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FM promises higher spending, stable Re
Union finance minister Yashwant Sinha has indicated that his first priority would be to revive the economy by spurring spending both in the public and private sectors, stabilising the rupee and channelising foreign investment in critical areas.
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Pepping exports top on Hegde's agenda
The new government will accord the highest priority to the task of accelerating exports, Union commerce minister Ramakrishna Hegde indicated after assuming office on Friday.
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Sterlite hikes offer to Rs 115
Sterlite Industries on Friday revised its offer price for picking up a 20% stake in Indian Aluminium (Indal) to Rs 115 per share from Rs 90 offered earlier -- Rs 10 more than the Rs 105 counter bid made by Alcan Aluminium, the principal shareholder of Indal.
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Bakht against FDI in consumer goods
Union industry minister Sikandar Bakht on Friday said the government would discourage foreign direct investment (FDI) in the consumer goods sector as the industry needed protection in this area. "In consumer goods sector, industry needs protection. The nation's interest lies here," Bakht said.
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