May 26, 2022 05:47 PM ISTThe government will decide on the divestment process in due course, the Department of Investment and Public Asset Management (DIPAM) said, adding that the majority of BPCL suitors expressed their inability to continue.
May 25, 2022 10:35 PM IST According to reports, the government is on track to privatise two public sector banks (PSBs) and would take proper steps in the coming months, the administration stated its intention to privatise two PSBs this year in the Union Budget for 2021-22 as well.
May 18, 2022 02:12 PM IST As per the Cabinet decision, the Alternative Mechanism will review the process of disinvestment and closure of units undertaken by PSUs.
May 17, 2022 07:26 PM IST New Delhi is considering inviting bids for a 20%-25% stake in BPCL, instead of an outright sale of its entire 52.98% holding, the two government officials, who declined to be named, told Reuters.
May 01, 2022 05:50 PM IST The Finance Ministry on Friday said Star9 Mobility Pvt Ltd will buy the government’s 51 per cent stake in helicopter services provider Pawan Hans Ltd
Apr 25, 2022 03:41 PM IST Senior officials from 12 ministries will meet on April 29 to share the roadmap for asset monetisation of their departments
Apr 16, 2022 05:31 PM IST The assets are being sold as the government tries to disinvest and restructure several of its non-core sector companies, a report has said
Apr 04, 2022 09:56 AM IST Rising commodity prices, economic recovery is pushing up PSU stocks
Mar 26, 2022 09:45 AM IST As the government prepares to dispose of its holdings in more enterprises, the move is intended to remove pricing ambiguity for possible acquirers.
Mar 23, 2022 12:53 PM IST The first bench of Chief Justice M N Bhandari and Justice D Bharatha Chakravarthy was dismissing the petition from L Ponnammal, a policy-holder with the insurance behemoth who contended that the subject matter would not fall within the definition of Money Bill.
Mar 21, 2022 03:34 PM IST Nearly a year after the Cabinet gave its in-principle approval for the strategic disinvestment and transfer of control of IDBI Bank, the government has finally started conducting roadshows to gauge investor interest in the lender.
Mar 09, 2022 04:55 PM IST A new panel of secretaries has been formed, under the watch of the government's topmost think-tank Niti Aayog, for the "privatisation , divestment and closure" of CPSEs in non-strategic sectors.
Feb 16, 2022 01:01 PM IST The general buzz in the street and the frenzy in the market surrounding the Life Insurance Cooperation (LIC) of India’s initial public offering (IPO) is akin to the Friday release of a much-awaited multi-starrer big budget film. The mega IPO, expected to be the biggest in India’s history, has got everyone involved in tenterhooks. For the government this disinvestment is a huge step. To understand the background, it’s important to look back at India’s three-decade tryst with disinvestment. Watch the video for more.
Feb 09, 2022 11:26 AM IST All eyes are on the LIC’s public offer as apart from liberalising the insurance sector, it is expected to add fuel to the disinvestment programme
Feb 02, 2022 07:07 PM IST DPIIT will soon approach the Cabinet with the draft of the FDI policy that allows disinvestment in state-run insurer Life Insurance Corporation of India.
Feb 01, 2022 09:42 PM IST More policy measures to boost consumption would have been welcome
Jan 31, 2022 05:58 PM IST While there will be a lot of noise around it, you need to keep your eyes trained on four parameters. Here they are.
Jan 31, 2022 02:51 PM IST TSLP submitted the highest bid of Rs 12,100 crore for the takeover of 93.71 percent stake in NINL, the Centre announced on January 31.
Jan 27, 2022 07:53 PM IST When the finance minister will unveil her fourth consecutive Budget on February 1, it will show a 95 percent shortfall in budgeted revenues from the sale of equity stakes in companies it owns.
Jan 06, 2022 12:14 PM IST The detailed judgment will be made available in the public domain shortly, the court intimated.
Jan 04, 2022 12:13 PM IST Swamy has sought a detailed investigation into the disinvestment process which, he claimed, was rigged in favour of Tatas
Dec 16, 2021 06:24 PM IST The proposal may be taken up by the Cabinet early next month, an official told CNBC TV 18, adding that the government expects the hotel's monetisation to be completed by December 2022.
Nov 29, 2021 07:32 PM IST The winning bid of Rs 210 crore was placed by Nandal Finance, the government said. This was above the 'reserve price' of Rs 194 crore fixed for the strategic sale.
Nov 16, 2021 09:18 AM IST As markets look expensive across the board, the PSU basket appears attractive just because of the relatively low valuations.
Oct 18, 2021 03:09 PM IST Government’s policy to retain presence in certain sectors leaves out a large number of big PSUs
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