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With due diligence by potential buyers yet to be completed, financial bids for the government However, despite the delays, the government is hopeful that the strategic disinvestment worth over Rs 54,000 crore at the current market prices will go through during the current fiscal. Initially, the department of investment and public asset management (Dipam) wanted to conclude the BPCL transaction by the June quarter. But the second wave of Covid delayed the processes. It will take some more time, In November 2020, multiple bidders, including Vedanta, Apollo Global Management and Think Gas, showed interest in BPCL. The market value of the Centre98% stake was worth a little over Rs 54,300 crore, based on its share prices on Monday. The share price of BPCL closed at Rs 472.6 on the BSE on Monday, up 0.29% from the previous closing price. The petroleum ministry will also likely allow BPCL to keep subsidised LPG consumers post-privatisation for a few years before transferring them to other state-run fuel retailers such as IOC and HPCL, another official said. Of the disinvestment target of Rs 1.75 lakh crore for FY22, the Centre has budgeted Rs 75,000 crore from privatisation of some CPSEs such as BPCL. Another Rs 1 lakh crore is expected to come from the The initial public offering (IPO) of LIC, which will be the largest in India, will be key to achieving the disinvestment target for the current fiscal. The LIC IPO, expected in Q4FY22, could include offloading of up to 10% government stake and fresh equity issuance by the insurer for business expansion plans. While the valuation of the insurer 5 lakh crore. This means a 10% stake sale could fetch the government around Rs 80,000-1,00,000 crore.
Entertainment digital marketing agency Entropy has appointed Nidhi Bubna as chief operative officer (COO). She will take charge in September 2021. Bubna is known to have driven end to end film marketing, strategy and media for blockbuster Bollywood films at Fox Star Studios. She comes with over ten years of diverse experience in the field of media and entertainment. During her tenure at Fox Star Studios, she has worked on the marketing, strategy and media of several blockbuster films at like Sanju, Housefull 4, Mission Mangal, Chhapaak, Baaghi 2, among others. She handled strategy, media planning and project management for Bollywood movies at the studio. Previously, she was associated with Star India, as part of Hotstar and later worked on Star network channels. In the earlier part of her career, she also worked with Bennet Colman, Lodestar Universal, Mindshare. Every experience has been special and enriching and I will implement these learnings to this new journey that lies ahead, I am confident that I shall spearhead operations at Entropy in an able manner under his superlative guidance, Entropy, founded by Prabhat Choudhary, manages the digital accounts of the country Their cumulative social media reach is a staggering 308 million, the company said in a statement. Read Also: Shyam Steel ropes in Lovlina Borgohain and Manpreet Singh as brand ambassadors Read Also:Usha International\u2019s new campaign for kitchen appliances features actor Keerthy Suresh Follow us onTwitter,Instagram,LinkedIn,Facebook
It is unlikely India In the immediate term, the painfully slow pace of vaccinations as also fears of a third wave continue to stall business activity primarily in the informal sector. But even assuming the third wave isn Even when the economy is fully opened up, subdued consumer demand is likely to slow the recovery in services, which offers the maximum opportunity for employment; as is known, the services PMI contracted yet again, in July. Worryingly, many small enterprises might hire in smaller numbers, hurting the prospects of workers in the informal sector. This section of the population Around 1.65 lakh workers signed up on the first day itself in the hope of benefitting from the welfare schemes of the states and the Centre. A database of workers is always useful, but what is really needed right now is a database that records skills. Even as we work to capture data on existing skills, the need of the hour is a mass skilling initiative which facilitates training primarily through not only mobile centres but also via physical workshops; the model that is up and running in every district of Jharkhand is a good example. Large business groups can be roped in and the CSCs can be aligned with these; the Tatas, for instance, have built a capacity for some 20-25 lakh. The programmes need to be seeded in the villages so that skills relating to agriculture, food processing and the food chain are taught. An electronic digital platform and an urban-rural job network would help businesses hire effectively by matching capabilities. While rural India can absorb a certain quantum of the labour force, the bigger objective must be to bring as many workers into the organised sector as possible. India probably spends less than 1% of its GDP on skilling whereas even 7-8% is insufficient, especially if India has serious ambitions of being a part of the global supply chain. Also, employability in a digital world takes on a whole new meaning; the organised sector is automating rapidly, restricting headcounts to the bare minimum. India, at present, may not have any factories that have completely moved to However, the government But, with an eye on the future, workers need to be trained to be employable in high-technology sectors such as space, renewable energy, defence and atomic energy. Many of those, among the 10 million or so who have lost their jobs over the past year, are relatively young. One reason the younger lot have not regained jobs is their relative lack of experience. It may not be possible to train them for high-tech sectors, but it should be possible to make them employable in sectors such as textiles. While it might seem like there is excess labour, the workforce must be upgraded so that it is useful in the areas where it is needed.
New Zealand has reported its first coronavirus vaccine death. A health board that monitors vaccine safety said Monday a woman died from myocarditis after taking the Pfizer vaccine. The board said the woman likely developed the condition because of the vaccine, although she had other medical issues which may have contributed. Director-General of Health Ashley Bloomfield said myocarditis was a very rare side effect and there was clear evidence that taking the vaccine was much safer than being infected with COVID-19. Health authorities have so far administered vaccines to more than 2 million New Zealanders. The board declined to answer questions from The Associated Press, including the womans age and the date of her death, citing protocol because a medical examiner, known as a coroner, is investigating the case further. Also Monday, New Zealand Prime Minister Jacinda Ardern said Auckland would remain in strict lockdown for at least two more weeks and the rest of the country for at least one more week, but with slightly fewer restrictions, as the nation battles an outbreak of the delta variant.
