Disinvestment Of PSUs

The Union government and Life Insurance Corporation jointly hold a 95 per cent stake in IDBI Bank, of which they are selling 60.72 per cent

Indian Oil's decision to withdraw its Rs 22,000 crore rights issue highlights the govt's reluctance to reduce its stake in state-run enterprises, as fiscal priorities shift to sectors like rail, roads

Disinvestment can get a shot in the arm by ministerial revamp, not by just a nomenclature change

Current goal pared down to Rs 30,000 cr

Interim Budget 2024: For FY24, the Centre had set a disinvestment target of Rs 51,000 crore but has only been able to meet one-fifth of it so far

With general elections on the horizon, the government's privatisation bandwagon has almost but stalled as a government wary of being accused of selling family silver opts for minority stake sales on stock exchanges over outright privatisation. The result -- the disinvestment target for current fiscal year is again likely to be missed. Big ticket privatisation plans such as that of Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI) and CONCOR are already on the backburner and analysts feel meaningful privatisation can happen only after April/May general elections. In the current fiscal, out of the budgeted amount of Rs 51,000 crore, about 20 per cent or Rs 10,049 crore has been collected through minority stake sales via IPO (Initial Public Offering) and OFS (Offer For Sale). Strategic sale of a host of Central Public Sector Enterprises (CPSEs), including SCI, NMDC Steel Ltd, BEML, HLL Lifecare and IDBI Bank, are in the pipeline for completion in the current

Govt should not go slow on disinvestment

The government is half way against the disinvestment target of Rs 65,000 crore for the current fiscal year

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DPE may be entrusted with seeking approvals from cabinet for strategic disinvestment

State-owned companies have been set stiff targets to increase accountability as they get ready for disinvestment. Here's why meeting them will be challenging

The only transactions that are expected to go through by March 31 include the acquisition of THDC and NEEPCO by NTPC, the planned IPO of IRFC, and some buybacks by PSUs, it's learnt

Sitharaman in her Budget Speech also proposed listing of LIC on the stock exchanges through an initial public offer

If there's a time-bound plan to raise Rs 3-5 trillion through disinvestment, which is more than adequate to cover the spending, it won't affect the ratings, says Sangita Reddy

From financial relief to telcos to states considering legal action against Centre for delay in GST dues, Business Standard brings you the top business headlines for the day

Privatisation that is not carefully designed does little to help the economy - and it can be politically costly

This move is different from privatisation as the Centre will continue to hold a majority stake in these companies and they will still be classified as public sector enterprises

The issue was subscribed about 81 per cent on the opening day of bidding on Monday. The price range for the initial public offering (IPO) has been fixed at Rs 315-320 per share.

With the lowered corporate tax rates, the country's attractiveness as an investment destination has enhanced

It is often said that the government has no business to be in business but it has merely remained a statement till now