Market players said the sell-off was triggered by pessimism that the government may not be able to balance growth with macro-stability.
He said manufacturing ethanol and biogas from waste could result in savings to the tune of Rs 5 lakh crore annually
Putting money in key PSUs a better option
The CIL disinvestment has been hanging fire because of opposition from the trade unions. Mayaram's statement that the coal major will have to pay a higher dividend comes as the government makes efforts to meet its Rs 40,000 crore (Rs 400 billion) disinvestment target.
Goyal's statement comes in the wake of RGPPL board giving its approval last month for the conversion of debt into equity equivalent to interest dues of Rs 405 crore (Rs 4.05 billion).
The total market valuation of all BSE-listed firms on Thursday regained the Rs 100-trillion mark as the benchmark Sensex climbed over 600 points after the RBI surprisingly cut interest rate by 25 basis points.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
The New Year 2015, however, may see shares worth over Rs 50,000 crore (Rs 500 billion) being put on the table by the government, including by way of part-sale of its holdings in PSUs and its residual minority stakes in some private sector entities.
Costlier oil due to rising conflict in Iraq threatens to hurt the India economy that is already battling price rise and slowing growth.
Unfazed by the stalemate over the Sadhvi Niranjan Jyoti issue, government has lined up a heavy legislative agenda in Parliament this week including a bill seeking to replace coal blocks allocation ordinance.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
The combined market valuation of top nine Sensex firms advanced by a whopping Rs 1.39 lakh crore with energy majors ONGC and RIL emerging as the star performers, while TCS saw a marginal dip last week when stock market recorded life-time highs.
Financial shares were the top losers.
Even as the September quarter performance was subdued, analysts expect the second half to be better on higher prices, output.
While CIL, HDFC Bank, SBI, ICICI Bank and HDFC saw rise in their market cap, TCS, RIL, ONGC, ITC and Infosys witnessed fall in their valuations for the week ended April 25.
Govt has drawn list of PSUs for strategic sale: Jaitley
It goes without saying that the best performers are in the private sector, says TN Ninan.
The government on Friday said the auction of explored coal blocks may take place either by December or the beginning of the next year.
The Supreme Court is expected to deliver its final verdict on coal mine allocations later this week.
Against FY17 target of Rs 56,500 cr, Centre plans to fetch around Rs 6,400 cr in the first half.
Indian companies have raised $1 billion so far this year - almost four times what they raised last year.
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India's hydroelectric power generation grew 17.5 per cent to 7.5 billion units in January this year from 6.4 billion units in the same month of 2012.
Of these 36 coal blocks, one mine will be given to the steel sector while the rest will be given to the power sector.
Minister of state for power Piyush Goyal will gift wooden-framed 'appreciation letters' to one million govt employees.
Analysts said the higher capex by PSUs, along with government spending, could trigger a capex revival for the corporate sector by the second half of FY17
At the bank's current market price, the stake on offer is worth about Rs 5,700 crore
The Finance Ministry is considering a proposal to rope in professionals from the private sector for appointment of chairman and CEO-cum-managing director in state-owned financial institutions as it looks for talent from a wider pool of applicants.
Some overseas investors refuse to be part of roadshows, citing environment risks
The IOC stake sale will, however, dwarf in front of Rs 22,557 crore or Rs 225.57 billion that the government raised through a stake sale in Coal India Ltd last year.
'The Modi government believes the industrialist, the capitalist, has to pay for the assets of the government which belong to the people of India.'
E-auction or e-tendering moves the process of bidding for government contracts completely online, removing most manual procedures and, therefore, creating an accountability trail.
While TCS, RIL, ONGC, CIL, HDFC Bank, Bharti, HDFC and HUL saw rise in their market capitalisation (m-cap), ITC and Infosys suffered losses.
Indian companies realise several business opportunities ahead of International Yoga Day on Sunday
According to bankers and economists, there is room for further rate cut by the RBI as retail and wholesale inflation rates have remained benign.
In 10 sessions Sensex rose over 8%
Suspended BJP MP Kirti Azad targeted more politicians, including party MP and BCCI secretary Anurag Thakur, involved in cricket governance.
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The Finance Ministry has filed the offer document with market regulator Securities and Exchange Board of India for the Central Public Sector Enterprises ETF, which could fetch the exchequer about Rs 3,000 crore (Rs 30 billion).
The coal-bearing states shall be getting additional revenue from such coal mines.
Around 300 promoters serve their company boards for free.
Infosys, Bharti Airtel and ICICI Bank are the only companies who have managed to score 100% on a Composite Disclosure Index
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