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FINANCIAL CRUNCH AND PRIVATISATION
Pakistan to privatise all SOEs, except strategic enterprises: PM SharifAsserting that the government's job is not to do business but to ensure a business and investment-friendly environment, Sharif directed all...- Hindustan Zinc declares nearly Rs 11,000-cr dividend; Vedanta to receive Rs 7,132 crore payoutAccording to analysts, Vedanta Ltd, which has a 64.92% stake in Hindustan Zinc, will receive Rs 7,132 crore as its share of the latest divi...
- Vedanta Resources hires Cantor Fitzgerald to raise $2 billion to service debtNew York-headquartered Cantor offers a host of financial services including placement of high yield and distressed debt for its clients wor...
- As SCI privatisation faces delay, US bidder Safesea eyes Ceylon ShippingSafesea had submitted an expression of interest to acquire Shipping Corporation of India in March last year. It was amongst shortlisted bid...
- Sale of Air India will constitute an 'important milestone': IMF official"We welcome the recent agreement on the sale of Air India, which constitutes an important milestone," Alfred Schipke, Director of IMF-STI R...
- The week that was in 10 stocks: Midcap IT names fly high, Adani Group stocks tumble“The domestic market will continue to track cues from the global markets in order to gain direction in movement. Reducing covid cases and p...
- NPAs of state-owned banks may cross 18% in extreme case scenario: Former RBI Dy Governor KhanAs per the Financial Stability Report released by the Reserve Bank of India (RBI), the NPAs of the banking sector were projected to surge t...
- Standard bidding document for discoms not to reform power sector but to privatize: AIPEFAIPEF in its submission of comments has written that before considering the SBD proposal, the fundamental issue of privatization of disocms...
- Govt finalising Rs 3.5 lakh cr discoms package on the lines of UDAY: R K SinghThe scheme will come with a gross budgetary support of Rs 1.2 lakh crore over five years will be result-oriented where the distribution com...
- 2012-13, 2013-14 slowdowns were a lot worse than the present one: Arvind PanagariyaFor five years after 2013-14 we have grown at 7.5% and now we are slowing down again, said Panagariya.
- Air India unable to move engine due to Rs 100 crore GST duesThe airline hopes to pay the GST dues on Thursday, along with salary to employees. “We have raised the cash to pay for these things from ou...
- Air India seeks Rs 2,400 cr government guarantee to raise fundsFaced with acute financial crunch, Air India has sought Rs 2,400 crore guarantee from the government to raise fresh funds to mainly meet it...
- Indian economy has strong fundamentals, will revive on reforms taken by govt: India IncWith its strong fundamentals, India is managing the effects of global slowdown with resolute measures in a host of sectors, besides taking ...
- Air India seeks Rs 2,000 crore in additional funding from governmentThe national carrier has sought an additional funding of Rs 2,000 crore and is expecting the amount by next month when Parliament's Monsoon...
- Measures by Narendra Modi government can beget proper economic reformsThe government's plans for increased spending on ports and highways could give the initial push that PM Narendra Modi is looking for.
- Union Railway Minister Suresh Prabhu assuages fears over privatisation of Railways"We want to get private participation but that does not mean we want to privatise railway's operations," he said, addressing an Asia Societ...
- Rail workers' union opposes FDI, offers help in raising funds"Railways has about 13 lakh employees and we will appeal to each of them to come forward in raising massive funds for the national transpor...
- Overseas borrowings via loan syndication dip 46% in ’08Following the global credit crunch, Overseas borrowings by Indian corporates through the loan syndication market in the first nine months o...
- Tata-Corus deal among Asia's best for 2007: CFO AsiaTatas' Corus takeover, ICICI bond issue and Hutch-Essar sale to Vodafone have been named as Asia's top three deals for 2007 by a publicatio...
- BYPL knocks Delhi govt doors to keep the fires burningThe company is now pinning hopes on a bailout by the Delhi government to tide over the cash crunch, estimated to be a shortfall of Rs 900 c...
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