Govt looks to raise Rs 11,000 crore from listing of insurers
Government plans to divest Rs 11,000 crore worth of stake in PSU general insurance companies to meet the steep disinvestment target of Rs 72,500 crore next fiscal.
Feb 02, 2017, 15:52 PM IST
MOIL share sale sees robust retail demand; govt nets Rs 480 crore
Government's 10 percent stake sale in manganese miner MOIL on Wednesday saw a robust response from retail investors who put in bids for over 5 times the shares reserved for them, ensuring Rs 480 crore to the exchequer.
Jan 25, 2017, 19:10 PM IST
Market consolidates, Union budget takes spotlight
Bringing up the second day of gains, equities showed signs of consolidation after the benchmark Sensex closed at 27,309 as investors tried to strike a fine balance between new policies of US President-elect Donald Trump and the domestic budget, which is a few days away.
Jan 19, 2017, 18:10 PM IST
Cabinet likely to consider strategic stake sale in PSUs today
NITI Aayog has prepared a list of public sector units where the government can sell its majority stake to private companies in order to bring in greater efficiency and professionalism in functioning.
Oct 27, 2016, 08:58 AM IST
Govt on course to raise Rs 2,200 crore from NBCC stake sale
Government on Friday looked set to raise about Rs 2,200 crore from sale of its 15 percent stake in NBCC after retail investors grabbed 82 percent of their allotted quota, with institutional investors making up for the small shortfall.
Oct 21, 2016, 23:08 PM IST
NBCC share sale for retail buying begins; govt aims to raise about Rs 2,200 cr
The government hopes to raise about Rs 2,200 crore through the exercise, which concludes today.
Oct 21, 2016, 12:32 PM IST
Govt okays strategic divestment of Bharat Pumps and Compressors
Government has accorded "in-principle" approval for strategic disinvestment of Allahabad-based Bharat Pumps and Compressors Limited.
Sep 29, 2016, 10:05 AM IST
Coal India buyback offer to open on Oct 3
The share buyback programme worth Rs 3,650 crore of Coal India would open next week on October 3.
Sep 27, 2016, 14:25 PM IST
Niti Aayog working on second list of PSU divestment
New Delhi: After submission of the first list of PSUs for closure or sell off to the government, Niti Aayog is now working on another list for disinvestment.
Sep 06, 2016, 16:58 PM IST
Scooters India disinvestment on the cards
Heavy Industries Ministry will soon seek an in-principle approval for disinvesting government's stake in loss making automaker Scooters India.
Sep 04, 2016, 10:40 AM IST
Government's divestment kitty to swell by Rs 16,000 crore
With at least one buy-back announcement from PSUs every month, the government is expected to garner over Rs 16,000 crore in its disinvestment kitty over the next couple of months.
Aug 07, 2016, 16:16 PM IST
Air India can't get public money for eternity: Civil Aviation Minister
Air India's "books are so bad" that nobody will buy it even if the government wanted to sell off the national carrier, Civil Aviation Minister Ashok Gajapathi Raju said on Thursday.
Jun 09, 2016, 22:09 PM IST
NHPC share sale fully subscribed; govt to get Rs 2,700 crore
Kicking off the current fiscal's disinvestment programme, the government today raised Rs 2,700 crore from sale of its 11.36 percent stake in hydropower producer NHPC after retail portion oversubscribed 1.65 times.
Apr 28, 2016, 16:53 PM IST
FinMin lines up 16 PSUs including ONGC, Oil India and Coal India for disinvestment
Finance Ministry has drawn up a list of 16 PSUs including ONGC, Oil India and Coal India for disinvestment in 2016-17 which could fetch the exchequer Rs 40,000 crore at current stock value.
Apr 04, 2016, 18:02 PM IST
Fiscal deficit expected to be below 3.9% for FY16: Finance Ministry
Finance Ministry today said the fiscal deficit for 2015-16 is likely to remain below 3.9 percent of the GDP on the back of tax receipts and realisation from disinvestment.
Apr 01, 2016, 20:05 PM IST
CIL unions to meet Piyush Goyal Monday, may discuss disinvestment
Five worker unions of state-owned CIL will meet Coal and Power Minister Piyush Goyal Monday to deliberate on various issues, including disinvestment.
Mar 13, 2016, 12:59 PM IST
Concor OFS fully subscribed; govt gets Rs 1,165 crore
Container Corporation of India Ltd (Concor) is the second disinvestment by the government in just over two weeks but unlike the previous issue, retail participation was robust.
Mar 10, 2016, 16:33 PM IST
DIPAM to ensure unlisted PSUs pay dividend or buyback shares
Finance Ministry today said the rechristened Department of Disinvestment will ensure that the unlisted PSUs with huge cash piles either pay special dividend or buyback government shares and gradually move towards listing
Mar 04, 2016, 19:31 PM IST
Govt sets FY17 disinvestment target at Rs 56,500 crore
The government aims to collect Rs 56,500 crore through disinvestment in PSUs in the next fiscal, as per the Budget for 2016-17.
Feb 29, 2016, 16:53 PM IST
Disinvestment Dept renamed to Department of Investment and Public Asset Management
Government Monday said PSUs will now have to monetise their idle assets for new investments, while renaming the Department of Disinvestment to Department of Investment and Public Asset Management (DIPAM).
Feb 29, 2016, 14:25 PM IST
