A Win-Win Scheme That’ll Generate 25,000 Crore For Indian Govt.
Advertisement
Advertisement
The list given by the Government embraces firms like
The IPO, for sure, will open new doorways for investors into the equity market. Names from Travel and Tourism Industry have also been identified and have been added to the revenue making list. Hotels run by Indian Tourism Development Corp. (ITDC) have been acknowledged as a major profit generating segment.
Once in listing, it is going to benefit the depositors in a number of ways. Advantages like cash on redemption on a minimum tenure of one year, deposition of old jewellery as little as 30 grams will benefit the depositor.
"The idea is to create a pipeline for the next two-three years," the official spokesperson told Economic Times. This needs to be done as the Government is close to the 51 % stake level in several listed state-owned companies, the person said. "So, the ideal situation is that we have approvals for stake sale in these firms and we can proceed depending on market conditions," he added.
Advertisement
Advertisement
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near
- Axis Bank posts net profit of ₹7,129 cr in March quarter
- 7 Best tourist places to visit in Rishikesh in 2024
- From underdog to Bill Gates-sponsored superfood: Have millets finally managed to make a comeback?
- 7 Things to do on your next trip to Rishikesh