The Container Corporation of India’s disinvestment process has hit a roadblock! Piyush Goyal-led Railway Ministry has valued the cost of its land leased to Concor at Rs 16,500 crore. However, the private container...
Disinvestment puts India’s PSU icons on sale as Modi govt scrambles for money
After years of small divestments, Prime Minister Narendra Modi has launched India’s biggest-ever asset sale, a $29 billion privatization drive that would help prop up the economy but could also spark worker protests as...
IBC resolution: Plan to reduce committee of creditors’ remit junked
The government has dropped its plan to firm up a formula to distribute resolution proceeds under the Insolvency and Bankruptcy Code (IBC) and reduce the committee of creditors’ (CoC) remit on the disbursement of funds...
Suzlon board approves debt restructuring plan, promoters to infuse Rs 400 crore
The board of beleaguered wind energy producer Suzlon Energy has approved the debt restructuring plan, which will be presented to the committee of creditors (CoC) shortly. This debt restructuring plan will include equity...
BPCL stakes sale: Govt to issue expression of interest in next few days
The government will come out with the expression of Interest (EoI) inviting bidders for privatisation of BPCL within few days, a senior official said on Sunday. The Cabinet in November had cleared strategic sale of oil...
Ness Digital Engineering acquires Slovakia based CassaCloud
Digital transformation and custom software engineering service Ness Digital Engineering has acquired CassaCloud. Based out of Slovakia, CassaCloud is a consultancy which specialises in salesforce implementation...
‘Cabinet approved disinvestment of stake in NINL, not NMDC’
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...
Better Realisation: Eyeing one-time settlement for more IBC cases
State-run lender United Bank of India, which is working on different integration processes as per the schedule for the three-way bank merger, has withdrawn “a couple” of insolvency petitions, which it had filed against...
Allahabad-Indian Bank merger: Harmonisation likely by mid-February
As part of the merger of Allahabad Bank with Indian Bank, harmonisation of banking products, policies and processes for the amalgamated entity is likely to be completed by mid-February. Harmonisation of policies...
Future Retail board approves raising funds up to $500 million
Kishore Biyani-led Future Retail on Saturday said its board has approved raising of long-term funds up to USD 500 million (around Rs 3,588 crore) for the acquisition of certain in-store infrastructure retail assets...
Lack in compliance with SEBI norms to likely trigger DMart promoters sell this much stake
Hypermarket chain DMart promoters are likely to pare stake of around 5.2 per cent stake in the company through block deal this month. This comes around five months after promoter Radhakishan Damani had sold 0.98 per...
SBI invites bids to sell 1% stake in NSE
The country’s largest lender SBI on Friday said it is looking to sell 50 lakh shares representing 1.01 per cent stake in the National Stock Exchange (NSE) as part of its capital raising exercise. Currently, State Bank...
