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ITDC disinvestment: Govt will do well to keep past mistakes in mind

Jun 01, 2015

ITDC disinvestment: Govt will do well to keep past mistakes in mind

The Ministry of Tourism and Culture has already begun the process for disinvestment of Government's stake in 8 of the 16 hotels under ITDC. The Modi Government rightly feels it has no business to be in the business of hospitality. Besides, many hotels under the ITDC are loss making, some of them are non-functional and it would be a good idea to get these dud assets off the Government's books. #Divestment #ITDC #Mahesh Sharma
Modi's one year: Arun Jaitley's all-is-well rant conveniently misses unpleasant part

May 22, 2015

Modi's one year: Arun Jaitley's all-is-well rant conveniently misses unpleasant part

The reason for a change to waning investor sentiments from the days of euphoria is absence of much-needed structural reforms in the economy #Finance minister #Arun Jaitley #Divestment #economic reforms #one year of Modi govt #banking sector reforms
Sniffing irregularities CAG seeks special audit of Delhi airport operator

May 11, 2015

Sniffing irregularities CAG seeks special audit of Delhi airport operator

Sources told CNBC-TV18 that the CAG held a meeting with senior officials of the Ministry of Civil Aviation and DIAL officials about a month back where it sought a special audit. #CAG #Divestment #GMR #AAI #Ministry of Civil Aviation #ConnectTheDots DIAL
Govt unlikely to go for any dilution of stake in Air India

Mar 13, 2015

Govt unlikely to go for any dilution of stake in Air India

The government as part of the airline's turnaround plan had approved a Rs 30,000 crore financial package for 10 years in 2012 with certain riders. #Business #air india #Civil Aviation Ministry #CompanyWatch #Divestment #Anant Geete
BHEL Q3 net slumps 69% to Rs 212.60 cr on low sales

Feb 12, 2015

BHEL Q3 net slumps 69% to Rs 212.60 cr on low sales

State-run power equipment maker BHEL today reported a massive 69 percent fall in net profit at Rs 212.60 crore for the third quarter, hit by lower sales. #BHEL #Divestment #Q3 earnings
No FII appetite post HDFC, CIL share sales: Why ONGC disinvestment is unlikely this fiscal

Feb 08, 2015

No FII appetite post HDFC, CIL share sales: Why ONGC disinvestment is unlikely this fiscal

The disinvestment of 5 percent stake in state-run ONGC appears unlikely this fiscal as the liquidity situation in the market is under stress after recent mega share sales while the subsidy issue remains unresolved. #ONGC #IOC #BHEL #Nalco #Divestment #LIC #DCIL
Earnings: IOB posts loss of Rs 516 cr in Q3 on high provisioning

Feb 05, 2015

Earnings: IOB posts loss of Rs 516 cr in Q3 on high provisioning

IOB reported a net loss of Rs 516.03 crore for the quarter ended December 2014 due to higher provisions for bad loans. #coal india #Credit Suisse #Bank of America Merrill Lynch #JPMorgan #HDFC Bank #Divestment #NMDC #Cityspring Management #Government share sale
Budget 2015: FY16 divestment aim may be around Rs 43,000 cr

Feb 05, 2015

Budget 2015: FY16 divestment aim may be around Rs 43,000 cr

Finance Minister Arun Jaitley, in the Budget 2015, is likely to target around Rs 43,000 crore from disinvestment proceeds, almost the same level that the government expects to realise from stake sale in PSUs this fiscal. #coal india #Divestment #NMDC #NHPC #MMTC #State Bank of Mysore #Hindustan Copper #HMT #SJVN #Budget2015 #National Fertlisers #Neyveli Lignite Corp #State Trading Corp #divestment drive #Personal Finance Budget 2015 #Finance Budget 2015
Coal trade unions warn of non-cooperation drive against CIL divestment

Feb 01, 2015

Coal trade unions warn of non-cooperation drive against CIL divestment

Irked by the government's 10 percent stake sale in Coal India Ltd (CIL), trade unions have warned of a 'non-cooperation drive'. #Business #coal #NewsTracker #Coal India Limited #Divestment #CIL #Trade Unions #SQ Zama
Tax revenue growth good, divestment programme on track: Jaitley

Jan 23, 2015

Tax revenue growth good, divestment programme on track: Jaitley

On whether the government would look at privatisation as well, Jaitley said it can be done in case of companies that need to be privatised and the government cannot keep funding their losses with the taxpayers' money. #Economy #TheySaidIt #Arun Jaitley #manufacturing #Privatisation #Tax #Divestment #WEF Summit