The disinvestment department had dropped the names of state owned firms, BSNL and Coal India. According to them the current valuations are too low as compared to 2008 valuations and it does not reflect the potential of these companies. Though government might disinvest some part of BSNL quickly.
Continue reading BSNL and CIL Out of Disinvestment List
SBI targets to grow loans by 18 per cent in FY10
SBI says that it will definetly hit 16% loan growth but is targeting to take it to 18%. SBI and its associates controls almost a quarter of Indian bank loans and deposits.
Indian Markets are Costly, looking at the long term fundamental
Bhopal: Sugar On Rise, Who is responsible?
The current increase in the Sugar prices is due to lesser production of Sugarcane but government has also played a role by giving out statements that rates will rise further. Also, many of the businessman who had got license to stock sugar have been keeping lower stocks, resulting into more than actual shortage of sugar.
Our View: The black marketing is still on the market and people are making a lot of money by using the situation to their advantage.
Now watch out for reforms in Education Sector
Continuing its objective to attract NRIs, government on Saturday assured them at Pravasi Bharatiya Divas (as told by Montek Singh Ahluwalia) that regulatory constraints would be relaxed to encourage them to invest in the Education sector. It is very important that the country concentrates on skill development to achieve 10% economic growth.
Continue reading Now watch out for reforms in Education Sector