- Reuters•2 years ago
India's government is scrambling to put together a 'Plan B' to raise even a fraction of its $10 billion target from asset sales, officials said, with potential new sales including part of its stake in refiner Indian Oil. Prime Minister Narendra Modi's government, elected last year, needs to complete some major deals to deliver on a budget promise to trim the fiscal deficit to a seven-year low by the end of the year in March. Pressure on the government increased with the Reserve Bank of India's surprise move on Thursday to cut interest rates, placing the onus on the government to help revive the economy by putting public finances on a firmer footing. One official in the finance ministry's department of disinvestment said on Friday the government was now considering putting other assets on the block, including 10 percent of IOC, worth $1.3 billion at current market prices.
- Reuters•3 years ago
* World Bank unit to sell rupee bonds to global investors * Move paves way for liberalisation of Indian currency * Power Finance and others courting foreign bond buyers By Manju Dalal SINGAPORE, Oct 11 ...
Power Finance Corporation LimitedNSE
|52wk Range||140.25 - 256.75|
|Day's Range||216.60 - 220.85|
|Avg Vol (3m)||2,266,689|
As of 5:59 AM EDT. Market closed.