Engineers India

Govt to sell stake in Oil India, NTPC, three more public firms

At the current market prices, the stake sale in five public sector enterprises could fetch the exchequer around Rs 11,500 crore.

Finance ministry plans revamped CPSE ETF by October; EPFO, NPS to park fund

The government had first launched a CPSE ETF, comprising scrips of 10 PSUs, in March 2014 under which retail investors have to invest a minimum of Rs 5,000 to buy units.

Uniparts India, VRL Logistics among five firms to get Sebi nod for IPOs in Feb

Most of the companies plan to utilise IPO proceeds for capacity expansion as well as working capital requirements.

Coal India to decide on interim dividend on 14 Jan

The Finance Ministry, seeking to meet its disinvestment target of Rs 40,000 crore for current financial year, wants CIL to dole out a special dividend if the government's stake sale does not take place.

Govt clears ETF for public units to push disinvestment

The Cabinet on Thursday approved the setting up of a CPSE Exchange Traded Fund (ETF) which is expected to speed up disinvestment programme, check volatility in share price movement and encourage retail participation.

Chidambaram may squeeze PSUs for cash as asset sales falter

A shortfall in sale proceeds this year will compound the formidable challenges Chidambaram faces. The economy is growing slower than the official forecast, hurting tax revenues. He is widely expected to meet his deficit target, but he may yet have to find other revenue sources or cut deeper into spending.<br /><br />

To confirm bull rally, Nifty 5,400 will have to be breached

The Nifty has crossed the 5,100 milestone, but the key number to watch is 5,400 to confirm the bullishness. Thermax and Engineers India may be short-term punts.