Nath, a nine-time MP from Chhindwara seat and currently president of state Congress unit, will take oath at a grand function to be held at Jamboree Maidan in BHEL area instead of Lal Parade Ground as announced earlier.
Traditionally, most PSUs have been cash-rich, which added to their value. However, the government has been tapping regularly into their cash resources to boost revenue for the exchequer
If cleared, the ONGC arm will become the first subsidiary company of an existing Maharatna to get into this superior league among government-owned entities.
The amount is around a fifth of the cumulative investment in fixed assets by these companies.
In a bid to strengthen their bilateral economic ties, India and Indonesia plan to explore opportunities for co-operation in oil and gas, and railway sectors, among other areas.
The government has merged the Department of Public Enterprises (DPE) with the finance ministry to give it a better control over state-owned firms and facilitate its ambitious privatisation programme. Finance ministry will now have six departments while DPE's hereto parent ministry, the ministry of heavy industries and public enterprises will now be called the ministry of heavy industries. Previously, the disinvestment ministry - created under the Atal Bihari Vajpayee government - was merged with the finance ministry and is now a department under it. Also, Foreign Investment Promotion Board (FIPB) was abolished and administration of foreign investments was given to the finance ministry (FinMin).
Stock markets are expected to remain under pressure this week due to the overhang of US presidential polls and uncertainty over global growth due to resurging cases of coronavirus, according to analysts.
Do you have a favourite street food in Mumbai? Tell us about it!
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
There is a lot of optimism as regards the defence, railway and manufacturing sectors.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Around 75 per cent, or 372 stocks, that are part of the BSE500 are trading at least 10 per cent below their all-time high levels, despite the index hitting a record high 20,515 points on the BSE in intra-day trade on Wednesday, surpassing its previous high of 20,390 touched in March 12. The index, which accounts for 93 per cent of BSE listed companies' market capitalisation, has gained 8 per cent from its recent low of 18,983, touched on April 19. In comparison, the benchmark S&P BSE Sensex gained 6 per cent over the same period, but is still nearly 4.5 per cent away from its all-time high of 52,517 that it hit on February 16.
The meeting of the Left parties comes in the wake of the letter written to them by UPA Chairperson Sonia Gandhi, conveying the government's decision that the BHEL disinvestment has been kept in abeyance.
The Rs 63,000-cr Mumbai-Ahmedabad high-speed corridor and Rs 14,000-cr CSTM-Panvel suburban corridor are two of the largest projects.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Christmas was celebrated across the country on Saturday, but the festivities were low-key for the second year in a row due to Covid, with churches and other events witnessing lower footfalls, people avoiding large get-togethers and the administration in some areas imposing certain curbs.
In 2008, the 13 companies on the list accounted for 34 per cent of the overall m-cap.
Devotees who have taken the anti-Covid vaccination will have to show their certificates and follow the anti-Covid guidelines like wearing masks, maintaining social distancing and frequently undertaking hand sanitization in the Kumbh Kshetra.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Capital goods stocks rallied nearly 16 per cent since January on purchases by foreign institutional investors and in anticipation of a change of government at the Centre.
'I love beaches and hence I love my swimsuits.'
The corridor is expected to attract around Rs 1,250 billion investment and create 4,00,000 jobs. It will start from Mysore, pass through Bengaluru in Karnataka, to connect with Chennai, Coimbatore, Salem and Tiruchy in Tamil Nadu.
All brides-to-be out there, say goodbye to singlehood in style just like the future Mrs Jonas.
Govt seems to bullish to meet its disinvestment target in current fiscal.
According to government data, the Centre procured only 35,179 ventilators out of the 50,000 originally ordered.
Top companies added employees at 3% CAGR from 2003-04 to 2013-14, while revenues grew at 18%.
Customers won't shift to electric cars until there is countrywide infrastructure for charging stations, which should be as spread out as petrol pumps now. Two, the price of the lithium ion battery, which constitutes 30 to 40 per cent of the cost of an electric car, has to fall substantially, so that the vehicle is as affordable as a gasoline one.
When Hitesh Harisinghani and Jahnavi Patel hit the streets of Mumbai after Modi's demonitisation announcement, here's what they found.
Centre shows optimism of achieving the target of 4.1% at back of recent measures and turn around in manufacturing.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
The finance ministry has short listed 11 PSUs for a possible buyback of shares in the ongoing financial year
To tide over recurring power shortage, the Uttar Pradesh government is in the process of setting up new power projects in the state while carrying out renovations on existing projects.
The prime minister should trifurcate the IAS, recommends T C A Srinivasa-Raghavan.
From 5G to Tesla to Covid vaccine, 10 things will shape India's future.
Committed to keep fiscal deficit under check, Prime Minister Manmohan Singh has convened a high-level meeting on Tuesday to push forward the disinvestment programme with a view to achieve the budgetary target of Rs 40,000 crore (Rs 400 billion) in the current fiscal.
Ten of top 15 companies in 1991 were PSUs; now, there are only six. Their revenue share has also fallen from 86% to 45%
