Good Morning! News 2.7.2014 1. The government is drawing up an ambitious plan to sell shares in state-owned companies to raise a record amount from disinvestment this year as it looks to avert a major fiscal slippage, betting that a stock market boom and a brightening of economic outlook will lead to a blockbuster asset-sale programme 2. In a revival sign for the country’s troubled automobile industry, nine leading carmakers’ combined sales in June was 18 per cent higher than those in the same month last year 3. Riding on a rally in real estate stocks and an improvement in investor sentiment, Lavasa Corporation is planning to raise Rs 750 crore through an initial public offering (IPO). 4. Software firms are facing threat of losing high-value projects as clients are setting up inhouse centres in India
Posted on: Wed, 02 Jul 2014 03:47:49 +0000
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