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  • Government has no business to be in business, says PM Narendra Modi Feb 24, 2021 06:29 PM IST

    Government has no business to be in business, says PM Narendra Modi

    The government plans to monetise around 100 underutilised and unutilised public assets in the near future, Modi said, adding that the move would create an investment opportunity of around Rs 2.5 trillion.

  • Centre’s divestment strategy: PM Narendra Modi, FM Nirmala Sitharaman to address webinar on implementation of Budget announcements Feb 23, 2021 01:02 PM IST

    Centre’s divestment strategy: PM Narendra Modi, FM Nirmala Sitharaman to address webinar on implementation of Budget announcements

    As a part of the 'Aatmanirbhar Bharat' package announced in May 2020, the government has lined key areas where bare minimum public sector undertakings will be maintained and the rest will be privatised.

  • FM Sitharaman on divestment: PSUs need to be run more efficiently to ensure productive use of taxpayers’ money Feb 20, 2021 01:28 PM IST

    FM Sitharaman on divestment: PSUs need to be run more efficiently to ensure productive use of taxpayers’ money

    Finance Minister Nirmala Sitharaman said the government wants to divest so that the units are run more professionally with the help that may be available outside the government

  • Oil India, Engineers India to jointly bid for BPCL's stake in Numaligarh Refinery Feb 18, 2021 08:26 PM IST

    Oil India, Engineers India to jointly bid for BPCL's stake in Numaligarh Refinery

    NRL is the largest customer of OIL’s crude produced from its North Eastern fields. The deal is likely to happen before the privatisation process of BPCL is over.

  • Explained l RBI’s dividend to government, why higher payout is being sought and other questions answered Feb 18, 2021 07:07 PM IST

    Explained l RBI’s dividend to government, why higher payout is being sought and other questions answered

    The RBI pays dividend to the Government every year from its surplus. This year, the pandemic has impacted Government finances even more.

  • Vedanta, Centricus join hands to create $10-billion fund to invest in divestment-bound PSUs Feb 12, 2021 10:11 PM IST

    Vedanta, Centricus join hands to create $10-billion fund to invest in divestment-bound PSUs

    Vedanta and private equity firms Apollo Global and I Squared Capital's arm Think Gas have shown interest in buying the government's 52.98 per cent stake in BPCL.

  • Vedanta Resources Chairman Anil Agarwal teams up with Centricus to create $10 billion fund to invest in public sector companies Feb 12, 2021 09:02 PM IST

    Vedanta Resources Chairman Anil Agarwal teams up with Centricus to create $10 billion fund to invest in public sector companies

    Agarawal said his decision comes in support of the budget's strong focus on disinvestment.

  • Disinvestment a tall task as lights dim at BHEL Feb 11, 2021 09:34 AM IST

    Disinvestment a tall task as lights dim at BHEL

    BHEL's failures seem structural rather than cyclical

  • Centre working on ‘bank-driven', not government-driven, solution for bad assets: FM Nirmala Sitharaman Feb 07, 2021 03:40 PM IST

    Centre working on ‘bank-driven', not government-driven, solution for bad assets: FM Nirmala Sitharaman

    The Union Finance Minister while reacting to opposition's allegation of 'selling family silver', stated that the government for the first time has devised a clear strategy on divestment so that taxpayers' money is spent wisely, adding it wants few public sector enterprises in specified sectors to do well.

  • Oil India to pick up BPCL stake in Numaligarh refinery this fiscal Feb 05, 2021 03:58 PM IST

    Oil India to pick up BPCL stake in Numaligarh refinery this fiscal

    Out of the total 61.65 percent BPCL stake in NRL, around 48 percent will be sold to a consortium led by OIL and Engineers India, while another 13.65 percent will be given to the government of Assam.

  • Interview | We want to connect everyone to the LPG network, says petroleum secretary Tarun Kapoor Feb 04, 2021 07:29 PM IST

    Interview | We want to connect everyone to the LPG network, says petroleum secretary Tarun Kapoor

    In an interview with Moneycontrol, Ministry of Petroleum and Natural Gas secretary Tarun Kapoor said the government is further easing out norms for getting an LPG connection.

