Arunish Chawla says CPSEs met capital spending targets in FY25 and are on track for next year as well
Government needs to get out of cycle of NPAs and recapitalisation, Panagariya said
Average fatalities were the highest in oil, gas, energy, and allied services at 5. Further, average fatalities were at 1.7 for services and 1.3 for utilities, said the report.
The next set of cues for the domestic markets will be found in the full Union Budget, which will be presented in early July 2024, said Nomura.
Stocks influenced by the government's economic agenda have risen sharply over the past year, and the trend is likely to continue.
Overall, India Inc's corporate governance scores improved over the past five years despite the more stringent benchmarks, noted the advisory, in its latest report.
The Ministry has sought feedback until March 20, 2024.
Sitharaman was speaking at the Pandit Hriday Nath Kunzru Memorial Lecture in Delhi's JNU.
From their respective all-time highs which were made in past couple of months for majority of the PSU stocks, the stocks are down anywhere between 10 percent to 25 percent with railways PSU stocks taking the maximum brunt of the price correction, followed by PSU power and defense sector stocks.
Among the PSUs in the OFS pipeline are Indian Railway Finance Corporation, Ircon International, Mazagon Dock Shipbuilders Limited and NLC India Limited.
Higher pay for PSU bankers would not only recognise their efforts but also motivate them to excel in risk management
Non-financial PSUs such as ONGC, Coal India, ONGC, NTPC and PowerGrid Corp are likely to give about Rs 45,000 crore to the government for FY23.
Finance Minister Nirmala Sitharaman chaired the meeting to review the performance of Public Sector Banks on various financial, efficiency, and health parameters on March 25, 2023.
The exemption would apply on these entities regardless of the government's direct or indirect holding.
Market regulator Sebi recently announced a slew of changes to the existing regime for equity capital market deals like IPOs, REITs/INVITs, OFS and even PSU open offers. Sebi chairperspon Madhabi Puri Buch is batting for greater liberalization & flexibility blended with greater scrutiny which means more disclosures for IPOs, the option of confidential filings and a push for the OFS and REIT’s mechanism. Moneycontrol’s Ashwin Mohan speaks to top capital market lawyers Prashant Gupta of Shardul Amarchand Mangaldas and Yash Ashar of Cyril Amarchand Mangaldas to analyse the impact on corporates, investors and more.
The finance minister's comments come as the public sector readies itself for the entry of private companies in all sectors, including the four strategic sectors specified by the new PSE policy.
Coming up on markets with #SantoAndCJ at 3 PM | #ICYMI What early 2000s can tell you about bear market rallies? Also, Santo & CJ’s take on DLF, 3M India, Atul Auto, Sudarshan Chemicals and Granules India.
Nifty 50 closed above the 20 DMA on Friday and is likely to cross the 16,400 level. Also, know why Santo and CJ are tracking M&M, JSW Steel, Tata Power, TNS Clothing, and Nykaa.
The companies have doubled the presence of independent directors on their board in a year
Defence stocks as a basket has outperformed recently. Companies, particularly the PSUs, are sitting on huge orders that are supposed to be delivered over the next 4-5 years, providing strong revenue visibility. Does this make defence stocks a bet for long term? Watch here to find out which stocks look attractive
The company had signed a MoU in February this year with Foxconn to form a joint venture to manufacture semiconductors in India.
Rising commodity prices, economic recovery is pushing up PSU stocks
Rail Vikas Nigam is to merge with Indian Railway Construction, RailTel with Indian Railway Catering and Tourism and Braithwaite with Rail India Technical and Economic Services.
With the equity market getting overheated, there are very few pockets left for value investing and PSUs are among these set of companies