Main titles: privatization of the PSU, joint venture InterGlobe-UPS, etc.


Privatization of the PSU: the Center requests a legal declaration from the bidders

After halting the privatization of Central Electronics (CEL) and Pawan Hans over legal issues, the Center introduced changes to the privatization process by seeking a legal declaration from bidders that they have not been convicted by any court , neither charged nor received an adverse order. regulators for a serious violation. The changes were introduced in the privatization process, currently underway, for Ferro Scrap Nigam (FSNL). Read more…

The jump from 5G to 6G: the new technology needs a “global” ecosystem

In a few days, the Union cabinet will give the green light to the 5G auction. Given that Prime Minister Narendra Modi made it clear last week that the government would support the deployment of 5G as an “important step towards autonomy in critical and modern technologies”, the deadlines will hold. In view of this, it is now important for the Telecom Regulator, Telecom Regulatory Authority of India (Trai), Group of Secretaries, Digital Communications Commission (DDC) and Union Cabinet to get the prices and range of waves offered to the industry just right. Read more…

InterGlobe and UPS in a 50/50 joint venture to enter the Indian logistics market

InterGlobe Enterprises, from billionaire airline owner Rahul Bhatia, is embarking on a new business – logistics and freight. InterGlobe has formed a 50/50 joint venture with Atlanta-based logistics giant United Parcels Service (UPS).

People familiar with the development said UPS is looking for a local partner to expand its business in India, which has largely stagnated compared to global counterparts like DHL and FedEx. UPS launched a company, Iris Transportation Service, in 2021 in which InterGlobe took a 50% stake in the middle of last year. Read more…

Passive funds set to get boost as Sebi eases market making, NFO and ETF rules

The passive fund industry has received a major boost from the Securities and Exchange Board of India (Sebi), which industry players believe could help double less assets under management (AUM) of five years. The market regulator has relaxed several rules regarding market making, the launch of new fund offerings (NFOs) and the promotion of exchange-traded funds (ETFs) through a circular titled “development of passive funds”. Read more…

Quad countries make infra $50 billion effort for Indo-Pacific to counter China

In response to China’s Belt and Road Initiative, the Quad countries – India, the United States, Japan and Australia – agreed on Tuesday to provide more than $50 billion in assistance to the Indo-Pacific region over the next five years to address infrastructure gaps. . “We reaffirmed our shared commitment to deepening cooperation on infrastructure, which is key to boosting productivity and prosperity in the Indo-Pacific region. We are committed to working closely with our partners and the region to drive public and private investment to close the gaps,” Quad executives said in a joint statement. Read more…

Skyrocketing valuations of Adani Group companies undisturbed by market correction

The recent stock market correction has done little to shake the exorbitant valuation of Adani Group companies. Adani Group companies remain among the most expensive stocks on stock exchanges, with a combined price-to-earnings (P/E) multiple of 105.3x and a price-to-book (P/BV) ratio of 15.3x. The seven listed companies of the Adani Group had a combined market capitalization (m-cap) of Rs 14.44 trillion rupees as of Tuesday, compared to a combined net profit of Rs 13,715 crore in 2021-22 (FY22), and a combined net worth of Rs 94,442.5 crore at the end of FY22. Read more…

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor


About Author

Comments are closed.