Cpse

Govt plans to garner Rs 10,000 cr from seventh tranche of CPSE ETF by end of current month

The government is planning to raise over Rs 10,000 crore from CPSE ETF's seventh tranche that would be launched by the end of the current month, according to market sources

Cabinet gives nod to launch Bharat Bond ETF; move to create additional source of funding for PSUs, state-run organisations

Further, Bond ETF trading on the exchange will help in better price discovery of the underlying bonds.

Govt gives go-ahead to biggest privatisation drive; to sell stake in BPCL, SCI, Concor to help bridge a widening fiscal gap

In the biggest privatisation drive-ever, the Union Cabinet on Wednesday approved sale of government's stake in blue-chip oil firm BPCL, shipping firm SCI and onland cargo mover Concor

Centre likely to consider proposal to reduce stake below 51% in CPSEs soon; Cabinet may decide on merger of state-run insurance firms

The Budget for 2018-19 had proposed the merger of three public sector general insurance companies and subsequent listing of the merged entity on stock exchanges.

Tough task ahead for govt to meet divestment target, global manufacturing sector shrinking; all this and more on Moneycontrol Pro

Divestment through the exchange-traded funds route of CPSE and Bharat 20 and a small IPO from railway ticketing company IRCTC is unlikely to help the government meet its target.

Finance Ministry asks large central public sector enterprises to make investments to pump liquidity

The finance ministry on Friday asked large central public sector enterprises (CPSEs) to stick to their capital expenditure plan which will increase liquidity in the market and boost economic growth

Govt to launch sixth tranche of CPSE Exchange Traded Fund on 18 July; to raise up to Rs 10,000 cr

The government is planning to raise up to Rs 10,000 crore from the sixth tranche of CPSE ETF which would be launched on 18 July, an official said

Union Budget 2019: Govt working on tax sops for retail investors in CPSE, Bharat-22 ETF

The government is working on a proposal to extend tax benefits to retail investors in its two exchange traded funds - CPSE and Bharat-22 ETF

Govt plans to divest up to 15% in RITES via OFS, eyes to raise about Rs 700 cr; DIPAM to assist in sale process

At the current market price, sale of 15 percent stake in RITES would fetch around Rs 700 crore to the government.

Finance Ministry reworking strategic sale procedure to ensure outright sale of central public sector enterprises

Currently, there is no set timeline for concluding strategic sale of a state-owned company and the entire process, in some cases, drags on for months, if not years.