The CPSE index tracking these companies has fallen 30% since its peak last year, compared to a 13% fall in benchmark Sensex. Shipping & banking stocks the biggest losers.
In episode 605 of #CutTheClutter, Shekhar Gupta parses numbers to highlight how public sector firms and banks lost Rs 6.9 lakh crore in value in 6 years.
Public sector firms and banks’ total market capitalisation was Rs 19.1 lakh crore in May 2014, but by 28 October 2020, they have lost Rs 6.9 lakh crore.
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
Wholesale disinvestment is the need of the hour. These babus will never mend their ways. Most of these babus are from the Hindi heartland of Bihar, UP, Haryana, MP and Rajasthan. They bring their regressive culture to these organizations which includes a pathetic work ethic. These entitled babus would not last a day in the private sector.
Wholesale privatization is the need of the hour. The Modi government must not be afraid of employee unions.
Welcome to extreme left wing, government occupying commanding heights of economys Modi Raj.
Wholesale disinvestment is the need of the hour. These babus will never mend their ways. Most of these babus are from the Hindi heartland of Bihar, UP, Haryana, MP and Rajasthan. They bring their regressive culture to these organizations which includes a pathetic work ethic. These entitled babus would not last a day in the private sector.
Wholesale privatization is the need of the hour. The Modi government must not be afraid of employee unions.