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DISINVESTMENT TARGETS IN INDIA
Early Diwali dhamaka: With the IDBI strategic sale to Fairfax, GoI has taken a giant step in the disinvestment pathwayIDBI Bank's sale as part of a disinvestment strategy provides ₹26,000 cr to the government during economic challenges. Government of India ...
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...
CBDT nudges 12,000 tax professionals to file pending audit reportsCBDT has launched the SAKSHAM NUDGE campaign aimed at tax professionals to encourage timely filing of tax audit reports. The campaign targe...
Jaishankar arrives in Abu Dhabi to attend 2nd Raisina Middle East ForumS Jaishankar arrived in Abu Dhabi for a two-day visit to review the India-UAE Comprehensive Strategic Partnership. He was welcomed by UAE M...
Centre set to cross Rs 80000 cr disinvestment target for first time since FY19 after IDBI Bank stake saleThe Indian government is expected to surpass its budgeted disinvestment target of Rs 80,000 crore for FY27. A significant contributor will ...
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...
Fiscal deficit target for FY27 achievable, but slower nominal GDP growth may pressure fiscal space: ReportIndia's fiscal position remains comfortable in early FY27 months. Slower nominal GDP growth could pressure the fiscal deficit target. Gover...
Govt achieves 78 pc of FY27 divestment, asset monetisation Budget target in Apr-AugThe government has achieved about 78% of its ₹80,000-crore FY27 disinvestment and asset monetisation target within five months. It has rais...
India’s budget math brightens with asset sales target in sightIndia's fiscal position has improved significantly from earlier concerns. The government is set to exceed its asset sale target for the fir...
Hindustan Copper shares fall 6% as govt opens OFS at 10% discountHindustan Copper share price: The government has announced its intention to divest a 3% holding in Hindustan Copper through an offer for sa...
Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discountThe government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%. The sale o...
Parliamentary panel on finance suggests task force to fill 38 vacant DIPAM positionsA parliamentary committee highlighted a significant 43 percent vacancy rate within DIPAM. This shortage severely impacts the department's a...
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...
India government must set moderate divestment targets, says DIPAM secretaryThe Indian government has set a 650 billion rupee ($7.89 billion) divestment and privatisation target for 2022/23, out of which it raised 2...
With LIC IPO in sight, can government meet divestment target for FY22?It is estimated that LIC IPO could fetch nearly Rs 1 lakh crore.
Disinvestment proceeds to be used for creating infrastructure for country: FM Nirmala Sitharaman"We are showing the direction. We are telling you where the money is going to be spent so that you can plan your investments and your inves...
Big push for disinvestment likely to bridge fiscal deficitOfficials were hopeful of meeting the new target of Rs 2.1 lakh crore in the next financial year, which is double that of the current fisca...
Top-heavy AI to hire 10 more directorsThe recruitments would increase the number of EDs in the airline. “AI already has about 20 EDs, out of which six EDs who retired have been ...
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...