Power Finance Company (PFC) will not be required to make an open offer to minority shareholders of REC after buying out the government's 52.63 per cent stake in the company as it is a related party transaction, an official said.
BSE benchmark Sensex recovered by over 155 points and the NSE Nifty breached the 10,600-mark in opening trade on fresh buying by investors, ahead of release of macroeconomic data later in the day.
The BSE benchmark Sensex recovered by over 155 points and the NSE Nifty breached the 10,600-mark in opening trade Monday on fresh buying by investors, ahead of release of macroeconomic data later in the day.
The overnment is mulling selling as many as 149 small and marginal oil and gas fields of ONGC to private and foreign companies and allow the state-owned firm to focus only on big fields, sources with knowledge of the development said.
Tripura government will soon start dialogue for purchase of 26 per cent equity shares of the Palatana gas thermal power project from the Infrastructure Leasing and Financial Services (IL&FS).
Benchmark stock indices opened on a negative note following weak global cues after the US Federal Reserve left key interest rates on hold last night, but hinted a rate hike next month.
Benchmark indices ended a highly volatile session in the green on firm Asian cues, ending the Samvat year 2074 higher by over 7 per cent. The benchmark Sensex has gained 2,407.56 points, or 7 per cent.
BSE Sensex regained the 35,000-mark by recovering over 200 points at the start of the last trading session of the Samvat year 2074 on buying in auto, banking and metal stocks amid fresh foreign fund inflows and encouraging corporate earnings.
Benchmark BSE Sensex dropped 61 points and settled below the 35,000 mark, tracking weak Asian stocks amid uncertainty around the China-US trade war and fall in rupee.
State-owned Oil and Natural Gas Corp (ONGC) Saturday reported a 61 per cent jump in its September quarter net profit as higher prices offset a dip in oil production.