PS banks need to pull up their socks to improve cash flows.
A day after global brokerage firm Macquarie painted a rosy picture of the Indian economy and raised its target level for the stock indices for the next 12 months, Goldman Sachs said India is set to overtake China and become the fastest-growing emerging market during 2016-18.
PE funds have invested Rs 13,000 cr into the property market in Bengaluru.
The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
The single most important issue in Public Sector Banks is corruption.
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Government divestment reached record figures after the financial crisis, at the same time as promoters were required to bring down their stake in companies to 75 per cent or less.
Institutional investors - both foreign and domestic - lapped up the government's big-ticket share sales on Friday, helping it add nearly Rs 9,000 crore to its revenue kitty.
They expressed concern on taxation issues, the high fiscal and current account deficits, and sought removal of capital gains tax.
China has demonstrated that it has the power to not be isolated, and it is likely to become more powerful over time.
Fewer e-commerce companies hired candidates from B-schools this year.
The 58-year-old go-to man at the consumer goods maker will helm Global Beverages & Foods that will launch confectioneries, juices and snacks in six-nine months.
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