Business advisory

Following are some of the top business stories PTI will be releasing Sunday:

BIZ-FPI-OUTFLOW FPIs press exit button, pull out Rs 3,207 cr in May so far

New Delhi: Reversing their three-month buying streak, foreign investors pulled out a net Rs 3,207 crore from the Indian capital markets in the first seven trading sessions of May amid the US-China trade tensions and uncertainty over the election results.

BIZ-POWER SPOT PRICE

Average spot power price to be less than Rs 3.5/unit in May New Delhi: Average spot power price is unlikely to breach the Rs 3.50 per unit level in May on account of sufficient coal stock for thermal plants and enhanced supplies from clean energy sources, according to experts.

BIZ-CPSE STRATEGIC SALE FinMin reworking strategic sale procedure for CPSEs

New Delhi: The finance ministry is reworking strategic sale procedure to ensure outright sale of CPSEs within 4 months of issuance of documents to potential investors, a move aimed at ensuring speedier conclusion of the entire process, an official said. PTI ABM

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