Divestment

Showing of 1 - 20 from 111 results
Divestment - Total results - 111
Budget 2020: Govt to sell stake in LIC via partial listing; sets steep divestment target of Rs 2.1 lakh cr for FY21
Business

Budget 2020: Govt to sell stake in LIC via partial listing; sets steep divestment target of Rs 2.1 lakh cr for FY21

Although the government did not give a roadmap for listing LIC, it said that Rs 90,000 crore will be achieved via stake sales in state-owned banks and financial institutions.

Budget 2020: Scale of privatisation will demonstrate govt's desire to undertake structural change
Business

Budget 2020: Scale of privatisation will demonstrate govt's desire to undertake structural change

On a relative basis, India has underperformed in six of the seven cases 30 days prior to the Budget announcement and in five out of seven cases 30 days post-Budget announcement

Union Budget 2019: Importance of capital account dealing with receipts, expenditures and creation, dilution of assets
Business

Union Budget 2019: Importance of capital account dealing with receipts, expenditures and creation, dilution of assets

The capital account, as the name suggests, deals with receipts and expenditures that lead to the creation or dilution of assets.

Minus Rs 72,000 for poor, Congress Manifesto 2019 makes right noises; Rahul's NYAY will be party's headache
Politics

Minus Rs 72,000 for poor, Congress Manifesto 2019 makes right noises; Rahul's NYAY will be party's headache

While Congress' poll manifesto is sensitive towards major economic issues, including unemployment, Rahul Gandhi's Nyay scheme is fraught with major risks — both as an idea and on the implementation front

Govt exceeds disinvestment target this financial year, proceeds touch Rs 85,000 cr: Arun Jaitley
Business

Govt exceeds disinvestment target this financial year, proceeds touch Rs 85,000 cr: Arun Jaitley

For next fiscal the disinvestment target has been fixed at Rs 90,000 crore.

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

Shoppers Stop bets on omnichannel strategy to grow biz; aims to be debt-free by 2019
Business

Shoppers Stop bets on omnichannel strategy to grow biz; aims to be debt-free by 2019

By betting on betting big on an omnichannel retail strategy, the retail chain believes it will be able to attract more consumers across the country

Air India's failed stake sale: Government now has another shot at setting things right at the ailing national carrier
Business

Air India's failed stake sale: Government now has another shot at setting things right at the ailing national carrier

The government must ensure that Air India focuses on its core competency to turn around, and could plan for an IPO in three to four years.

Disinvestment: Away from the public eye, the government's attempts to shut sick state-run firms is worthy of notice
Business

Disinvestment: Away from the public eye, the government's attempts to shut sick state-run firms is worthy of notice

Few know that the government has cracked the whip on its own defaulters as well, and successfully closed down chronically sick public companies.

Air India disinvestment: Government likely to push out EoI shortly; ready to give up majority control
Business

Air India disinvestment: Government likely to push out EoI shortly; ready to give up majority control

A government notification announcing the contours of the Air India sale is expected Tuesday night

Three public sector general insurance companies to meet on Friday to discuss merger
Business

Three public sector general insurance companies to meet on Friday to discuss merger

The three public sector general insurance companies will be meeting on 16 February to deliberate on the proposed merger plan, a top official of United India Insurance said

Budget 2018: Arun Jaitley reveals govt mops up Rs 1 lakh cr via divestment this year; aims Rs 80,000 cr in FY19
Business

Budget 2018: Arun Jaitley reveals govt mops up Rs 1 lakh cr via divestment this year; aims Rs 80,000 cr in FY19

The government reduced stake in several PSUs this fiscal, including EIL, NTPC, NALCO and OIL.

Arun Jaitley has tough task to choose between populism and fiscal prudence in Union Budget 2018
Business

Arun Jaitley has tough task to choose between populism and fiscal prudence in Union Budget 2018

In Union Budget, small businesses may get some sops to ease pain caused to them due to chaotic rollout of GST and demonetisation

Air India's domestic, global operations to be sold together: Aviation minister Jayant Sinha
Business

Air India's domestic, global operations to be sold together: Aviation minister Jayant Sinha

On the disinvestment process, Jayant Sinha said the government is still in the process of identifying which subsidiaries of Air India should be offered separately.

Pradeep Singh Kharola as Air India CMD: Quick changes at top give out mixed signals on stake sale
Business

Pradeep Singh Kharola as Air India CMD: Quick changes at top give out mixed signals on stake sale

With so many questions and few answers, what will the appointment of yet another bureaucrat as Air India CMD do? Won’t his hands be tied to the eventual fate of the disinvestment process, hindering day-to-day decision making?

Divestments, rising GST mop-up to lower fiscal deficit pains, says India Ratings report
Business

Divestments, rising GST mop-up to lower fiscal deficit pains, says India Ratings report

Front-loading of expenditure, where government has exhausted 96 percent of the deficit by August, and also a slowdown in growth which led it to even mull a stimulus, had put question marks over whether it government will be able to meet the fiscal deficit target or not

Bharat 22 ETF: Govt raises Rs 14,500 cr; fund sees Rs 32,000 cr bids, so far Rs 52,000 cr garnered via divestment
Business

Bharat 22 ETF: Govt raises Rs 14,500 cr; fund sees Rs 32,000 cr bids, so far Rs 52,000 cr garnered via divestment

In Bharat 22 ETF, as much as 25 percent of total issue size, or Rs 2,000 crore, was reserved for anchor investors who put in bids worth about Rs 12,000 crore

Bharat 22 ETF to debut on Tuesday; aims to raise Rs 8,000 cr, to be part of Rs 72,500 cr divestment plan
Business

Bharat 22 ETF to debut on Tuesday; aims to raise Rs 8,000 cr, to be part of Rs 72,500 cr divestment plan

Bharat 22 ETF is a part of government's overall disinvestment programme which seeks to raise Rs 72,500 crore

Govt to sell 5% in NTPC at Rs 168 per share tomorrow, to mop-up Rs 7,000 cr
Business

Govt to sell 5% in NTPC at Rs 168 per share tomorrow, to mop-up Rs 7,000 cr

NTPC shares closed 2.5 percent higher on the BSE at Rs 173.55 apiece on Monday