Reams and reams have been written on the demonetisation drive being conducted by the government, but industry watchers seem to be confused on the intention of the Centre for launching such a massive exercise, and the possible consequences on the Indian economy because of this apocalyptic scheme.
Tag: Goldman Sachs
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Five cos vie for GVKĂ´s airport stake
GVK Airport Services, which operates Mumbai and Bangalore international airports, has short-listed five bidders to sell up to 49 per cent for raising Rs,4,000 crore.
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Gas price in India to dip to $5 in 3 years
The new natural gas price of $5.61, which is already among the lowest in Asia Pacific, is likely to drop to around $5 per unit in three years due to the variables included in the formula, Goldman Sachs has said.
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Government capex picks up, private sector remains muted
The governmentĂâs capital expenditure has been increasing by 29 per cent quarter-on-quarter, steadily over four quartersĂâas the December quarter figure of Rs 1 lakh crore indicates. Centre for Monitoring Indian Economy (CMIE) data indicates that the investment for the third quarter is the highest record in the last six quarters
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Wind Sector VC funding at $210 million in Q2
Wind power venture capital (VC) funding picked up significantly during second quarter of 2013 amounting to $210 million with the help of some large deals going to project developers in India compared to just $16 million last quarter.
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Govt to benefit from natural gas price hike
In a report, Goldman Sachs said the government would stand to gain Rs 14,900 crore by way of royalties and taxes from the incremental gas price accruing to state-owned producers ONGC and Oil India in 2014-15 fiscal. The report said, "We note about 65 percent of incremental gas revenue from a price hike would flow back to the central and state governments as royalties, VAT,
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Realisation from crude oil may improve for Oil India
Goldman Sachs recently released outlook for the stocks of some of the companies in the oil and gas sector. The brokerage expects improved outlook for the scrip of Oil India owing to fuel price increases and potential gas price hike. Goldman Sachs expects Oil India's net crude realization to improve from $54 in current fiscal to $58.2 per barrel in 2014
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Realisation from crude oil may improve for Oil India
Goldman Sachs recently released outlook for the stocks of some of the companies in the oil and gas sector. The brokerage expects improved outlook for the scrip of Oil India owing to fuel price increases and potential gas price hike. Goldman Sachs expects Oil India's net crude realization to improve from $54 in current fiscal to $58.2 per barrel in 2014
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ReNew Wind Power secures Goldman investment
ReNew Wind Power, a reneĂÂwable energy independent poĂÂwer producer (IPP), announced it has secured an equity investment of up to Rs 1,000 crore from Goldman Sachs, a leading global investment bank and active investor in alternative energy/clean technology.