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DISINVESTMENT PLANS INDIA
Fairfax must merge CSB or exit one bank within 2 years: DIPAM Secy Arunish ChawlaThe Cabinet Committee on Economic Affairs has approved Fairfax Financial Holdings' acquisition of a majority stake in IDBI Bank. The next s...- Canadian billionaire and Asian banking titans find ₹1.32 lakh crore worth of interest in IndiaIn recent months, foreign investment in India’s financial sector has grown significantly, resulting in major acquisitions. Fairfax Financia...
- Cabinet clears way for Watsa's Fairfax's Rs 52,878 crore deal for 60.72% stake in IDBI BankFairfax Financial Holdings will acquire a majority stake of 60.72% in IDBI Bank for ₹52,878 crore. This acquisition marks a significant mom...
- Canada sees scope for more investments in India after Fairfax-IDBI bank deal, says Minister SidhuCanada's Minister of International Trade has noted the investment potential between Canada and India in infrastructure development. Followi...
- Air India's ₹10,000 crore fundraise plan draws cashflow concernsAir India is currently looking to secure ₹10,000 crore in fresh loans for various operational needs. Some lenders are hesitant to provide c...
- Nominal GDP growth set to surge to 12%. Why the stock market may still struggle to rallyIndia’s nominal GDP growth could accelerate to 11.5%-12% in FY27, supporting stronger corporate earnings. However, elevated valuations, ris...
- Independence Day 2026: The companies India built for business backbone enter a new chapter2026 Independence Day: India's public sector, initially built for industrial necessity, is now undergoing a significant transformation. The...
- Centre unlikely to dilute strategic sale list despite ministries’ push for reviewThe government plans to proceed with its strategic sale of public sector enterprises. Ministries have requested reconsiderations, but few c...
- Disinvestment Target: Can the government break the jinx?In the past, the government has missed targets set for prior financial years, the most recent being the Rs 1.75 lakh crore target for FY22,...
- Disinvestment plan: No going back on privatisation of BPCL, Air IndiaThe spadework started late last year and 2020 was supposed to be the landmark year in India's history of privatisation with at least three ...
- Covid-19 throws a wrench into India's disinvestment plansIndia has put disinvestment plans – both strategic and non-strategic – on the back-burner.
- SJM urges centre to support stressed PSUsET was the first to report on June 2 that the SJM was preparing to nudge the Centre against the disinvestment plans for Air India.
- Section of Air India employees want to be part of airline management: SourceAs many as 14 Air India unions had attended this meeting besides officials of various subsidiaries, including Air India Express.
- Government seeks advisers for Air India disinvestmentThe government has decided on strategic disinvestment of the loss-making Air India, which is staying afloat on taxpayers' funds, and a mini...
- 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...
- PM asks Ministries to work out stake sale plan in BHEL,CILPrime Minister Manmohan Singh has asked administrative ministeries to work out viable plan for disinvestment of BHEL and Coal India.
- Finance ministry asks cash-rich PSUs like CIL, ONGC & OIL to consider buybacks"We have written to all cash rich PSUs enquiring about their cash balance and capex plans," a top government official said.
- Govt forms panel for Rs 12,000-cr Coal India IPOThe government has formed an inter-ministerial panel to carry forward the proposed Rs 12,000-crore disinvestment programme of Coal India, w...
- Ircon, Rites divestment plans sent to cold storageDisinvestment plans of Ircon and Rites is unlikely to take off in the near future. Highly-placed sources in the government told ET that no ...
- DoD fears Rs 50,000 cr gap in 10th plan divestment realisationThe Disinvestment Ministry is believed to have cautioned the government that it might not be possible to mop up more than Rs 25,000 crore d...
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