SAIL DIVIDEND PROPOSAL
Why did stock market crash today? Sensex tumbles 1,124 points, Nifty below 22,800; 6 factors behind Rs 8 lakh crore rout
On Monday, the Indian stock market saw a major sell-off, with the Sensex and Nifty indexes plummeting due to escalating Iran-US tensions that drove up oil prices. This volatility dampened investor sentiment while bond yields reached highs not seen in years, creating additional pressure on equities. The rupee depreciated against the US dollar, raising worries about currency stability as foreign investors continued liquidating their stocks.
Will Nifty, Sensex tumble on Monday? 5 factors which will drive D-Street action this week
Following a 7-week decline in Nifty, Dalal Street faces a holiday-shortened week driven by five key factors: escalating US-Iran conflict, Brent crude trading above $104, US 10-year Treasury yields above 5.1%, continued FII outflows, and rupee volatility within the 95.50-96.50 trading band.
SAIL FY25 net profit falls 23% to Rs 2,371 crore
Steel Authority of India Limited's consolidated bottomline saw a 22.66% decline for fiscal year 2024-25. The total income stood at Rs 1.03 lakh crore. The Board proposed a final dividend of Rs 1.60 per share. However, the company reported a strong fourth quarter with a net profit increase of 11.13%.
SAIL OFS subscribed over 5 times; govt to garner Rs 2,664 cr from stake sale
The shares sought were 522.89 per cent of the overall issue size on the final day of bidding, as per provisional data available on bourses.
CPSEs may have to shell out extra dividends, go for buybacks
Some of the blue-chip firms which will make their presentations include ONGC Ltd., NMDC Ltd. NHPC Ltd, Cochin Shipyard Ltd and RITES Ltd.
DIPAM tells CPSEs to follow capital restructuring norms
A senior government official said the government will continue to push for share buybacks and cash-rich central public sector enterprises are expected to lead.
Fifteen stocks in focus on Monday, 6 March 2017
Pharma firm Cipla said it plans to sell its animal health business in South Africa and Sub-Saharan Africa for a consideration of about Rs 191 crore.
Department of Disinvestment plans SAIL stake sale in September; ONGC, power companies to follow
The government will kick off its big-bang disinvestment drive with 5 per cent stake sale in SAIL in September, followed by ONGC and power sector PSUs.
CPSEs to pay rich dividends to government this fiscal
State-owned firms including Oil and Natural Gas Corp, Coal India and SAIL this fiscal will pay Rs 28,595 cr in dividend to the cash-strapped govt.
Finance ministry to ensure PSUs meet investment target
The move follows Chidambaram's meeting last week with heads of nine blue chip PSUs, which are together sitting on a cash pile of about Rs 1.8 lakh crore.
NSPCL records a net profit of Rs 194.22 crore in 2011-12
NSPCL, a joint venture of NTPC Ltd & SAIL, has posted a net profit of Rs 194.22 crore for the financial year ended March 31, 2012.
NSPCL net up 2 pc at Rs 194.22 crore in FY'12
NTPC-SAIL Power Company posted about 2 per cent jump in annual net profit at Rs 194.22 crore, for the financial year ended March 31, 2012.
Coal Ministry opposes move to give 26% profit to local area
The coal ministry has objected to a proposal to make it mandatory for mining firms to contribute a portion of their profits towards local area development.
State cos told to pay extra dividend
The finance ministry has asked select public sector enterprises to declare special dividend for the current financial year as it struggles to raise resources for additional spending including higher-than-budgeted subsidies.
SAIL FPO in Jan, ONGC in March, IOC deferred: Finmin
Aiming to raise Rs 40,000 cr through disinvestment in the current fiscal, govt has mopped up over Rs 22,000 cr by diluting its stake in six cos
BHEL in JV talks with SAIL, Vizag Steel; Posco may also join in
BHEL said it is in talks with SAIL & Vizag Steel to tie up for manufacturing high grade steel, while Posco may join the proposed joint venture company as a technology partner.
Stocks in news: SAIL, Jindal Steel& Power, Aban Offshore, Piramal Healthcare, MindTree, RIL
ArcelorMittal has proposed a joint venture company with India’s largest steel company Steel Authority of India (SAIL) to set up an integrated steel plant near the latter’s existing steel making facility at Bokaro in Jharkhand.
SAIL stake sale in this fiscal: Steel Min Virbhadra Singh
First phase of SAIL to happen in the current fiscal year.
Jharkhand opposes Chiria mines allocation to SAIL
The Jharkhand Government is understood to have rejected the Centre's suggestion of allocating Chiria iron ore mines to state-run steel behemoth SAIL for capacity expansion.
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