'Especially if their investment horizon is over two years.'
The government on Tuesday said it would completely exit Maruti Udyog Ltd.
'I did get a couple of offers (in Hindi cinema) but the roles required a doll-like heroine, a glamorous role. I was getting challenging roles in the South and so I stayed here.'
Equity benchmarks had another rough day on Monday, with the Sensex plummeting 1,457 points and the Nifty tumbling to the 15,774 level, mirroring an extremely weak trend in global markets along with unrelenting foreign fund outflows. Index majors ICICI Bank, Infosys and Reliance Industries bore the brunt of heavy selling. The 30-share BSE Sensex tumbled 1,456.74 points or 2.68 per cent to settle at 52,846.70.
South Korean engineering behemoth Hyundai plans to set up an engineering company in India focussed solely on the petroleum sector.
The EV industry is at an inflection point and batteries will play a critical role ahead -- batteries and related components typically constitute 35-45 per cent of an EV's costs.
After bumbling for years since 2014, the Modi government seems to believe that massive government expenditure will lead us to prosperity supported by 'seat-of-the-pants' decision-making, observes Debashis Basu.
Around $20 million were spent over eight years on the development of the tank.
A task force set up by the heavy industry department will examine the definition of "small car" and suggest ways, including changes in the fiscal policy, to turn India into a manufacturing hub for such cars.\n\n
"It has been decided to sell 8 per cent equity in Maruti," Heavy Industries and Public Enterprises Minister Santosh Mohan Deb told reporters after the meeting of Cabinet Committee on Economic Affairs on Friday.
Equity benchmark Sensex tumbled over 575 points on Thursday, tracking heavy losses in index-heavyweights HDFC twins, TCS and Reliance Industries amid a weak trend in global markets. Declining for the third straight day, the 30-share Sensex slumped 575.46 points or 0.97 per cent to settle at 59,034.95. During the day, it tanked 633.06 points or 1.06 per cent to 58,977.35. The broader Nifty-50 also declined 168.10 points or 0.94 per cent to close at 17,639.55.
Shiv Sena leader and Heavy Industries Minister Balasaheb Vikhe-Patil on Saturday resigned from the Union Cabinet.
In a bid to improve coordination between the party and the government, at least one Union minister will be available at the BJP headquarters everyday starting Wednesday to hear grievances and suggestions from partymen.
Concerned over the staggering Rs 2,100 crore (Rs 12 billion) statutory dues of ailing public sector undertakings in the midst of a cumbersome and time consuming winding up process
The negotiations on cost and techno-commercial details relating to India's proposed procurement of 26 Rafale-M fighter jets and three Scorpene submarines from France are not yet concluded, sources said on Tuesday.
The department of investment and public asset management is scouting for investment bankers and legal advisors to carry forward the transactions.
