Divestment

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

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

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

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

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

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

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

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

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

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