The Finance Ministry has invited private sector bankers.
Tata Steel (then Tata Iron and Steel), the most valuable index company in 1991, is now the least valuable.
Putting money in key PSUs a better option
The CIL disinvestment has been hanging fire because of opposition from the trade unions. Mayaram's statement that the coal major will have to pay a higher dividend comes as the government makes efforts to meet its Rs 40,000 crore (Rs 400 billion) disinvestment target.
Indian CEOs might like to make some serious course correction.
The New Year 2015, however, may see shares worth over Rs 50,000 crore (Rs 500 billion) being put on the table by the government, including by way of part-sale of its holdings in PSUs and its residual minority stakes in some private sector entities.
Goyal's statement comes in the wake of RGPPL board giving its approval last month for the conversion of debt into equity equivalent to interest dues of Rs 405 crore (Rs 4.05 billion).
The total market valuation of all BSE-listed firms on Thursday regained the Rs 100-trillion mark as the benchmark Sensex climbed over 600 points after the RBI surprisingly cut interest rate by 25 basis points.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Costlier oil due to rising conflict in Iraq threatens to hurt the India economy that is already battling price rise and slowing growth.
He said manufacturing ethanol and biogas from waste could result in savings to the tune of Rs 5 lakh crore annually
Even as the September quarter performance was subdued, analysts expect the second half to be better on higher prices, output.
Unfazed by the stalemate over the Sadhvi Niranjan Jyoti issue, government has lined up a heavy legislative agenda in Parliament this week including a bill seeking to replace coal blocks allocation ordinance.
The combined market valuation of top nine Sensex firms advanced by a whopping Rs 1.39 lakh crore with energy majors ONGC and RIL emerging as the star performers, while TCS saw a marginal dip last week when stock market recorded life-time highs.
Of the 30-share Sensex pack, 15 today closed in the red
The NSE Nifty went past the 8,600-mark for the first time since November 1.
In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively.
While CIL, HDFC Bank, SBI, ICICI Bank and HDFC saw rise in their market cap, TCS, RIL, ONGC, ITC and Infosys witnessed fall in their valuations for the week ended April 25.
The government on Friday said the auction of explored coal blocks may take place either by December or the beginning of the next year.
Market players said the sell-off was triggered by pessimism that the government may not be able to balance growth with macro-stability.
The NSE Nifty also moved up by 12 points to 8,648.35.
ICICI Bank was the top loser along with index heavyweights RIL, ITC and HDFC.
Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.
'The mismatch between valuations and fundamentals is startling,' warns Devangshu Datta
Financial shares were the top losers.
Govt has drawn list of PSUs for strategic sale: Jaitley
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
The Supreme Court is expected to deliver its final verdict on coal mine allocations later this week.
Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
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India's hydroelectric power generation grew 17.5 per cent to 7.5 billion units in January this year from 6.4 billion units in the same month of 2012.
Sensex rises, Nifty ends at record high; RIL shares rally.
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
At the bank's current market price, the stake on offer is worth about Rs 5,700 crore
The S&P BSE Sensex ended up 129 points at 26,843 and the Nifty50 ended up 39 points at 8,220.
Of these 36 coal blocks, one mine will be given to the steel sector while the rest will be given to the power sector.
Against FY17 target of Rs 56,500 cr, Centre plans to fetch around Rs 6,400 cr in the first half.
It goes without saying that the best performers are in the private sector, says TN Ninan.
Indian companies have raised $1 billion so far this year - almost four times what they raised last year.
