The government, which on Thursday decided to sell ten per cent stake in NALCO, now contemplates offloading ten per cent stake in the Coal India Limited through initial public offerring.
The Union Cabinet on Wednesday decided that 10 per cent of the government's stake in Coal India Ltd would be sold. Similarly, the sale of five per cent of its stake in ONGC and 11.4 per cent in the hydropower public-sector unit, NHPC, has been cleared.
A day after the Union Cabinet paved the way for the government reducing its stakes in Oil and Natural Gas Corporation (ONGC), Coal India Ltd (CIL) and NHPC, the shares of these companies fell 3.4-5.2 per cent on bourses.
It was the second straight week of gains for the benchmarks.
The broader NSE Nifty moved between 10,705 and 10,785.55, before ending 25.15 points, or 0.23 per cent down at 10,716.55.
If the power plants are reporting low coal stocks with them, it is largely because they have improved their power generation to meet higher demand.
The total market valuation of the BSE-listed companies is nearing the Rs 100 lakh crore-mark following the continued dream run of the bourse.
ONGC is the country's most profitable PSU.
Officers of Central Public Sector Units will go an indefinite nationwide strike from December 22, demanding higher salaries and autonomy for the public sector.
Not only do you need an effective and independent regulator, you also need competition to flourish.
The miners were working on night shift when the mine caved in at around 5.30 am.
The valuation of CIL dropped by Rs 20,875 cr to Rs 2,27,926 cr
Valuation of TCS, ITC declines in the week
Arun Jaitley will aim for jumps in other revenue streams for the government.
Persistent capital inflows by domestic institutional investors and retail investors kept the markets in fine nick
Ficci also said the new leadership is expected to recognise the industry concerns on land, labour and environment.
Although the pricing for the IPO is yet to be finalised, people in the know said the band could be Rs 275-300
If the entire amount of Rs 24,000 crore is raised, then it would be the biggest fundraising exercise by any Indian company ever.
In dollar terms, TCS' market valuation rose to $84 billion.
In the domestic market cap ranking, TCS continues to top the list
144 companies will pay Rs 61,087 crore in equity dividends to their shareholders for FY16, an increase of 19.2 per cent year-on-year
This will help Coal India become globally competitive, says Minister of State for Coal Dasari Narayana Rao.
The top line growth for the 500 companies slowed down to 8.7 per cent.
Rupinder Pal Singh and Simon Child in the dying minutes of the match saw Delhi Waveriders get past the dangerous Kalinga Lancers with a 6-4 win.
Oil explorer ONGC again emerged as the highest profit-making PSU of the country during 2012-13 while telecom major BSNL turned out to be the biggest loss-making enterprise, says the Economic Survey.
A bench headed by Chief Justice H L Dattu said, the apex court had granted six months' time to wind up their operations and the companies cannot be restrained from excavating coal during this period.
Muted quarterly earnings, mixed cues from global markets and unabated foreign fund outflows added to the volatility
India's track record of over-promising and under-delivering also leaves plenty of room for doubt.
Decades of a state-owned monopoly selling coal at a fixed price has taken its toll on production.
However, Adani Australia has clarified on its Facebook page on Monday that in terms of quality of the coal it is almost 50 per cent better than that used domestically.
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
The 50-stock NSE barometer Nifty finished 22.50 points, or 0.21 per cent, down at 10,526.20
The market valuation of top seven Sensex companies fell by Rs 24,783.44 crore last week in an overall weak stock market.
Out of the seven companies, Coal India Ltd and SBI were the top gainers in an overall strong stock market. ONGC, ITC and Infosys were the losers for the week ended April 11.
In the longest losing streak of 2017, the BSE Sensex has lost 1,270 points, or 3.91 per cent. It fell to a three-month low of 31,154.03 on Wednesday.
An announcement has barred the entry of journalists in the finance ministry.
As per the budget document presented in Parliament, public sector enterprises, including banks, are expected to contribute Rs 88,188 crore in the form of dividend and profit to the government in the current financial year.
The broader NSE Nifty too fell below the 10,100 level by dropping 100.10 points to end at 10,094.25
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