Indian shares skidded to their lowest close in three-and-a-half months early this week, before paring losses, as Europe's sovereign debt woes sparked worries of larger foreign fund outflows, casting doubts over the government's ability to complete its stake sale plans.
Foreigners have withdrawn .3 billion from Indian equities so far in May in their biggest pullout since October 2008.
India plans to sell minority stakes in about 60 state companies over the next few years to help bridge its fiscal deficit and raise funds for social programmes for the poor.
Engineers India, Coal India, Steel Authority (SAIL.
Elaborating, he said the company would offer increments in June and they are looking at overall recruitment of 30,000 in this financial year. On expansion plans he said, the company is looking for additional facility in Bangalore.
"Yes we are looking at additional facility in Bangalore and as soon as something is lined up we can talk about it," he said but declined to elaborate.
"Our European exposure is mostly to Britain, Switzerland, Germany, France and to the Nordic countries and about 25 per cent of our revenues come from Europe," he said.It such an irony considering more than a decade ago, everyone thought Apple was down and out and Microsoft had to infuse in some much needed funds to get them going.During that time, the value of Microsoft was five times more than Apple."First of all, Ministry of Petroleum has to take a call on that.It is too early to talk about it," Bose said in his office.