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  • Non-banking PSU stocks, private banks, metals likely to hog limelight in 2020 Dec 25, 2019 09:32 AM IST

    Non-banking PSU stocks, private banks, metals likely to hog limelight in 2020

    Investors are not confident in mid-caps and small-caps due to slowdown and are focusing on large-caps and that is why large-caps have outperformed.

  • PM Modi holds 1st meeting of Cabinet Committee on Investment & Growth Dec 23, 2019 07:42 PM IST

    PM Modi holds 1st meeting of Cabinet Committee on Investment & Growth

    The panel has four other members -- Home Minister Amit Shah, Highways and MSME Minister Nitin Gadkari, Finance Minister Nirmala Sitharaman and Commerce & Railways Minister Piyush Goyal.

  • Govt likely to invite EoI for stake sale in Air India, BPCL next month Dec 20, 2019 07:10 PM IST

    Govt likely to invite EoI for stake sale in Air India, BPCL next month

    The airline is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores.

  • BPCL rallies 3% as report suggests roadshows likely to be conducted Dec 12, 2019 03:25 PM IST

    BPCL rallies 3% as report suggests roadshows likely to be conducted

    Department of Investment and Public Asset Management and Petroleum Ministry will lead joint delegation for BPCL roadshows.

  • BPCL share price jumps 2% despite rating revision by Moody's, CRISIL Dec 12, 2019 12:44 PM IST

    BPCL share price jumps 2% despite rating revision by Moody's, CRISIL

    The rating agencies are closely following the developments on the government's stake sale in BPCL .

  • BPCL seeks LNG cargo for January delivery: Sources Dec 10, 2019 02:41 PM IST

    BPCL seeks LNG cargo for January delivery: Sources

    The tender closes on December 10 and is valid until December 12, one of them said.

  • Executives at Indian state-run companies oppose privatisation of refiner BPCL Dec 09, 2019 10:00 PM IST

    Executives at Indian state-run companies oppose privatisation of refiner BPCL

    Thousands of workers have already protested the privatisation of BPCL, fearing job losses, as India plans to invite international energy firms to participate in the privatisations.

  • Rahul Gandhi flays PM Modi over govt decision to disinvest in BPCL Dec 08, 2019 08:40 AM IST

    Rahul Gandhi flays PM Modi over govt decision to disinvest in BPCL

    Attacking the Prime Minister, Gandhi said Modi will be thrown out of power "like a rat" if he failed to give BPCL and ONGC to big corporates.

  • Deloitte's Re 1 advisory fee for BPCL disinvestment irks peers Dec 06, 2019 02:46 PM IST

    Deloitte's Re 1 advisory fee for BPCL disinvestment irks peers

    Deloitte had quoted a similar price for its services in the divestment process of Container Corporation of India.

  • For BPCL divestment, Deloitte quotes Re 1 as advisory fee: Report Dec 04, 2019 12:34 PM IST

    For BPCL divestment, Deloitte quotes Re 1 as advisory fee: Report

    SBI Caps was the second-lowest bidder, quoting Rs 15-17 crore

  • Govt may raise Rs 30K cr from THDCIL, NEEPCO, land sale in FY20 Nov 29, 2019 10:48 AM IST

    Govt may raise Rs 30K cr from THDCIL, NEEPCO, land sale in FY20

    The land and stake sale is expected to be completed by FY20-end

  • BPCL stir on Nov 28 | Other PSU unions may participate to present a united front against privatisation Nov 27, 2019 12:52 PM IST

    BPCL stir on Nov 28 | Other PSU unions may participate to present a united front against privatisation

    The strike will continue for multiple days if privatisation is not reconsidered, Praveen Kumar P, general secretary of Cochin Refineries Employees Association (CREA) said

  • Market Headstart: Nifty seen opening flat; Dr Reddy’s, Axis Bank top buys Nov 27, 2019 08:07 AM IST

    Market Headstart: Nifty seen opening flat; Dr Reddy’s, Axis Bank top buys

    Trends on SGX Nifty indicate a flat opening for the broader index in India, with a four-point loss. Nifty futures were trading around 12,083-levels on the Singaporean Exchange

  • Madras HC restrains BPCL employees in Tamil Nadu from going on strike Nov 26, 2019 08:34 AM IST

    Madras HC restrains BPCL employees in Tamil Nadu from going on strike

    Raising objections to the proposed BPCL privatisation, over 20 different employees unions of BPCL called for a nationwide strike.

