Page 4 - Privatisation

Centre set to put Pawan Hans sale on hold over winning bidder concerns

This is the second instance where a disinvestment exercise has been put on hold after completion of the process due to allegations against the reputation of the winning bidder

Govt's Rs 7,000-cr port monetisation drive delayed on security clearance

The Ministry of Ports, Shipping and Waterways could award projects worth only Rs 1,000 crore in FY22, achieving barely 14% of the target

Govt-owned insurers go for organisational rejig, look for consultants

Four general insurers have decided to restructure the organisation towards profitable growth and have called for Request for Proposal (RFP) from consultancy firms

Govt may revisit BPCL privatisation, including revising the terms of sale

The transition towards green and renewable fuel has made privatisation difficult in existing terms: Official

No plan to privatise railways, need to accept latest tech: Ashwini Vaishnaw

The minister said there is an imperative need to flex the technology to meet the goal of Aatmanirbhar Bharat in order to make progress

FinMin invites bids for Ferro Scrap Nigam Ltd's privatisation

The sale would also involve transfer of management control in the PSU which is a 100 per cent subsidiary of state-owned MSTC

Opposition demands discussion on privatisation policies, back strike

Opposition members declared support to the two-day nationwide strike call given by a group of trade union against the privatisation policies pursued by the government

No plan to privatise Indian Railways, asserts Ashwini Vaishnaw

Referring to the new initiatives, he said that the Ministry has planned to roll out 75 Vande Bharat trains till 2024

Give up the idea of privatisation of railways: Kharge to Centre

Kharge said 2.65 lakh posts in the railways are lying vacant whereas 3.18 lakh people are employed on daily wages and 9.67 lakh posts are regularised.

India's privatisation in monochrome

The book presents a detailed chronological timeline of privatisation in the country

IDBI Bank privatisation: Govt holding roadshows to gauge investor interest

The Cabinet Committee on Economic Affairs had in May last year given in-principle approval for strategic disinvestment and transfer of management control in IDBI Bank

Govt invites bids from firms for valuing assets of privatisation-bound RINL

The last date for putting bids is April 4.

Calibrated approach to bank privatisation needed: Industry leaders

The government sounded the bugle on privatisation of state-owned enterprises in its recent Budget

Union Cabinet approves creation of a new company for land monetisation

The special purpose vehicle (SPV), called the National Land Monetisation Corporation (NLMC), will be set up as a wholly state-owned company with an initial authorised share capital of Rs 5,000 crore

PM Modi to address global investors on privatisation, asset monetisation

The government has set a Budget target of Rs 65,000 crore from CPSE disinvestment/privatisation in the next fiscal beginning April 1

Centre receives multiple bids for PDIL privatisation: Tuhin Kanta Pandey

The deadline to submit EOIs was extended to February 28 from January 31, and the bids had to opened on the same day

Banks and railways privatisation will take away 500,000 jobs: Varun Gandhi

For the last several months, Varun Gandhi, BJP MP from Uttar Pradesh's Pilbhit has been expressing views on various issues that are not in line with his party's official stand

LIC's looming mega IPO weighs on other insurers' stocks, say investors

The flotation, potentially raising $8 billion, likely will continue to drag on LIC's competitors for about a year and could spread to other sectors: Analysts

Top headlines: IDBI Bank privatisation on track; I-T searches on Huawei

Here are the top headlines on Wednesday

LIC policyholders must update PAN details by Feb 28 to participate in IPO

The initial public offering (IPO) of over 31.6 crore shares or 5 per cent government stake is likely to hit the market in March