E-PaperCash Reserves News
Once cash rich, India’s demands erode 90% of ONGC’s war chest
ONGC's cash reserves dropped to about Rs1,000 crore as on 31 March from nearly Rs13,000 crore a year earlier after its HPCL acquisition and dividend payout to the government
2 min read11 Jun 2018Coal India: Higher capex on non-core operations seen as a drag on cash reserves
Coal India has allocated Rs15,000 crore capex for this year, out of which Rs6,500 crore28% higher than last year's allocationis for non-core operations
2 min read7 Jun 2017RBI mantra: Look forward to deftly manage cash and forex
For every dollar it buys, RBI releases rupees into the banking system, which is already awash with surplus cash after demonetisation
1 min read13 Apr 2017RBI’s excess capital should fund PSU banks, ARC: Economic Survey 2017
Economic Survey says RBI's surplus cash can be used to extinguish bad loans in PSU banks and setting up a state-owned asset reconstruction company
2 min read31 Jan 2017Five charts that explain the crisis in Kerala’s economy
A white paper released by state finance department says the finances of Kerala are in dire straits
4 min read8 Jul 2016Cash reserves at automobile firms touch seven-year high
Auto makers are likely to use the cash pile to strengthen R&D capabilities as well as introduce new models
3 min read20 Jun 2016CPSEs hold Rs1.8 trillion in cash, cash equivalents as government mulls buyback option
An official advising the govt on its divestment strategy said that buybacks provide another option to raise money in the light of weak market conditions and low appetite for government stock
2 min read16 May 2016Cairn Energy may vote against Cairn India-Vedanta merger: media report
Cairn Energy has objections related to the valuations of Cairn India used to reach the proposed swap ratio and unnecessary exposure to a diversified minerals and metals company
1 min read23 Jul 2015ONGC turns funds seeker as cash dries
ONGC's cash reserves have all but vanished in the last three years making it difficult to compete for acquisitions with rivals such as Royal Dutch Shell
3 min read7 May 2015Falling cash reserves, high debt to hit RIL
Contribution of treasury income to could fall further over the next couple of years and hit levels last seen in 2010-11, say analysts
2 min read28 Apr 2015Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared