The market capitalisation of 48 PSUs have spurted by a whopping Rs 1.89 lakh crore in the past five trading sessions, with these state-run companies suddenly turning investors' darling.The total market capitalisation of the PSUs on the Bombay Stock Exchange's PSU index soared by Rs 1.89 lakh crore to Rs 17,40,573 crore in mere five trading sessions since November 5 when the Cabinet said that public...
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capitalisation of 48 PSUs have spurted by a whopping Rs 1.89 lakh crore in the past five trading sessions, with these state-run companies suddenly turning investors' darling.The total market capitalisation of the PSUs on the Bombay Stock Exchange's PSU index soared by Rs 1.89 lakh crore to Rs 17,40,573 crore in mere five trading sessions since November 5 when the Cabinet said that public holding in...
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Shares of state-run firms dominated gainers in BSE's 'A' group after the government on Thursday mandated more sales of shares by state-run firms. The government said all profitable, listed state-run firms must have at least 10% of their shares in public hands, and unlisted firms that had a positive net worth, no accumulated losses and a net profit over the past three years should list.State-run trading...
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Bombay Stock Exchange benchmark Sensex today pared a big chunk of gains posted in early trade but still managed to end the higher by 94 points to extend the winning streak for the third consecutive day. The 30-share index closed at 16,158.28 points, higher by 94.38 points. The wide-based National Stock Exchange index Nifty gained 30.60 points to settle at 4,796.15 points. PSU stocks, led by MMTC, were...
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Extending gains for the third day in succession, the Bombay Stock Exchange sensitive index, Sensex, closed higher by 94 points at 16158.28 on Friday even though it lost a big chunk of gains posted in early trade. It closed at 16063.90 on Thursday.Sensex shot up by over 200 points in the morning taking positive cues from Asia where indices mirrored robust show by Wall Street overnight.Banks and financial...
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NEW DELHI: The government’s plan to ensure a balanced growth of the power market in the country by encouraging trading of power has received a severe jolt with as many as six companies surrendering their trading licence to power sector regulator Central Electricity Regulatory Commission (CERC). More surrender of licences are in the pipeline in the coming months from companies such as MMTC, Jindal Steel...
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Seven of the country's top-10 firms lost a total of over Rs 69,000 crore from their market capitalisation, while state-run NTPC and IT bellwether Infosys Technologies saw their valuations rise. The numero-uno in the list, Reliance Industries Ltd (RIL) saw its valuation dipping by Rs 29,157.16 crore to Rs 3,36,395.96 crore for the week ended October 24. Shares of the company declined nearly eight per...
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State-owned MMTC has joined hands with Switzerland’s metal refiner PAMP to form a joint venture company that would produce gold, silver and brass medals having pictures of historic sites in India as well as other countries. MMTC will sell the precious medals bearing pictures of global heritage sites to help raise public awareness about preserving them.MMTC-PAMP India Pvt. Ltd. has also tied up with...
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NEW DELHI: The government will take at least a year to divest equity in state-run trading firm MMTC Ltd, the company's chairman, Sanjiv Batra, told reporters on Wednesday. "The government has not set a timeline for us. It takes not less than 12 months to hit the market," he said....
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State-owned trading firm MMTCtoday said it will sell medals made of gold, silver and brassbearing pictures of global heritage sites next year to helpraise awareness about preserving them.MMTC-PAMP India Private Ltd, a joint venture mainly forgold refining, has joined hands with the United NationsEducational, Scientific and Cultural Organisation and itsWorld Heritage Centre to launch a programme to...
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