PSU divestment

IDBI Bank, government, LIC, disinvestment, stake sale, private sector bank, Share Purchase Agreement, banking sector, banks

IDBI Bank sale moves forward: Govt panel to meet, review share purchase agreement

The government is set to review the Share Purchase Agreement for IDBI Bank’s strategic sale, marking a crucial step in…

July 7, 2025 14:58 IST

divestment targets, psu disinvestment, psu divestment targets, privatisation,

India set to miss divestment targets by more than half this year

In 2023/24, about 300 billion of the 510 billion rupees target was expected through stake sales in IDBI Bank and…

November 24, 2023 11:15 IST

Government to divest 5.36% stake in Rail Vikas Nigam at 11.36% discount; Rs 1,329 cr OFS opens today

The centre will divest a 3.4% in RVNL today, with the green-shoe option to offload a further 1.96% stake in…

July 27, 2023 09:33 IST

Coal India, Q1FY24, quarter results, profit, revenue, EBITDA, sales, expenses, coal, raw coal

Coal India OFS for retail investors: Issue closes today, should you subscribe? Analysts give unanimous view

Coal India OFS opened for retail investors today, as institutional investors oversubscribed for their portion yesterday. Should retail investors subscribe?…

Updated: June 2, 2023 11:56 IST

Coal India, CIL, capex, capex utilization, expenditures, economic revival, rail corridors, land acquisition, investment

Coal India OFS opens for retail investors today; non-retail issue oversubscribed 3.46x at Rs 6,500 cr on Day 1

As a result of the positive response to the Coal India OFS on Thursday, the government is exercising the green…

Updated: June 2, 2023 10:05 IST

coal mine auction, mine auction, psu auction

Govt plans to auction 17 non-operational mines surrendered by PSUs

The government plans to put on auction 17 mines surrendered by public sector undertakings which could not put the blocks…

August 24, 2022 12:59 IST

DIPAM has started the new financial year by collecting about Rs 3,000 crore from a 1.5% stake sale in oil explorer Oil and Natural Gas Corporation via offer for sale held on March 30-31. Another Rs 600 crore is expected from the buyback of shares by Gail India in April.

Disinvestment receipts hit a decade’s low in FY22; LIC IPO, sale of BPCL, IDBI Bank in FY23

The disinvestment receipts were Rs 14,000 crore against the target of Rs 40,000 crore in FY12. Receipts of Rs 1…

April 4, 2022 04:30 IST

They are bold, paradigm-shifting changes that impact the direction and philosophy of economic policy—from the era of public sector domination to the era of market-imposed discipline, opportunities and uncertainties.

State in business: Reimagining divestment

Achieving public objectives does not necessarily require direct state intervention or installing public sector enterprises to fructify the objectives at…

April 4, 2022 03:50 IST

The last date to submit an Expression of Interest (EoI) is May 5. (Representative image)

FinMin invites bids for FSNL privatisation

The government has budgeted to collect Rs 65,000 crore through CPSE disinvestments in 2022-23 fiscal.

March 31, 2022 15:45 IST

Singh said the project's purpose under the proposed disinvestment would not change. (Representative image)

Rashtriya Ispat Nigam disinvestment paves way for capital infusion, capacity expansion: Govt

Singh said in the Lok Sabha that the RINL has not increased its profits during the last ten years, and…

March 23, 2022 15:51 IST

The strategic sale of HLL Lifecare is expected in next fiscal year beginning April 1. (File)

Govt gets multiple preliminary bids for HLL Lifecare privatisation

HLL is also engaged in providing healthcare and diagnostic services, consultancy and contract services for healthcare infrastructure projects.

March 14, 2022 18:34 IST

“This bodes well for India’s economy in the near term,” the domestic brokerage wrote in a note.

Stocks of firms linked to divestment plan rise

“Political success should also imply that the government’s spending direction in favour of infrastructure should see no change,” the brokerage…

March 12, 2022 02:15 IST

Disinvestment-bound PSU stocks rally after Air India privatisation bid; BPCL, Container Corp shares gain

PSU stocks bound for disinvestment were trading with gains on Monday as investors cheered the long-pending Air India privatisation with…

Updated: October 11, 2021 13:39 IST

Central Bank of India, IOB, Indian overseas Bank, Nifty PSU Bank index, privatisation

Nifty PSU Bank soars 2.5%; Central Bank of India, IOB share prices hit new 52-week highs on privatisation buzz

Central Bank of India, Indian Overseas Bank share prices hit fresh 52-week high on BSE in intraday deals amid reports…

June 22, 2021 12:25 IST

PSU Bank, Central Bank of India, Indian Overseas Bank, J&K Bank

Nifty PSU Bank index zooms over 4%; Central Bank of India, IOB, J&K Bank share prices hit 20% upper circuits

Central Bank of India, Indian Overseas Bank and J&K Bank share prices hit 20 per cent upper circuit in intraday…

June 21, 2021 15:29 IST

Foreign investors may stay away from share market for few quarters; divestment may be a challenge | INTERVIEW

Up until the recent wave two of Covid-19, India was seen as an oasis of stability and potential relatively higher…

May 11, 2021 15:57 IST

PSU divestment, BSNL, Air india, LIC, stake sale

Govt may attain up to 90% of FY22 disinvestment target on strong liquidity

Acquisition of assets in PSUs is not likely to be a seamless experience for potential investors given continued uncertainties like…

April 27, 2021 12:42 IST

Key Budget proposals effective from new fiscal 2021-22: Income tax rules, dividend relief, privatisation, more

The new financial year has started From April 1, 2021, and with it, rules and announcements made by Finance Minister…

April 2, 2021 13:16 IST

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Expect loan, deposit growth at 18-20% in FY26: DCB Bank MD

Business4 hr ago

DCB Bank is targeting a growth of 18-20% in loans and deposits this year, with a reported loan growth of 19.14% and deposit growth of 18.8%. The recent GST reforms and repo rate cut have boosted expectations and impacted consumer behavior. The bank’s focus is on secured, small-ticket lending to SMEs and becoming a full-fledged financial partner. They also aim to reduce slippages.

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