Govt's FY20 disinvestment target may fall short by Rs 10,000 crore
The Centre is unlikely to meet its 2019-20 revised divestment target of Rs 65,000 crore because of bearish market conditions, according to officials. With a number of offers for sale (OFS) such as NMDC, SAIL, PFC, Coal India, IRCON and Hindustan Aeronautics planned for March getting deferred, the divestment target could fall short by close to Rs 10,000 crore, government estimates suggest. Read more
Markets seesaw as coronavirus fears linger
The rebound in domestic markets, which had seen a 7 per cent fall in the past six sessions, was