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DIVESTMENT OF AILING PSUS
Unplug dead PSUs PS bureaucratic zzzIndia's government struggles to close ailing state-owned companies. Bureaucratic hurdles and complex asset sales delay closures. This ties ...- REC proposal on its takeover by Power Grid spurned, says RK SinghPower Grid's market capitalisation had fallen about ₹33,000 crore in the last two trading sessions following reports of the proposal. Share...
- Power Ministry rejected REC proposal of selling PFC's stake to PGCIL: Union power minister RK SinghPower Grid’s market capitalisation had fallen about Rs 33,000 crore in the last two trading sessions following reports of the proposal. Sha...
- Past losses of PSUs under strategic divestment can be set off: CBDTThe change in income tax law has been made in a bid to make strategic divestment of PSUs more attractive, said experts, since normally such...
- PSUs to be allowed to carry forward losses accumulated prior to divestment: CBDTThis will make disinvestment deals of ailing PSUs more attractive for strategic investors. Under normal tax provisions without this relaxat...
- Government to shut down 15 loss-making PSUsThere were another half-a-dozen sick public sector companies, which had been identified by NITI Aayog for closure, but their fate remained ...
- Surprise NTPC OFS sends out mixed signals on government's finances and what's coming in the Budget 2016With no sign of any improvement in the outlook for commodities, it is unlikely that the share sale programme will gain momentum anytime soo...
- 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...
- Expectations of retail investors from Budget 2014The investing community is awaiting this Budget with bated breath. The Budget document can be a mouthpiece for economic vision and mission ...
- Government to take up NIF rejig planThe government is expected to take up a proposal to alter the nature of the National Investment Fund.
- Tyre Corp, Scooters India sale offer fails to excite India Inc'Corporates fear the stake sale in some of these companies may run into trouble even after getting a clearance from the Centre.'
- Rs 2,000-crore Nalco stake sale to take off soonThe government will soon kick-start divestment in Nalco, which will involve the sale of 10% equity in the aluminium producer to raise close...
- Disinvestment road map in 3 monthsPutting an end to speculation over the government’s agenda on disinvestment, senior finance ministry officials said the government will hav...
- Centre may go slow on divestment of ailing PSUsThe government’s plan to divest its stake in ailing public sector units (PSUs) has a hit a new roadblock.
- Liquidity crunch likely to delay lifeboat for central PSUsThe revival process of 83 central public sector enterprises (CPSEs) is likely to be delayed due to the liquidity crunch.
- Three PSU banks to float IPO in FY06-07The government will go ahead with its plan to divest 5-15 per cent equity in three public sector banks this fiscal, notwithstanding the dec...
- PC's plan for unlisted PSU floats face delayIt's a case of collateral damage. The Finance Ministry proposal on floats of some unlisted public enterprises and divestment of minority st...
- It's all in the papers: sell-off takes a new routeAll's not gloomy on the disinvestment front. Sale of government holding in PSUs will continue, though the strategies for divestment of shar...
- Govt uses SC side door to get oil selloff rollingThe government on Monday managed to sneak in a review of the Supreme Court order that had stalled privatisation of oil companies Hindustan ...
- Guj govt hints at selling stake in state unitsThe Gujarat government has decided to withdraw its equity in different state-level undertakings as a strategic measure to make the state's ...
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