Page 5 - Disinvestment

Supreme Court orders CBI probe into Centre's HZL disinvestment in 2002

The court did not stall the proposed disinvestment of the government's 29.54 per cent residual stake in the open market

Govt invites bids from asset valuers for strategic sale of FSNL

The finance ministry on Thursday invited bids from asset valuers to assist the government in the strategic sale of Ferro Scrap Nigam Ltd (FSNL).

Govt unlikely to meet disinvestment target: Finance Secretary TV Somanathan

'I don't expect a huge uptick in inflation. I think it will remain within the 4 to 5 per cent band', said Somanathan

Top Headlines: Centre cuts excise on fuel, govt to miss disinvestment goals

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BPCL disinvestment delayed as suitors strive for partners: Report

The massive price tag means bidders as well as the Indian government want a consortium with stronger technical and financial muscle for the transaction, the people said.

BPCL privatisation likely to face a bump on rising fuel prices in India

A major chunk of the auto fuel price in the country consists of state and central taxes

Air India's disinvestment likely to complete within the next 10 weeks: Govt

Bansal, who also holds the charge of Chairman and Managing Director of Air India, in an order said airline's disinvestment process is in its final stages and letter to intent has been already issued

Divestment push may boost PSU m-cap on bourses from all-time low currently

Nifty PSE index closes at highest level since January 2018

AI sale: PSUs set for rerating, divestment agenda gets a push, say analysts

Besides Air India and BPCL, SCI, CONCOR, IDBI Bank, BEML, Pawan Hans, Neelachal Ispat Nigam are some of the other public sector companies that are likely to see government cut its stake

Govt quashes report of Tata Group emerging as winning bidder for Air India

The clarification came in the wake of Bloomberg reporting Tata Sons has been selected as the winning bidder for the debt-laden state-run airline

Govt seeks to empanel merchant bankers, legal advisors for share sales

Appointment will be for two years, extendable for one year; contenders can quote a fee as low as Re 1, must submit bids by October 20

A one-horse race

'So as the privatisation of Air India goes into the final lap, I can confirm it is only a one-horse race', says the author

Govt intends to complete BPCL disinvestment by March-end: Company chairman

Acquirer will have to make open offers to minority shareholders of Petronet LNG and IGL for 26% shares, costing new owner of BPCL another Rs 19,000 cr

Disinvestment to increase PSUs' income, create jobs: MoS Finance Karad

The government plans to increase public sector undertakings' (PSUs) income and create employment through the disinvestment process, Minister of State for Finance Bhagwat K Karad said on Friday. He said public sector companies provide employment to 14 lakh people in the country. "Disinvestment doesn't mean that the companies are making losses, but the government has different plans to increase their income and to increase jobs," he said while addressing a virtual event organised by Dun & Bradstreet India. He said the government has decided to garner around Rs 6 lakh crore by way of monetisation. Last month, Finance Minister Nirmala Sitharaman had announced a Rs 6-lakh crore National Monetisation Pipeline (NMP) to unlock value in infrastructure assets across sectors ranging from power to road and railways. The plan, designed by the NITI Aayog, intends to sell off/lease public sector assets worth Rs 6 lakh crore to private companies in four financial years between 2021-22 and ...

Final bids for Air India disinvestment today, Tata group also in race

The government is expected to complete the sale of the national carrier with at least two buyers expected to submit financial bids by September 15

Faltering on privatisation

Tweaking tax laws alone will not help

Top headlines: Small firms on I-T radar, race for steel supremacy, and more

Business Standard brings you the top headlines at this hour

Rs 6-trillion monetisation plan: Modi govt's ambition in a minefield

Given the record of past blunders, under-achievements, vulnerabilities and the manifest influence of stigmatised capital, what India might get is yet another school for scandal, cautions T N Ninan

'It was Congress that sold country's resources': FM counters Rahul on NMP

Sitharaman on Wednesday launched a scathing attack on those criticising the Rs 6 lakh crore monetisation plan, wondering if Congress leader Rahul Gandhi even understands what such a move entails

Fearing conflict, govt agrees to Air India employees' main demands

It has agreed to bear the cost of liquidation loss on account of transfer to EPFO from company-owned trusts, inclusion of employees in the central government health scheme, and encashment of leaves