UBS sees the Nifty trading at 12,300 by June 2020 in best case scenario, which implies a gain of over 8 percent from October 3 close of 11,314.
The offers lined up so far barely move the needle
NHPC will hire a consultant to assess feasibility of monetizing a few hydro assets via the limited tender route. NHPC posted a net profit of Rs 2,631 crore on a revenue of Rs 8,161 crore in 2018-19.
Rather than using it as a strategic instrument for disinvestment, the government has used the CPSE ETF like its ATM
Resolution to India’s growth slowdown does not lie in misplaced populism, nationalization and unfettered PSU growth. We need policy responses that recognize the interlinkages in the economy and facilitate entrepreneurship.
For IOC, acquiring BPCL at current market price may not be a bad deal
While in the early stages, the proposal is being studied by the company and Coal Ministry.
The companies which are lined up for initial public offering include THDCIL, RailTel, TCIL, Water & Power Consultancy Services and FCI Aravali Gypsum.
Finance Minister Nirmala Sitharaman set an ambitious target of Rs 105 lakh crore ($15.33 billion) from the sale of stakes in state-run companies, compared with Rs 85,000 crore the previous year, in her budget on July 8 for the fiscal year that began on April 1.
The Finance Minister said she hoped normalcy in the NBFC space would be restored in six to seven months’ time and that the RBI should see NBFCs quickly address the problems
The Budget has done little to spur consumption by way of handouts or tax cuts. That means that the trend of slowing consumption growth could continue
A draft Cabinet note has been circulated on the proposed bailout package for the two PSUs
A Preliminary Information Memorandum (PIM) is likely to be floated in July as the divestment is part of a 100-day agenda.
The progress of privatisation in India has been quite slow, although the disinvestment process accelerated under the NDA 2 regime
In February, the government increased the disinvestment target to Rs 90,000 crore for the financial year 2019-20.
The government has set itself a divestment target of Rs 90,000 crore for the current fiscal
The intent and policy drift are crystal-clear now. The key question then is how can India make room for large entitlement-based transfers?
Fiscal deficit will come at 3.5 percent as against the targeted 3.3 percent on the shortfall in disinvestment mop-up and also the dip in the GST collections, domestic rating agency Care Ratings said Friday.
ONGC Videsh's listing will give investors an opportunity to play a fast growing international oil exploration and production company, a much better play than its parent ONGC
"We would like to bring to your notice that the said development had happened on September 26, 2018. SBI had announced this development on the same date," SBI said in a statement.
With the ongoing volatile equity markets, economy watchers feel the government may miss the target by a large margin unless some alternative steps are pursued in right earnest.
Reliance Nippon Life Asset Management had filed draft papers with of third follow-on offer of CPSE Exchange Traded Fund last month
At the higher price band of Rs 475 per share, IRCON's share is valued at a P/E multiple of 10.9x (to its restated FY18 EPS of Rs 43.8), which shows the issue is attractively priced at current levels, brokerages said.
The funds received from companies via tendering shares may give some respite to the exchequer which is already dealing with stressed finances
While fundamentals are improving, the stock may remain under pressure as a result of the government’s planned divestment