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BANKING SECTOR DISINVESTMENT
Govt raises nearly Rs 20,000 crore through disinvestment, asset sales as West Asia conflict swells subsidy burdenThe Centre has raised nearly Rs 20,000 crore through stake sales and asset monetisation in the first two months of this financial year. Thi...
India eyes more FDI, speed up divestment, asset monetisation as economy faces external risksIndia's government is set to accelerate reforms, focusing on attracting foreign investment and divesting assets. This strategy aims to main...
GDP growth momentum intact, no need for additional borrowing so far: Govt sourcesIndia's economy is navigating external challenges like rising import costs. However, domestic consumption remains strong, ensuring growth m...
Banks, Bharti, IT: Sandip Sabharwal's top picks & why he is worried about Zepto IPOMarket expert Sandip Sabharwal sees private banks like Axis and ICICI as top buys. He believes IT stocks are oversold with potential for 12...
NHPC OFS subscribed nearly 3.5 times on Day 1, Govt to exercise green shoe optionThe government on Monday announced to sell up to 6 per cent stake in NHPC via OFS at a floor price of Rs 71 per share.
PSU closure: Govt sets in motion new move after years wasted in stop-start processThe Centre is pushing ministries to accelerate the closure of unprofitable state-owned companies. Progress has been slow despite a policy a...
Govt to sell additional 4% stake in Central Bank of India after OFS subscribed 2.36 times; retail bidding opens on MondayThe Indian government is selling more shares of Central Bank of India. Investor demand was strong, leading to an increase in the stake sale...
ET Awards: Sitharaman flags AI threat and global risks, says reforms on the way to support India Inc growthFinance Minister Nirmala Sitharaman is preparing new reforms to ease business compliance. She believes strong domestic consumption will hel...
Consumption sustaining growth; predictable support essential for GDP expansion: FMUnion Finance Minister Nirmala Sitharaman highlighted that domestic consumption is driving India's economic growth, emphasizing the need fo...
Assets monetisation in focus to bridge potential selloff gapAmid market volatility linked to the Iran conflict and delays in the IDBI Bank sale, the government plans to accelerate asset monetisation ...
Net FDI inflows dip, investors opting for Mexico, VietnamOfficials and experts attribute this trend to the country having to compete with Mexico, Poland, and Vietnam, a preferred part of investors...
Govt may consider OFS option for raising public float in IDBI BankThe government may consider selling a stake in IDBI Bank through the Offer-for-Sale (OFS) route to increase public shareholding, after the ...
Govt may consider OFS option for raising public float in IDBI BankThe government is considering an Offer-for-Sale (OFS) in IDBI Bank to raise public shareholding after a failed attempt to sell a majority s...
IDBI Bank shares tumble 15% as govt likely to halt divestment process: Here’s whyIDBI Bank shares saw a significant drop of 15% on Monday. This decline followed a report indicating the Indian government will halt the sal...
Top bankers urge govt to initiate disinvestment process in banksTop bankers at a CII event in Kolkata suggested that the current strong health of Indian banks makes it an ideal time for the government to...
Air India sale to boost privatisation; need to encourage private participation across sectors: Eco SurveyAir India sale will give a boost to India's privatisation drive, the Economic Survey said on Monday, as it suggested redefining the public ...
Here are the key divestment and IPO announcements Nirmala Sitharaman made in her Budget 2021Nirmala Sitharaman said CPSEs in all but four sectors will be eventually privatised. It was also announced that the IPO of LIC will be brou...
Three cyclical themes to chase as economies start recovering globally‘The stimulus coming in upfront globally has helped a lot’
Parliament panel seeks review of disinvestment policy“As against a total target of Rs 1.5 lakh crore for disinvestment receipts, only Rs 75,813.71 crore could be realised during the last four ...
- Govt dilutes norms for appointment of I-banks for share sale of state-run cos
The department of disinvestment has diluted a key clause that deals with conflict of interest for the appointment of investment banks for t...