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Govt clears 26% strategic sale in defence equipment manufacturer BEML

Govt clears 26% strategic sale in defence equipment manufacturer BEML

Government will sell 26 percent stake in defence equipment manufacturer BEML, making it the first major PSU to be sold through strategic disinvestment, which may fetch the exchequer over Rs 1,000 crore.


BEML touches 52-week high on DMRC order

BEML shares Thursday surged to their 52-week high on the bourses after the defence PSU said it has bagged orders worth Rs 645 crore from Delhi Metro Rail Corporation (DMRC).

Infra, realty stocks gain ground on land acquisition ordinance

Shares of infrastructure, realty and defence companies gained ground on Tuesday after the government recommended promulgation of an ordinance making significant changes in the Land Acquisition Act.

Defence stocks jump as govt approves projects worth Rs 80K cr

Shares of companies involved in defence sector rallied as much as 8.6 per cent today after projects worth a whopping Rs 80,000 crore were cleared by the government.

Tatra case: Court to consider CBI's closure report on Oct 13

A special court Thursday sought some clarifications from CBI on its closure report filed in the case related to alleged irregularities in the supply of all-terrain Tatra vehicles to the Army.

Tatra case: Court to consider CBI's closure report on October 7

A Delhi court on Wednesday fixed October 7 for considering the closure report filed by CBI in the case relating to alleged irregularities in supply of all-terrain Tatra vehicles to the Indian Army.

Defence firms pare early gains; down over 2% on profit-booking

Paring their initial gains, shares of defence equipment makers ended with losses Thursday, down more than 2 percent, mainly on profit-booking in an overall weak stock market.

Free fall for PSU stocks this calendar bad news for further divestment

With a single trading session left to mark the completion of January- March quarter of 2013, PSU stocks have nosedived and performed poorly on the bourses.

Defence Ministry consults CBI on BEML issue

The Defence Ministry is consulting the CBI on a plea for reinstatement by suspended BEML chief VRS Natarajan who has refuted corruption and other charges against him.

Tatra scam: BEML had technology yet depended on Rishi`s firm

Probing the Tatra scam, CBI has claimed to have laid its hands on crucial records showing that BEML top brass had insisted on getting technology from Ravinder Rishi`s firm that was already available with the PSU a decade back.

Tatra asked BEML to do away with agents and offered discount

CBI sources said they have recovered the letter, a crucial evidence, from an official of Tatra offering the deal in 1994 and is now trying to find if there was any sabotage.

Tatra scam: CBI to inspect BEML facilities again

The CBI is likely to carry out another round of inspection of BEML facilities.

Three independent directors of BEML no longer on Board

Three of BEML's part-time and non-official directors are no longer on its Board, the defence public sector undertaking on Friday informed the Bombay Stock Exchange (BSE).

Tatra deal faced objections from Defence Min

BEML-Tatra deal had faced objections from senior Defence Ministry officials over lack of indigenisation and other issues related to Czech all-terrain vehicles but still the PSU managed to keep on supplying them to Army.

BEML probe scope widened

The scope of investigations into the allegations of bribery in defence supplies through state-owned BEML is likely to be widened beyond the probe now going on against suspended CMD V R S Natarajan.

Tatra trucks row: BEML probe scope widened

The issue had come to fore after former Army Chief Gen VK Singh alleged that he was offered a bribe of Rs 14 crore by a retired officer to clear a deal for procuring 600 Tatra trucks for the Army.

Tatra deal: CBI to chargesheet Natarajan?

The CBI may a file a chargesheet against the suspended BEML chief VRS Natarajan on Wednesday in connection with the controversial Tatra trucks deal case.

BJP asks govt to come clear on BEML case

BJP on Monday demanded government hold a proper inquiry into the whole issue and make clear its stand on the matter.

CPI-M welcomes suspension of BEML chief

The CPI-M on Monday welcomed the suspension of BEML chief VRS Natarajan in connection with the Tatra truck deal saying it is "good" that the Defence Ministry has taken this action.

Tatra deal: MoD suspends BEML chief Natarajan

The Ministry of Defence on Monday suspended defence sector PSU BEML`s CMD VRS Natarajan for his alleged role in the controversial Tatra trucks deal.