PSU divestment

PSU Divestment News

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

Sanjiv Bhasin’s top trading ideas for next quarter: Bet on select IT, bank stocks as yields rise | INTERVIEW

Indian share market benchmarks BSE Sensex and Nifty 50 have tumbled over 7 per cent from the all-time highs touched…

March 25, 2021 15:41 IST

SBI, PSU banks, bank strike, privatisation, canara bank

Bank branches closed for next 4 days; SBI, other PSU banks may get hit as unions strike on March 15-16

Bank branches may remain closed for the next four days, including a two-day weekend holiday, and a two-day planned strike…

Updated: March 12, 2021 12:54 IST

FIIs could be allowed to purchase shares so that there would be no need to list these companies in international stock exchanges.

Time has come for 5-year plan to privatise PSUs & a separate ministry reporting to the PM to ensure it happens

For listed PSUs, FIIs could be allowed to purchase shares so that listing in international stock exchanges does not become…

Updated: February 17, 2021 10:17 IST

Union Budget 2021, TCS, ICICI Bank, PSU banks

TCS, ICICI Bank, other must-have stocks: Time to rejig investment portfolio post Budget 2021? INTERVIEW

Investment advisor Sandip Sabharwal tells that the biggest driver of the markets now is easy liquidity which needs to be…

February 11, 2021 12:28 IST

Privatisation of PSUs is also closely linked to the revival of India’s investment-cycle

PSUs on sale: Workers take to street to protest Modi govt’s privatisation bid

PSU Disinvestment: Central trade unions have opposed the Modi government’s proposal to shutdown the State Trading Corporation and Project &…

September 17, 2019 14:47 IST

PSU disinvestment: Small sell-offs from April; Narendra Modi govt’s strategic sales policy in few months

While government’s disinvestment receipts have been pegged at Rs 41,000 crore, strategic disinvestment is estimated to yield Rs 28,500 crore…

Updated: March 17, 2015 15:04 IST

Record Coal India share sale boosts Narendra Modi government’s privatisation drive

In the biggest-ever disinvestment, 10 pct stake sale in Coal India was over-subscribed fetching the govt about Rs 22,600 cr…

Updated: January 31, 2015 17:34 IST

Govt likely to retain Rs 65K cr divestment target in FY16

At present, state-owned firms have to have a mandatory 10 pct public float and it is estimated that there are…

Updated: January 15, 2015 09:14 IST

narendra Modi, bharatiya janata party, bjp news, raghuram rajan, inflation targetting

Major disinvestments on the way to bridge fiscal deficit, says FM Arun Jaitley

While the government’s disinvestment target is Rs 58,425 crore for this fiscal, it had raised around Rs 1,700 crore…

January 10, 2015 08:26 IST

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PSU Divestment Photos

IOC stake sale to raise a quarter of 2015-16 target

Centre’s 10 per cent stake sale in Indian Oil Corporation (IOC) kicked off today with some demand coming in from…

August 24, 2015 12:42 IST

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