DoD shortlists 12 bidders for AI, IA sell off
Department of Disinvestment has issued confidentiality agreements to 12 short-listed bidders for loss-making carriers, Air-India and Indian Airlines on Friday. The Indian Pilots' Guild which had bid for Air India has been knocked off from the race as it did not had the requisite networth.



Microsoft too trims profit forecasts
In an unprecedented earnings warning by the world's largest software company, Microsoft Corp. said on Thursday that its quarterly and yearly profits would fall short of forecasts by 5 to 6% because of a slowdown in sales to consumers and businesses.



Govt to offer 25 oil blocks in sedimentary basins
Govt will offer 25 oilblocks in proven sedimentary basins including eight each in deep water and shallow water for exploration and development to investors under the second round of New Exploration and Licensing Policy on Dec 18.



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