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Cabinet approves sale of 5 PSUs; 2 year moratorium on spectrum dues

Finance Minister Nirmala Sitharaman on 20th November, said the Cabinet has given the in-principle approval for disinvestment in select CPSEs. This includes the government’s stake of 53.2 percent Bharat Petroleum Corporation Limited (BPCL). This is excluding BPCL?s 61% equity shareholding in Numalighar Refinery, based in Assam. Entire management control of BPCL to be transferred to …

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RIL MCap closer to Rs 10 lakhs crore, is it a part of your portfolio?

On Tuesday share price of Reliance Industry rallied 3.87 percent intraday and became the first company among listed entities on exchanges to hit a market capitalisation of Rs 9.5 lakh crore, after the rival Vodafone Idea and Bharti Airtel decided to increase prices from next month. The share spiked on the expectations that the increase …

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Bharti Airtel on 52 Week Hihg, Voda Idea up more than 20% for second day, is it time to book profit?

Share prices of leading telecom operators Bharti Airtel and Vodafone Idea rallied on Tuesday?s early trade and continued its rally on Wednesday trade as both the firms had announced a tariffs hike starting next month. However, there was not any guidance on theamount of the hike or the subscriber segments to be impacted by the …

Bharti Airtel on 52 Week Hihg, Voda Idea up more than 20% for second day, is it time to book profit? Read More »

CSB Bank Ltd – IPO Review

[vc_row][vc_column][vc_column_text] Company Background Incorporated in 1920, Kerala based CSB Bank Ltd, formerly known as Catholic Syrian Bank, is one of the oldest private sector banks in India. The bank has a significant presence in Kerala, Karnataka, Tamil Nadu and Maharashtra. Company offers a wide range of products and services to our overall customer base of …

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How the landmark decision by the Supreme Court on Essar Steel will benefit Banks?

Public sector banks were the key gainers on Friday after the Supreme Court of India said the resolution of Essar Steel would proceed as per the October 2018 plan, clearing the way for ArcelorMittal to acquire the bankrupt company. The Nifty PSU Bank itself gained nearly a percent on top of 3.3 percent gains.  The …

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Higher prices mean gold loses its lustre for Indian buyers – The National (UAE)

The National (UAE)                                                       Published On: November 16 More expensive products and weak consumer sentiment mean gold demand will fall to lowest level in three years, says World Gold Council …

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CERA SANITARYWARE LTD. – Initiating Coverage (BUY)

[vc_row][vc_column][vc_column_text] We recommend ?BUY? on CERA SANITARYWARE LTD for a target of INR 3077 – valuing the company at P/E 25x of FY21E Earning. INVESTMENT RATIONALE: Largest Market Share, Deep Customer Connect and Elevated Brand Promise Robust Financial Position Wide Product Portfolio incorporating Design Excellence and Deep Technology Imprint Wide Distribution Network and Comprehensive Marketing …

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