The government shouldn't hide behind the veil of making a domestic giant out of the HPC-ONGC deal, rather it should just say it needs cash from this divestment exercise, says Sudhir Bisht.
Markets extended losses to end 1.5% down on Tuesday, amid weak global cues, after investors turned cautious ahead of key economic data and booked profits in rate sensitive shares while the further fall in the rupee continued to weigh on investor sent.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Sensex hit a record high of 27,225.85 and Nifty hit a record high of 8,141.90 in the intra-day trades today.
These have been selected based on the earnings growth prospects and favourable (buy) ratings by brokerages
Economic reforms seem to be on a slow train, while good old fiscal populism is alive and flourishing.
The finance ministry on Tuesday cited "green shoots" of recovery in agriculture, manufacturing and services sectors, and said the prompt policy measures taken by the government and RBI have helped reinvigorate the economy with minimal damage. Stating that the agricultural sector remains the foundation of the Indian economy, the ministry said that a normal monsoon, as has been forecast, should support the rebooting of economy.
The Union Budget on Monday evoked contrasting responses in the political arena with the ruling Bharatiya Janata Party hailing it as a vision for an 'Aatmanirbhar Bharat' and the Opposition describing it as a 'let down like never before' that was meant to 'deceive' people.
India and the US had on July 17 signed a preliminary agreement for cooperating on emergency crude oil reserves, including the possibility of India storing oil in the US emergency stockpile.
Noting that oil prices had gone down after the BJP-led government came to power in May 2014, before they went up, Prasad said it is a problem whose solution is not in its hands.
Pharma shares extended losses after the government's ban on combination drugs.
He also asserted that ease of living and ease of doing business were behind the spirit of the work being done under the Central Vista project.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
Many believe that marketing budgets could be a hurdle.
The sharp fall in oil price is positive for oil marketers as subsidy concerns reduce further.
India Inc will report good set of numbers in Q4.
Moving from pricing control to a free market means stiff competition.
The staggered increase in kerosene rate may not have the same impact of freeing up the fuel price as for diesel.
NDA's energy plan powered UP win, but it's not a winner yet. Centre has claimed to have saved money by targeted coverage but critics say the system is not yet foolproof.
This is the project to turn municipal and agri-waste into fuel sources like diesel, jet fuel, naptha and petroleum. It is called IH2.
Economists expect the Reserve Bank to hike its key short-term lending and borrowing rates on July 27 to tame rising inflation, which is already in double-digits.
'Oil companies like IOC, BPCL and HPCL have to set up world class systems where they are always two steps ahead of the crooks,' says Sudhir Bisht, a veteran of the petroleum industry.
The department of investment and public asset management is scouting for investment bankers and legal advisors to carry forward the transactions.
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