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Nilesh Shah on PSU privatisation: How Hindustan Zinc offers a lesson for IDBI Bank

Kotak AMC’s Nilesh Shah cited Hindustan Zinc as an example of how strategic divestment combined with a retained minority stake can create long-term national wealth. He said the government’s remaining stake is now worth over Rs 62,000 crore and expressed hope that IDBI Bank’s divestment would deliver similar value.

We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.

Read the original at economictimes.indiatimes.com →

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India's August balance of payments surplus swings to $45.4 billion

India’s balance of payments recorded a surplus of $45.4 billion in August, compared with a deficit of $5.6 billion a year earlier, data from the Reserve Bank of India showed on Thursday. The country’s external position has improved after the central bank announced a series of policy measures to attract capital inflows in June, including a…

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