CPSE ETF to hit market this month, 10 PSUs to be part of the fund

FM Chidambaram

THE proposed Central public sector enterprises (CPSE) Exchange Traded Fund (ETF), which will comprise shares of 10 blue chip state-owned firms, is likely to hit the market this month. An Empowered Group of Ministers (EGoM) met on Monday to give a final shape to the proposed ETF, which is a security that...

State-owned MTNL, BSNL merger before LS polls?

WILL the government be able to merge beleaguered state-owned telcos, Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL)? The government seems to wrap up the plan for BSNL-MTNL merger on priority basis before the electoral model code of conduct comes into effect. At least this is the impression that communications and information technology minister Kapil Sibal gave to reporters on Friday in Mumbai when he said...

ONGC, OIL to bail out govt on IOC disinvestment at the cost of their balance sheet

PUBLIC sector oil majors Oil and Natural Gas Corporation (ONGC) and Oil India Limited (OIL) are all set to bail out the government on disinvestment in Indian Oil Corporation (IOC) by acquiring 10 percent stake by next week. Experts, however, fear that this will have a negative impact on the...