Page 17 - Privatisation

Govt may invite expressions of interest for Shipping Corporation this week

The government is planning to sell its entire 63.75 per cent stake in Shipping Corporation, along with transfer of management control

Air India privatisation to spill into FY21-22, unlikely this fiscal

Salt-to-software conglomerate Tata Group and US-based fund Interups Inc were among "multiple" entities that put in preliminary bids last week for buying loss-making carrier Air India

Privatisation policy will now be a road map for PSB mergers: Debasish Panda

The soon-to-be-unveiled privatisation policy for public sector enterprises will lay the road map for mergers and amalgamation among state-owned banks, says Debasish Panda

Anil Agarwal eyeing Indian disinvestment program with a $10 bn war chest

Agarwal made a fortune buying state companies and fixing them up, building a metals and mining powerhouse under the umbrella of Vedanta Resources Ltd

Core secretary panel set to take up Shipping Corporation disinvestment

Market capitalisation of the company stood at Rs 3,910 crore as of December 11

Buying jewel in the crown: BPCL a revenue churner, not a drain on finances

Unlike Air India, the winning bidder for BPCL can easily bank on this revenue churner to recover the cost of acquisition

BPCL disinvestment gets going. Time to bet on OMCs? Here's what charts say

The formation of a "Death Cross" on BPCL has disrupted the upside bias lately. Here is how stocks of oil marketing companies look on the technical charts

BPCL privatisation: Initial bids close today, all eyes now on Reliance

Given the uncertain demand scenario, the investors are weighing if BPCL acquisition makes sense

Govt will not extend deadline to bid for state refiner BPCL: Report

The Centre has received a "sufficient and good response", according to sources

Top headlines: NDA leading in Bihar polls, Oaktree revises bid for DHFL

The Election Commission says counting of votes will take longer than usual in Bihar.

To privatise or not? Key questions answered on shedding govt stake in PSB

There is a growing consensus in favour of the move, but strengthening governance and widening the ambit of acceptable investor groups are critical to its success

Govt may extend deadline for Air India bid to further sweeten deal

The submission of initial bid or expression of interest (EoI) may be extended by 45 days to two months to December

Centre may have no stake in public sector banks after privatisation

Wants RBI to relax the rules on ownership in private sector banks

UP power utilities' losses top Rs 80k cr as govt defers privatising firm

Purvanchal Vidyut Vitran Nigam Limited account for the maximum share of Rs 19,373 crore or almost 25 per cent of the total amount

UP govt rolls back decision to privatise power distribution companies

In a memorandum signed with the association, the power department and energy minister Shrikant Sharma agreed on "not privatising any discom in the state

Rosneft, Saudi Aramco unlikely to bid in BPCL privatisation: Report

A source said that Aramco has halted most of its investment plans into India due to the oil price crash and is unlikely to bid for BPCL

Power ministry issues Standard Bidding Document for discoms' privatisation

The SBD will be the guiding document for the state governments which might want to offer their discoms to private companies

Fiscal stimulus, lower interest rate needed for 7% growth rate: Panagriya

Panagariya further said the country lost nearly $125 billion in the April-June period due to the Covid-19 pandemic

Top headlines: EPFO to pay in instalments, Silver Lake to invest in RIL

Business Standard brings you the top headlines of the day

BPCL privatisation: Govt rules on worker protection, asset stripping later

Preliminary expressions of interest or EoIs are due on September 30, which will be followed by qualified bidders being asked to submit financial or price bids.