Feb 27, 2017 at 17:57 | Source: Moneycontrol.com
Earlier this month, the government divested 2 percent of its stake held in ITC held through the Specified Undertaking of the Unit Trust of India (SUUTI). LIC bought this 2 percent taking its overall shareholding to 16.32 percent.
Feb 22, 2017 at 15:58 | Source: Moneycontrol.com
From the only eligible reported proposal of a Kotak Bank, the list has now widened to include other big names like ICICI Bank, HDFC Bank and HDFC. There could be some over-ambitious mid-sized players also queueing up over the next few weeks.
Feb 21, 2017 at 21:10 | Source: PTI
The Finance Ministry has not received any communication with regard to reported merger of Kotak Mahindra Bank and Axis Bank, a senior official said.
Feb 09, 2017 at 11:07 | Source: Moneycontrol.com
Speaking to Moneycontrol, JN Gupta, Co-founder and MD of proxy advisory firm Stakeholders Empowerment Services (SES) said that in real sense, one arm of the government is the seller and other is the buyer, so at best it a resource [mobilisation] exercise by the government."
Feb 09, 2017 at 08:39 | Source: Moneycontrol.com
A top fund manager was quoted as saying that the largest consolidation in the banking sector is being explored by the shareholders of the two banks, according to a report in The Times of India.
Feb 07, 2017 at 09:56 | Source: Moneycontrol.com
In early trade Tuesday, the government has divested 2 percent of its stake held in ITC held through the Specified Undertaking of the Unit Trust of India (SUUTI).
Feb 07, 2017 at 09:15 | Source: Moneycontrol.com
BHEL, ITC, Sun Pharma, Wipro, GAIL, Aurobindo Pharma and IndusInd Bank were early gainers while Dr Reddy's Labs, ICICI Bank, Bharti Airtel, Axis Bank, ONGC, ACC and Eicher Motors were under pressure.
Feb 01, 2017 at 15:29 | Source: Moneycontrol.com
Cigarette major ITC shares hit record high of Rs 269.50, up 4.5 percent intraday Wednesday as excise duty hike was within the analysts' expectations limit.
Feb 01, 2017 at 13:22 | Source: Moneycontrol.com
On Wednesday, Finance Minister Arun Jaitley announced a divestment target of Rs 72,500 crore for FY18, 60 percent higher than the previous fiscal's revised estimate of Rs 45,500 crore.
Jan 11, 2017 at 17:05 | Source: Moneycontrol.com
The government has managed to garner over Rs 23,500 crore through selling its stake in public sector enterprises during the first nine months of the current fiscal, representing nearly 60 percent of the disinvestment target, said Manish Singh, Joint Secretary, Department of Investment and Public Asset Management (DIPAM)