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Finmin's cost cutting drive: No more free booze for banks at board meetings

Jan 17, 2014

Finmin's cost cutting drive: No more free booze for banks at board meetings

The UPA government is planning a major cost-cutting drive with an aim to cut wasteful as well as planned expenditure in order to attain a lower FY14 fiscal deficit of 4.5 percent of GDP against the targeted 4.8 percent. #Banks #finance ministry #IOC #Divestment #planned expenditure #wastefull expenditure
Govt's fund-raising drive: EGoM okays 10% stake sale in IOC to PSUs

Jan 16, 2014

Govt's fund-raising drive: EGoM okays 10% stake sale in IOC to PSUs

A panel of ministers has approved sale of a 10 percent stake in state refiner Indian Oil Corp through a block deal on the stock exchanges, Oil Minister Veerappa Moily said on Thursday. #BreakingNow #ONGC #IOC #Divestment #Oil India
Divestment plan: Govt defers decision on MMTC stake sale till July

May 14, 2013

Divestment plan: Govt defers decision on MMTC stake sale till July

The government has deferred a decision to sell its 9.33 per cent stake in MMTC till July as it is awaiting the state-run trading firm's audited earnings for the 2012-13 fiscal for deriving the true value of its equity. #ToWhatEffect #stake sale #MMTC #Divestment plan
Essar Ports promoters pledge almost 100% of their stake in co

May 09, 2013

Essar Ports promoters pledge almost 100% of their stake in co

Value of pledged shares of Indian companies declined marginally to Rs 1.40 lakh crore as of March 31 from Rs 1.43 lakh crore as of 31 December. #CorporateStrategy #Essar Ports #stake sale #Divestment
Govt to sell stake in Engineers India; to fetch Rs 520 cr

Apr 15, 2013

Govt to sell stake in Engineers India; to fetch Rs 520 cr

The Department of Disinvestment (DoD) will soon appoint merchant bankers to manage 10 percent stake sale in Engineers India Ltd (EIL) which may fetch Rs 520 crore to the exchequer. #NewsTracker #stake sale #Divestment #Engineers India Lmited