|Bid||122.90 x 0|
|Ask||0.00 x 0|
|Day's Range||121.50 - 125.35|
|52 Week Range||99.80 - 152.40|
|PE Ratio (TTM)||17.31|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_06232016.pdf FACTORS TO WATCH 10:00 am: Trade Minister Nirmala Sitharaman and Trade Secretary ...
Foreign investment banks are showing signs they will be more choosy about bidding for roles to help manage government share sales after the country's largest ever equity offering of $3.6 billion left them splitting a fee of just one rupee. Measly fees for advisory roles in government share sales are not unusual in India, but bankers say they are struggling now to justify the costs to shareholders in the current environment of low interest rates and rising regulatory costs. Banks say state share sales - a key plank of New Delhi's efforts to trim its fiscal deficit - tie-up staff for months on end, leaving teams stretched and the advisers out of pocket. "The bitter reality is the government deals are the biggest deals in India.
The Indian government will sell minority stakes in four state-run companies to help meet its budget-deficit target for the fiscal year that ends March 31. The government will sell 10 percent holdings in oil refiner Indian Oil Corporation Ltd. (IOCL) , National Aluminium Company Ltd. (NACL) and mineral explorer NMDC Ltd. (NMDC) and pare its stake in power equipment maker Bharat Heavy Electricals Ltd. (BHEL) by 5 percent, it said today in announcements on its website. Prime Minister Narendra Modi and Finance Minister Arun Jaitley have said the government will fulfill its goal of narrowing the deficit to a seven-year low of 4.1 percent of gross domestic product this fiscal year.