The deal in talking is for the government’s 51 percent stake in HPCL which was proposed for sale under the divestment target. A purchase by ONGC provides the government an opportunity to offload the stake without huge dilution to controlling power as the government holds a majority stake in ONGC too. The current market valuation of a 51 percent stake in HPCL stands at roughly Rs 32,000 crore, that too at a time when markets are at an all-time high. … [Read more...] about ONGC HPCL deal – valuation premium for synergies or to plug the fiscal gap?
Sp 500 market return
It is estimated that India will require millions of tonnes of coal in the coming years, so instead of piling all the responsibility of meeting the demand on one company, it will be better to share the responsibility of supply. India also imports coal in large quantities from other countries which increase the cost. Diversifying the sector will reduce this to reasonable levels. … [Read more...] about Coal India – Taking a new turn in 2020
Ravi Shinde, former president of the Mumbai Petrol Dealers’ Association clarified that the discounts were from the company and not the dealers, who agree that discounts would be “difficult to provide in the current market”.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about State oil cos offering cashback, discounts at petrol pumps to fight competition
Speculated by many as one of the core purpose of the deal, GSPC would see some relief by offloading a substantial portion of the nearly Rs 16,500 crore debt on the balance sheet. With almost a 3200 crore repayment, the transaction would enable a better capital structure and reduced finance costs for GSPC. … [Read more...] about GSPL to acquire additional stake in Gujarat Gas – pain or gain?
AAP national convener and Chief Minister Arvind Kejriwal told Amit Shah on Saturday not to make education a part of "dirty politics" or make fun of the hard work put in by students, teachers, and parents of Delhi government schools. The Delhi chief minister's reply came after Shah alleged that the AAP did not build new schools after coming to power and also that the condition of existing schools deteriorated. … [Read more...] about Don’t make education part of ‘dirty politics’: Kejriwal to Amit Shah