The Union government is expected to introduce two finance bills in the winter session of Parliament in November. One would split the Pension Fund Regulatory and Development Authority (PFRDA), Act, and the other is in connection with privatising public sector banks (PSBs).
While presenting this year’s Budget, Finance Minister Nirmala Sitharaman had announced the privatisation of PSBs as part of disinvestment drive to garner Rs 1.75 lakh crore.
In other global development, Exxon Mobil is planning to build carbon capture storage hubs in Southeast Asia, similar to its project in Texas. The energy company has started talks with some countries with potential storage options for carbon dioxide.
In China, embattled property giant Evergrande has announced to prioritize growth of EV business over its real estate operations. The update has pushed up its shares.
Tesla has rolled back its latest Full Self-Driving (FSD) beta…