Either the stake in these companies will be sold or they may partner private firms.
While Vedanta was the biggest gainer in the Sensex pack rallying 4.67 per cent, others included Tata Steel, ONGC, NTPC, Yes Bank, Infosys, Sun Pharma, Bharti Airtel, SBI, Bajaj Finance, L&T and RIL, rising up to 4.13 per cent.
The PAC, headed by Congress lawmaker K V Thomas, is keen to find out the details of huge loans given by the banks to corporates including the basis on which such favours were extended.
Sustained FII inflows and fresh spell of buying by domestic institutional investors fuelled the rally
The wider NSE Nifty touched a low of 10,652.40 before finishing at 10,671.40, showing a loss of 97.75 points, or 0.91 per cent.
From spending a little less than three hours on making voice calls, Indians are spending well over 5 hours. So, while people make more calls, they are spending less than ever, reports Romita Majumdar.
Indian economy grew 7.9 per cent in the March quarter.
Covering-up of pending short positions on expiry of the July derivatives contracts and a strengthening rupee propped up the markets at high levels
While Hyundai Motor India reported a marginal growth, Toyota Kirloskar Motor witnessed a dip in sales last month.
The upward revision is due to stronger-than-expected GDP numbers for the quarter ended March 2016.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Modi said there were a slew of 'matching priorities' between the business council and that of his administration, including dismantling trade barriers, promoting skills development, establishing manufacturing supply chains and infrastructure development.
The report said in the recent months policy makers as well as the private sector have made some efforts to improve productivity.
'It is easy to dramatise the events of today, but it is far more important to focus on the fact that we have a radically overvalued financial sector. It is a house of cards.'
India ranks 130th out of 189 economies on the World Bank's Doing Business report.
The aim was to skill 1 crore by 2020.
Analysts, however, predict it would be an uphill climb for export-reliant China's economy going forward as it faced intensified conflict with the US and the negative fallout on its external trade due to Beijing's increasingly aggressive policies towards countries like India resulting in bans of its products and services.
In the Sensex pack, index heavyweight Reliance Industries fell 2.84 per cent to Rs 1,057.15 after reports that the company's oil assets may take a hit due to the government's imposition of cost controls on soaring petrol and diesel prices.
While the interest from Hinduja is a positive sign for the grounded airline, executives of banks cautioned that there is no certainty that the deal will fructify. The cost of recapitalising Jet Airways is increasing every day.
This was the fourth consecutive day that COVID-19 cases in the country have increased by more than 26,000.
A total of over Rs 1,641 crore of premium is pending against five lease holders of MMRDA
'It's the brazen corruption involving politicians that makes you sit up years after the event,' notes Nivedita Mookerji after reading B K Syngal's Telecom Man.
While gold returned 12 per cent annual gain in 10 years, Nifty didn't exceed 9 per cent.
The committee had eminent people on it and making any allegations like this is 'outlandish', Sitharaman said.
'The banking sector appears to be on course to recovery,' declares the RBI governor.
After reeling under losses for almost a decade, life insurance companies are now turning the tide. Four life insurers have, so far, posted profit, while three of them have brought down their losses.
With rate cut expectations running high ahead of RBI meet this week, risk appetite improved especially in rate sensitive stocks
The growth in the PV segment was primarily led by car market leader, Maruti Suzuki India, which saw its dispatches to dealers grow 4.4 per cent YoY to 144,277 units after 10 months of drop. It was driven by new launches, such as the S-Presso, a mini sport UV.
Indian Railways has reported good profit in FY15 on higher passenger traffic.
As share of cash volumes in trading mix sees decline, it will result in moderation of profitability from core broking operations.
Sluggish rise in new business inflows and a cautious approach to costs reportedly led Indian manufacturers to shed jobs in September.
Insurance penetration in India at 3.9%, below world average.
The report by the High Level Advisory Group said India stands to benefit even more when the US and China are locked in a global trade war.
At end of week, Infosys had a market valuation of Rs 2,69,489 cr, or Rs 432.68 cr more than HDFC Bank's Rs 2,69,056 cr
The broader NSE Nifty moved between 10,705 and 10,785.55, before ending 25.15 points, or 0.23 per cent down at 10,716.55.
The rupee appreciated by three paise to close at one-week high of 60.81 against the US dollar in the previous session on sustained dollar selling by exporters and capital inflows.
'If UAV technology is used by the adversary to target VIPs or strategic targets it would be a different ball game altogether,' says Group Captain Murli Menon (retd).
Cumulative sale at India's top six passenger vehicle (PV) makers dropped 0.7 per cent to 267,000 units, from 269,000 a year before.
The ongoing corporate results and the Union budget are also making participants tread cautiously though the GST agreement provided some relief.
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