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.
The US and Israel’s assassinations of Iranian leadership ended up bestowing martyrdom on those killed. Shias saw the deaths as a continuity of martyrdom from the Battle of Karbala.
India’s fast-growing data centre sector may strain state electricity networks; Central Electricity Authority has urged Maharashtra, Andhra Pradesh, Telangana and Tamil Nadu to boost capacity.
Theaterisation, which aims to divide the forces into three theatres with specific areas of responsibility, will become the single most far-reaching reform that the Indian military has witnessed since independence.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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.