The government has raised Rs 11,500 crore through strategic sale of two state-run power companies, THDC and NEEPCO, to NTPC
State-owned Steel Authority of India Ltd (SAIL) will not close down three of its loss-making speciality steel plants if the company does not find buyers for these units, its chairman Anil Kumar Chaudhary said
Govt plans to sell 5% stake in SAIL through OFS, likely to fetch Rs 1,000 cr; may complete transaction in current fiscal
Buyers of Air India, BPCL not to get free hand to shed excess staff: DIPAM secretary Tuhin Kanta Pandey
Buyers of loss-making airline Air India and oil firm Bharat Petroleum Corporation Ltd (BPCL) will not get a free hand to shed excess workforce as the government will build in certain protection to employees in the share sale agreement, DIPAM Secretary Tuhin Kanta Pandey said
Economic Survey 2020: Privatised CPSEs reported better profit, sales after transition; aggressive disinvestment promotes efficiency
It observes that the focus of the strategic disinvestment needs to be to exit from non-strategic business and directed towards optimising economic potential of these CPSEs.
Air India, BPCL, Container Corporation divestments 'unlikely' this fiscal; govt preparing financial statements: Official
Similarly, on Container Corporation (Concor) and Air India as well, the official said that the sales will not go through in the current fiscal ending 31 March.
The exchange, further said, it is continuously engaging with investors to ensure a larger participation from the retail segment in ETFs.
Subhash Chandra Garg seeks voluntary retirement from govt service after being shunted out of Finance Ministry
Garg is a 1983 batch IAS officer of the Rajasthan cadre and has been working as the secretary in Department of Economic Affairs since June 2017.
The government is examining a proposal to list profit-making subsidiaries of state-owned Coal India Ltd in a bid to raise funds, sources privy to the development said
Govt mulls merger of state-owned general insurance companies with New India Assurance to create synergy
The idea is to fast track stake sale in the public sector general insurance companies, which has been pending for the past two years, sources said
Narendra Modi likely to meet finance ministry department officials on 20 June, plans to discuss roadmap for growth
Ahead of the Budget, Prime Minister Narendra Modi is likely to meet all five departments of the finance ministry on 20 June to discuss the road map for boosting country's growth and generating jobs.
Air India divestment: Govt likely to sell full stake in national carrier; lukewarm response to airline's realty assets sale bid
The government may not hold any residual stake in Air India keeping in view the last year's unsuccessful privatisation bid.
The government will appoint up to three merchant bankers to manage the listing process and has invited bids from them by 11 June
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.
Finance Ministry starts consultation with investors to launch global Exchange Traded Fund in current fiscal
ETFs function like a mutual fund scheme and have underlying assets of government-owned companies.
The Department of Investment and Public Asset Management (DIPAM) Monday issued the guidelines for monetisation of non-core assets of CPSEs and immovable enemy properties
Enemy property refers to the assets left behind by people who migrated to Pakistan or China and are no longer citizens of India.
The institutional framework for monetisation of the assets could also be used by other CPSEs, PSUs, government organisations and loss-making or sick CPSEs.
Niti Aayog has identified 35 PSUs, including Air India, Air India's subsidiary AIATSL, Dredging Corporation, BEML and Scooters India for strategic sale.