The Sensex resumed 10 points higher at 5,409. After touching a high of 5,416 on selective buying, it soon slipped into the red to touch an early low of 5,365 following heavy selling in PSU and other old economy stock. The Sensex is now down 26 points
The Cabinet reshuffle has yielded two unexpected spinoffs - it has altered equations in the second rung of the BJP's leadership and has put ministers under pressure to pursue economic reform in their ministries.
The higher salaries and pension outgo will be equivalent to about one per cent of the GDP.
In the Modi government, he was the mentor -- he groomed half a dozen of those who became ministers. Some remembered, others did not -- Jaitley seemed to care little. Aditi Phadnis reports.
Finance Ministry is considering to sell 5 per cent stake in ONGC in the current fiscal, which could garner about Rs 17,000 crore to the exchequer.
It has so far managed to raise only Rs 1,700 crore (Rs 17 billion), by divesting a 5% stake in Steel Authority of India.
Shipping Corporation of India will continue to be the national flag carrier even after its privatisation and government will have powers to requisition its entire fleet in case of emergency, Disinvestment Minister Arun Shourie said on Wednesday.
The international operations of Air India seem to be the main attraction for IndiGo, which has also flagged concerns about some foreign overseas airlines being allowed "disproportionate access" to the Indian market.
The ongoing US-led aggression on Iraq will help India's information technology industry in the post-war scenario, Union Disinvestment, IT and Communications Minister Arun Shourie said on Tuesday.
The Department of Heavy Industry has been undertaking appraisals of each loss making CPSE to assess the prospects of revival.
The government's austerity drive announced on Thursday , would lead to a saving of up to Rs 40,000 crore (Rs 400 billion) or 0.3 per cent of the Gross Domestic Product (GDP) but poses risks to growth, Japanese brokerage Nomura has said.
Ministers might be fond of attributing the Sensex's rise to renewed interest from foreign investors, betting on an impending revival in the economy, but share prices are influenced more by supply and demand.
A meeting of the Inter-Ministerial Group may be held next week to discuss the draft shareholders and share-purchase agreements for divestment of the State Trading Corporation.
Included in the list are Industrial Development Corp of Orissa, Coop Spinning Mills of Nayagarh, Badamba and Baragarh, Kalinga Spinning Mills, Dhenkanal and Gopi Spinning Mills, Baliapal.\n\n
Over two lakh posts are estimated to be created by the Central government in its various departments.
Disinvestment Ministry has stipulated a three year lock in period for prospective bidders vying for stake in Hindustan Copper where Government proposes to shed its entire equity.
BMS, a union affiliated to RSS, plans rally at Delhi's Ramlila Ground on Nov 17; SJM to protest on Oct 29.
Madras Fertilizers was perpendicularly boosted by the government's launching the disinvestment process in the company.\n\n\n\n
The challenge of achieving fiscal deficit targets for the next two years seems daunting.
Government gets Rs 17.1 lakh crore in its kitty
SCI found itself sailing ahead on Tuesday following a crucial divestment meet scheduled for Tuesday to decide on the modus operandi for the company's divestment.
The government of Punjab has rejected the sole bid for a strategic stake in state-run Punjab Communications Ltd, a senior government official said on Friday.
Pawan Hans, Dredging Corp on list to meet target of Rs 800 bn for 2018-19
The divergence shows lack of financial depth in the Indian stock markets.
If one were to go by the degree of clout, Jaitley was the undoubted No. 2 in the Modi government.
Out of the total amount, Rs 17,359.77 crore is aircraft loan, while Rs 31,517.04 crore is working capital loan.
The prime minister made the reference about the functioning of the Parliament against the backdrop of the virtual washout of its Monsoon session over various issues.
RCF got a boost from the government's inviting bids for global advisors in the divestment process.
Economy showing mixed signals, outlook challenging: FinMin
HPCL and BPCL were compelled downward today as marketmen reckon that their divestment may not even take place in the current calendar.
US interest rate normalisation policy is likely to keep global FX markets volatile.
JM Financial Consultants, Arpwood Capital and Alvarez & Marsal will advise the board going forward
Budget-makers in North Block are looking to maintain this fiscal status quo, in spite of tax revenues nowhere close to where the government wants and in spite of possible higher expenditure commitments.
Senior policymakers say it is a tough task and the finance ministry may resort to the time-tested method of carrying forward part of the subsidy payment burden to the next fiscal year.
Officials say a fall in global oil prices will reduce the government's subsidy burden, giving it a greater chance of hitting its ambitious fiscal deficit target of 4.1 percent of gross domestic product in the fiscal year to March.
A list of prominent journalists who also became successful politicians.
