It’s time the government found a mechanism to log out and use the saved resources for healthcare and education.
30 companies are yet to comply with this norm including Coal India. PSUs are getting an extension for complying these norms and the final deadline is expiring in August next year
Valuation in the information technology sector is favourable but challenges in terms of earnings and uncertainty on Trump‘s policies make them good picks only on bad days, says Nischal Maheshwari, Head - Institutional Equities at Edelweiss Securities.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com says he remains bearish on public sector banks till F&O expiry. He also explains why he is bullish on sugar stocks and shares his views on cement stocks.
Earlier, in March 2016, an interim dividend of Rs 67.62 crore was paid for 2015-16. The total dividend paid by the PSU for 2015-16 is Rs 168.97 crore, according to an official release.
The national airports operator, which manages 125 airports, including 18 international ones, had achieved a record turnover of Rs 10,825 crore in the fiscal year ending March 2016. Indian carriers flew 21.6 percent more passengers last fiscal on account of cheaper airfares due to low fuel prices as compared to 2014-15.
In accordance with its plan to dilute share in public sector undertakings (PSUs), the government is now looking to sell some of its stake in NMDC, NALCO, BHEL via offer for sale (OFS) route.
About 3.67 lakh eligible employees would receive bonus of a minimum Rs 8,400 up to Rs 16,800 per month for the period 2015-16, a press release from Chief Minister's Office said.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Bharat Petroleum Corporation and Tata Steel and sell Infosys.
The order is to be executed within five months.
Speaking about JustDial, SP Tulsian of sptulsian.com said, "Things are looking quite weak on the fundamentals. I continue to have my negative view on the stock and I won't be surprised to see it falling further from here on by about 20-30 percent".
The price action seen in the stock market suggests it is tiring but traders should respect the screen and stay on the "liquidity gravy train" or they risk being blindsided by it, says CNBC-TV18 Consulting Editor Udayan Mukherjee.
Niraj Dalal, Founding Partner of 3A Capital Advisors is bullish on Delta Corp, Tata Global Beverages and public sector undertaking (PSU) banks. He expects to see significant traction in Dish TV's subscriber numbers and profit after tax (PAT) in next two-three quarters.
In an interview with CNBC-TV18, Arundhati Bhattacharya said that banks loan growth is not solely dependent on capitalization but rather on acquiring good projects.
All public sector undertaking (PSU) banks are looking to go higher and the current rally in PSB stocks has more 10-15 percent further to go up, says market expert Ashwani Gujral.
Ambareesh Baliga, an Independent Market Expert, discussed market with CNBC-TV18's Latha Venkatesh & Sonia Shenoy and also shared his views on various stocks and sectors.
As Nifty inches towards the 8000 mark, market expert Ashwini Gujral advices short term traders to book profits as the index reaches 7950.
Anup Bagchi, MD and CEO of ICICI Securities told CNBC-TV18 that although the valuation of PSU banks is attractive at current levels but he will wait a couple of quarters before buying into PSU stocks.
Mines Ministry has told Finance Ministry that selling government's stake in Vedanta-controlled Hindustan Zinc (HZL) is not a "wise move" as it is the only firm in India controlling production of the metal, considered strategic due to its large scale industrial utility.
Sudarshan Sukhani of s2analytics.com advises selling Union Bank of India.
The National Highways Authority of India will start the sale of tax-free bonds on Thursday, December 17 with a plan to raise Rs 10,000 crore. The issue closes on December 31.
Hemant Thukral of Aditya Birla Money is of the view that Punjab National Bank has strong support at Rs 118-119.
Manish Gunwani, senior fund manager at ICICI Prudential AMC believes dollar trajectory will be the key variable in the short-term
Some Foreign Institutional Investor (FII) cash selling will continue for the time being, Amit Gupta of ICICI Direct tells CNBC-TV18.
Gautam Chhaochharia of UBS expects a cyclical recovery to play out next year with falling interest rates acting as the big catalyst. UBS expects FY16 earnings at 8 percent, FY17 at 16 percent. He pegs year-end target for Nifty at 8200.