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Asset monetisation target for states may be set at Rs 3 trillion

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Daily Newsletter 15 March 2021 | | | | | | LIVE MARKETS 50792.08 15030.95 GOLD 44785.00 SILVER 66895

[Business-Standard]( Daily Newsletter 15 March 2021 [Facebook]( [RSS]( [Twitter]( [Google Plus]( [Twitter]( [YouTube]( [Markets]( [Companies]( [Banking]( [Economy]( [Opinion |]( [Life]( [Management]( [Technology]( LIVE MARKETS [SENSEX]( 50792.08 (-487.43) [NIFTY]( 15030.95 (-143.85) GOLD (MCX 10 GM) 44785.00 (-94.00) SILVER (MCX 1 KG) 66895.00 (-650.00) USD ($) / INR(Rs) 72.59 (-0.36) Front Page [Premium Content][Asset monetisation target for states may be set at Rs 3 trillion]( Central ministries given a target to monetise assets worth Rs 2.5 trn over 3 years [AAI to offload residual stake in Bangalore and Hyderabad airports]( Sale of 13% stake in each may fetch Rs 3,000 crore [Premium Content][Global investors flock to private debt space, expect huge demand for credit]( Private debt means debt given to privately held companies or buying those loans in the secondary market [India will not 'shut off' all cryptocurrency, wants blockchain: Sitharaman]( Bitcoin, the world's biggest and earlier cryptocurrency, has crossed a record high of $60,000. [Premium Content][Investors see more sheen in paper gold this year amid lower prices]( So far, FY21 has seen sale of 32.4 tonnes worth of sovereign gold bonds and 13 tonnes of exchange-traded funds [At $61k, Bitcoin hits another record, leaves other asset classes trailing]( Bitcoin is up about 1,000% in the past year amid signs of increasing institutional interest as well as speculative demand [Premium Content][Govt should earmark 10% of CSR for skill development: L&T's A M Naik]( Large industries do not have to collaborate with NSDC or government organisations because they have created training centres, says Naik [Premium Content][From Marriott to MakeMyTrip, hotels and travel firms look for summer relief]( Most hotels expect a marked improvement in the June quarter numbers compared to the December quarter [Premium Content][Concerns over Oxford Covid-19 vaccine likely to impact export demand]( Vaccine exports picked up last month; Serum shipped 11.9 mn to WHO-Gavi pool [Premium Content][Draft e-commerce policy: Investments by large players may take a hit]( Currently, online retailers such as Amazon and Flipkart are the dominant players in this space, capturing around two-thirds of the market ... 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[India FX reserves surpass Russia's to become world's 4th biggest]( Reserves for both countries have mostly flattened out this year [ONGC's share in India's oil, gas production rises to 70% from 53%]( State-owned ONGC has actually seen its contribution to the national production jump to over 70% from under 53% a decade back [» Read More Stories in Economy & Policy]( Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) [3M India]( 27251.70 5.09 [Astral Poly Tech]( 2492.65 -0.36 BSE TOP GAINERS Company Price (Rs) Change (%) [Meghmani Organ.]( 103.95 11.24 [IDBI Bank]( 42.00 9.80 BSE 52-WEEK LOW Company Price (Rs) Change (%) BSE TOP LOSERS Company Price (Rs) Change (%) [I T D C]( 405.00 -9.63 [Indbull.RealEst.]( 104.10 -9.40 [Premium Content][Multiple tailwinds likely to lift Bharat Forge further in FY22: Analysts]( Most of its segments are expected to be in positive territory for the first time in several year [Premium Content][Analysts see demand revival, earnings comfort in Indian Hotels stock]( Analysts also expect IHCL to maintain a valuation premium to peers due to its strong brand, which would aid pricing and occupancy levels [Premium Content][Over 50% PMS schemes outperform Nifty50 in February, shows data]( Large-cap PMS schemes (average returns of 4.9 %), mid-cap (9.8%), multi cap (7.1%), and small-cap (8.9%) - all underperformed their respective ... [Premium Content][Earnings expectations can be biggest stumbling block: Anoop Bhaskar]( The positive commentary on the Union Budget should spur additional foreign flows, notwithstanding higher valuations, says Bhaskar [An unknown Indian-origin crypto investor buys an artwork for $69.3 mn]( Various media reports cited that Metakova is a pseudonym of the investor, which means King of Meta in the Tamil language [» Read More Stories in Markets]( Opinion [Premium Content][Beyond 'Indo-Pacific Nato']( Vaccine cooperation marks a new step for the Quad [Premium Content][Managing internet tech change wisely]( Learning from past technology revolutions [Premium Content][No space for SPACs]( Sebi needs to ease listing requirements [Premium Content][NSE outage: More serious questions]( The outage caused a serious embarrassment, not only for the NSE but also for the Securities and Exchange Board of India (Sebi) and the ... [Premium Content][When will SC status quo on bank loans end?]( If it continues, wary of borrowers' opportunism and distorted credit discipline, banks may not come forward to lend even if we shout ourselves ... [Premium Content][Privatisation of banks: The sequencing must be right]( It would be naïve to read the recent Union Budget announcement on privatisation of two public sector banks as a signal of the government's ... [» Read More Stories in Opinion]( Finance [Premium Content][Resolution of bad loans may face logjam if IBC not streamlined: Experts]( Few will go on record explicitly, but there is the fear that there will be a logjam ahead on the IBC front. [Premium Content][Don't compare us with legacy banks: Aeldra Financial's Sukeert Shanker]( We want to be the first truly global consumer bank. Some banks have an international presence, but continue to be country-bound on the consumer ... 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