Prime Minister Manmohan Singh has asked administrative ministeries to work out viable plan for disinvestment of BHEL and Coal India, including dividend payment, so as to achieve Rs 40,000 crore (Rs 400 billion) target in the current fiscal.
Broader market outperformed the frontline indices and also hit their respective all-time highs
Tata Steel's domestic operations have been its cash cow.
There are 30 listed PSUs in which the public holding is less than 25%.
The 30-share Sensex ended up 142 points at 29,462 and the 50-share Nifty gained 26 points to end at 8,895.
A tightrope walk ahead, especially as govt's fiscal deficit has already reached 99% of full-year estimates
'Unless India Inc's earnings offer promise in March 2017 quarter, sentiment may not reverse in a hurry.'
Markets crashed due to domestic worries; bluechip stocks tanked too.
Sun Pharma stock has appreciated at 35% a year for 20 years
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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According to media reports, CBI is looking into the entire process at the then NDA government and has asked for information from the mines ministry.
'National assets, created over the years through tax-payers's money, should not be handed over to business houses at throwaway prices.'
The Sensex closed down 308 points at 24,894 and the Nifty has lost 96 points at 7,559.
The reason is believed to be a 19% increase in interest cost.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The BSE Sensex zoomed 318 points to end at 33,351.57, while the broader Nifty spurted 88 points to 10,242.65.
Sensex seems to be under pressure on weak cues.
Though the NDA government had been trying to privatise 20 companies, a decision for which was taken in 2017, and included national carrier Air India, the investor community evinced little enthusiasm for any of them. Now, with an in-principle approval for privatisation of BPCL, CCI and SCI, the government has taken the plunge again.
The government's disinvestment programme is set to get a boost this Diwali, with the finance ministry planning to hit the market to sell a five per cent stake in Steel Authority of India Ltd (SAIL) by October.
The target announced is 13.6 per cent higher than that set last year and 145.4 per cent higher than the revised target for 2013-14.
A senior official in the central labour commissioner's office said the efforts of the government were to resolve the cases amicably and not to press for legal action against employers. "Everyone is going through tough times. We could initiate legal action if we want but that's not the idea. We want to address the issues amicably," the official said.
The S&P BSE Sensex ended up 28 points at 25,844 and the Nifty50 ended flat at 7,915.
Broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.8%-1%.
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
Having faced a debacle in four Assembly elections recently, the UPA government is exploring ways to woo voters before the coming general elections - without deviating from the path of fiscal consolidation.
Bankers claim they have received good response to the roadshows held abroad for Coal India, IndianOil and PowerGrid.
The rally in most of these stocks is partly attributed to impressive financial performance.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
The government has a two-pronged strategy for e-auction of cancelled coal blocks.
Under current laws, a company cannot sell mines but only transfer leases when it is acquired by another firm.
Divestment in PFC, REC, NHPC, Nalco, Hindustan Copper and NMDC could be considered
The 30-share Sensex ended down 159 points at 27,425 and the 50-share Nifty closed down 24 points at 8,299.
Promoter holding in family-owned firms up 70 bps since 2005, 240 bps since 2010.
Year 2013 saw business leaders facing the ire of hostile investigative agencies.
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'Mining jobs get created in the most backward districts of India's poorest states,' says Anil Agarwal.
Some big ones hoard cash unduly and others borrow to keep up payments to shareholders
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
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