PSU closure: Govt sets in motion new move after years wasted in stop-start processThe Centre is pushing ministries to accelerate the closure of unprofitable state-owned companies. Progress has been slow despite a policy a...
Laurence Balanco flags 5% downside risk for Nifty amid global yield surgeGlobal financial markets are experiencing a risk-off shift driven by rising sovereign bond yields, impacting equities and commodities. Mark...
Bulls back on D-St! Sensex rallies over 940 pts, Nifty closes above 24,330. Here's whyIndian stock markets surged over 1% on Wednesday, with the Sensex and Nifty reversing early losses. This rebound was triggered by a report ...
Ceasefire not good for stock market? BNP Paribas cuts Nifty target for 2026, but picks 9 stocksBNP Paribas turned cautious on India’s markets after the crude spike, cutting its 2026 Nifty target to 25,500 and warning of fiscal and ear...
Buying the Dip: Chakri Lokapriya bets on financials, IT and cyclical revivalMarket volatility presents a chance for investors. Chakri Lokapriya, CIO-Equities at LGT Wealth, highlights opportunities in financials, IT...
Rs 61,000 crore FII sell-off hits bank stocks. Cheap enough for you to buy now?Foreign investors divested a massive Rs 60,655 crore from Indian bank stocks in March, a significant portion of their total equity withdraw...
PSUs to be allowed to carry forward losses accumulated prior to divestment: CBDTThis will make disinvestment deals of ailing PSUs more attractive for strategic investors. Under normal tax provisions without this relaxat...
Budget 2019 allocates Rs 70,000 crore to PSU banks. Will banking sector funds gain?Finance minister Nirmala Sitharaman announced this move to boost credit in the ailing PSU banks.
Govt may create holding firm for banks to issue recapitalisation bondsSources say this holding co structure is the most preferred option as of now.
Govt to infuse Rs 2.11 lakh crore into public sector banksThe government said Rs 76,000 crore for the package will come as budgetary support.
Government invites application for Director (Finance) in Scooters IndiaScooters India Ltd, was incorporated in 1972 with the objective to manufacture two-wheelers and three-wheelers and is headquarterd at Luckn...
Government likely to infuse Rs 500 crore to revive ITIGovernment holds majority equity stake in ITI Ltd and the company was referred to the BIFR in 2004-05 and declared a sick company.
Shares of Fertilizers and Chemicals Travancore rally over 6% on hopes of revivalThe company scrip soared 7.59 per cent to Rs 43.20 in intra-day trade at the BSE. It finally ended at Rs 42.30, up 5.35 per cent from its p...
- BSNL employees seek PM's help; demand change of top brass
Upset by deteriorating market share and falling revenues, the employees' associations of BSNL have sought Prime Minister Manmohan Singh's i...
- Ailing pharma PSU awaits Rs 761 cr bailout
The government is likely to expedite the revival plan of sick pharmaceutical public sector unit Indian Drugs and Pharmaceuticals Ltd (IDPL)...
- Shipping Ministry proposes Andrew Yule units merger with BHEL
The Shipping, Road Transport and Highways Ministry has proposed merger of two Chennai units of ailing PSU Andrew Yule & Co with Bharat Heav...
- BHEL's BHPV acquisition to come at a cost
Power equipment major BHEL may have to shell out an additional Rs 402 crore for acquiring the ailing Bharat Heavy Plates and Vessels as the...