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BIZARRE: Psus - What They Never Told You

India's space sector witnessed significant private and public sector developments recently. Skyroot Aerospace launched the nation's first privately built rocket, Vikram-1. Concurrently, about one hundred scientists resigned from ISRO, India's space agency. This talent shift signifies the success of the government's liberalization policy for the sector. Such movements highlight the…

The Economic Times

When PSUs, fertiliser shops, and flour mills became Uttarakhand’s ‘investors’ after global summit

Inaugurating the Uttarakhand Global Investors Summit on December 8, 2023, Prime Minister Narendra Modi declared the state a “new hub for investment”, crediting the “double engine” government’s push on tourism, connectivity and investment.

Newslaundry

Govt needs to revive NITI Aayog's PSU, PSB privatisation program: Arvind Panagariya

Former NITI Aayog vice chairman Arvind Panagariya urges the government to revive privatization of public sector undertakings and banks. He believes this is crucial for India's economic reforms. Panagariya also suggests establishing a dedicated privatization ministry to speed up disinvestment. He notes that foreign investors remain positive about India's long-term…

The Economic Times

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Bill Ackman Says Alphabet Stake Sale Wasn't a Bet Against Google — Then Reveals Bullish Microsoft Bet

Pershing Square's Bill Ackman liquidated his Alphabet position to build a £1.58bn ($2.09bn) Microsoft stake at 21 times forward earnings.

International Business Times UK

Billionaire Bill Ackman’s Pershing Square IPOs Promise to Bring Hedge Fund Results to Retail Investors, but Institutions Dominated the Offerings

The dual Pershing Square IPO marked the largest closed-end fund IPO ever recorded in American financial markets.

Barchart

Nasdaq Notches Another New All-Time High: Stock Market Today

Two of the three main U.S. equity indexes hit new all-time highs at the start of a big week for earnings and interest rates.

Kiplinger

Pershing Square USA IPO: What Is the PSUS Stock IPO Price Range and IPO Date? And Should You Buy Shares?

Bill Ackman has revealed more information about the combined IPO offerings.

Barchart

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Pershing Square IPO: Should You Buy the PSUS Shares?

Bill Ackman took his Pershing Square hedge fund firm public in a rare "combined IPO" with a new closed-end fund. Here's what investors need to know.

Kiplinger

FTSE 100 rallies as inflation fears ease

The FTSE 100 index closed up 162.72 points, 1.6%, at 10,412.24.

The Independent UK

Bill Ackman’s own hedge fund is asking investors to ignore what he says

A new Pershing Square hedge fund marketed to Americans wants you to ignore everything its billionaire Wall Street investment manager just told his firm’s co-owners.

Fortune

Mixed record for PSUs in State with 57 earning profits and 59 recording losses in 2022-23

As many as 57 public sector units are earning profits, while 59 enterprises are loss making, as per an annual review of State-level public enterprises (SLPEs) brought out by the Bureau of Public Enterprises.

The Hindu

Aditya-L1 mission a big moment for PSUs in Kerala

Four Kerala public sector units had contributed to Aditya-L1 mission, the Indian Space Research Organisation mission, meant to study the sun.

The Hindu

Modi government has no vision for future, says Priyanka at rally in Rajasthan

Congress’ Priyanka Gandhi Vadra slams Modi govt for lack of vision, unemployment & privatisation of PSUs. Ashok Gehlot announces ₹10,000 annual financial aid for women ahead of assembly polls.

The Hindu

Unviable Arunachal hydro projects have been dumped on Central PSUs, say experts

In 2008, the Arunachal Pradesh Government came out with a Hydro Power Policy that entailed payment of upfront money per MW for projects to be set by private and public sector firms.

The Hindu

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The Hindu

Over 2 lakh jobs 'eliminated' from PSUs, govt 'trampling upon hopes of youth': Rahul Gandhi

Former Congress president Rahul Gandhi on June 18 claimed that over two lakh jobs have been “eliminated” from PSUs and alleged that hopes of lakhs of youth are being “trampled upon” by the government

Dynamite News

"If this is Amrit Kal, why are jobs decreasing?": Rahul Gandhi

Former Congress MP Rahul Gandhi took a swipe at the central government on Sunday asking if this is the 'Amrit Kal' as portrayed by Prime Minister Narendra Modi, why are jobs decreasing in India. Read further on Dynamite News:

The Hindu

Keep accounts up-to-date, do timely audit, Kerala government tells public sector units

Circular says lapses will lead to denial of government grants

The Times of India

Sports Ministry launches online portal for schemes, rewards, benefits

NEW DELHI: Deserving athletes and former sportspersons will now not be required to run after national federations and government offices to get their rewards and dues as the Sports Ministry has made the processes online.

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