The government plans to fully sell stakes in BPCL, Air India and other public sector undertakings that have been listed for sale in the current fiscal, apart from working on the asset monetisation plan worth Rs 6-lakh crore. The government is reportedly expecting dividends worth Rs 50,000 crore from public sector units for the current …
Good news for the traders. After a pause of nearly three months, energy exchanges IEX and PXIL will begin trading renewable energy certificates on October 28. The green certificate trading stopped in July after the Appellate Tribunal for Electricity (APTEL) decided to suspend REC trading for four weeks over a pricing dispute with Central Electricity …
Today, the Reserve Bank of India announced its decision to discontinue the Incremental Cash Reserve Ratio (I-CRR) in a phased manner. This decision comes after a careful assessment of current and evolving liquidity conditions in the financial market. Before moving on to the incremental cash reserve ratio, we need to understand the cash reserve ratio …
New Delhi is gearing up to welcome some of the world’s most influential leaders for the G20 Summit 2023 this weekend. The delegates will be accommodated at the impressive Bharat Mandapam complex within Pragati Maidan. This top-notch convention centre will serve as the hub for diplomatic engagements, bilateral discussions, and various summit-related activities. What is …
Power Stocks Trading – Top Gainers and Losers Below is a tabular representation of the top gainers in the stock market on 29 December 2021. Name of the Stock Up by Rectifiers 8.76% Energy Development Company 4.96% Karma Energy 4.95% Indowind Energy 4.89% Orient Green Power Company 4.75% NTL 4.69% RTNPOWER 4.65% Suzlon Energy 4.49% …
The G20, also known as the Group of Twenty, is a group of 19 countries and the European Union that work together on global economic problems. It was created in 1999 because of big economic issues around the world. The G20 includes countries with very big economies, and together they make up about 80% of …
The Government of India will formulate a new policy to streamline the approval process of public-private partnership (PPP) initiatives. This new policy will help speed up the process of public and non-public partnership projects gaining clearance. Nirmala Sitharaman mentioned this new policy in her announcement of several fiscal measures on Monday. She said that the …
The markets have been rife with expectations of ONGC taking a stake in HPCL eventually culminating in a full-fledged merger of ONGC and HPCL. In his Budget speech, Arun Jaitley had spoken at length about creating an oil behemoth which could take on the global oil giants in terms of size and influence. So how …
As commodity exchanges throughout the world battle the unprecedented impact of coronavirus, India exchanges have not remained untouched with the ongoing fiasco. Commodity traders all over the world will never forget the day when crude oil prices fell below zero for the first time in history. That sent everyone into a panic and some brokers …
HCL Technologies posted an 8.5% sequential rise in consolidated PAT (Profit after Tax) to Rs. 3214 crores in the first quarter of June 2021. The IT services major reported a 2.2% on-quarter rise in consolidated revenue to Rs. 20068 crores, a number slightly below most market analysts’ expectations. On a full yearly basis, HCL Tech’s …
