Centre files draft papers with market regulator SEBI for LIC IPO
The government will sell over 31 crore equity shares of LIC, according to the draft red herring prospectus filed with SEBI
Air India returns to the Tatas; conglomerate bids Rs 18,000 crore for 100% shares
The Department of Investment and Public Asset Management (DIPAM) secretary said Tatas' bid of Rs 18,000 crore comprises taking over of Rs 15,300 crore of debt and paying the rest in cash
Received financial bids for Air India disinvestment, says Centre; Tatas among suitors
The stake sale process, which begun on January 2020, faced delays due to the COVID-19 pandemic
Department of Public Enterprises merger with finance ministry will help push Centre's disinvestment goals, here's why
The Centre has said that the NITI Aayog has been tasked with coming up with the list of CPSEs that would be taken up for strategic disinvestment
Shifting Department of Public Enterprises to finance ministry could help expedite privatisation
Move will hopefully help government sell off PSUs. This will also help the taxpayer, who has to ultimately bear the cost of running PSUs.
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
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.
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
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
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.
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
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.