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INDIA DIVESTMENT 2020
Indian market faces AI narrative problem; it'll be smallcaps over largecaps for next 5 years: Manish GunwaniIndian stock market valuations are attractive. However, global investor focus on Artificial Intelligence is diverting capital away from eme...
India's privatisation drive derails because of weak investor interestIndia faces challenges in its privatisation program. Three planned sales are under consideration for shelving due to weak investor interest...
ICICI Bank gets time till Sept 2024 to pare stake in ICICI LombardThe bank now has time until September 2024 to reduce stake. ICICI Bank announced on Friday that it has received approval from the RBI in a ...
SCI shares rally over 8% on divestment hopes ahead of IMG meetSCI has submitted a new demerger plan to the Ministry of Corporate Affairs (MCA) and has excluded some of its assets from the proposed deme...
JSPL to sell Jindal Power to cut debt“The divestment is at a reasonably advanced process, in the sense, the buyer hasn’t been decided yet, but we do know that there is enough i...
Air India privatisation will bring in much-needed reforms: IATA“It will improve the competitive condition in India because no one will be able to claim that they have special support from the government...
Air India privatisation will level the playing field in India: IATA ChiefThe government is in the process of selling 100% of Air India and its low-cost international subsidiary Air India Express, as well as 50% i...
Shoring up non-tax revenue for FY21: Govt banking on buybacks, dividendsThe government will rely on proceeds from buybacks and dividends from public sector enterprises to shore up non-tax revenues as key strateg...
Reliance Infrastructure completes transmission JV sale to IndiGrid for enterprise value of Rs 900 croreThe cash-strapped and loss-making company had signed a deal with India Grid Trust (IndiGrid) in November for the sale of its 74% stake in t...
Amid differences between FinMin and Dipam over target, stage set for big bang divestmentDipam, the government's disinvestment manager, believes that it was responsible only to achieve a target of Rs 1.2 lakh crore and blames Co...
Hinduja Global Solutions board asks for portfolio review to keep up with changing biz dynamicsHGS had registered a 21.7 per cent rise in consolidated net profit at Rs 49.2 crore for the quarter ended June 2020 from Rs 40.4 crore in A...
Coronavirus situation not to impact Air India divestment, says Hardeep Singh Puri at ET GBS 2020“Domestic as well as international entities, including entities involved in running airlines, have shown interest in Air India and coronavi...
Govt keen to sell stake in THDCIL, NEEPCO to NTPC this fiscalThe acquisition is expected to fetch around Rs 10,000 crore to the exchequer.
Air India cancels divestment of its ground-handling armAs the government proceeds towards its plan to divest stake in Air India, it has cancelled the proposed divestment of Air India Transport S...
Big share sale target in FY21? AI, BPCL, CCRI plus some moreDalal Street analysts expect disinvestment proceeds to touch Rs 50,000 crore in FY20.
Economic Survey bats for aggressive divestmentAnalysts are expecting unfulfilled disinvestment targets for FY20 to be carried forward.
Coal to add Rs 95,000 crore to government coffers by 2020According to data compiled by the Comptroller and Auditor General, the centre, has already collected Rs 53,967 crore in the form of Clean E...