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  • Govt calls off EOI process for strategic divestment of BPCL May 26, 2022 05:47 PM IST

    Govt calls off EOI process for strategic divestment of BPCL

    The 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.

  • Government stays the course on bank privatisation: Sources May 25, 2022 10:35 PM IST

    Government stays the course on bank privatisation: Sources

    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.

  • Cabinet allows PSU boards to suggest disinvestment, closure of subsidiaries, units May 18, 2022 02:12 PM IST

    Cabinet allows PSU boards to suggest disinvestment, closure of subsidiaries, units

    As per the Cabinet decision, the Alternative Mechanism will review the process of disinvestment and closure of units undertaken by PSUs.

  • Government may sell only part of BPCL, instead of entire stake: Report May 17, 2022 07:26 PM IST

    Government may sell only part of BPCL, instead of entire stake: Report

    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.

  • Congress raises questions over Pawan Hans disinvestment, asks why merger with ONGC not explored May 01, 2022 05:50 PM IST

    Congress raises questions over Pawan Hans disinvestment, asks why merger with ONGC not explored

    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

  • Government to fast-track asset monetisation as disinvestment plan flounders Apr 25, 2022 03:41 PM IST

    Government to fast-track asset monetisation as disinvestment plan flounders

    Senior officials from 12 ministries will meet on April 29 to share the roadmap for asset monetisation of their departments

  • Assets of HMT Watches, Hindustan Cables, 6 other PSUs to be sold this fiscal Apr 16, 2022 05:31 PM IST

    Assets of HMT Watches, Hindustan Cables, 6 other PSUs to be sold this fiscal

    The assets are being sold as the government tries to disinvest and restructure several of its non-core sector companies, a report has said

  • Mutual funds investing in PSU stocks have outperformed market indices. Should you invest? Apr 04, 2022 09:56 AM IST

    Mutual funds investing in PSU stocks have outperformed market indices. Should you invest?

    Rising commodity prices, economic recovery is pushing up PSU stocks

  • Sebi mulls easing open offer pricing formula for PSUs Mar 26, 2022 09:45 AM IST

    Sebi mulls easing open offer pricing formula for PSUs

    As the government prepares to dispose of its holdings in more enterprises, the move is intended to remove pricing ambiguity for possible acquirers.

  • Madras HC rejects plea against LIC disinvestment Mar 23, 2022 12:53 PM IST

    Madras HC rejects plea against LIC disinvestment

    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.

  • Roadshows for IDBI Bank disinvestment ongoing, says Finance Ministry Mar 21, 2022 03:34 PM IST

    Roadshows for IDBI Bank disinvestment ongoing, says Finance Ministry

    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.

  • Government focus turns to selling off CPSEs in non-strategic sectors Mar 09, 2022 04:55 PM IST

    Government focus turns to selling off CPSEs in non-strategic sectors

    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.

  • Recap of three decades of disinvestment ahead of LIC IPO Feb 16, 2022 01:01 PM IST

    Recap of three decades of disinvestment ahead of LIC IPO

    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.

  • LIC IPO | The history of disinvestment in India Feb 09, 2022 11:26 AM IST

    LIC IPO | The history of disinvestment in India

    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

  • FDI policy to be tweaked soon to pave way for LIC public issue, says  DPIIT secretary Feb 02, 2022 07:07 PM IST

    FDI policy to be tweaked soon to pave way for LIC public issue, says DPIIT secretary

    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.

  • Stage is all set for a return to growth, post the pandemic Feb 01, 2022 09:42 PM IST

    Stage is all set for a return to growth, post the pandemic

    More policy measures to boost consumption would have been welcome

  • Understanding the Union Budget 2022: A Beginner’s Guide Jan 31, 2022 05:58 PM IST

    Understanding the Union Budget 2022: A Beginner’s Guide

    While there will be a lot of noise around it, you need to keep your eyes trained on four parameters. Here they are. 

  • Govt approves sale of Neelachal Ispat to Tata Steel Long Products Jan 31, 2022 02:51 PM IST

    Govt approves sale of Neelachal Ispat to Tata Steel Long Products

    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.

  • Budget 2022: Divestment targets likely to be missed, despite 2021 promises Jan 27, 2022 07:53 PM IST

    Budget 2022: Divestment targets likely to be missed, despite 2021 promises

    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.

  • Delhi High Court rejects Subramanian Swamy’s case against Air India sale to Tatas Jan 06, 2022 12:14 PM IST

    Delhi High Court rejects Subramanian Swamy’s case against Air India sale to Tatas

    The detailed judgment will be made available in the public domain shortly, the court intimated.

  • Delhi High Court reserves order on Subramanian Swamy’s plea against Air India sale to Tatas Jan 04, 2022 12:13 PM IST

    Delhi High Court reserves order on Subramanian Swamy’s plea against Air India sale to Tatas

    Swamy has sought a detailed investigation into the disinvestment process which, he claimed, was rigged in favour of Tatas

  • Centre firms up asset monetisation plan for Ashok Hotel, Cabinet nod likely by January Dec 16, 2021 06:24 PM IST

    Centre firms up asset monetisation plan for Ashok Hotel, Cabinet nod likely by January

    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.

  • Govt approves sale of 100% stake in Central Electronics for Rs 210 crore Nov 29, 2021 07:32 PM IST

    Govt approves sale of 100% stake in Central Electronics for Rs 210 crore

    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.

  • PSU stocks continue to be a preferred bet among ace investors Nov 16, 2021 09:18 AM IST

    PSU stocks continue to be a preferred bet among ace investors

    As markets look expensive across the board, the PSU basket appears attractive just because of the relatively low valuations.

  • Best to temper PSU-privatisation hopes: Kotak report Oct 18, 2021 03:09 PM IST

    Best to temper PSU-privatisation hopes: Kotak report

    Government’s policy to retain presence in certain sectors leaves out a large number of big PSUs

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