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RINL expects Rs 1,000-crore from sale of 22-acre land in Visakhapatnam
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State owned RINL expects Rs 1,000 crore from sale of 22-acre land in Visakhapatnam
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Vizag steel plant privatisation row: CM has offered better solutions, says Vijayasai Reddy ANI | Updated: Mar 06, 2021 15:21 IST
Visakhapatnam (Andhra Pradesh) [India], March 6 (ANI): Andhra Pradesh Chief Minister YS Jaganmohan Reddy has shown alternate ways besides privatisation that will yield profits, said YSRCP MP Vijayasai Reddy following the state-wide bandh at the Maddilapalem Junction in Visakhapatnam against the Centre s decision to privatise the Visakhapatnam Steel Plant.
At the protest which was held on Friday, Reddy also hit out at the Telugu Desam Party (TDP), who have also expressed opposition against the same and participated in the bandh. The state government is directly fighting the steel plant privatisation and Chief Minister Jaganmohan Reddy has shown alternative ways. If they are practised, profits will come. The YSRCP opposes the decision to privatise the steel plant, he said.
Bandh against move to privatise VSP evokes mixed response
Updated:
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Impact conspicuous in industrial areas such as Kurmannapalem, Gajuwaka
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YSRCP leaders V. Vijaya Sai Reddy, M. Srinivasa Rao, and K. Kannababu taking out a rally opposing the decision to privatise VSP, in Visakhapatnam on Friday.
| Photo Credit:
K.R. DEEPAK
Impact conspicuous in industrial areas such as Kurmannapalem, Gajuwaka
The State bandh called against the Union government’s move to privatise Visakhapatnam Steel Plant (VSP) evoked mixed response in the city and district on Friday.
The bandh call was given by trade unions, political parties barring the BJP, and people’s organisations under the banner of Visakha Ukku Parirakshana Porata Committee.
Nifty to open below 15,000 amidst weak global cues
March 05, 2021
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Most Asia-Pacific markets slumped in excess of 1% in early trade on Friday while US stocks declined overnight
The Indian markets are likely to open sharply lower on Friday, due to weak global cues and on profit booking. Cues from SGX Nifty suggest that Nifty is most likely to open below 15,000-mark. The SGX Nifty is hovering around 14,880, a decline of about 220 points, against the Nifty futures that on Thursday closed at 15,106.
Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities, said: “We witnessed a sharp decline (on Thursday) in our market mainly due to the sudden jump in the long-term bond yields of the US. The steady growth in the economy leads to a steady rise in the bond yields and therefore, the market should start offering discounts in the medium to long term.”
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