The government is planning to get rid of the cross holding structure of various oil companies. It is logical to have clean and simple holding structures in any PSU. In fact most PSUs, except in the case of oil companies, have a simple shareholding structure that is probably the reason why other PSUs tend to get better valuation than companies in the energy sector.
It has been nearly five years since the Congress took a severe drubbing at the hands of the BJP in the general elections but the party continues to be stuck in the slush of disarray.
Junior foreign minister MJ Akbar has forcefully defended himself against serious allegations.
Should Life Insurance Corporation (LIC), National Housing Bank (NHB) or State Bank of India (SBI) bail out much-tainted Infrastructure Leasing & Financial Services (IL&FS) that piled up over Rs 91,000 crore in debt? Is it sustainable to pump good money into a bad company even if it holds some very bankable assets?
Piyush Goyal, one of the better performing ministers in the Narendra Modi government, has his task cut out. Reforming Indian Railways is what he needs to go diligently about. The Farakka Express derailment on Wednesday near Rae Bareli has led to 7 deaths and injuries to 60 others.
The Supreme Court’s directive sending three directors of the Amrapali group to police custody will be welcomed by homebuyers. The highest court’s directive to hand over all documents relating to 46 group companies to forensic auditors and give possession of flats to 42,000 buyers carries a big message for real estate companies.
For the last two decades or so, every finance minister in his budget speech has mentioned the need to have a developed and liquid bond market. But the pace at which corporate debt has increased, the development of corporate bond markets leaves much to be desired.
Rising fuel prices have proved to be a good political stick to beat the government with. It happened in the run-up to the general elections in 2014 and it is happening now. Finance minister Arun Jaitley appears to have lobbed the oil prices issue back into the opposition court on a day when the election commission announced polls for five states.
By deciding to go her own way in Madhya Pradesh and Rajasthan, BSP supremo Mayawati fired the first salvo and punctured the whole idea of a mahagathbandhan or grand alliance of opposition parties at the national level.
After the mobilisation of farmers in western Maharashtra by opposition parties, Kisan Kranti Yatra – the long march over 10 days – held by the Bharatiya Kisan Union (BKU) with thousands of farmers is yet another indication of unrest in rural India.