Amid ballooning fiscal deficit, the government on Tuesday categorically said that it has 'no intention' to monetise its debt, which implies that it will not directly borrow from the Reserve Bank of India. As fiscal deficit is projected to be at 6.8 per cent of gross domestic product this fiscal and the government has pegged its market borrowings at around Rs 4 lakh crore (Rs 4 trillion) for 2009-10.
Among other things, the company is considering monetising the Global Village tech park located off Mysore Road in Bengaluru, for which private equity major Blackstone was said to have shown interest.
Congress leader Rahul Gandhi on Wednesday slammed the government over the rising price of domestic cooking gas, diesel and petrol, and alleged that an amount of Rs 23 lakh crore has been earned by increasing prices of these commodities in the last seven years.
Banks reported muted treasury gains during April-June of FY25 (Q1FY25) following Reserve Bank of India's (RBI's) revised norms on investment portfolio effective from April 1, 2024, despite softening of government bond yields. "Banks have reported muted treasury gains during Q1 of FY25 despite softening of yields across the curve. "The main reason was change in the investment valuation and classification guidelines by the RBI.
Info Edge (India), the country's leading consumer internet company known for its platforms in recruitment (naukri.com), real estate (99acres.com), matrimony (jeevansathi.com) and education (shiksha.com) space, delivered revenue growth in line with expectations in the April-June quarter (Q1) of FY25.
CRISIL Ratings on Thursday placed the long-term bank facilities and debt instruments of Vedanta Limited under 'rating watch with negative implications', the agency said in a press statement. CRISIL said the ratings may also be downgraded if Vedanta is not able to bring down its end-of-year financial leverage to below 2.7 times through asset monetisation, which is to be completed by December this year.
The Bureau of Indian Standards has certified 33 hallmarking centres in the country to act as collection and purity testing centres for the gold monetisation scheme.
"To use this spectrum, BSNL has gone for a franchise model on a revenue-sharing basis. As per the provision of expression of interest and agreement signed with the franchisee companies, they are required to pay amortised value of spectrum/ cost to BSNL on monthly basis," Minister of State for IT & Telecom Gurudas Kamat said in a written reply to the Lok Sabha.
A workshop has been organised in Mumbai to come up with suggestions.
Zee Entertainment on Friday said it has "pruned" its Technology and Innovation Centre (TIC) by about 50 per cent following the guidance of a special committee, which had conducted a critical assessment of its several business verticals. The MD & CEO has pruned TIC staff strength by 50 per cent to achieve a cost-effective structure, a Bengaluru-based business vertical of the company that offers technology solutions, Zee Entertainment Enterprises Ltd (ZEEL) said in an official statement.
The government also sought approval from Parliament for equity infusion worth Rs 2,345 crore into struggling Air India and another Rs 1,300 crore for Air India Asset Holding.
For India to monetise gold, it is not the institutional depositor that policymakers must target but the average retail depositor.
Mumbai-based developers Macrotech Developers (Lodha) and Oberoi Realty have emerged as top gainers among largecap realty stocks over the past month, with gains ranging from 29 per cent to 33 per cent. Strong ongoing sales trends in Mumbai's core market, record bookings in the January-March quarter, and healthy guidance for 2024-25 (FY25) have propelled these companies, which derive the majority of their revenues from India's financial capital.
'In the audience's mind there is no urgency to go see a film in the theatre.' 'If you pay for social media buzz it does not convert into bums on seats.'
Conversion into jewellery during redemption would entail 15-20% wastage and making charges, rendering the scheme inefficient
Union Finance Minister Nirmala Sitharaman, along with her team of bureaucrats, delved into the fine print of the 2024-25 Budget documents in a press conference, detailing the government's road map on bringing down the debt-to-GDP ratio and bold tax measures.
The country's leading cement maker UltraTech on Thursday said it will acquire a 23 per cent stake in its Chennai-based rival India Cements Ltd, in a deal estimated to be around Rs 1,885 crore. As part of the transaction, UltraTech Cement will acquire 7.06 crores equity shares of India Cements at a price of up to Rs 267 per share, according to a regulatory filing from the Aditya Birla Group flagship firm.
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
IDBI Bank, SBI, ONGC & PFC show interest in carrier's central Delhi land. Proceeds from the asset sale would be used to clear the government-owned airline's debt.
Railways and port trusts have 60,000 acres of prime land for commercial use; nod for use of land with 50 loss-making PSUs on the cards.
The RBI's big decision is not how much to ease but whether to monetise the fiscal deficit.
The finance minister continues to be backed by the same policy team in charting out the broad strategy as in the few earlier Budgets.
In discussion with IPL to create brand positioning campaigns and even an IPL profile page for Orkut users, Google is serious about monetising its social media portal. "Last year, we built a stronger base of marketers and invested in internet advertising. In 2009, we should make revenues from our social media platform," says Google India Managing Director Shailesh Rao.
'Inter-ministerial coordination, information on the proposed PSUs, and due diligence are taking longer than expected to conclude the process.'
As per the Interim Budget 2024-25 document tabled in the Lok Sabha, the government is not expected to receive any money from monetisation of public assets in the current fiscal.
Banks can also allow the depositors to deposit their gold directly with the refiners.
'The expeditious enactment of labour codes and strategic measures to bridge the skills jobs gap are critical.'
'Two in three creators in India who earn money from YouTube agree that YouTube is their primary source of revenue.'
India imported 967 tonnes of gold in 2014-15.
Finance Minister Pranab Mukherjee on Tuesday sought to soothe industry's and stock market's nerves by saying that the government would not monetise the fiscal deficit. Spending a good part of his reply in the Lok Sabha on allaying fears over the seeming lack of reforms in his July 6 Budget, Mukherjee promised a roadmap for disinvestment in public sector undertakings and the financial sector.
The way video is being watched and monetised is changing. This is the first thing that stands out as the penetration of smart TVs continues to rise.
The temples are concerned about the religious sentiments of the devotees who donate gold ornaments in the name of the deities
'Banks make money because they take the right credit calls. So they need to focus on risk mitigation rather than risk avoidance.'
The scheme is yet to take off.
India's production-linked incentive (PLI) scheme, which aims to make domestic manufacturing globally competitive, has attracted investment worth over Rs 45,000 crore and has also created three lakh jobs, NITI Aayog CEO Parameswaran Iyer said on Monday. The government has rolled out the scheme with an outlay of about Rs 2 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, pharma, textiles, food products, high efficiency solar PV modules, advanced chemistry cell and speciality steel. "The PLI programme has already started showing results.
Is looking to raise Rs 3,000 cr.
The Essar Group is raising $3.59 billion (Rs 14,360 crore) against its 33 per cent stake in Vodafone-Essar. The loan will be the largest fund-raising through the share monetisation route by an Indian company.
Govt should take steps to monetise real estate investment schemes.
Loan against gold as a product is catching on fast. Let's keep the momentum going, but aim for sustainable growth. A few bad apples should not ruin the brunch, argues Tamal Bandyopadhyay.
Gold monetisation scheme will help unlock value of gold.
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