinvestment, the government has lined-up stake sale in four state-owned companies – Indian Oil Corporation (IOC), Bharat Heavy Electricals (BHEL), National Aluminium (Nalco), and Dredging Corporation (DCIL) for the current financial year.

On Thursday, the department of disinvestment (DoD) floated proposals seeking merchant bankers’ assistance in selling 10% stake each in IOC as well as Nalco, and 5% stake each in BHEL and DCIL.

Mumbai: State Bank of India (SBI) on Friday said it has signed a loan agreement for €100 million with the European Investment Bank (EIB), a long-term lending institution of the European Union.

The loan will be utilised for lending to private businesses in India, SBI said in a statement.

DAVOS: Finance Minister Arun Jaitley on Friday hinted at not raising tax rates and providing incentives to manufacturing in the coming Budget while asserting that " structural changes" will have to be made to get the economy to 8-9% growth.

Hard-selling India to global investors at the World Economic Forum here, he also promised a stable tax regime that will not come up with unreasonable demand and change taxes retrospectively.

MUMBAI: The Maharashtra Coastal Zone Management Authority (MCZMA) has permitted Air India to reinstall the logo on top of its building at Nariman Point.

A high-level meeting of the MCZMA presided over by its chairman and environment secretary Ajoy Mehta approved a record number of 35 proposals, including the re-installation of the Air India logo and proposed rerouting of the Mumbai-Manmad pipeline section passing through the Vashi creek, Ulhas river and its streams.

Tata Motors-owned Jaguar Land Rover (JLR) has helped Britain clock up its best car production data in years with the luxury car maker rolling off nearly 4,50,000 vehicles of total 1.5 million produced in the country last year, the highest since 2007.

Car plants across the UK produced more than 1.5 million vehicles last year with JLR rolling off 4,49,507 vehicles from its three plants in Castle Bromwich, Halewood and Solihull in northern England.

Aiming to expand its userbase, popular messaging app WhatsApp has unveiled its web browser version that allows users to access it on their personal computers.

With over 600 million users globally, WhatsApp till now was available only on smartphones across operating systems Android, iOS, Windows and BlackBerry.

CHENNAI: Mercedes-Benz India has launched its luxury sedan, the CLA-Class, which sets a new benchmark in the segment in terms of styling, size and aerodynamics.

With its surging lines and energetic, expressive surfaces, the CLA captures the attention and does not let go. Its looks do not just set the pulse racing, but they also give the CLA-Class the lowest drag coefficient of any production car in the world.

The Congress and Aam Aadmi Party (AAP) were struggling to come to terms with seeming internal dissension on Thursday. The Congress leadership was upset with senior leader Janardan Dwivedi’s ostensible praise of Prime Minister Narendra Modi. AAP leaders resented the laudatory comments by party founder Shanti Bhushan for former colleague Kiran Bedi and criticism of party chief Arvind Kejriwal.

The Securities and Exchange Board of India (Sebi) through a board of directors meeting on Thursday, eased its recently introduced delisting regulations.

The regulator had asked acquirers to garner shares from 25 of every 100 shareholders in a company, irrespective of the amount of stake they held. It has now said this would not be applicable if it can be shown that all shareholders were contacted.

ICICI Bank chief Chanda Kochhar on Thursday said investors are looking for ‘continuous and quick decision-making’ as also for the capital investment plans of the government in various areas, including infrastructure.

Here to attend the World Economic Forum Annual meeting, Kochhar said everyone is also looking forward to the finalisation of the GST legislation and further steps to improve ease of doing business and enhance investments.

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