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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.

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