Each year lakhs of engineering students vie for just about 800 jobs in this PSU . But it's worth a try!
'There is no change in the overall story of economic recovery.'
The broader NSE Nifty gained 22 points to 10,480.60
The Finance Ministry on Thursday said it does not anticipate any backlash from PSU employees against divestment in state-run companies and the target of Rs 40,000 crore under this head next fiscal is 'modest' and achievable.
The sentiment got support from better-than-expected earning results by select companies and continuous buying by domestic financial institutions.
In early trade on Monday, the rupee fell to 63.33 to a dollar, its weakest since September 18.
The guidelines for strategic disinvestment were issued on Monday itself when Finance Minister Arun Jaitley presented the Union Budget for 2016-17.
Stick to export-focussed plays, large-caps, say analysts
Fund houses bet on growth, divestment and deregulation.
Strengthening the portfolios of the home minister and the finance minister is a message that should not be missed, points out A K Bhattacharya.
BPCL's impending privatisation and RIL's stake sale to Saudi Aramco raise questions about the future of the West Coast Refinery, once touted as the world's largest.
Sentiment was hurt after market regulator Sebi directed bourses to initiate action against 331 suspected shell companies.
Earlier, the Reserve Bank of India was the approving authority.
Bankers of HPL too have endorsed the idea and are pitching hard for the chairmanship of Chatterjee.
The BSE Sensex spurted 130.00 points to end at 35,980.93, while the broader NSE Nifty advanced 30.35 points to 10,802.15.
State-owned BSNL may delay opening of financial bids for its 45.5 GSM line tender beyond May 10 as most of the telecom vendors have sought more time to study the offer details.
National Mineral Development Corporation (NMDC), the Hyderabad-based public sector undertaking, is the first PSU to come up for divestment during the current financial year.
Floor price of SAIL to be set at Rs 83 a share.
Pharma was the top losing index amid worries about their earnings outlook with Lupin down over 4%
On the eve of the Board meeting of the Reliance group company IPCL, Anil Ambani has stepped up pressure against Anand Jain, a close associate of his elder brother Mukesh, by demanding an 'independent' report on Jain's business dealings with the compa
Hindustan Aeronautics Ltd plans to invest more than Rs 25,000 crore (Rs 250 billion) in the next 10 years on the back of a strong order pipeline and big ticket projects on the horizon.
The defence and aerospace sectors have seen at least over Rs 10,000 crore worth of MoUs being signed during the summit.
In the first two years, we spent Rs 15,000 crore, which was more than our target, says S K Chaturvedi, CMD, Power Grid Corp.
Fuel supplies in many parts of the country were affected on the second day of the indefinite strike by oil PSU executives that also resulted in refineries running below capacity and impacted oil and gas production.
Over 25 per cent of the net flows have been directed toward the large-cap category as investors preferred to put money in the top 100 stocks by market capitalisation because the segment has been the most resilient over the past year.
The proposal to increase public float, hike income tax surcharge, move to tax share buybacks and lack of stimulus to shore up economic growth has hurt investor sentiment.
The Sensex took just five trading sessions to surpass the 36,000-level milestone, from 35,000.
IOC, BPCL and HPCL on Thursday afternoon stopped ATF supplies to Air India at six airports - Kochi, Pune, Patna, Ranchi, Vizag and Mohali - over payment defaults. AI flights from these places were tanking up from other airports.
Sun Pharma was by far the biggest gainer in the Sensex pack, surging 8.13 per cent, followed by Dr Reddy's at 4.92 per cent.
RIL is relying upon the pleadings in RIL Vs RNRL case to support its defence against NTPC.
The Budget for 2018-19 has at least five takeaways that are yet to receive adequate attention, says A K Bhattacharya.
'Oil companies like IOC, BPCL and HPCL have to set up world class systems where they are always two steps ahead of the crooks,' says Sudhir Bisht, a veteran of the petroleum industry.
Ten of top 15 companies in 1991 were PSUs; now, there are only six. Their revenue share has also fallen from 86% to 45%
A bonus is given to existing stockholders in proportion to the number of shares they already hold.
The National Democratic Alliance government is weeding out independent directors on the boards of public-sector undertakings (PSUs).
At the BSE, 1,791 stocks declined, while 948 advanced, 110 stocks remained unchanged.
Automobile dealers' body FADA said the Budget lacked immediate demand boosters for the automobile industry.
