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Investors should be equal to overweight in auto, auto ancillaries. The next two, three years could be a good growth phase for the sector as a whole, says
Elixir Equities.
Newer names keep cropping up on the government’s divestment list. Would you wait it out to see how the first divestment pans out?
The entire privatisation is going to be a very interesting process and the last time it was was done was many years ago when the Vajpayee government was there and when they privatised BSNL and Hindustan Zinc. That was a fabulous opportunity for the government to unlock value as well as the acquirer who built a great company thereafter.
Express News Service
KOLKATA: West Bengal Chief Minister Mamata Banerjee is unlikely to share the stage with Narendra Modi on Sunday in Haldia, East Midnapore, from where the Prime Minister will dedicate four projects worth Rs 4,700 crore in oil, gas, and infrastructure sectors.
The projects will be executed by the Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation (BPCL), Gas Authority of India (GAIL), and National Highways Authority of India (NHAI).
Despite being invited, the Bengal CM decided to skip the event in the backdrop of the apolitical January 23 event organised by the Union Information Ministry at the Victoria Memorial where she was insulted by a section of the audience who raised the Jai Shri Ram slogan in the presence of Modi, said a source in the Trinamool Congress. Irked by the slogan, Banerjee had refused to speak in protest.
Narendra Modi to Dedicate Four Projects Worth Rs 4700 Cr:- Indian Prime Minister Narendra Modi will dedicate four projects worth Rs 4700 crores in the fields of oil and gas at Haldia during his West Bengal visit on February 7th as per the official update. The projects are PSUs Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Gas Authority of India (GAIL) and NHAI. Gurmeet Singh, the director of IOC said that Narendra Modi will lay the foundation stone of second catalytic dewaxing unit at Haldia refinery of PSU which will be an important substitution project which will cost around Rs 1019 crores. The project is expected to complete by April 2023.
A file picture of Mangaluru City Traffic Police towing a car in the city.
MANGALURU: Following strong objections from corporators from Congress and the BJP against traffic cops towing cars in the city, the council meeting of the Mangaluru City Corporation (MCC) chaired by mayor Diwakar resolved to convene a meeting involving Mangaluru City Traffic Police on January 11.
Police officials of assistant commissioner of police (ACP) and above ranks will be invited to discuss the issue of parking woes in the city. Corporators expressing their anger over the recent instance of traffic police towing a car with a child locked inside it, demanded that the towing should be stopped immediately till provisions are made for people to park vehicles in the city.
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