Disinvestments

Showing of 1 - 20 from 14 results
Disinvestments - Total results - 14
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

Air India disinvestment process going on 'extremely well'; govt may extend initial bids deadline: Aviation minister Hardeep Singh Puri
Business

Air India disinvestment process going on 'extremely well'; govt may extend initial bids deadline: Aviation minister Hardeep Singh Puri

Civil Aviation Minister Hardeep Singh Puri on Friday indicated that the deadline for submission of preliminary bids for Air India could be extended even as he emphasised that the disinvestment process is going on "extremely well"

Air India sale: Govt working on proposal to allow 100% foreign direct investment in national carrier
Business

Air India sale: Govt working on proposal to allow 100% foreign direct investment in national carrier

The government is working on a proposal to allow 100 percent foreign direct investment in Air India as it moves ahead with disinvestment of the national carrier, according to sources

LIC staff union to hold hour-long walk-out strike today to protest against govt's IPO plans
Business

LIC staff union to hold hour-long walk-out strike today to protest against govt's IPO plans

The employees' union of Life Insurance Corporation (LIC) will stage an hour-long walk-out strike on Tuesday to protest against the government's move to sell its stake in the state-run insurer through an initial public offering

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

Govt working on debt issue of Air India to attract buyers: Civil Aviation Secretary Pradeep Singh Kharola
Business

Govt working on debt issue of Air India to attract buyers: Civil Aviation Secretary Pradeep Singh Kharola

The government is working on the debt issue of national carrier Air India to make it more attractive to buyers, a top official said on Monday

If govt reduces its stake in PSU firms to 50%, they will work more efficiently: Vedanta chief Anil Agarwal
Business

If govt reduces its stake in PSU firms to 50%, they will work more efficiently: Vedanta chief Anil Agarwal

Vedanta Resources Chairman Anil Agarwal on Monday said if the government reduces its stake in public sector companies and banks to 50 percent, they will work more efficiently

Viral Acharya says govt needs to undertake heavy disinvestment program, reduce its reliance on bond markets
Business

Viral Acharya says govt needs to undertake heavy disinvestment program, reduce its reliance on bond markets

The Indian government needs to reduce its reliance on bond markets and undertake a heavy disinvestment programme along with urgently implementing land, labour and agricultural reforms, former RBI Deputy Governor Viral Acharya said

PSU stocks grab limelight on reports of govt reducing stake below 51% in state-owned cos; BHEL jumps over 22%
Business

PSU stocks grab limelight on reports of govt reducing stake below 51% in state-owned cos; BHEL jumps over 22%

PSU stocks were in huge demand on Friday and zoomed up to 22 percent, led by BHEL, in-tandem with a bullish broader market trend

Steps to help MSMEs, ease farmers' distress increase risk of fiscal slippage: Moody's
Business

Steps to help MSMEs, ease farmers' distress increase risk of fiscal slippage: Moody's

Moody's Investors Service on Friday said the steps announced by the government to aid MSMEs and the measures being planned to support farmers will increase the risk of fiscal slippage and push deficit to 3.4 percent of GDP in the current financial year.

Finance ministry eyes Rs 8,000 cr through CPSE exchange-traded fund, issue likely by November-end
Business

Finance ministry eyes Rs 8,000 cr through CPSE exchange-traded fund, issue likely by November-end

This would be the fourth tranche of the CPSE ETF, which comprises shares of 10 bluechip companies.

Consolidated FDI policy may hurt Air India stake sale, Tatas likely to skip it altogether
Business

Consolidated FDI policy may hurt Air India stake sale, Tatas likely to skip it altogether

Industry veterans hope that the bar on foreign airlines investing in Air India is lifted, if and when the disinvestment process gets started

Govt stake in EIL down to 54.17%, corners Rs 659 cr buyback
Business

Govt stake in EIL down to 54.17%, corners Rs 659 cr buyback

Govt had 57.02 percent in EIL prior the launch of the Rs 658.80 crore share buyback on 25 July

Make debt fund dividends tax-free: What retail investors want from Budget
Budget

Make debt fund dividends tax-free: What retail investors want from Budget

Retail investors would get more leg room if dividends from debt funds were made tax-free up to an investment amount of Rs. two lakh.