Dear FM, it'll be nice to see some Budget innovations to fund capex, create demand
On a headline basis, we expect fiscal deficits of 3.7%/3.4% in FY20/21, said Chhaochharia.
Stock multiples looking pricey due to under-trend earnings: Rahul Bhasin
Valuation distortions need to be seen in the context of cost of mone...
Axis Bank, L&T drive Sensex 250 points higher; Nifty tops 12,150
Broader markets were steady and traded in line with their headline peers.
Air India to set up internal panel to address privatisation-related issues of employees: Source
At a meeting between the minister and representatives of over a dozen Air India unions in New Delhi on Monday, the minister also "assured" the employees of full payment of their arrears, according to the source.
Air India unions to demand voluntary retirement scheme in Monday meeting
"Our members have been approaching us and want us to discuss a voluntary retirement scheme package with the government as it is expected that our job will be protected only for one year post privatisation. We are going to raise this issue at the meeting with the minister on Monday," an airline source told PTI.
Govt may privatise Indira Gandhi Udan Academy soon
Indira Gandhi Rashtriya Udan Academy (IGRUA), the pilot training institute that was the brainchild of former Prime Minister Rajiv Gandhi, will soon be in private hands with the Modi government deciding to privatise it.
FOMO driving consumer stocks higher, says Deepak Shenoy
We are also very fond of City Union Bank and Bandhan Bank, says Shenoy.
This group’s stocks rallied 50% in last one year: What’s driving this bull run?
Apart from upbeat fundamentals, the group’s insurance players were in the limelight.
View: For the economy to grow, here's what the govt exactly needs to do
When options are limited, 'reorienting' the State’s priorities is applicable to the businesses it owns.
Air India will keep on running till it is privatised: Aviation minister
"Air India is running. Air India will keep on running. But Air India has to be privatised because it is incurring a daily loss of Rs 20-26 crore. This is taxpayer's money that can be more profitably spent," Aviation Minister told reporters. While disinvestment-bound Air India's net loss in 2018-19 was around Rs 8,556 crore, its current total debt is around Rs 80,000 crore.
Vedanta's Anil Agarwal bats for privatisation
"I have acquired four government companies. All four have become three times more (in terms of) production and have shown tremendous capability," Agarwal said. Drawing attention to what a difference private ownership can make, he said that these companies are still being run by the public sector employees. "The government has no business to be in a business."
View: Modi finds his inner Thatcher with privatisation drive
Most importantly, India should set its sights at something higher and more durable than a crisis response.
ET Explains: The long and short of Modi govt's big-ticket privatisation drive
The move to privatise some of these big state-run firms reinforces Modi govt's reform credentials.
Public sector officers’ association against privatisation of BPCL
Representatives of officers’ associations from several state-run companies such as BPCL, Indian Oil, ONGC, GAIL, NTPC, SAIL and BHEL said at a press conference on Monday that BPCL’s proposed privatisation was like killing the golden goose and would hurt the economy, government’s social welfare programme and energy security.
Niti moots Rs 22,500-crore plan for private trains on 100 routes
Niti & Railways have come out with a discussion paper for running 150 trains on 100 routes by private players.
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