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Thursday, June 10, 2010

Govt defers decision on stake sale in state firms

The cabinet on Thursday deferred a decision to sell stake in state-run Coal India and miner Hindustan Copper Ltd(HCPR.BO) , Mines Minister B.K. Handique told reporters.

India is planning to sell stake in the two firms as part of a plan to offload holdings in 60 state firms in coming years.

The government is targeting to garner 400 billion rupees ($8.5 billion) via stake sales in state firms in the fiscal year that began on April 1.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Jun 09
24h Whit Monday 0
04:15 Manufacturing Sales 1 1.1%
19:30 Wholesale Inventories 1 0% 0%
21:00 3-Month Bill Auction 1 4.25%
21:00 6-Month Bill Auction 1 4.15%
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