PNB plans to raise Rs 3,200 crore from share sale during the current quarter to enhance its capital base
The initial public offering (IPO) of India's largest insurance company LIC is likely after October this year, a top official said on Tuesday
Petrol prices in Mumbai stood at Rs 92.86 per litre -- the same as yesterday. In Chennai, petrol remained unchanged to sell at Rs 88.82
PSU stocks like IRCTC, BPCL, RCF, and RITES have not seen aggressive selling pressure. A small recovery may see a strong bullishness going forward
Asset quality needs monitoring as Q3's gross NPA ratio of 4.5 per cent is higher than average
Staffers fear the new owner of to-be-privatised firm will move to lower wages
The companies that exited the trillion club are IOCL, NTPC, BPCL, and Coal India
Many think that the Narendra Modi government has spent a lot this year, especially to mitigate issues faced by people in the wake of the coronavirus pandemic. But has it? It’s true that the government has announced stimulus packages to the tune of Rs 30 trillion. But if one were to make a comparison, the govt expenditure this year (till October-end) was roughly the same as last year. Given that expenditure was budgeted to be 13 per cent more this year, it is expected that the finance minister will spend more to expedite economic recovery. But where should she spend? Infrastructure, many say. Yes, of course the government should spend on infrastructure, but will that yield immediate benefits? Watch the video to learn more >
Vedanta currently holds a controlling stake in Cairn Oil & Gas, India's largest private sector crude oil producer, and maybe the keenest to diversify into the refining business
The board also approved a proposal to approach the Madhya Pradesh government for acquiring 2.69 crore warrants held by it in BORL
Proposes to merger Bharat Gas Resources with itself
Here are the top headlines on Tuesday morning
The Ministry of Petroleum and Natural Gas has been asked to give its views on the response and the process so far
The RSI has recently indicated a trend reversal and is on the rise to show strength in BPCL
BPCL is India's sixth-largest company by turnover.
The Indian basket crude oil touched $47.41 a barrel on November 26 as against average crude oil prices of $41 a barrel in the first fortnight of November this year
BPCL has around 73 million LPG consumers, while Indian Oil has 134 million and HPCL around 78 million
Marketing margins to support earnings, while refining outlook can improve with vaccine launches driving global economic recovery
Unlike Air India, the winning bidder for BPCL can easily bank on this revenue churner to recover the cost of acquisition
Analysts highlight the doubts over Vedanta's ability to raise finances for such acquisition