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STRATEGIC DISINVESTMENT
Govt raises nearly Rs 20,000 crore through disinvestment, asset sales as West Asia conflict swells subsidy burdenThe Centre has raised nearly Rs 20,000 crore through stake sales and asset monetisation in the first two months of this financial year. Thi...- Strong consumption keeps growth steady amid Iran war cost concernsIndia's economy shows steady growth driven by domestic demand. The West Asia conflict presents challenges like higher oil prices. The gover...
- GDP growth momentum intact, no need for additional borrowing so far: Govt sourcesIndia's economy is navigating external challenges like rising import costs. However, domestic consumption remains strong, ensuring growth m...
- 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 ...
- Government okays Skymap Pharmaceuticals' Rs 121-cr bid to buy IMPCLThe government has approved the sale of Indian Medicines Pharmaceutical Corporation Ltd. Skymap Pharmaceuticals Pvt Ltd will acquire the co...
- PSU closure: Govt sets in motion new move after years wasted in stop-start processThe Centre is pushing ministries to accelerate the closure of unprofitable state-owned companies. Progress has been slow despite a policy a...
- 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...
- Hindustan Zinc to evolve from silver, zinc to multiple critical minerals, says Chairperson Priya Agarwal HebbarHindustan Zinc is transforming into a multi-metal and critical minerals platform, aiming to reduce India's import dependence. The company a...
- Govt reviews divestment plans, IDBI Bank stake saleGovt officials are reviewing the IDBI Bank disinvestment strategy. This comes after weak investor interest and market volatility impacted t...
- ET Awards: Sitharaman flags AI threat and global risks, says reforms on the way to support India Inc growthFinance Minister Nirmala Sitharaman is preparing new reforms to ease business compliance. She believes strong domestic consumption will hel...
- Consumption sustaining growth; predictable support essential for GDP expansion: FMUnion Finance Minister Nirmala Sitharaman highlighted that domestic consumption is driving India's economic growth, emphasizing the need fo...
- Assets monetisation in focus to bridge potential selloff gapAmid market volatility linked to the Iran conflict and delays in the IDBI Bank sale, the government plans to accelerate asset monetisation ...
- Net FDI inflows dip, investors opting for Mexico, VietnamOfficials and experts attribute this trend to the country having to compete with Mexico, Poland, and Vietnam, a preferred part of investors...
- Centre may seek revised bids from two suitors for IDBI BankGovernment may seek revised financial bids for IDBI Bank. Original offers fell below the set reserve price. This strategic sale is crucial ...
- IDBI Bank divestment scrapped? LIC, govt-owned bank clarifies after stock tanksIDBI Bank has responded to media speculation regarding the government's proposed majority stake sale. The bank stated it cannot confirm or ...
- Budget 2025: What is a strategic sale and how does it differ from disinvestment?India's Union Budget 2025 approaches, spotlighting strategic disinvestment. This policy, distinct from regular disinvestment, involves sell...
- No decision on strategic disinvestment of MMTC: PatelThe government has not taken any decision on strategic disinvestment of MMTC, Parliament was informed on Wednesday. The government currentl...
- Ministerial panel to decide on number of CPSEs to be retained in each strategic sector: DIPAM SecretaryFor the current fiscal, the revised target has been set at Rs 32,000 crore, lower than Rs 2.10 lakh crore set in the previous Budget. The C...
- SAIL invites global bids for three special steel unitsThe three units have been part of the government list for strategic disinvestment, following Cabinet nod in 2016.
- Govt shelves plan for strategic sale of SAIL's Durgapur Alloy Steels PlantSAIL had invited an expression of interest for its proposed strategic disinvestment of its Alloy Steels Plant.
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