The BIBCOL factory in UP’s Bulandhshahr was at the forefront of India’s fight against polio. But it hasn’t produced a single vaccine since December 2022 despite being in working order.
PSUs & capex-linked stocks have been showing strong growth, driven by 'narrative' of Modi's infrastructure creation. Now, investors will likely rely on underlying company fundamentals.
Union Finance Minister said that it was Congress that left India crippled, relying heavily on imports rather than empowering PSUs such as Hindustan Aeronautics Limited (HAL).
Driven by govt’s infra push, Make in India & transition to green energy, PSUs across sectors have seen their stocks jump more than 100% in one year, even by 300-400% for some.
Professor D. Manjunath's paper, yet to be peer reviewed, cites rise in number of students going abroad, lure of PSU jobs & ‘declining quality’ of Master’s courses as possible reasons.
Years of high disinvestment led to public sector company stocks falling even when overall markets were rising. Govt’s easing back on disinvestment has helped turn this around.
Centre expected to raise Rs 65,000-cr through disinvestment & privatisation of state-run firms this financial year. Govt official says move aimed at ensuring resources aren't wasted.
Modi govt was expected to bring legal changes in banking laws to facilitate privatisation of PSU banks, but couldn’t after a nationwide protest by bank employees' unions.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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