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DIVESTMENT DRIVE
Stocks in news: Waaree Energies, Kotak Bank, HDFC Bank, Strides Pharma, Persistent SystemsIndian markets showed volatility, ending nearly flat despite positive signals. Analysts note Nifty faces resistance from key moving average...
Govt fundraising drive hits high gearThe government's push for non-tax revenue is off to a strong start, with public asset monetisation nearing 30% of last fiscal year's total ...
Buy, Sell or Hold: Morgan Stanley initiates coverage on Hindalco; Emkay Global downgrades Hitachi EnergyBrokerages show mixed views on metals, mining, and power equipment stocks. Morgan Stanley initiated coverage on Hindalco with an 'Overweigh...
Kerala’s healthcare gold rush: How private equity is reshaping hospitals and raising fears over costsPrivate equity funds are pouring hundreds of millions of dollars into Kerala’s healthcare sector, reshaping a system long dominated by inde...
Buy, Sell or Hold: Elara Capital maintains a buy rating on Oil India; Goldman Sachs retains a buy rating on JSW SteelBrokerage firms are optimistic about specific market segments. Strong earnings, supportive policies, and better balance sheets are driving ...
Cboe to cut staff by 20% as exchange operator sharpens focus on core businessCboe Global Markets' CEO Craig Donohue on Friday outlined plans to sharpen the exchange operator's focus on key businesses, including a 20%...
ET Prime Special Series: Multibagger or Bankrupt - Part 56: An acquisition, a divestment, and a JV for EV. Ready for re-rating?Bulls argue this company is becoming a complete mobility-platform supplier in India: Power solutions and aftermarket, braking and safety. B...
US stocks: Honeywell forecasts second-quarter revenue below estimates over Middle East conflictHoneywell on Thursday forecast second-quarter revenue below Wall Street estimates as conflict in the Middle East weighed on the U.S. indust...
Will Budget 2024 care to sell family silver as privatisation drive flops?The government is likely to miss its divestment targets for the fifth consecutive year, raising concerns about its privatisation plans. Dat...
Will LIC IPO happen in FY22? Analysts expect lower divestment target in BudgetAnalysts have projected the divestment target for FY21 at around Rs 40,000-70,000 crore against the ambitious goal of Rs 2.1 lakh crore tar...
PSUs will play a huge role in getting growth back on track: Gurmeet Chadha‘PSUs will help drive capex and generate jobs’
Earnings, global sentiment and flows are key triggers for market now: Hemang Jani, SharekhanAmong cues that we could be looking at for the next broader move of the market,earnings would be on top of mind. People would start talking...
Over 80 per cent Indian firms plan divestment in next 2 years: ReportAccording to the report, titled 'India Divestment Study', 67 per cent expect large-scale transformational divestments in the next 12 months.
How a building in Mumbai is helping Air India stay afloatThough government failed to find a single bidder for the debt-ridden national carrier, each floor of the 23-floors Air India tower is a cas...
Fall in commodity prices, divestment to put pressure on CIL, OMC stocks: Ajay Bodke'Therefore, the pressure to ensure that the target is reached in full, unlike last year when there was a large deficiency, will be there.'
Story of Tata Group under Cyrus Mistry: Keep an eye firmly on profits; sell stuff it has no use ofThe current phase at the Tata group, with plenty of assets on sale, is a perfect contrast with the acquisition-fuelled decade of the 2000s.
- Expect FDI in retail to get postponed in current parliamentary session: Dhananjay Sinha, Emkay Global
"As far as FDI is concerned, it is a matter of policy which needs to be rectified by the Parliament", Dhananjay Sinha said.
- Indian market is fairly valued: Amit Bhartia, Partner, GMO
In an interview with ET Now, Amit Bhartia, Partner, GMO, talks about the emerging markets and the current divestment drive. Excerpts :
- Divestment may bring in Rs 32,500 cr in 3 months
proceeds to be more than 55% of what govt raised since 1991.
- It's all in the papers: sell-off takes a new route
All's not gloomy on the disinvestment front. Sale of government holding in PSUs will continue, though the strategies for divestment of shar...