Dipam

Showing of 1 - 20 from 37 results
Dipam - Total results - 37
Govt raises Rs 11,500 crore from strategic sale of two state-run power companies to NTPC
Business

Govt raises Rs 11,500 crore from strategic sale of two state-run power companies to NTPC

The government has raised Rs 11,500 crore through strategic sale of two state-run power companies, THDC and NEEPCO, to NTPC

SAIL not to shut down 3 loss-making steel units: Chairman Anil Kumar Chaudhary
Business

SAIL not to shut down 3 loss-making steel units: Chairman Anil Kumar Chaudhary

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

Buyers of Air India, BPCL not to get free hand to shed excess staff: DIPAM secretary Tuhin Kanta Pandey
Business

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
Business

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
Business

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.

ETFs catch on, total assets base on NSE rises 9% in six months to Rs 1.5 lakh cr in September
Business

ETFs catch on, total assets base on NSE rises 9% in six months to Rs 1.5 lakh cr in September

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
Business

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.

Govt mulls listing of Coal India's profit-making subsidiaries to raise funds
Business

Govt mulls listing of Coal India's profit-making subsidiaries to raise funds

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
Business

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
India

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
Business

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.

Govt to divest 25% in RailTel Corporation, invites bids from merchant bankers to manage IPO
Business

Govt to divest 25% in RailTel Corporation, invites bids from merchant bankers to manage IPO

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
Business

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
Business

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
Business

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.

State-run companies to get 12 months to sell non-core assets, failure may lead to budget cuts
Business

State-run companies to get 12 months to sell non-core assets, failure may lead to budget cuts

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

First-ever sale of 'enemy shares'; buyback by CPSEs yield over Rs 11,300 cr to exchequer in FY19
Business

First-ever sale of 'enemy shares'; buyback by CPSEs yield over Rs 11,300 cr to exchequer in FY19

Enemy property refers to the assets left behind by people who migrated to Pakistan or China and are no longer citizens of India.

Cabinet clears procedure, mechanism to monetise enemy properties, CPSE's non-core assets
Business

Cabinet clears procedure, mechanism to monetise enemy properties, CPSE's non-core assets

The institutional framework for monetisation of the assets could also be used by other CPSEs, PSUs, government organisations and loss-making or sick CPSEs.

Prime Minister's Office holds meeting to speed up strategic sale of PSUs identified by Niti Aayog
Business

Prime Minister's Office holds meeting to speed up strategic sale of PSUs identified by Niti Aayog

Niti Aayog has identified 35 PSUs, including Air India, Air India's subsidiary AIATSL, Dredging Corporation, BEML and Scooters India for strategic sale.