Tamil Nadu Chief Minister J Jayalalithaa has urged Prime Minister Manmohan Singh not to sell 5% stake in Neyveli Lignite Corporation (NLC) to private parties. Instead, she has offered to buy the stake through Tamil Nadu's public sector undertakings.

The Union Government currently owns 93.5% stake in NLC. Last week, the Cabinet Committee on Economic Affairs cleared the divestment plan through the offer for sale route that could potentially fetch more than Rs 460 core. Read More

Jyothi Shankaran

    Jyothi’s last role was as Senior Editor with the business news channel Bloomberg TV India. He also worked as News Editor at business-standard.com, the online version of the business newspaper Business Standard. Jyothi is a chemical engineer from the Regional Engineering College, Srinagar.