According to Reliance Mutual Fund, which is managing the CPSE ETF, the fifth tranche would open for subscription on March 19, for anchor investors.

The Employees' Provident Fund Organisation's decision to hike interest rate to 8.65% brings cheer to its over six crore subscribers.

Dipam has in the past two years used ETFs as a tool of disinvestment. It has already launched two equity ETFs - CPSE ETF and Bharat 22 - and also has a plan for a debt ETF.

Reliance Group lenders promise not to sell shares till September 1Anil Ambani-led Reliance Group has reached a 'standstill agreement' with more than 90 per cent of its lenders under which they will not sell any of the shares pledged by promoters till September. Under the pact, the group will pay the principal and interest amounts to the lenders as per the scheduled due dates, while it has also appointed investment bankers for part placement of the group's direct 30 per cent stake in Reliance ...

Last week, as much as Rs 10,000 crore came in from Bharat-22 ETF and, another Rs 5,379 crore from the sale of Specified Undertaking of Unit Trust of India stake in Axis Bank.

The company said its coal production for the first nine months of the ongoing fiscal increased to 412.44 million tonnes against 383.92 million tonnes in the year ago period.

The proceeds from the ETF sale would help the government move towards meeting the Rs 80,000 crore disinvestment target set for the current fiscal.

Despite the call for large-scale disinvestment, PSUs continue to bail out the government.

The Interim Budget has set a target of Rs 90,000 crore to be mopped up from CPSE disinvestment in 2019-20, higher than Rs 80,000 crore in the current fiscal.

Indian stock markets have been ahead of most emerging markets in 2018. India is set to offer attractive returns as earnings recovery pulls in foreign investors.

As on September 30, 2018, Specified Undertaking of Unit Trust of India held around 9.63 per cent stake in Axis Bank, 7.97 per cent in ITC and 1.80 per cent in L&T