PSU selloff drill
NEW DELHI: As many as eight public sector companies, including Hindustan Aeronautics and RITES, will hit the capital markets next fiscal as the government intends to unlock the real value of PSUs and bring in greater accountability. Neeraj Gupta, secretary at the Department of Investment and Public Asset Management (Dipam), said these initial public offerings will be done in a "staggered manner" depending on the size of the issuance. PTI
GST impact
• NEW DELHI: Glitches in the GSTN portal, cumbersome procedures and documentation as well as the cost of compliance are major areas of concern that need to be addressed to make the goods and services tax (GST) a success, a Ficci survey said on Sunday. PTI
Toyota proposal
• NEW DELHI: Toyota Kirloskar Motor has advocated for a calibrated taxation policy that encourages "technology agnostic approach" and urged the government to treat all technologies at equal footing to bring down vehicular pollution and boost the volume growth in the auto sector. PTI
Rate outlook
• NEW DELHI: The RBI is expected to be in a wait-and-watch mode in the near term, and is likely to maintain status quo through the first half of this year, says a Kotak Institutional Equities report. PTI
ONGC in Iran
• NEW DELHI: ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), will bid for the development rights of Iran's giant South Azadegan oilfield in direct competition with giants such Shell, France's Total, Petronas of Malaysia and Russia's Gazprom. PTI
IOC move
• NEW DELHI: Indian Oil Corp (IOC) will invest Rs 70,000 crore to raise its oil refining capacity by about a quarter by 2030 as it takes the lead to meet rising energy needs of the country. PTI
Dollar outflow
• NEW DELHI: Foreign investors have pulled out so far this month a staggering $1 billion, or Rs 6,850 crore, from the Indian stock market in the wake of selloffs globally. This is against the total inflow of over Rs 13,780 crore by foreign portfolio investors (FPIs) in January. PTI
