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FinMin keen on ONGC, Indian Oil FPOs
The finance ministry is keen on selling stakes in Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation (IOC), but follow-on public offers (FPOs) in the two bluechip public sector units (PSUs) are unlikely, as unresolved issues are affecting valuations. Disinvestment Secretary Sunil Mitra last month wrote to his counterpart in the petroleum ministry, R S Pandey, seeking comments on “public offerings from the government’s shareholding” in ONGC and IOC. The petroleum ministry is of the view that raising funds from the capital market was not prudent till issues like fuel pricing and subsidies were resolved, which were affecting share prices of ONGC and IOC, sources in the know said.

Rupee gains 15 paise at 46.09/$ in early trade
The rupee today appreciated by 15 paise to 46.09 a dollar in early trade on sustained capital inflows into stock markets.

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Egypt woos Bollywood
After Switzerland, South Africa, New York and Hong Kong, it is Egypt that is now looking at grabbing a piece of the Bollywood film action.
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Letters: Justice delivered

Finally, after all these years, the soul of Ruchika Girotra will get some rest. The Central government has stripped SPS Rathore of his police medal and the Haryana Police has slapped an abetment to suicide case against Rathore. Some action now needs to be taken against those policemen and other officials who aided and abetted him in his nefarious deals. The policemen who filed fake charges against Ruchika’s brother must have known they were fake charges, and yet they went along. If complete justice is to be done, these men must also be punished. - Crime and punishment - Sunil Jain: Media"s decade">Sunil Jain: Media"s decade - Rathore granted interim bail till Jan 7 - Ruchika case: Rathore goes to court to meet his lawyer - Govt may blacklist ethanol makers on failure to supply to OMCs - Cooperating for cooperatives It is unfortunate that such rot has set in amongst the police forces, and this is why the government has to mete out exemplary punishment — if Indian citizens start mistrusting the police, then it will be a very sad day in the country’s history. Ratna Jain, New Delhi


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