Read more about Clarity on GST rate key likely to determine benefits for gas users on Business Standard. For now, analysts expect industrial users, city gas distributors and utilities to benefit
Read more about Oil and gas shares flare as govt plans to spend Rs 7.5 trn on related infra on Business Standard. Gujarat Gas, Gujarat State Petronet and Indraprastha Gas rallied up to 18 per cent on the BSE in intra-day trade
The Government of India is planning to spend around Rs 7.5 trillion to build oil and gas infrastructure over the next five years, said Prime Minister Narendra Modi. After dedicating the Ramanathapuram–Thoothukudi natural gas pipeline and Gasoline desulfurisation unit at Chennai Petroleum Corporation Ltd and laying the foundation stone for the Rs 31,500 crore Cauvery basin Refinery at Nagapattinam, the Prime Minister said that in 2019-20, India imported over 85 per cent of oil and 53 per cent of gas to meet its domestic demands. Can a diverse and talented nation like ours be so energy-dependent, he asked. It is our collective duty to work towards clean and green sources of energy and reduce energy-dependence, said the Prime Minister, adding that his Government is sensitive to the concerns of the middle class and thus, India is increasing focus on clean and green sources and ethanol to help farmers and consumers.
BFSI sector could have waited for a few more months to offer shares at better prices
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BFSI sector could have waited for a few more months to offer shares at better pricesBy
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The present banking system needs to be supplemented with DFIs that will bring in pools of long-term capital as compared to NBFCs and smaller banks which have higher cost of capital, said Rakesh Singh, Group Head, Investment Banking at HDFC Bank
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The government has made all the right moves with the budget. For infrastructure funding the government may have to sweeten the DFI with tax free bonds, said Rakesh Singh, Group Head, Investment Banking at
The present banking system needs to be supplemented with DFIs that will bring in pools of long-term capital as compared to NBFCs and smaller banks which have higher cost of capital, said Rakesh Singh, Group Head, Investment Banking at HDFC Bank