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Divestment blueprint for 2 years by March
The Centre is likely to prepare a blueprint for its disinvestment process for the next two years by the end of this financial year. At present, there are 61 unlisted profit-making public sector undertakings (PSUs) and 10 listed PSUs where the government could look to dilute its stake.

UniverCell plans 700 stores
Chennai-based mobile retail chain, UniverCell, will be opening 700 stores across the country in the next two years. Each outlet will entail an investment of Rs 28 lakh.

News of the day

Recession-hit tourism sector looks up to CWG
Terror threat, swine flu scare and hike in air fares hit the tourism sector hard in 2009 with number of foreigners visiting the country dropping by over six per cent but the Tourism Ministry is now looking up to the Commonwealth Games (CWG) to reverse the trend.
Small Business

Ashtavinayak wipes gains, slips 4%

The stock erased all its gains and finally settled 4% lower at Rs 90. The counter witnessed trades of 14 lakh shares as compared to the two-week dialy average traded volumes of 10.41 shares on the BSE. ____________________________________________________ UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The stock opened at Rs 92.50 and surged 5% to a high of Rs 97.30. The stock is now trading at Rs 94.50 - up 1.2%. Over 6.95 lakh shares gave been traded on the BSE so far. The film production company plans to invest Rs 457 crore to expand its movie entertainment business. It has formed two subsidiaries for the same purpose. They intend to raise Rs 300 crore through the subsidiaries. Recently, the shareholders had approved a 4:1 bonus issue.


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