Global markets took a beating on Monday as fears of a full-blown trade war escalated. The Dow Jones had a rollercoaster day, plunging over 650 points after a brief recovery — marking its third straight session in the red. The trigger? US President Donald Trump’s aggressive tariff hike on key trading partners. Market veteran Jim […]
SEBI exempts govt from open offer rule on Vodafone Idea debt-to-equity conversion – CNBC TV18
The Securities and Exchange Board of India (SEBI) has exempted the central government from the obligation to make an open offer after converting Vodafone Idea’s spectrum dues into equity. The exemption allows the government to increase its stake in the telecom operator from 22.60% to 48.99% without triggering a mandatory offer to minority shareholders. SEBI’s […]
Govt seeks merchant bankers for stake sale in PSU banks, financial institutions – CNBC TV18
The Department of Investment and Public Asset Management (DIPAM) has invited bids from merchant bankers to assist in the government’s proposed stake sale in public sector banks (PSBs) and listed public financial institutions (PFIs). Company Value Change %Change According to the request for proposal (RFP) floated on Monday, the selected bankers will be empanelled for […]
Budget 2025: IDBI divestment is on track, says DIPAM Secretary Arunish Chawla – CNBC TV18
The long-awaited divestment of IDBI Bank is moving forward as planned, according to Arunish Chawla, the Secretary of the Department of Investment and Public Asset Management (DIPAM). Chawla reassured stakeholders that the process is “on track,” though he refrained from providing specific details at this time. “I can assure you it’s on track, and in […]
BPCL MD on impact of Russia sanctions, Trump’s oil policy, and hope for LPG subsidy – CNBC TV18
Bharat Petroleum Corporation (BPCL) could face a short-term impact of 1-2 months on its operations as it adjusts its crude oil sourcing mix amid the evolving geopolitical situation. With sanctions on Russian crude oil tightening, the company is rebalancing its purchases by increasing supplies from Saudi Arabia and the United States. However, this shift comes […]
Dividend Stocks: Two railway companies pay ₹1,100 crore as payout to the government – CNBC TV18
State-run railway companies, Indian Railways Finance Corporation (IRFC) and IRCTC has paid a total of ₹1,100 crore as dividend tranche to the govermment. Company Value Change %Change The department of disinvestment (DIPAM) shared on social media platform “X”, that IRFC had paid ₹903 crore as dividend, while the other ₹200 crore has come from IRCTC. […]
BPCL approves green energy JVs with Sembcorp and GPS Renewables – CNBC TV18
State-owned Bharat Petroleum Corporation Ltd (BPCL) on Thursday (September 12) said its board of directors, in a meeting, approved two joint ventures aimed at supporting the company’s energy transition and net-zero initiatives. BPCL will enter into a 50:50 joint venture with Sembcorp Green Hydrogen India Private Ltd (SGHIPL) to develop renewable energy and green hydrogen […]