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Govt Likely To Allow Airlines With Negative Net Worth To Bid For Air India et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
Mar 19, 2018 10:57 AM 1 min read
Editorial

End of Day Wrap-up (Monday / March 19, 2018) #PSU #BPCL #SEBI #Axis #HDFC #Tata #AirIndia #Aadhaar #China #Facebook #DonaldTrump #Transfin

Editor's Comment: PSUs Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Limited (BPCL) may acquire 26% stake worth INR20,000cr each in gas utility co GAIL. This is in-line with Finance Minister's Budget speech where he puhed for creation of integrated oil majors.

 

SEBI asks Axis Bank, HDFC Bank, and Tata Motors to improve internal reporting controls in light of their recent results leak on social media. The companies' quarterly ressults showed up on WhatsApp before being disclosed to exchanges.

 

Govt likely to allow airlines with negative net worth to bid for Air India stakes in light of low expression of interest from potential buyers.

 

French android developer Robert Baptiste demonstrates security loopholes in Aadhaar App, says App vulnerable to identity theft, publishes findings on Twitter tagging the UIDAI. No response from UIDAI.

 

China appoints pro market reforms Central Banker Governor, Yi Gang, deputy of outgoing Governor Zhou Xiaochuan

 

Facebook under storm over allegations that Cambridge Analytica, the ad-data firm helping Donald Trump win the Presidential election accessed information on millions of Facebook users without consent.