Disinvestment
Disinvestment News
IRCTC stock slips 5% per cent as govt offer-for-sale begins
The government's offer-for-sale (OFS) of up to 5 per cent stake in Indian Railway Catering and Tourism Corporation (IRCTC) at a floor price of Rs 680 a share opened for institutional investors on Thursday
Star9 Mobility Pvt Ltd to buy govt's 51% stake in Pawan Hans helicopter service provider for Rs 211 crore
Loss-making PHL is a 51:49 joint venture of the government and ONGC
'Govt has no business to be in business': FY23 PSU disinvestment target of Rs 65,000 crore achievable
In her Budget 2022-23 speech, FM Nirmala Sitharaman has kept clarity about keeping privatisation low-key, under the radar if possible. The reasons are obvious: privatisation is still regarded as sinful in the political arena
Budget Session 2022: Nirmala Sitharaman provides update on LIC IPO in speech
The IPO of the insurance company is crucial for the government to meet its disinvestment target this fiscal, ending March 2022
Union Budget 2022: Important terms you may find handy ahead of Nirmala Sitharaman's speech
Ahead of Finance Minister Nirmala Sitharaman presenting the Union Budget for the year 2022-2023, we try to simplify it for you
Air India sale: Centre opposes Subramanian Swamy's plea in Delhi HC seeking to set aside disinvestment process
The BJP leader Swamy has approached the high court seeking to quash the Air India disinvestment process and set aside the approvals given to it by authorities
Opinion | No dearth of privatisation critics but Centre must go ahead with PSU sale in 2022
Just like the strategic sale of Balco in 2001, when the government sold its 51 percent equity in the aluminum major, galvanised privatisation in the country, Air India sale has the potential of accelerating the pace of disinvestment.
Government may be third time lucky to say ‘Tata’ to Air India
Privatisation may not ensure redemption for the loss-making airline, but it still is high time the government gets this done
Finance Ministry issues modified circular on salary contribution to PM-CARES Fund; says those willing should intimate officers
A circular issued on 17 April had urged all the officers and staff of the finance ministry to contribute one-day's salary every month to the fund till March 2021, beginning with May salaries.
Air India privatisation: Govt extends time till 6 March for bidders to pose queries on stake sale in national carrier
The government has extended the time till 6 March for bidders to pose additional queries regarding sale of its 100 percent stake in Air India
Disinvestment proceeds to be used for creating infrastructure for country, not to bridge revenue deficit: Nirmala Sitharaman
The government set an ambitious disinvestment target of Rs 2.10 lakh crore for the next financial year, which includes selling stake in BPCL and insurance behemoth LIC.
Nirmala Sitharaman's Budget 2020 measures too long-term, unlikely to bolster growth, meet targets in FY21: Crisil
Noting that the economy is facing its worst slowdown in over a decade, a CRISIL report has said this was because consumption and investment have stopped firing for too long
Economic Survey 2019-2020 sources data from Wikipedia, private entities such as Bloomberg and BSE
The Economic Survey 2019-20 has sourced certain data from Wikipedia, which is not considered as reliable source of information.
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.
Economic Survey 2020: CEA K Subramanian takes on predecessor Arvind Subramanian for questioning India’s GDP numbers
The Economic Survey has projected a 6-6.5% GDP growth for 2020-21. But, there will be much skepticism on this number given that in the last survey, the growth was projected at 7% whereas the actual growth is likely to end up around 5%.
Economic Survey 2020: Growth projection of 6-6.5% looks reasonable in current scenario; effort should be there to garner revenue on tax front
The Economic Survey is also quite a votary of disinvestment and the view held is that there should be exits by the government in non-critical areas.
Composite PMI for December sends positive signal, disinvestment of 3 PSUs on slow mode; all this and more on Moneycontrol Pro
The seasonally adjusted PMI bottomed out in October and has gone up in both November and December.
BPCL privatisation: IOC, other PSUs not to bid, hints Union Minister Dharmendra Pradhan
Oil Minister Dharmendra Pradhan on Thursday hinted that public sector firms such as Indian Oil Corporation (IOC) may not be allowed to bid for buying government stake in Bharat Petroleum Corporation Ltd (BPCL), for which a buyer may have to shell out as much as Rs 90,000 crore
Stake sale in BPCL, SCI, Concor to strengthen firms, bring in fresh investments: FICCI
Industry body FICCI on Thursday hailed the centre's go-ahead to the sale of its stake BPCL, SCI and Concor stating that the move would strengthen the performance of these companies and bring in fresh investments for both modernisation and expansion
BPCL, Shipping Corp of India shares hit 52-week high after privatisation move, pares gain later
Shares of Bharat Petroleum Corp Ltd (BPCL), Shipping Corp of India (SCI) and Container Corp of India (Concor) showed mixed trend on Thursday after the Cabinet approved the sale of government's stake in these companies