New entrants could include Flipkart, Paytm, Cafe Coffee Day and ICICI Prudential Life Insurance, it says
In the prevailing difficult circumstances, the Congress is the only party that can provide capable and decisive leadership to the country, Kharge asserted.
With organisations like the Bharatiya Mazdoor Sangh, which is a front of the Rashtriya Swayamsevak Sangh, telling Finance Minister Nirmala Sitharaman they want OPS back, the government is in a bind, report Shiva Rajora and Aditi Phadnis.
Bharat Heavy Electricals, the country's largest power equipment manufacturer, is working on low margins when bidding to supply super-critical equipment for the upcoming ultra mega power projects as it has to import a substantial amount of components from Europe.
The Defence Ministry on Tuesday approved the procurement of arms and military equipment worth Rs 7,965-crore, including 12 light utility helicopters from Hindustan Aeronautics Limited, according to an official statement.
Indian Railway Catering and Tourism Corporation (IRCTC), the Indian Railways' wholly-owned listed subsidiary, is eyeing partnerships to offset recurring costs incurred in train operations, which is part of its two-year-old diversification from core catering and ticketing businesses. To this end, it is courting public sector undertakings such as Bharat Heavy Electricals (BHEL) and others to create a special purpose vehicle for the routes for which IRCTC has bid. The Railway ministry opened bids for public private partnerships in passenger train operations in July 2021 and received bids to operate 29 pairs of trains with around 40 modern rakes that would entail an investment of Rs 7,200 crore.
The heavy industries ministry has virtually consented to finance ministry's suggestion for part divestment of government equity in blue-chip PSU Bharat Heavy Electricals Ltd and auto joint venture Maruti Udyog in the current financial year.
The new entrants comprise Asian Paints, Britannia, Titan, Nestl, Bajaj Finance and Bajaj Finserv.
In a major commercial deal, Bharat Heavy Electricals Ltd has bagged five major contracts worth over Rs 2,700 crore from India's largest power utility National Thermal Power Corporation.
The IAC would serve to bolster India's position in the Indian Ocean Region (IOR) and its quest for a blue water Navy
Global trends, the last batch of Q2 earnings and domestic macroeconomic data will dictate terms in the equity market, which had an extended weekend last week, analysts said. "FIIs' behaviour along with inflation numbers from US and China will remain key factors for this week. After an extended weekend, Indian markets are likely to start a fresh week with a positive note on the global backdrop. "However, there is a risk of selling pressure at higher levels as we are underperforming the global peers where the near-term texture has changed to 'sell on rise' from 'buy on dip'," Santosh Meena, head (research) at Swastika Investmart Ltd, said.
Bharat Heavy Electricals Ltd has expressed its inability to put up the proposed power project at Tata Motors' abandoned Singur site, in a written communication to the West Bengal Power Development Corporation Ltd.
Equity markets will look for directions from global trends, ongoing quarterly earnings and investment patterns of foreign institutional investors (FIIs) in a holiday-shortened week ahead and may encounter volatility amid the scheduled monthly derivatives expiry, according to analysts. Equity markets will remain closed on Wednesday on account of 'Republic Day'. "This week is a holiday-shortened one and it's going to be critical due to the list of events and data that are lined up.
The government will offload a portion of its equity in Bharat Heavy Electricals Ltd and Maruti Udyog in the market by the end of this fiscal to mop up over Rs 2000 crore (Rs 20 billion).
Public sector Bharat Heavy Electricals Ltd on Tuesday revised upwards its net profit for fiscal 2003-04 at Rs 635.50 crore (Rs 6.35 billion) as against Rs 444.51 crore (Rs 4.44 billion) in the previous fiscal.
The Sensex opened with a positive gap of 56 points at 15,806 and moved up to a high of 16,003 in late morning deals. The Sensex finally closed with a gain of 82 points at 15,832. Satyam, Wipro, TCS, Infosys, HUL, Reliance, Tata Steel and Hindalco were major gainers. BHEL, Reliance Energy, Maruti and M&M were major losers. Reliance Capital was the most active counter with a turnover of Rs 250 crore followed by GSS America (Rs 245cr), also BHEL, Reliance Petroleum and Reliance.
Analysts caution against volatility and recommend buying stocks of companies that are on strong fundamental footing that have been beaten down badly in the recent carnage.
The Department of Space (DoS) plans to realise entirely-built rockets -- GSLV-Mk III and SSLV -- from Indian industry partners, in addition to PSLV, according to a top official of its commercial arm NSIL.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
We bring you the calorie count and nutritional content of these two popular snacks.
Her statement came ahead of a crucial round of talks scheduled to be held between the Centre and representatives of the agitating farmers during the day.
A stalemate continued over the BHEL disinvestment issue with Left parties ruling out any dilution of their opposition to it, after their meeting with United Progressive Alliance chairperson Sonia Gandhi.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Sensex opened a tad higher at 15,770 - up 13 points - but slipped into negative zone soon on weak cues from Asian markets. The Sensex recouped some ground in late noon deals, and finally ended with a loss of 169 points at 15,588. The NSE Nifty settled 51 points lower at 4,710. L&T, Wipro, Tata Steel, Ranbaxy, Grasim, NTPC, Maruti, M&M, TCS, Infosys and Hindustan Unilever were major losers. BHEL, Bharti Airtel, ICICI Bank, HDFC and SBI were major gainers.
The domestic solar equipment industry is grappling with tough market conditions, mainly on account of cheaper imports from China.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
External Affairs Minister Sushma Swaraj said that Indian missions in Canada are working round the clock after the blast.
The government has merged the Department of Public Enterprises (DPE) with the finance ministry to give it a better control over state-owned firms and facilitate its ambitious privatisation programme. Finance ministry will now have six departments while DPE's hereto parent ministry, the ministry of heavy industries and public enterprises will now be called the ministry of heavy industries. Previously, the disinvestment ministry - created under the Atal Bihari Vajpayee government - was merged with the finance ministry and is now a department under it. Also, Foreign Investment Promotion Board (FIPB) was abolished and administration of foreign investments was given to the finance ministry (FinMin).
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Christmas was celebrated across the country on Saturday, but the festivities were low-key for the second year in a row due to Covid, with churches and other events witnessing lower footfalls, people avoiding large get-togethers and the administration in some areas imposing certain curbs.
Traditionally, most PSUs have been cash-rich, which added to their value. However, the government has been tapping regularly into their cash resources to boost revenue for the exchequer
Nath, a nine-time MP from Chhindwara seat and currently president of state Congress unit, will take oath at a grand function to be held at Jamboree Maidan in BHEL area instead of Lal Parade Ground as announced earlier.
Around 75 per cent, or 372 stocks, that are part of the BSE500 are trading at least 10 per cent below their all-time high levels, despite the index hitting a record high 20,515 points on the BSE in intra-day trade on Wednesday, surpassing its previous high of 20,390 touched in March 12. The index, which accounts for 93 per cent of BSE listed companies' market capitalisation, has gained 8 per cent from its recent low of 18,983, touched on April 19. In comparison, the benchmark S&P BSE Sensex gained 6 per cent over the same period, but is still nearly 4.5 per cent away from its all-time high of 52,517 that it hit on February 16.
Stock markets are expected to remain under pressure this week due to the overhang of US presidential polls and uncertainty over global growth due to resurging cases of coronavirus, according to analysts.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
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