  • Government’s non-strategic sector privatisation can offer good opportunity for investors Feb 03, 2021 08:56 AM IST

    Government’s non-strategic sector privatisation can offer good opportunity for investors

    Most of these companies have a decent market share in their respective products and can benefit from aggressive and focused management.

  • Budget 2021 | Government must speed up disinvestment to bridge fiscal deficit Feb 01, 2021 04:15 PM IST

    Budget 2021 | Government must speed up disinvestment to bridge fiscal deficit

    With two months to go in this fiscal, it appears impossible that the government will meet its disinvestment target of Rs 2.1 lakh crore. It is hoped that the 2022 target is achieved

  • Centre invites EoIs for strategic divestment of Neelachal Ispat Nigam Jan 25, 2021 08:46 PM IST

    Centre invites EoIs for strategic divestment of Neelachal Ispat Nigam

    NINL, which became India’s largest exporter of saleable pig iron since 2004-05, has been reeling under losses, compelling the government to include the public sector unit in its disinvestment plan.

  • SAIL: Strike while the iron is hot Jan 15, 2021 10:51 AM IST

    SAIL: Strike while the iron is hot

    The timing is right for selling Sail’s shares to meet the divestment target, but is a piecemeal approach the best way?

  • Budget Chart Point | The disinvestment puzzle Jan 14, 2021 11:07 AM IST

    Budget Chart Point | The disinvestment puzzle

    Disinvestment is a target that is mostly missed

  • Government invites expressions of interest for 26% stake in BEML Jan 03, 2021 03:06 PM IST

    Government invites expressions of interest for 26% stake in BEML

    SBI Capital Markets Limited (SBICAP) will be the Transaction Advisor to advise and manage the strategic disinvestment process.

  • Divestment plan back on track; BEML, ITDC next on agenda Dec 24, 2020 12:46 PM IST

    Divestment plan back on track; BEML, ITDC next on agenda

    The department of investment and public asset management will meet over the next week to take forward the process of strategic sale of several PSUs.

  • Disinvestment process will now gain a lot of momentum, says Finance Minister Nirmala Sitharaman Dec 15, 2020 11:44 PM IST

    Disinvestment process will now gain a lot of momentum, says Finance Minister Nirmala Sitharaman

    Disinvestment will be happening, corporatisation of not just the defence and the DRDO-related labs, but also banks and they should also be able to raise money from the market, said Finance Minister Nirmala Sitharaman on the day 1 of ASSOCHAM Foundation Week

  • Big Story | Coal India, NTPC and NMDC among 8 PSUs who could go for share buybacks Oct 20, 2020 07:19 PM IST

    Big Story | Coal India, NTPC and NMDC among 8 PSUs who could go for share buybacks

    The emphasis is on those companies that have an extra cash buffer after meeting their capital expenditure requirements for the financial year.

  • Exclusive | LIC IPO may not happen before second quarter of FY22 Oct 08, 2020 03:15 PM IST

    Exclusive | LIC IPO may not happen before second quarter of FY22

    The government is yet to appoint book running lead managers and legal advisors. An embedded value has to be decided, the insurer has to pare its stake in a number of other listed companies and has to tweak its balance sheets to comply with regulations, and the LIC Act has to be amended in Parliament.

  • The importance of disinvestment to capital receipts is growing Oct 08, 2020 12:50 PM IST

    The importance of disinvestment to capital receipts is growing

    The unofficial objective of disinvestment since 1991 has always been this: Bridge the gap of fiscal deficit

  • Disinvestment: Stop whistling in the dark Jul 17, 2020 10:16 AM IST

    Disinvestment: Stop whistling in the dark

    The plan to privatise some of the banks like Punjab & Sind Bank, Indian Overseas Bank and Bank of Maharashtra is downright outlandish

  • Business Insight | Air India's disinvestment pushed to August-end, will it find takers this year? Jun 29, 2020 09:04 PM IST

    Business Insight | Air India's disinvestment pushed to August-end, will it find takers this year?

    Experts suggest that the government should pause the bidding process till the pandemic ebbs

  • This time there would be no problem in Air India disinvestment: Hardeep Singh Puri Feb 17, 2020 01:45 PM IST

    This time there would be no problem in Air India disinvestment: Hardeep Singh Puri

    The minister also assured the employees at Air India that their requirements would be foremost in the airline and factored in whatever arrangement is decided with the successor.

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