UPDATE 1-India defers decision on engineering, car firm sales

Newswire

(Adds details, analyst comments) By Unni Krishnan NEW DELHI, Jan 27 (Reuters) - India deferred on Thursday a decision on plans to sell stakes in engineering firm BHEL and carmaker Maruti Udyog Ltd, a move analysts saw as bowing to pressure from the government's communist allies. The government had announced plans to sell a 10 percent stake in Bharat Heavy Electricals Ltd and up to 8 percent in Maruti as part of its privatisation drive aimed at raising funds to bridge its huge deficit ...

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