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Top 10 biz headlines: Govt plans 3 CPSE ETFs, ITC board meeting, and more

From Govt's 3 CPSE ETFs plan to ITC board meeting, Business Standard brings you top 10 stories that made news on Sunday

ETF, investment, Bharat 22
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Illustration by Ajay Mohanty

BS Web Team
Centre plans 3 CPSE ETFs in FY20 to meet Rs 90,000-cr disinvestment target

The Ministry of Finance’s Department of Investment and Public Asset Management (DIPAM) is examining plans to launch three equity exchange-traded funds (ETFs) in the current fiscal year, Business Standard has learnt.

DIPAM expects that the three ETFs will be attractive to investors who want to invest in specific sectors, and will help the Centre meet an ambitious Rs 90,000 crore disinvestment target for 2019-20 (FY20). Read more here 

After staples, discretionary categories feel the pinch of slowdown

Riyaaz Amlani, chief executive officer (CEO) and managing director (MD), Impresario