In what shows the Modi 2.0 government’s policy intent to privatise a clutch of large state-run firms, starting with the current financial year itself, the Cabinet on Thursday approved new processes for strategic...
PSU disinvestment: Legal hurdles cleared for Bharat Petroleum sale
The privatisation of Bharat Petroleum Corporation (BPCL), which could fetch around 55% of the FY20 disinvestment target of Rs 1.05 lakh crore, will be fast-tracked to conclude the transaction by the fourth quarter of...
Government committed to disinvestment of Air India: Hardeep Singh Puri
The government is committed to disinvestment of Air India but wants the national carrier to remain in Indian hands, Lok Sabha was informed on Thursday. Responding to a series of supplementaries during Question Hour...
PSB stake sales through ETFs to help govt achieve FY20 disinvestment target
The government will depend heavily on resource mobilisation by selling its stake in public sector banks through the newly launched financial sector ETFs. Government sources said that ETFs have been saviour for...
Air India disinvestment: Why the airline may now appeal more to investors
State-owned air carrier Air India, which has had little success in enthusing strategic investors so far, might now begin to appear attractive. Why? The reason is simple: Jet Airways, one of Air India’s key competitors...
Govt committed to strategic disinvestment of Air India: Jayant Sinha
The government is committed to strategic disinvestment of national carrier Air India, Minister of State for Civil Aviation Jayant Sinha said on Tuesday. Speaking at a session hosted by the Indian Chamber of Commerce...
Government stake to fall below 51% in bluechip PSUs to boost disinvestment
Government proposes to offload substantial portion of its stake in select blue chip companies this year to meet higher disinvestment target even though the exercise will bring down its holding below 51 per cent level...
Disinvestment on fast track: PSU stake sale pricing, timing to be decided quickly with new mechanism
To fast-track strategic sale of CPSEs, the Cabinet Thursday allowed Alternative Mechanism to decide on the timing, price and quantum of shares of a state-run company to be put on the block for outright sale. “The CCEA...
Disinvestment proceeds touch Rs. 53,558 crore so for in the current fiscal
The government’s disinvestment proceeds have touched Rs. 53,558 crore so far in the current fiscal, as against the full year budget target of Rs. 80,000 crore. Last week, as much as Rs. 10,000 crore came in from Bharat...
Centre allows all firms to take part in strategic disinvestment of EPIL
The Cabinet modified the earlier decision of its Committee on Economic Affairs allowing all companies to take part in the strategic disinvestment of Engineering Projects (India) Limited (EPIL). In October 2016, the...
CPSEs lined up for IPOs, will meet Rs 90,000-cr disinvestment target: DIPAM
The Finance Ministry on Saturday said 10 CPSEs, including THDCIL, RailTel and TCIL, have been lined up for initial public offering (IPO) and plans are afoot to launch sector-specific ETFs to meet the ambitious Rs 90,000...
India may miss disinvestment target once again in FY19; fiscal deficit set to overshoot limit
After overachieving the divestment goal in the last financial year 2017-18 by a respectable amount, India looks set to miss its disinvestment target for the current fiscal 2018-19 once again, resulting in fiscal deficit...