CPSEs should include asset monetisation in MoUs with ministries

CPSEs should include asset monetisation in MoUs with ministries

The government has said that central public sector enterprises (CPSEs) should include asset monetisation and market capitalisation improvement in their memoranda of understanding with respective ministries, in order to monetise non-core assets, reduce debt and improve efficiency. “You may have several non-core assets which are not yielding any returns to the company, and that can … Read more

This stock is analysts’ top pick in textiles

This stock is analysts’ top pick in textiles

Mumbai: With a strong balance sheet, improving retail sales in key export markets, incremental revenues from new ethanol facilities and commissioning of the new garmenting capacity from next year, KPR Mills just received a thumbs-up from the analysts.The company, which has increased its cash balance and reduced consolidated debt in the first half of FY21, … Read more