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PRIVATISATION SALES
From floods to war, state-run oil firms prove indispensable despite repeated privatisation bidsIndia's state-run oil companies have proven indispensable during national crises, from floods and pandemics to global conflicts. Despite pa...- IDBI Bank share price rockets 19%. What’s triggering the massive surge?IDBI Bank shares rose sharply on Wednesday, extending a four-session rally amid heavy trading volumes and renewed optimism around the lende...
- Air India, Riyadh Air sign agreement to expand premium travel options between India, Saudi ArabiaIndia's leading global airline, Air India, and Saudi Arabia's new national carrier, Riyadh Air, have signed a Memorandum of Understanding (...
- IDBI Bank stake sale back on table; Centre explores revival optionsThe bids remain ‘alive’ and the government is examining legal provisions under the tendering framework that allows for bids to be accepted ...
- Maintenance lapse likely reason behind Air India engine fireAn Air India aircraft made an emergency landing after an engine fire. Preliminary investigations point to improper maintenance work. A nozz...
- Air India’s cabin glow-up is fighting the pressure of a brutal money heatAir India is undergoing a significant fleet overhaul, investing $400 million in refurbishing cabins with new seats, entertainment systems, ...
- Rs 1 lakh to Rs 14 crore in 24 years! Hindustan Zinc delivers 1,400x returns since Vedanta’s purchaseHindustan Zinc has delivered exceptional returns of 1,400 times since Vedanta acquired it in 2002. An initial investment of Rs 1 lakh has g...
- 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...
- Govt panel may prepare new list of public sector banks for privatisationIndia may set up a panel to identify public sector banks that can be privatized, including mid- and small-sized ones. The move comes after ...
- Revival of BPCL sale process to be based on review in due courseMinister of state for finance Bhagwat Kishanrao Karad said the pandemic, energy transition issues and geo-political conditions affected sev...
- Govt to sell up to 1.5% in ONGC to raise Rs 3,000 crThe floor price for the OFS has been set at Rs 159 per share. This price is at a 7 per cent discount to the Rs 171.05 stock closing price o...
- View: A 3-point guide for Modi govt to make its privatisation plan less bumpyWhile GoI will need to handle these headwinds, there are a few steps that can be taken proactively to ensure that the privatisation journey...
- Why Air India sale is way more than just getting rid of a burdenAir India will now be able to better utilise the aviation bilateral rights with other countries. International travelers will, therefore, b...
- Most PSUs on govt's privatisation list created by private sector: Principal Economic Adviser Sanjeev SanyalPrincipal Economic Adviser Sanjeev Sanyal said that Finance Minister Nirmala Sitharaman has already outlined strategic and non-strategic se...
- Amitabh Kant exhorts private equity for India's PSU privatisation plansDIPAM is carrying out a privatisation exercise for four major PSUs — BPCL, Air India, Shipping Corporation of India and Concor. Private equ...
- Bidders for state banks should have deep pockets: RBI GovernorThe finance minister had announced earlier this month that the government would privatize two of the 12 state banks in the country without ...
- 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 ...
- Time for the great Indian PSU selloff has perhaps arrived. Here are some unmistakable pointersFrom what Modi and many ministers have said, one can be fairly convinced that there is full understanding in this govt that it must get out...
- Progress in privatisation not quite satisfactory: PantThe progress in privatisation in India has not been quite satisfactory and has encountered significant roadblocks making the process slow a...
- Oil PSUs do not figure in next CCD meet agendaHindustan Petroleum and Bharat Petroleum have not been included in the agenda of the cabinet committee on disinvestment meeting scheduled f...
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