Psu Divestment

IDBI Bank up 5% on Sebi nod to reclassify govt post sale-stake as 'public'

At present, the government and state-owned Life Insurance Corporation hold a little over 94 per cent in IDBI Bank and are classified as co-promoters.

Top headlines: India eyes Mercosur for sunflower oil, mixed reviews on CUET

Business Standard brings you the top headlines at this hour

NTPC to list 3 subsidiaries as part of Rs 15,000-crore asset monetisation

Sources said the company would start a pilot of producing green hydrogen at its Vindhaychal thermal power unit in Madhya Pradesh

Strategic divestment: Valuation of companies caught in the crosshairs

Forces govt rethink on NINL valuation, delaying sale

Divestment likely to keep PSU stocks on investor's radar, say analysts

In April, the government said that the timeline for disinvestment of Air India and Bharat Petroleum Corporation (BPCL) may be pushed by two to three months due to the second Covid-19 wave

BPCL, Shipping Corp: Analysts bullish on PSU stocks on divestment hope

As per government disinvestment plans two public sector banks (PSBs) and one general insurance company is to be privatised in fiscal 2021-22 (FY22) and aims to raise Rs 1.75 trillion.

Anil Agarwal joins Centricus for $10-bn fund to invest in PSU divestments

Metals and mining magnate Anil Agarwal on Friday announced teaming up with London-based firm Centricus to create a USD 10-billion fund that will invest in stake sale of public sector undertakings. Centricus is a global investment firm. Agarwal, who is the executive chairman of Vedanta Resources said in a tweet, "Teamed up with London-based firm Centricus to create a USD 10-billion fund that will invest in stake sale of public sector companies. We are excited with the Union Budget's strong focus on disinvestment and would like to participate in the exercise." He further tweeted that "@Hindustan_Zinc & @Balco_India exemplify our track record of turning around companies post disinvestment without retrenching a single employee." Vedanta Resources Ltd is a globally diversified natural resources company.

Canara Bank, PNB, SBI: How to trade PSU bank stocks post Budget 2021?

A decisive close above 2,000 mark on Nifty PSU index may open doors for 2,200 levels going ahead

BPCL, IRCTC: 5 PSU stocks to include in your portfolio ahead of Budget 2021

PSU stocks like IRCTC, BPCL, RCF, and RITES have not seen aggressive selling pressure. A small recovery may see a strong bullishness going forward

Govt to sell up to 10% in SAIL via OFS, may fetch Rs 2,600 crore

On offer are 206.5 million shares, or 5% of company's stock, at a floor price of Rs 64 a share, with option to sell another 5% if issue is oversubscribed

Humungous land assets a major hurdle in the PSU privatisation process

Large land holdings with public sector companies can scare off potential investors, who have to deal not only with issues about pricing of the land, but also about ownership rights

Centre may have no stake in public sector banks after privatisation

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

Privatisation-bound BPCL's net profit almost doubles to Rs 2,076 cr in Q1

Standalone net profit in April-June stood at Rs 2,076.17 crore compared with Rs 1,075.12 crore a year back, the company said in a regulatory filing

Top Headlines: Divestment of 23 PSUs, pay cuts at IndiGo, and more

Here are the top business headlines on Tuesday morning

Govt to privatise non-strategic PSUs, suspend new bankruptcy filings

Sitharaman also raised the allocation for the employment guarantee scheme by Rs 40,000 crore over and above the Rs 61,000 crore budgeted for MGNREGS

FM Nirmala Sitharaman's second Budget a missed opportunity

The government has wasted the chance to firmly establish its reform credentials

Budget 2020: Govt turns to asset monetisation as divestment target eludes

Hope rises for monetisation of Rs 1 trillion worth of assets by March 31

US-Iran conflict: Oil rally has a crude impact on India Inc's key sectors

Among other sectors staring at a negative impact from higher crude oil prices are tyres and cement

After 42% rally in 2 months, here's why analysts are now cautious on BPCL

Last week, international credit rating agency Moody's warned of downgrading Bharat Petroleum Corporation (BPCL) to Ba1, if the government goes ahead with privatisation.

6th tranche of CPSE ETF opens today for retail investors; should you apply?

The government plans to raise up to Rs 10,000 crore from this tranche of the CPSE ETF, which tracks shares of 11 Central Public Sector Enterprises (CPSEs).