The Indian government is planning initial public offerings of five public sector undertakings or PSUs in the stock markets, an effort that was dropped at the last moment when the stock markets plunged due to the global financial meltdown, reported the Economic Times.
Disinvestment secretary Rahul Khullar reportedly said that the new government would take a decision on the IPO in May-June, while all preparations have been made. Last year, the government gave its nod for twelve PSUs to go public and by the time steps were taken to disinvest, the markets had already plunged.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.