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DISINVESTMENT IN STATE FIRMS
From floods to war, state-run oil firms prove indispensable despite repeated privatisation bidsIndia's state-run oil companies have proven indispensable during national crises, from floods and pandemics to global conflicts. Despite pa...- Tamil Nadu CM strongly opposes Centre's NLC disinvestment planTamil Nadu Chief Minister C. Joseph Vijay has strongly opposed the Union Government's plan to disinvest up to three percent of its equity i...
- 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...
- Prolonged war may hit Rs 75,000 crore dividend targetThe ongoing turmoil in West Asia casts a shadow over India's revenue streams. Soaring commodity prices may squeeze the profitability of sta...
- Investors eye Budget to unlock gains in state companiesIndian state-run stocks are poised for further outperformance as investors anticipate the upcoming budget to signal renewed stake sales for...
- Budget 2019: Decks cleared for big-ticket salesLast year, the government raised Rs 85,0000 crore from selling assets such as Coal India Ltd. and Bharat Heavy Electricals Ltd.
- Govt confident of strategic sales in 3 PSUs this fiscalThe Narendra Modi government had vowed to pursue an aggressive policy of strategic disinvestment but has so far shied away from taking any ...
- Government may ask cash-rich PSUs to buy into peers to make up for disinvestment shortfallAnother idea being considered to compensate for the yawning gap in disinvestment receipts is to lean on cash-rich companies to explore shar...
- No plan to divest stake in BSNL, Air India: GovernmentNotably, both the firms have been running into losses for several years and their employees have been protesting against any move to privat...
- Budget 2015: States owning PSU land may get selloff shareThe government has already identified about 18 such non-viable firms where it can possibly shed its stake, the official said on the conditi...
- 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 ...
- Nalco OFS may fetch government Rs 1,500 croreGovernment to disinvest its 12.5% stake in Nalco through OFS that is expected to fetch the government Rs 1,500 crore.
- Ministeries oppose P Chidambram's disinvestment programme in PSUsMinistries are opposing stake sale in PSUs under their administrative control, a roadblock for FM's plans of pursuing disinvestment program...
- Govt to plough back disinvestment funds into PSUsIn a move to strengthen the PSUs, government proposes to plough back funds raised through disinvestment proceeds into the state-owned firms.
- No state-run oil firm except Oil India is willing to buy shares of ONGCOil, Gail sitting on cash, but latter doesn't want to make an investment that it may not be able to monetise at an opportune time.
- No disinvestment in state-run firms until market conditions are favourable: Pranab MukherjeeSo far, the government has managed to raise only Rs 1,162 crore by selling 5% government stake in Power Finance Corporation.
- Disinvestment only when market conditions favourable: FMFM Pranab Mukherjee has said that the government will not go ahead with the disinvestment programme in state run firms until market conditi...
- Govt dilutes norms for appointment of I-banks for share sale of state-run cosThe department of disinvestment has diluted a key clause that deals with conflict of interest for the appointment of investment banks for t...
- Coal India won't stick to 25% public float normCoal minister Sriprakash Jaiswal on Wednesday ruled out the possibility of selling more than 10% in the state-owned coal miner even after l...
- BHEL top brass to meet Vilasrao Deshmukh on MondayState-run BHEL's top brass will on Monday meet Minister of Heavy Industries and Public Enterprises Vilasrao Deshmukh, who today said the go...
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