Day: March 7, 2020

Govt invites preliminary bids for sale of its entire 52.98% stake in BPCL

In the country’s biggest ever privatisation drive, the government on Saturday invited bids for sale of its entire 52.98 per cent stake in India’s second biggest oil refiner Bharat Petroleum Corp Ltd (BPCL).

Expressions of interest for the strategic sale of BPCL have been invited by May 2, as per the bid document by the Department of Investment and Public Asset Management (DIPAM).

“The Government of India is proposing strategic disinvestment of its entire shareholding in BPCL comprising of 114.91 crore equity shares, which constitutes 52.98% of BPCL’s equity share capital along with transfer

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Have set Rs 10,000 cr as upper limit for investment in YES Bank: SBI chief

State Bank of India (SBI) chairman Rajnish Kumar on Saturday said, the bank had received the draft scheme for the reconstruction of troubled private lender YES Bank and a legal team was evaluating the plan and doing its due diligence on it. He also said that the SBI has set an upper limit of Rs 10,000 crore for investment in YES Bank.

Kumar said that an investment team is analysing the balance sheet of the troubled private lender and SBI would go to the Reserve Bank of India (RBI) by March 9.

“Plan has been received

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Kavango Resources PLC’s new foray into the Kalahari copper belt won’t distract it from upside at KSZ

It’s an exciting addition to the () portfolio: a joint venture on two copper exploration licences just a few kilometres away from the ground famously worked up by MOD, Metal Tiger () and Sandfire ().

The formal joint venture was signed in mid-February following an initial memorandum of understanding that was agreed in September of 2019. But it’s not likely to end there.

“We’re in the process of putting together quite a substantial land package in that area,” says Kavango’s chief executive Mike Foster.

“We have plans to extend our ground holding further.”

Partly that’s because of the huge prospectivity

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“Broken” Company’s Own Finance IT Overhaul Delayed

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But firm wins a “major reduction in client penalty payments”

Outsourcing giant Capita’s 2019 was a bloodbath, earnings reported this week showed, with the company slumping to a £62.6 million loss, from 2018 profits of £272 million.

The company saw £78 million-worth of contracts terminated or re-negotiated in 2019, as it struggled to rebuild a desperately damaged reputation for poor performance.

The company cited a “major reduction in client penalty payments” as a bright spot.

Amid amid an aggressive, sweeping restructuring, including sustained investment in its own internal processes, IT and teams, it hopes to turn the

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Innovation, with a Decade’s Hindsight

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There’s no denying that the 2010s saw some fascinating developments in Big Data.

Predictions are hard – it’s not always easy to say what will happen in the next week, let alone the next year or next decade, writes Ravi Mayuram, SVP of Engineering and CTO, Couchbase.

Hindsight in 2020
Ravi Mayuram

And looking ahead, it’s difficult to grasp just how few people knew what the next ten years would bring in 2010. After all, if you had bet $100 in 2010 that Donald Trump would be President of the U.S.; the U.K. would be preparing to exit the European

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