Government Invites Bids To Sell 50.79% Stake In NMDC’s Nagarnar Steel Plant

NMDC is a central public sector enterprise, under the administrative control of the Ministry of Steel. It is involved in the exploration and mining of iron ore as well as other minerals. The NMDC Iron and Steel Plant at Nagarnar, near Jagdalpur in Chhattisgarh, has a capacity of 3 million tonne per annum and is … Read more

Dharavi Project To See Investment Of Over Rs 20,000 Crore

The project will require the rehabilitation of existing tenants. According to the old survey done in 2008, nearly 58,000–60,000 homes were eligible for rehabilitation. “But now we have to take care of the ineligible people as well, as the numbers have risen since then. A fresh survey will be done, and we are expecting 80,000–1,00,000 … Read more

India’s Fiscal Deficit Till October At 45% Of Full-Year Target

The central government’s fiscal deficit for the April-October 2022 period came to 45.6% of its target for the full fiscal. India’s fiscal position remains comfortable, with data for the first seven months of the financial year showing that less than half the budgeted deficit had been used. The fiscal deficit for the April-October period stood … Read more

Dr Lal Pathlabs To Thyrocare No Longer Have A Covid Windfall. Analysts Aren’t Worried

With windfall sales driven by Covid testing behind, India’s diagnostic players face a return to reality. Companies offering pathology and radiology services recorded a dip in revenues and margins in the first half of the fiscal as demand normalizes on a high Covid base. And there are concerns that low entry barriers and competitive pricing … Read more

Adani-Owned Vishvapradhan Commercial Now Controls NDTV Promoter Entity RRPR Holding

Adani Group-owned Vishvapradhan Commercial Pvt. Ltd. now controls New Delhi Television Ltd.’s promoter group entity RRPR Holding Ltd. RRPR Holding issued equity shares constituting 99.5% of its equity share capital to Vishvapradhan Commercial on Nov. 28, according to an NDTV exchange filing. “The shares have been issued in consonance with the Conversion Notice dated August … Read more

RBI Action On Paytm Unit Increases Regulatory Uncertainty, Says Morgan Stanley

The research house stuck to its ‘equal-weight’ rating and the target price of Rs 695 on the stock, implying a potential upside of nearly 50% from the current levels. Shares of Paytm were up 0.48% at Rs 467.45 apiece at 10:40 am, while the benchmark Nifty 50 gained 0.16%. Citi, in a note dated Nov. … Read more

Justice Gautam Patel And Cyril Shroff On What Is Waiting For Us In The ‘Amrit Kaal’

There are 10 major issues waiting to be resolved in the next 25 years, according to Shroff: 1. Antitrust: The increasing concentration of economic power and control of data among large corporations is going to create several antitrust concerns. 2. Corporate law and the emergence of jurisprudence on stakeholder governance: The Companies Act, 2013 is … Read more