  • BPCL asset valuer asked to submit valuation of company in 50 days Nov 24, 2019 11:40 AM IST

    BPCL asset valuer asked to submit valuation of company in 50 days

    The stake sale will follow a two-stage process of first inviting expression of interest (EoI) from potential bidders who will after due diligence will be asked to submit price bids in the second part, officials said.

  • Going for more professionalism in PSUs via equity dilution: Dharmendra Pradhan Nov 21, 2019 06:45 PM IST

    Going for more professionalism in PSUs via equity dilution: Dharmendra Pradhan

    The Union Cabinet on Wednesday decided to sell its entire stake in three enterprises and bring down stake below 51 per cent in select PSUs.

  • Privatisation | When a crisis becomes an opportunity Nov 21, 2019 01:50 PM IST

    Privatisation | When a crisis becomes an opportunity

    The government’s decision to sell BPCL, SCI and Concor indicates it is no longer diffident about privatisation

  • IOC, other PSUs not to bid for BPCL, hints Dharmendra Pradhan Nov 21, 2019 01:36 PM IST

    IOC, other PSUs not to bid for BPCL, hints Dharmendra Pradhan

    The Cabinet Committee on Economic Affairs had on Wednesday decided to sell the government's entire stake in the country's second-largest state refiner BPCL and India's largest shipping company Shipping Corporation of India (SCI).

  • Stake sale in BPCL, SCI, Concor to strengthen firms, bring in fresh investments: FICCI Nov 21, 2019 12:16 PM IST

    Stake sale in BPCL, SCI, Concor to strengthen firms, bring in fresh investments: FICCI

    "It is encouraging to see the government take further steps to push the reforms agenda as well as address some of the critical pain points of industry.

  • Congress hits out at BPCL disinvestment decision, says govt 'selling the country' Nov 21, 2019 11:08 AM IST

    Congress hits out at BPCL disinvestment decision, says govt 'selling the country'

    The Cabinet on Wednesday approved a strategic divestment of the government's 53.29 per cent stake in BPCL, along with transfer of certain management control. This is excluding BPCL's equity share holding of 61 per cent stake in Numaligarh Refinery.

  • BJP making India's best organisations hollow, selling them: Priyanka Gandhi Nov 20, 2019 10:18 AM IST

    BJP making India's best organisations hollow, selling them: Priyanka Gandhi

    Her attack comes days after Sitharaman reportedly said the government was looking to wrap up the sale of state-run Air India and oil refiner and marketer BPCL by March 2020.

  • Why OMC’s Q2 results failed to meet street’s expectations? Nov 19, 2019 01:38 PM IST

    Why OMC’s Q2 results failed to meet street’s expectations?

    Among all three OMCs, BPCL’s results were impressive.

  • BPCL Consolidated September 2019 Net Sales at Rs 64,289.50 crore, down 11.28% Y-o-Y Nov 13, 2019 11:49 AM IST

    BPCL Consolidated September 2019 Net Sales at Rs 64,289.50 crore, down 11.28% Y-o-Y

  • No Cabinet decision yet on BPCL disinvestment Nov 08, 2019 03:56 PM IST

    No Cabinet decision yet on BPCL disinvestment

    There is a possibility of government selling its 53.29 per cent stake along with management control in oil marketing and refining firm for about USD 10 billion (around Rs 70,900 crore)

  • BPCL privatisation: Dharmendra Pradhan says no role of govt in business; competition to benefit consumers Nov 07, 2019 03:51 PM IST

    BPCL privatisation: Dharmendra Pradhan says no role of govt in business; competition to benefit consumers

    Days before the Union Cabinet takes up a proposal to privatise state-owned BPCL, Petroleum Minister Dharmendra Pradhan on Thursday said the government has 'no business to be in business', and cited examples of telecom and aviation sectors where opening up had led to increased competition and price cuts to the benefit of consumers.

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