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 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.