Heavy Industries and Public Enterprises Minister Praful Patel today said there is no immediate plan to divest government stake in power equ...

After clearing the financial package for Scooters India, the central government may take up another 10 to 11 sick PSUs for reviving them.

The Cabinet also decided to hike salaries of employees of the two-wheeler maker. Their retirement age has also been increased to 60 years.

The automobile company, which has about 1,200 regular employees, has been incurring losses since 2002-03. In March 2009, the company was de...

The Department of Heavy Industries (DHI) had proposed a revival package of more than Rs 200 crore.

The government today deferred a proposal for the revival of sick PSU, Scooters India Ltd (SIL) due to absence heavy Industries and Public E...

"The Cabinet is expected to take up the proposal for revival of SIL through cash and non-cash assistance," said the source.

The Department of Heavy Industry had proposed a revival package of more than Rs 200 crore for revival of the company, sources said.

Amid volatile market conditions, the government has put on hold the strategic sale of sick PSU Scooters India Ltd (SIL).

State-owned Scooters India today posted a net loss of Rs 4.01 crore for the quarter ended June 30, 2011.

Electric two-wheeler maker Lohia Auto today said it will be in the race to acquire beleaguered public sector firm, Scooters India in which ...

The disinvestment proposal was approved at a cabinet meeting chaired by Prime Minister Manmohan Singh.

Italian two-wheeler maker Lambretta Consortium today said it will seek claim of over ten million euros (about Rs 60 crore) from Scooters In...