Despite increasing dominance by big players, best returns in stock market in recent yrs have come from small & mid-cap firms, most of which don't enjoy even instant name recognition.
The stock will be included in major Indian indices, including the benchmark Nifty 50, but will not trade until it is listed, possibly in the upcoming annual general meeting.
At current market capitalisation levels, if govt reduces stake in listed companies to 51%, it can earn Rs 1.7 lakh cr from non-financial companies & Rs 1.8 lakh crore from financial ones.
Shareholder capitalism is widely misunderstood. It does not argue for businesses to pursue maximum profit in the absence of any constraints, legal or ethical.
Pakistan failed to understand the fiercely independent psyche of the Afghans and Pashtun nationalism, which has dominated politics in Afghanistan since its emergence in 1747.
Tajikistan did not want to extend the lease because of apparent pressure from Russia & China over non-regional military personnel at the air base, it is learnt.
On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.
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