« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  PAN deadline prompts demat closures... Now, industrial parks to provide I-T holiday... » North Block for selloff in Hind Zinc September, 20th 2006 To avoid a Balco-like situation, the finance ministry has mooted a proposal to sell the government's remaining shares in Hindustan Zinc to the public. A Cabinet note to this effect had been circulated and the Cabinet Committee on Economic Affairs was likely to take up the matter at its next meeting, official sources said. The government wants to sell its stake in the company before April, since after that, Sterlite, the strategic partner in Hindustan Zinc, can buy the stake through a call option. In the case of Balco, Sterlites use of the call option landed the government in a legal wrangle. The matter is now being heard by the Delhi High Court and the government has set up a secretarial panel to look into it. The government has a 29.53 per cent stake in Hindustan Zinc and going by the current price of about Rs 584 per share, it could mop up over Rs 7,200 crore.