Khloe Kardashian
India’s Services Sector Sees Strong Growth in January, Hiring Surges: HSBC
Several services companies linked output growth to favorable demand conditions, new business wins, and investment in technology. However, a few firms suggested that activity levels at their units were constrained by a fall in customer numbers, the survey states.
Govt gets Rs 307 crore as dividend from Oil India Ltd
This was tweeted by the Department of Investment and Public Asset Management (DIPAM). Last week, the government had received Rs 81 crore and Rs 31 crore from IRCTC and Bhartiya Rail Bijlee Co Ltd, respectively, as dividend tranches. It had also received Rs 604 crore, Rs 450 crore and Rs 37 crore from SAIL, HUDCO and IREL, respectively, as dividend tranches last week.
Divestment: Budget FY23 likely to see higher target; more focus on NMP
Notably, the conclusion of the Air India divestment as well as upcoming listing of LIC is expected to prompt the Centre for a robust divestment target for FY23. Besides, the possible shifting of BPCL divestment to next fiscal and an enhanced pipeline of core and non-core assets under the NMP could significantly ramp up the revenue stream.
LIC IPO on course, to be out within FY22: DIPAM
According to Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), the IPO plan is on course. "Some media speculation doubting the feasibility of LIC IPO this fiscal year is not correct. It is reiterated that plan is on course for the IPO in the last quarter of this fiscal," the Secretary tweeted.
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