Jun 18, 2021 01:40 PM IST
Bank Unions are worried that outsourcing of several jobs has already led to retrenchment in clerical roles and privatisation poses “a greater risk” to those positions
- Jun 11, 2021 05:05 PM IST
Employees of PSBs rumored to be in the privatisation list are worried about the fate of their jobs. There is a concern that the new employers will resort to mass layoffs.
- Jun 09, 2021 11:33 AM IST
The whole deal may not be as easy as it sounds, say analysts. Potential buyers for lenders like Central Bank and Indian Overseas Bank, the likely targets for privatisation, could be worried about the PCA tag, weak financials, say experts.
- Jun 07, 2021 02:01 PM IST
Banks privatisation: Central Bank of India and Indian Overseas Bank have been recommended for divestment by the NITI Aayog, but another potential sell includes the Bank of India.
- Apr 05, 2021 10:44 AM IST
The AIBEA said the general council called on its associated unions and members from across India “to continue the struggle against bank privatisation”
- Apr 01, 2021 12:08 PM IST
LIC and the central government will seek premium valuation to give away the control of IDBI Bank that has been nursed back to health
- Apr 01, 2021 08:45 AM IST
It is not clear why Indian tonnage should be state owned and it is not enough for it to be privately owned for ‘national security’ purposes
- Mar 18, 2021 07:45 AM IST
Gateway Distriparks and Allcargo Logistics confirms to Moneycontrol that they are likely to be in the race to buy stake in India’s largest container train and terminal operator.
- Mar 17, 2021 11:42 AM IST
Public sector banks' employees held 2-day strike on March 15-16, general insurance companies employees are striking on March 17, and LIC employees on March 18. Here are the details:
- Mar 16, 2021 04:54 PM IST
We have announced a Public Enterprise Policy, where we have identified four areas where public sector presence will be there, in this, financial sector too is there. Not all banks are going to be privatised, said Finance Minister Nirmala Sitharaman.
- Mar 16, 2021 10:48 AM IST
The United Forum of Bank Unions (UFBU), an umbrella body of nine unions called for a bank strike across the country on March 15 and 16.
- Mar 04, 2021 05:29 PM IST
In February, Torrent Power had emerged as the highest bidder in the tender for power distribution in the Union Territory of Dadra & Nagar Haveli and Daman & Diu.
- Mar 02, 2021 09:57 AM IST
PSU stocks are likely to remain in focus in the coming fiscal as possible privatisation or monetisation of PSUs will likely result in valuation rerating in this space.
- Mar 01, 2021 08:10 PM IST
The transaction is likely to happen this month and is considered to be the first step towards the privatisation of BPCL.
- Feb 26, 2021 09:17 AM IST
Logistics, of which shipping is an integral part, can be the largest potential driver of value addition in the coming decade
- Feb 25, 2021 10:42 PM IST
India Inc on February 25 said privatisation except in strategic sectors would unleash exciting opportunities, boost investments in infrastructure and create jobs.
- Feb 25, 2021 04:42 PM IST
The Union Cabinet had cleared the proposal for strategic sale of the government’s 53.29 percent stake in BPCL on November 20, 2019.
- Feb 25, 2021 01:35 PM IST
The private sector will bring in investment, modern technology and better global management practices
- Feb 24, 2021 06:29 PM IST
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.
- Feb 19, 2021 11:20 AM IST
The wait for a new Land Licensing Fee was considered a key roadblock in the privatisation of Container Corporation (Concor). The new policy is expected to bring down the land lease rates for use of railway land for industrial purposes
- Feb 18, 2021 10:38 AM IST
The government has budgeted Rs 1.75 lakh crore from stake sale in public sector companies and financial institutions, including two public sector banks (PSBs) and one general insurance company, in the next fiscal year beginning April 1.
- Feb 16, 2021 02:49 PM IST
Finance Minister Nirmala Sitharaman while presenting Budget 2021-22 earlier this month had announced the privatisation of Public Sector Banks.
- Feb 12, 2021 02:07 PM IST
It is not ownership but governance which should impact businesses. Unfortunately, successive governments have not been able to reform the governance mixing it with ownership
- Feb 12, 2021 01:13 PM IST
Sitharaman also said that the priority for the government was to bring a budget that would supplement the stimulus.
- Feb 05, 2021 11:16 AM IST
The issue of Air India's divestment is fairly at an "advanced stage, civil aviation secretary Pradeep Kharola has said.