By Administrator_India Capital Sands The Union Cabinet has paved the way for the much-awaited policy on the privatisation of public sector undertakings (PSUs), and its details are expected to be announced in the Union Budget. The policy, which will lay out a road map for the presence of government-owned entities in strategic and non-strategic sectors, was taken […]
By Administrator_India Capital Sands With farmers’ protest disrupting normal lives in several parts of the national capital Delhi, the Indian Railways on January 26 announced that it would offer a full refund to passengers who were unable to board trains departing from all stations of Delhi area up to 9 pm on Tuesday. The Indian […]
By Administrator_India Capital Sands The COVID-19-induced lockdown caused a massive disruption in economic activity, leading to an unprecedented fall in credit demand and financial well-being. Budget 2021 should aim at enhancing credit supply to the deserving, yet credit-starved segments of our society, thus incentivising financial savings for long term. Here is my wish list for […]
By Administrator_India Capital Sands The BSE Sensex, a gauge of the performance of India’s leading 30 stocks, hit the 50,000 milestone for the first time on Thursday, a remarkable feat considering the country’s gross domestic product (GDP) is set to post its biggest-ever contraction this financial year due to the impact of the Covid-19 pandemic. […]
By Administrator_India Capital Sands Facebook plans to go all-out to “allay fears” over its intended privacy policy changes, for which it will take up ad campaigns and interactions with users and government stakeholders over the next few months. Sources told the Business Standard the campaign would clarify that the updated policy would be applicable to interactions […]
By Administrator_India Capital Sands The three-day initial public offering (IPO) of Indigo Paints will open for public subscription on Wednesday, January 20, and will close on January 22. The price band has been fixed at Rs 1,488-1,490 per share for the initial share sale. At the upper end of the price band, the public issue is expected […]
By Administrator_India Capital Sands The benchmark Sensex fell 470.4 points on Monday, extending its two-day slide to 1,020 points, or 2.1 per cent. Concerns over the pace of economic recovery amid a strong second wave of infections globally is prompting investors to scale back bullish bets, say experts. Also, rising US bond yields and strengthening […]
By Administrator_India Capital Sands India’s second-largest telecom company Bharti Airtel is lining up a $1-billion fundraise via perpetual bonds, The Economic Times reported. A perpetual bond is a fixed income security with no maturity date. According to the report, the telecom major floated the plan to half a dozen MNC banks as it targets foreign […]
By Administrator_India Capital Sands HCL Technologies on Friday posted a 34.8 per cent year-on-year (YoY) jump in its consolidated net profit to Rs 3,969 crore for the December 2020 quarter (FY2021) from Rs 2,944 crore posted in the same period last year. While sequentially, the figure rose 26.2 per cent. Meanwhile, the revenue for the quarter […]
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