Draft cabinet note circulated to seek views on 100% FDI
Sun, Jun 20, 2021 12:22 PM

Draft cabinet note circulated to seek views on 100% FDI

A Flip by Flipitnews
Get it on Google Play
The commerce and industry ministry has circulated a draft cabinet note asking inter-ministerial views on a proposal to allow up to 100% foreign investment under automatic route in oil and gas PSUs, having an 'in-principle" approval for disinvestment. If permitted by the union cabinet, this move would facilitate privatisation of India's second-biggest oil refiner BPCL.

More great flips

This Magnificent 5%-Yielding Dividend Stock May Deliver Supercharged Growth

This Magnificent 5%-Yielding Dividend Stock May Deliver Supercharged Growth

Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) has done a magnificent job over the years delivering a growing dividend to its investors. The leading renewable energy producer has increased its payout at a 6% compound annual rate since its inception in 1999. That steady growth has helped push its dividend yield up to 5%.

Open Flip
Enphase Believes the Worst of the Solar Market Downturn Is Over

Enphase Believes the Worst of the Solar Market Downturn Is Over

Enphase Energy's (NASDAQ: ENPH) slowdown took a noticeable turn for the worse in the first quarter of 2024 as sales fell below $300 million for the first time in over three years, and Enphase reported a net loss. However, management is seeing signs of a recovery and reiterated the optimism it shared on prior earnings calls about the second half of this year.

Open Flip
Lamborghini Bros No More: Crypto Is Creating a New Wealth Effect

Lamborghini Bros No More: Crypto Is Creating a New Wealth Effect

It’s an oft-told anecdote littering social media: Those who invested early in cryptocurrencies have enjoyed life-changing wealth. How much that extra cash gives them confidence to spend more- a phenomenon economists call the wealth effect- is a hot topic whenever crypto prices are surging. The new wealth increased households’ consumption by about $30 billion in total over a decade.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon