Projects include steel plant & railway line; Modi's visit first by a PM to the tribal belt in 30 yrs
Against FY17 target of Rs 56,500 cr, Centre plans to fetch around Rs 6,400 cr in the first half.
QIP is a capital raising tool, whereby a listed company can issue equity shares, fully and partly convertible debentures, or any securities other than warrants that are convertible to equity shares to a Qualified Institutional Buyer.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The government got Rs 9,930 crore from its follow-on offer of NMDC shares, leaving it short by Rs 1,448 crore for its year's disinvestment target of Rs 25,000 crore. In addition, it got about Rs 2.5 crore by way of interest income on the issue money from banks.
SAIL and RINL at present produce about 18 million tonnes of the commodity. Navratna mining giant NMDC is in the process of setting up a three million tonnes per annum (MTPA)-steel unit in Chhattisgarh. Despite the prevailing economic slowdown, the expansion programmes of these public sector entities are going on full swing, Rastogi said, adding that SAIL is likely to hit the capital market to raise funds for the capacity augmentation.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Come April, steel prices are likely to skyrocket on the back of an expected 65 per cent increase in iron ore prices.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
The divestment department has lined up a host of companies.
Auto stocks will be in focus
The Maoists also looted 14 Self Loading Rifles, one 9 mm pistol, two wireless sets and huge amounts of explosive material, including detonators and fuses, stocked by the PSU for its own mining activities.
Putin's visit comes at a time when Russia's economy is stalling as oil prices tumble
'The target for next year is unlikely to be more than that of this year. The more you divest in any cycle, the less your potential pipeline for the next,' said an official. 'The first two issues we want to tackle and complete in FY20 are Air India and Hotel Ashok.'
Other companies which are on the block include NMDC, NALCO and IOC.
Arun Jaitley will aim for jumps in other revenue streams for the government.
Out of nearly 30 public sector undertakings and assets under 'strategic sale' plan, only the ONGC-HPCL plan has been completed
As the Sensex continued with its record-breaking show, over 750 stocks hit one-year high levels on the Bombay Stock Exchange on Friday.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The divergence shows lack of financial depth in the Indian stock markets.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The finance ministry has short listed 11 PSUs for a possible buyback of shares in the ongoing financial year
TCS created wealth worth Rs 3,458 billion for the period 2010-15.
Sentiment was hurt after market regulator Sebi directed bourses to initiate action against 331 suspected shell companies.
On BSE, 1,826 shares declined and 982 shares rose, while a total of 194 shares were unchanged
It is the low cost of iron ore extracted from their adivasi homeland mines that enables steelmakers like Tata Steel and Essar, and miners like NMDC, not only to be among the most profitable companies in India, but also gives it the financial muscle to make huge overseas acquisitions. Ultimately, it is the poor adivasi who pays for it with his home and hearth and gets no credit for it! Either from the State, which connives in their exploitation, or the industry that lords over their resources, says Mohan Guruswamy.
The amount is around a fifth of the cumulative investment in fixed assets by these companies.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Using buyback as a divestment tool is not new, the amount raised this year is phenomenally high.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
As per Sebi norms, a public sector listed company should have 10 per cent public float by August 08, 2013.
The Rs 63,000-cr Mumbai-Ahmedabad high-speed corridor and Rs 14,000-cr CSTM-Panvel suburban corridor are two of the largest projects.
The broader NSE Nifty too fell below the 10,100 level by dropping 100.10 points to end at 10,094.25
The BSE Sensex zoomed 318 points to end at 33,351.57, while the broader Nifty spurted 88 points to 10,242.65.
Govt has drawn list of PSUs for strategic sale: Jaitley
In 2008, the 13 companies on the list accounted for 34 per cent of the overall m-cap.
In a bid to woo foreign investors, the Indian Railways is planning to organise road shows in select countries showcasing opportunities for investment in the rail sector.
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