Disinvestment

Showing of 21 - 40 from 276 results
Disinvestment - Total results - 276
IOC threatens to cut fuel supply to Air India for non-payment of bills; flight services likely to be partially hit
Business

IOC threatens to cut fuel supply to Air India for non-payment of bills; flight services likely to be partially hit

IOC has threatened to stop fuel supply at certain airports such Patna, Pune, Chandigarh, Cochin, Visakhapatnam and Ranchi

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

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

Govt aims to reduce stake in state-run firms to minimum in FY20 to meet disinvestment target figure of Rs 1.05 lakh cr
Business

Govt aims to reduce stake in state-run firms to minimum in FY20 to meet disinvestment target figure of Rs 1.05 lakh cr

The government will initiate privatisation of CPSEs as it sets a record high disinvestment target of Rs 1.05 lakh crore that will see the government lowering its stake in some CPSEs to below 51%.

Monsoon Session of Parliament: TMC's Rajya Sabha MPs protest against disinvestment of public sector companies
Politics

Monsoon Session of Parliament: TMC's Rajya Sabha MPs protest against disinvestment of public sector companies

Trinamool Congress members in Rajya Sabha on Monday sought to disrupt proceedings of the House by entering the well and raising slogans to protest disinvestment of public sector companies.

Govt duty-bound to achieve fiscal deficit of 3% as per law, says Finance Minister Nirmala Sitharaman
Business

Govt duty-bound to achieve fiscal deficit of 3% as per law, says Finance Minister Nirmala Sitharaman

In the Budget presented on Friday, the government lowered the fiscal deficit target to 3.3% of the GDP for 2019-20

RBI Financial Stability Report: There is good news and bad news, but where is the plan of action?
Business

RBI Financial Stability Report: There is good news and bad news, but where is the plan of action?

The Financial Stability Report analyses threadbare the overall state of the various segments as well as highlights the risk-related issues

Union Budget 2019: Disinvestment is government’s preferred way to liquidate loss-making, inefficient PSUs
Business

Union Budget 2019: Disinvestment is government’s preferred way to liquidate loss-making, inefficient PSUs

The concept of disinvestment follows the dictum: The government has no business to be in business

PFC completes REC acquisition, pays Rs 14,500 cr to govt; deal helps meet disinvestment target for current fiscal
Business

PFC completes REC acquisition, pays Rs 14,500 cr to govt; deal helps meet disinvestment target for current fiscal

PFC has raised money from Bank of Baroda, Life Insurance Corporation and State Bank of India, among others, to make the payment.

PFC to pay entire Rs 14,500 cr to government on Thursday for acquiring 52.63% stake in REC
Business

PFC to pay entire Rs 14,500 cr to government on Thursday for acquiring 52.63% stake in REC

State-owned Power Finance Corporation (PFC) on Thursday will make the entire payment of Rs 14,500 crore to the government for acquiring 52.63 percent stake in REC, a source said

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.

Institutional investors put in Rs 8,000-cr bids for SUUTI stake in Axis Bank
Business

Institutional investors put in Rs 8,000-cr bids for SUUTI stake in Axis Bank

The government's share sale in Axis Bank held through SUUTI witnessed a blockbuster start with institutional investors putting in bids worth over Rs 8,000 crore by lapping up 2.56 times the shares reserved for them on the first day of the offer for sale (OFS)

Govt to begin process to monetise non-core assets of state-owned companies from April
India

Govt to begin process to monetise non-core assets of state-owned companies from April

The Department of Investment and Public Asset Management (DIPAM) has been drafting an asset monetisation framework, which will lay down the procedures for the administrative ministries to follow in selling off CPSE assets

Narendra Modi govt's Budget 2019 gives away a lot without taking anything; how's the math working then?
Business

Narendra Modi govt's Budget 2019 gives away a lot without taking anything; how's the math working then?

Even if the numbers do not add up in Narendra Modi's 'no pain, all gains' budget in February 2020, the disinvestment block is always there to help meet its 3.4 percent fiscal deficit target

Budget 2019: Govt plans to mop up Rs 90,000 cr from CPSE share sale in FY20; confident of crossing previous year’s target
Business

Budget 2019: Govt plans to mop up Rs 90,000 cr from CPSE share sale in FY20; confident of crossing previous year’s target

The government, which has already raised around Rs 36,000 crore from disinvestment so far in the current fiscal, expects to raise another Rs 44,000 crore from share sale in state-owned companies in the two months till March 2019.

ONGC to buyback shares for Rs 4,022 cr as part of govt plan to get cash-rich PSUs to part with their surplus
Business

ONGC to buyback shares for Rs 4,022 cr as part of govt plan to get cash-rich PSUs to part with their surplus

ONGC shares closed almost flat at Rs 148.65 on the Bombay Stock Exchange (BSE) on Thursday.

Govt wants Rs 3.6 lakh crore cash surplus from RBI: Eating into central bank's reserves is a dangerous idea, will set a bad precedent
Business

Govt wants Rs 3.6 lakh crore cash surplus from RBI: Eating into central bank's reserves is a dangerous idea, will set a bad precedent

As this has not been done before, doing it now will definitely send a signal that all is not well with the government’s finances and will hence raise several questions on the running of the Budget.

Govt's Coal India offer for sale opens for institutional buyers; scrip tanks 3% to Rs 267
Business

Govt's Coal India offer for sale opens for institutional buyers; scrip tanks 3% to Rs 267

Coal India's offer for sale is the first big-ticket share sale and first OFS of the government in current fiscal, which will fetch at least Rs 5,000 crore to the exchequer.

Govt to sell 3% stake in Coal India, floor price at Rs 266 a share; disinvestment will fetch exchequer Rs 5,000 cr
Business

Govt to sell 3% stake in Coal India, floor price at Rs 266 a share; disinvestment will fetch exchequer Rs 5,000 cr

The stake sale in Coal India would help the government move forward towards the Rs 80,000 crore disinvestment target in current fiscal.

Dividend cut from oil marketing companies unlikely; disinvestment target to be met: Finance ministry
Business

Dividend cut from oil marketing companies unlikely; disinvestment target to be met: Finance ministry

The finance ministry on Tuesday said it does not expect a cut in dividend from oil marketing companies despite these retailers absorbing Re 1 per litre from last week.