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  News Details
Good News
Bhagwati Auto Reports Good Results
No. of Trading Holidays comes down to 11
Gems and Jewellery Exports Rise 55%
Citibank Repays USD 20 bn to US Govt
November Core Sectors Growth Impressive
Bad News
Nifty May at Discount
3G Bids will Hurt Telcos
Political Instability is a worry
Inflation may Cross double digits by March
FII Investment in December may not cross October figure
  Maharatna Status to Benefit Major PSUs

After a long wait, Central Government has decided to grant top public sector undertaking (PSU) companies the Maharatna status that would give them more autonomy in decision making. Only those PSUs have an average  net worth of Rs 15,000 crore in the last three years and an annual profit post tax of Rs 5,000 crore will be eligible to qualify as Maharatnas. Currently there are 18 Navratnas which are allowed to make investment decisions to the tune of Rs 5,000 crore without requirement of government approval.This will be positive for all leading PSUs on the bourses.