For the manufacturing of AK-203 7.62 This joint venture has Ordnance Factory Board (OFB) (50.5 percent), the Kalashnikov Concern (42 per cent) and Rosoboronexport (7.5 percent). Rostec This rifle is on display at the ongoing Army 2021 Expo in Russia. The cost of the rifle still remains an issue though according to reports all the concerns related to the cost and other issues have been resolved. The overall costs of each rifle include the cost of setting up the manufacturing unit as well as Transfer of Technology. The AK-203 62x39mm caliber rifle, is a derivative of the most popular AK-47and this is being used by not only the militaries globally but several terror groups prefer this rifle since 1949. Both Prime Minister Narendra Modi and the Russian President Vladimir Putin had reached an agreement to set up the manufacturing facility for the Kalashnikov rifles in India back in 2018. India-Russia Military Trade Over the last three years the military trade between the two countries has touched USD 15 billion. This was stated by A large official delegation is from that country to attend the expo and meet top officials. What are the deals worth USD 15 billion? Despite the US sanctions on Russia, the bilateral military trade between the two countries has touched USD 15 billion in three years since 2018. This includes USD 5.2 billion for S400 Triumf Air Defence system which was inked in 2018. Leasing of the third nuclear-powered attack submarine And several other emergency procurements have been made since 2018. Requirements of the Indian Army The Indian Army has an urgent requirement for two different rifles
The total market value of all crypto-assets today is around $3 trillion; given that Bitcoin, the first The mother of this strange new animal is blockchain technology, which was conceptualised by an anonymous group in 2008 (based on cryptographic research that goes as far back as 1982). While the technology continues to evolve rapidly, blockchain is basically a network that timestamps documents (and data and information) in such a way to make them impossible to tamper with. Thus, it provides a secure, anonymous set of transaction rails which can increase efficiency in a wide (and growing) array of areas, like trade finance, remittances, etc. While there are many aspirants to paternity, including the universe of global criminals and money laundering, in my view, the father of crypto-X is the continuing failure of governments and central banks to protect the value of investors In days of yore (as recently as the 1980s), capital could best be caricatured as an elegant, elderly gent in a grey suit of impeccable integrity, sipping brandy at the club. You never touched capital unless there was From the 1990s onwards, however, capital began to change While a very small number did come up trumps, but the conceptual shift was too much for our elegant gent, who fell out of his chair and turned to pink shirts, suspenders and much unspeakable conduct (both in and out of the office). By 2000, when a lot of capital had been burned, the market fell out of bed and the US Fed rode to the rescue cutting interest rates sharply, driving the risk-free return on capital lower. This decline in the real value of capital has continued over the past 20 years, as the US government remains beholden to the rapacious financial sector, which demands both nearly free money and bailouts when things go wrong, which the Fed and the government happily provide. Despite some efforts at restraining this beast after the 2008 crisis Thus, unless there is a sea change in financial markets to where, say, bank deposits in the US earn a reasonable positive real return (and people believe that this is sustainable), it would seem that the crypto-X party is just going to get hotter, as more and more people Today, the market is nuts Regulators globally, acknowledging that crypto-X are here to stay, are seized of this and are engaged in figuring out how best to manage\/regulate this. The first step to regulation is to determine what it is and to see if some set of current regulations (and regulators) are appropriate. While the word cryptocurrency is widely used, it is not a currency in the classical sense since it isn It isn What it is, to my mind, is simply an asset you can buy if you believe there will be more people who will buy it in the future It could conceivably also gain in value as inflation rises pushing more and more investments to negative real yields, which explains why some people see it as analogous to gold. This suggests that crypto-X is affected by global macro-fundamentals and, hence, should be regulated like a quasi-security by the SEC (or SEBI in India). RBI, like other global central banks, is working on creating a central bank digital currency (CBDC), which would reduce citizens This would substantially improve financial inclusion by pumping up the ongoing financial digitisation process, which is all to the good. It would also save the central bank money on printing and holding cash. There would obviously be issues for monetary policy and the regulators are working to iron those out. To my mind, however, CBDCs are not really crypto-assets in terms of the paradigm shift these represent. People have often asked me about crypto and I always said that you should never invest in anything you don But now that I CEO, Mecklai Financial www.mecklai.com
There are thousands of companies having their shares listed in one or more stock exchanges. Tracking each share would not only be difficult, but would not give any clear picture about the performances of the markets. To facilitate capturing overall behaviour of equity markets, stock market indices are formed by selecting a group of stocks that are representative of the whole market or a specified sector or segment of the market. The National Stock Exchange (NSE) has launched Nifty India Manufacturing Index on August 16, 2021 and Nifty India Select 7 Government Bond Index on August 20, 2021. Calculated with reference to a base period and a base index value, an Index provides information about the price movements of a financial product, like Talking about the National Stock Exchange (NSE) indices, Krishna said, Through trading the index on exchange 2. Buying Index Mutual Funds 3. Mimic the Index stocks in personal portfolio One can also invest in Index Mutual Funds like Axis Nifty 100, Motilal Midcap 150, Kotak Next 50 and more, that give a broader range than trading, Giving his views on NSE indices, Amit Gupta Going forward, the investment themes will be more broad based as the economy picks up. These indices can be helpful in streamlining the investment mindset. The various government initiatives can be captured through these indices for the investment perspective of 3-5 years. These are smart beta strategies where more customisation can also be done by various investment desks. The multi factor approach helps to generate alpha over traditional indices, 45 per cent in the last three months Vs benchmark return of 9.27 per cent. It is rebalanced every 6 months and includes the top ranking stocks based on two factors