Brokerages Kotak Institutional Equities and Edelweiss Financial Services expect government to meet and even exceed disinvestment target with multiple disinvestment projects in the pipeline.
Plan and Policy
Plan & Policy
Congress leader Rahul Gandhi appointed his charismatic sister Priyanka Gandhi Vadra to a senior party position on Wednesday that officials say will energise the campaign to oust Prime Minister Narendra Modi in the national election expected in a few months.
Priyanka, 47, has campaigned for the Congress party in previous elections to help her brother, but largely stayed in the wings, letting her brother fully take the mantle of the Nehru-Gandhi dynasty that ruled India for most of its post-independence era.
Railway and coal minister Piyush Goyal has been given the additional charge of finance ministry on Wednesday as Union minister Arun Jaitley has undergone a surgery in New York on Tuesday.
Sources said Jaitley has been advised at least two weeks rest by the doctors.
It now looks certain that Goyal would be presenting the interim Budget next month.
The government will soon approve the power tariff policy which would provide for a penalty for unscheduled power cuts by distribution companies from April 1, Power Minister R K Singh said Tuesday.
"The proposal for tariff policy ready and will soon go for Cabinet approval. The policy provides for penalty for unscheduled power cuts except in the case of technical faults or act of God (natural calamities)," Singh said during an interaction with media persons here.
Corporate India is witnessing an increased demand for senior executives familiar with business and stakeholder experience, said the India Salary Benchmark 2019 report released by global professional recruitment consultancy, Michael Page.
Government has split the post of CMD and USO Fund Administration (USOF) and has appointed Sarvesh Singh of Indian Railways Signal Services Engineering (IRSSE) for a period of five years at Bharat Broadband Network Ltd , in an indication to speed up the implementation of the Centrally funded telecom projects across the country which has either been delayed or stalled.
After surpassing China to become the world’s fastest growing economy, India is all set to repeat the feat in the energy sector dodging its neighbour to become second biggest consumer of fossil fuel globally.
Reclusive billionaire Pallonji Mistry is trying to offload more assets and pay down debt after some of his companies had their debt ratings cut late last year.
State-owned Oil and Natural Gas Corp's (ONGC) Rs 4,022 crore share buyback programme will open on January 29 and close on February 11, the company said in its offer letter to shareholders.
ONGC's board had on December 20 approved buyback of 25.29 crore shares for Rs 159 apiece as part of the government plan to get cash-rich PSUs to part with their surplus.
The government, which holds 65.64 per cent stake in the company, stands to gain about Rs 2,640 crore from tendering some of its shares in the buyback programme.
BJP has launched a scathing attack against West Bengal Chief Minister Mamata Banerjee for denying permission to BJP state president Amit Shah's chopper to land for a rally in Malda.