Market gains 2% in a week on continuous FII support, progress on COVID vaccine
In the month of December 2020, FIIs bought equities worth Rs 48,223.94 crore and DIIs sold equities worth of Rs 37,293.53 crore. January 02, 2021 / 11:24 AM IST Benchmark indices ended the last week of the year 2020 with a gain of 2 percent on the back of positive cues including sustained FII inflows, progress on Covid vaccine, better GST collection, December auto sales numbers and a consistent declining Covid cases. Last week, BSE Sensex jumped 895.44 points or 1.90 percent to end at 47,868.98 and while the Nifty50 was up 269.25 points or 1.95 percent to finish at 14,018.50 levels. IN the year 2020, the Sensex rose 15.7 percent, while Nifty added 14.9 percent.
‘Skilling initiatives continued unhindered despite pandemic’
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Updated:
APSSDC switched to the virtual mode to train 1.5 lakh aspirants in 2020, says MD
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APSSDC switched to the virtual mode to train 1.5 lakh aspirants in 2020, says MD
Despite the COVID-19 pandemic, the AP State Skill Development Corporation (APSSDC) continued its skilling programmes in the virtual mode and signed MoUs with 13 major industries to create a skill development ecosystem in 2020.
“Even in these challenging conditions, the Skill Development Corporation skilled nearly 1.5 lakh aspirants remotely,” said the corporation’s Managing Director and CEO Arja Srikant.
Agriculture and health
He said training was imparted to a total of 5,310 farmers and unemployed youth on latest techniques related to agriculture and allied sectors in 2020. In the coming year, the department had set a target to skill 10,000 people.
Updated Dec 29, 2020 | 20:00 IST
ET Now learns that Cabinet Secretary led panel has decided that the land parcels of BEML will be sold separately. Representational Image
New Delhi: The privatisation process for defence PSU BEML gathers steam as the Cabinet Secretary led core group on disinvestment has given a nod for the expression of interest, ET Now learns.
The panel met on Monday to finalise the strategic stake sale of BEML, four years after the cabinet approved its strategic divestment.
The Cabinet had approved the strategic sale of BEML by divesting 26 per cent of the government stake in 2016. At present, the government holds 54.03 per cent in the defence public sector undertaking.
Express News Service
NEW DELHI: Disinvestment intentions both strategic and non-strategic seem unfazed by the Covid-19 pandemic as the government is gearing up to invite expressions of interest (EoIs) for ITDC, BEML, Concor and Neelachal Ispat Nigam Ltd (NINL) in the next few days.
While the coronavirus pandemic has put hurdles on the government’s ambitious Rs 2.1 lakh crore divestment plan for this fiscal, officials say such activities would remain at high levels starting early next year.
According to the sources in the finance ministry, there is a meeting on December 30 to decide on the final terms and conditions of EOI of India Tourism Development Corporation (ITDC)’s sale of Ashoka Hotel, which will be followed by another meeting for BEML.
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