NMDC Chairman and Managing Director N Brijendra Kumar on Friday said that the Union Cabinet has approved disinvestment of stake of six public sector units (PSUs) in Neelachal Ispat Nigam Ltd, and not that of NMDC...
Oil PSU unions oppose BPCL disinvestment, say it will cause long-term loss
Employee associations of state-run oil companies on Saturday opposed planned strategic sale of Bharat Petroleum Corporation (BPCL), stating that it may bring revenue for the government but its long-term impact will be...
Centre likely to sell 28 per cent stake in BEML through strategic disinvestment
The Centre is likely to sell 28 per cent of its stake in BEML Ltd through strategic disinvestment and retain 26 per cent after the dilution of its shareholding in the public sector undertaking, a senior company official...
Disinvestment of Air India should improve competition within the aviation sector: IATA official
As the Indian government plans to invite bids for Air India during the next few months, a top official of global airlines body IATA said on Wednesday that the disinvestment of the national carrier should be done in a...
Govt rules out stake sale or disinvestment of BSNL, MTNL
The government on Thursday ruled out any plans to sell stake or disinvestment of ailing telecom PSUs — Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) in the Parliament while...
BPCL stake sale shows govt’s change of track on disinvestment, says CEA
Chief Economic Advisor Krishnamurthy Subramanian on Tuesday said the disinvestment of a profitable company like BPCL reflects a change in the way government views disinvestment and privatization. “So far...
Disinvestment-bound Air India’s loss soars to a record
Air India Ltd plunged to a record net loss underscoring an intensely competitive domestic aviation market and adding strength to calls for privatizing the national carrier. The New Delhi-based carrier posted a...
Two-phased strategic disinvestment for BPCL likely
The government may consider two-phased disinvestment for public sector oil refiner and retailer Bharat Petroleum Corporation Ltd (BPCL), if the initial strategic sale of the entire 53.29% government stake in the company...
Strategic disinvestment of both HPCL, BPCL this year?
Not one but two oil companies – BPCL and HPCL may go under the hammer this fiscal with state-owned oil and gas explorer ONGC now looking to sell its stake in recently-acquired refiner HPCL to a strategic investor...
Why disinvestment can break the shackles around BHEL
Under the spotlight of disinvestment, power equipment producer BHEL Ltd may be just beginning to lighten up. The stock surged 27.5% in trade today to ₹56.8, which takes the market value of the company to about ₹19,800...
Airbus Helicopters hopes Centre will resolve Pawan Hans disinvestment situation ‘very quickly’
Airbus Helicopters hopes the central government will resolve the situation regarding the disinvestment of Pawan Hans Limited “very quickly” so that the national helicopter company can move ahead on its fleet...
Union Cabinet approves a new process of strategic disinvestment
The Cabinet has approved a new process of strategic disinvestment with a view to expediting privatisation of select PSUs, officials said on Friday. The Union Cabinet headed by Prime Minister Narendra Modi at its meeting...