"Cabinet has so far given approval for the disinvestment of four state-run firms - PFC, SAIL, ONGC and HCL. We are in talks with various ministries and working on a roadmap that should be finalised by June-end," Department of Disinvestment additional secretary Siddharth Pradhan said.
Overnight, in the US markets, fear returned to Wall Street.
Aegis, the global outsourcing services arm of Essar Group, on Thursday announced its plans to enter the UK and European markets for the first time, creating 600 new jobs in Manchester.
Under Clause 49, independent directors are required to have at least 50 per cent representation on the board of directors of listed entities, including listed Central Public Sector Enterprises, in case the chairman is an executive member, or at least one-third in case the chairman is non-executive.
In June alone, Rs 13,000 crore (Rs 130 billion) worth shares were released.
The government is hopeful that 5 per cent disinvestment in blue-chip oil company ONGC will be completed by December, although it has advised SAIL to put on hold its share sale for the time being.
Make sure you don't react impulsively and beware of some of common pitfalls while investing in the stock market.
The initial findings, when corroborated with the charges made by the CBI, indicate towards a lage-scale front-running deals or shares being purchased or sold in these companies on the basis of prior knowledge about investment decisions being made by large institutional investors, a senior Sebi official said.
Cashing in on the opportunities galore courtesy the spurt in Indian equities, foreign fund house Citigroup Global Markets has raised about Rs 400 crore (Rs 4 billion) by selling shares of 24 blue chip firms in just nine trading sessions.
With this round of funding, Flipkart's valuation has reached USD 11.6 billion, and US IT major Microsoft joins the marketplace as a strategic investor.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
In Europe, the Sensex will be traded on the Eurex, the region's derivative leader, controlled by German operator Deutsche Brse and SIX Swiss Exchange AG.
Gains were led by realty, auto, capital goods, banking, infrastructure, metals, power, oil & gas, PSU and consumer durables sectors, which rose up to 3.30 per cent.
Investing in the stock market is an art that you need to learn.
The BSE MidCap and SmallCap indices during this period have outperformed the blue-chip indices.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
The declines also tracked the Indian rupee, which fell to a record low as central bank measures to tighten capital outflows and curb gold imports were seen as unlikely to prop up the currency and could even spark further selling if they spook foreign investors.
The Sensex rose 0.44 per cent on Wednesday, while the broader Nifty edged up 0.54 per cent.
The downslide on bourses on wiped off over Rs 1,22,000 crore from the market wealth, including that of company promoters and public investors, as huge losses were seen in blue-chip stocks like RIL, ITC and TCS.
The 30-share barometer of the Bombay Stock Exchange ended the session at 20,303.12, higher by 137.26 points, or 0.68 per cent, with HDFC, RIL, TCS and Hindalco contributing the most.
The housing finance major issued non-convertible debentures and warrants to raise another Rs 4,000.03 crore.
The 50-share NSE Nifty ended flat, up by 9.85 points, or 0.09 per cent, at 10,399.55.
The resort, Barefoot, in which Gopinath owns close to 35 per cent, is spread over seven acres 'in exotic locale' and has 18 villas.
In a major development that will allow Indian investors access to the American market, the National Stock Exchange (NSE) has decided to begin trading in futures contracts of S&P 500 and Dow Jones Industrial Average (DJIA), two of the world's most influential market indices.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Citigroup's Vikram Pandit may have been named among worst CEOs ever in America, but in terms of financial performance for the first quarter of this year, the banking behemoth has emerged as one of the best performers among the US companies run by persons of Indian origin.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The bulk of the erosion in terms of value took place in India's most-valued firms. For instance, Mukesh Ambani-led Reliance Industries alone has lost Rs 3.8 trillion in m-cap, followed by HDFC Bank, which has seen its value erode by Rs 2.45 trillion and Tata Consultancy Services (TCS), which has lost Rs 1.85 trillion to stand at Rs 6.24 trillion, making it India's most-valued.
The 50-share National Stock Exchange index Nifty rose 124.85 points to 4,523.75. It touched the day's high of 4,532.40 and a low of 4,405.95. Major gainers that supported the Sensex were Reliance Industries, Infosys Technologies, ICICI Bank, ITC Ltd and Maruti Suzuki. All the five carry nearly 34 per cent weight on the index.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
On an overall basis, Nomura believes the economic conditions are suited for equity markets. The brokerage is predicting the market performance will be better in the first half of 2020 and "somewhat weaker" in the second half.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Considered, till recently, the "blue-chips" of the estimated $15 billion Indian matrimonial market, the marriage value of non-resident Indian (NRI) and India-based investment bankers is rapidly being eroded.
Not only FMCG companies but even banks, auto, telecom and retail companies are finding it difficult to keep themselves away from the lure.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Noting that Indian firms face a high risk of mark-to-market losses due to a volatile forex market, a brokerage firm has named telecom major Reliance Communications and auto giant Tata Motors among five blue-chip companies estimated to have suffered the most during 2008-09.
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