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The draft Bill, which has been sent for approval by the Union Cabinet before introducing it in Parliament, seeks to remove the 51% floor on government holding, official sources told TOI. Foreign investors will be able to hold up to 74% in the divested general insurance firm subject to Indian management and control, government sources said, while ruling out any plan to sell New India Assurance or GIC.
Stocks in the news: Infosys, YES Bank, Vedanta, Ansal Properties, Union Bank and Coromandel InternationalYES Bank board has approved promotion of Niranjan Banodkar as the Group Chief Financial Officer (CFO).
from Stocks-Markets-Economic Times https://ift.tt/2X43lBX
… Read MoreCVD likely on Malaysian Clear Float GlassIn the notification, the authority said that the domestic industry has submitted that it is currently going through a deep crisis due to the prolonged lockdown in India.
from Stocks-Markets-Economic Times https://ift.tt/2MlU… Read More2021: Freakish high growth & 3 big thingsIndian economy has shown resilience amid Covid and low GoI debt creation may aid recovery. But without deep reforms new normal will be 6%, not 8%
from Stocks-Markets-Economic Times https://ift.tt/3pAaNkH
… Read MoreTrading volumes remain high despite higher margin normsThe volumes show liquidity is not a major issue for the Indian retail investor. Volumes are unlikely to go down drastically because of a sharp market rally, increase in client margin through pledge of shares and a gradual str… Read MorePharma, IT funds among top performers this yearInternational funds which allocate money in overseas markets also benefited as investors disappointed in the performance of domestic equity schemes shifted a portion of their money to these products.
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