Oil ministry seeks approval to split GAIL; pipeline business may be sold later

NEW DELHIĀ : The Oil Ministry has moved a cabinet note seeking approval for hiving off state-owned gas utility GAIL (India) Ltd’s pipeline business into a separate entity for a possible sale to a strategic investor at a later date, sources privy to the development said. GAILĀ is India’s biggest natural gas marketing and trading firm and owns more than 70 per cent of the country’s 16,981-km pipeline network, giving it a stranglehold on the market. Users of natural gas have often complained about not ‘fairly’ getting access to GAIL’s 12,160-km pipeline…

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Morgan Stanley stays Overweight on India; ICICI Bank, Gail among top 4 stocks in focus list

Finally! Some good news for emerging markets which witnessed huge foreign money outflows thanks to the rise in the US Dollar. In 2018, a tricky handoff in growth, policy and inflation drove a rolling bear market. However, for 2019, Morgan Stanley expects a larger turning point in a number of multi-year trends. Emerging Markets (EM) assets should outperform. The global investment bank thinks that the bear market is mostly over for EM, has further to go in US credit and is about to begin for the US dollar. [“source=cnbc”]  

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