Advanced Cyber Security Architect / Engineer

[BIG NEWS] Modi Government Shifts Focus from Privatisation to Overhauling State-Run Firms

- The Modi government has decided to drop its aggressive privatisation plans and will instead focus on overhauling more than 200 state-run firms to make them more profitable. - The new strategy, expected to be unveiled in the annual budget on July 23, includes selling underutilised land and monetising other assets to raise $24 billion in the current fiscal year. - The government aims to set five-year performance and production targets for each company, introduce succession planning, and train 230,000 managers for senior roles. - Despite hurdles in privatisation, the market valuation of state-run firms has more than doubled in the past year, indicating investor confidence in the sector's reforms. - Analysts warn that India risks missing the opportunity to capitalise on booming valuations, but the government expects higher profits and increased returns from its reforms. Source: Reuters

Netflix India's content chief assured the Centre that future content will align with national sentiments.

- The government summoned Netflix's content head over the series 'IC-814: The Kandahar Hijack' due to concerns about its portrayal of the hijackers. - Monika Shergill, Netflix India's content chief, assured the Centre that future content will align with national sentiments. - The meeting at Shastri Bhawan discussed contentious issues related to the series, which some viewers felt portrayed the hijackers too humanely. - Government sources emphasized the importance of respecting India's culture and civilization in media portrayals. - Netflix has committed to a content review to ensure future productions are sensitive to national sentiments. Source: [Live Mint](https://www.livemint.com/news/india/netflix-series-ic-814-the-kandahar-hijack-india-anubhav-sinha-govt-it-content-head-actors-24-december-1999-dia-mirza-11725342372099.html)

Japan and Tokyo Governments Aim for $4.7 Billion Valuation in Tokyo Metro IPO

- Japan's national and Tokyo governments are targeting a 700 billion yen ($4.7 billion) valuation for Tokyo Metro's IPO, expected as early as October-end. - The governments, owning 100% of Tokyo Metro, plan to brief brokerages within a week and seek Tokyo Stock Exchange approval by mid-September. - The IPO could raise 350 billion yen, surpassing Kokusai Electric's IPO last year and becoming the largest since SoftBank Group's wireless unit listing in 2018. - Tokyo Metro, with a history dating back to 1920, runs 195 kilometers of lines and reported a net profit of 46 billion yen in the financial year ended March 2024. - Funds raised will help repay reconstruction bonds from the 2011 earthquake and tsunami, with Nomura, Mizuho, and Goldman Sachs as joint global coordinators. Source: [Reuters](https://www.reuters.com/markets/deals/japan-tokyo-governments-target-47-bln-valuation-tokyo-metro-ipo-sources-say-2024-08-19/)