The BJP-led government had raised excise duty nine times between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October last year by Rs 2 a litre.
YES Bank, Bank of Baroda, SBI, IndusInd Bank, and RBL Bank are amongst the banks, Jefferies says, are most prune to "high risk" emanating from ADAG, Cox & Kings, CG Power, DHFL and Essar Shipping.
Sensex, Nifty end the day in red on unfavourable cues from global markets.
State-run BSNL's losses have more than tripled to about Rs 6,000 crore during 2010-11 mainly due to hefty outgo for employees' salary and expenses borne by the PSU for procuring 3G and BWA spectrum.
Encouraged by response of foreign investors to PSU stake sale, the government is proposing to raise the disinvestment target to Rs 40,000 crore in the next financial year by selling equity in 20 companies.
Ten central trade unions except Bharatiya Mazdoor Sangh are observing one-day general strike on Thursday to protest against various government policies.
The Election Commission has decided to replace 9,30,430 EVMs purchased before 2006 as the older machines are nearing their 15-year life cycle.
The guidelines also point out that it is not advisable to form 50-50 JVs, since such a company is regarded as a private company and functions as such, even though the PSU is an equal shareholder. In many cases these entities are not accountable to Parliament or the state assembly.
'Money that came into mutual funds near the previous peaks -- the second half of 2017 and 2018 -- has in most cases experienced unflattering returns.' 'A large proportion of redemptions could be such inflows exiting when the market recovered sharply from July 2020 onwards.'
The NSE Nifty after shuttling between 10,397.60 and 10,279.35 points, ended 47 points, or 0.45 per cent lower at 10,301.05.
'They want (the ownership and management of PSU banks) to pass into the hands of a private sector entity.' 'Ownership of these banks will go from the public sector to private sector.'
Re-instatement of 5% custom duty on crude imports will help.
Sebi had given an extension last year for PSUs to meet 25% minimum public shareholding rule
Sun Pharma was the biggest loser among Sensex components, plunging 3.94 per cent, followed by Tata Steel falling 3.12 per cent.
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The Oil Ministry will raise the cap on supply of subsidised cooking gas (LPG) to 9 cylinders per household in a year provided the Finance Ministry agrees to give an additional Rs 3,000 crore in 2012-13.
After the government scaled up the power capacity addition target in the current Plan period multi-fold, NTPC embarked upon a major diversification drive in the entire energy chain.
In what could be seen as a testimony of the quality of its work, a staggering 94 per cent of the orders received by state-run power equipment manufacturer BHEL last year came from the private sector.
Do you know which country in the world produces the largest natural rubber?
Even as the implementation of MNP is likely to be delayed from the scheduled date of September 20, the PSU, which hopes to attract substantial number of users from the rivals like Bharti Airtel and Reliance Communications, has called for expression of interest for MNP gateway.
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Wondering if mutual fund investments can help you make you enough money for your retirement and child's marriage? Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
Small- and mid-cap stocks continued facing selling pressure due to stretched valuations.
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
Arun Jaitley will aim for jumps in other revenue streams for the government.
It had reorganised its India business by carving out public sector undertaking and government businesses. Besides the company had also split its India and West Asia businesses.
There were more than three losers against every gainer on BSE
Banks are in need of government support to manage the stressed assets
Coal India was listed on November 4, 2010, and its market value today stands at over Rs 2 lakh crore.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The software sector has once again underlined its importance to the country by accounting for more than half of the total jobs created by Indian industry in the last financial year.
Many of the 37,000 petrol pumps across the country could go dry by Thursday if the indefinite strike by executives from public sector oil companies continues. Over 55,000 oil PSU officers from 14 oil companies -- under the umbrella of the Oil Sector Officers Association (OSOA) -- began their indefinite strike on Wednesday demanding higher wages.
India's largest insurer Life Insurance Corporation of India on Monday announced its intention to foray into health insurance sector jointly with another company, which could be a PSU general insurer.
Sectorally, telecom, realty, auto and banks were among the top losers, shedding as much as 2.22 per cent.
'National assets, created over the years through tax-payers's money, should not be handed over to business houses at throwaway prices.'
'By holding forth on Swadeshi economics, Bhagwat is showing his intent to fight back,' says Shekhar Gupta.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Petronet India on Thursday kicked off its divestment programme by seeking bids for sale of 100 per cent stake of the company.
Mahavir Chopra explains the pitfalls one may face after buying a day care insurance policy
