While the current valuation of IDBI Bank is pricing in the improvements in operating metrics and profitability, there can be further upside, driven by the potential sale of bank
Finance Minister Arun Jaitley will unveil Budget 2017 at 11 am today. Market will watch for government‘s FY18 fiscal deficit target, divestment plans, announcement on the taxation front and a lot more. Shereen Bhan of CNBC-TV18 has details on what is the buzz on North block.
Miffed at government's divestment plans, ace investor Rakesh Jhunjhunwala offers help to come up with a roadmap even if it means he would have to stay away from investing in public sector stocks.
In a statement today, SEBI chairman UK Sinha said that the securities transaction tax (STT) is too high and needs to be reviewed. Deena Mehta, the managing director of Asit C Mehta Investments Ltd is also of the same view.