Page 8 - Dipam

LIC's holding in IDBI Bank to be sold along with govt's stake: DIPAM

LIC's holding in IDBI Bank would be sold along with the government's stake in the lender's disinvestment, but the exact quantum of stake dilution is yet to be decided, the DIPAM has said.

DIPAM, NITI Aayog agree to proposal of incorporating BEML subsidiary

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Govt to seek approval from Cabinet to set up a land bank company

DIPAM finalises structure of the company that will sell land parcels of govt departments and PSUs

Govt garners Rs 4,000 crore through nearly 2% stake sale in Axis Bank

The government had offered to sell its 58 million shares or 1.95 per cent stake of Axis Bank held through Specified Undertaking of the Unit Trust of India (SUUTI)

Centre could refund costs to encourage asset monetisation by states

The NITI Aayog and DIPAM are considering a proposal to incentivise states for the costs involved in monetising and privatising assets

No caste-based job reservation in PSBs after disinvestment: Report

This move, however, will not impact employees who have affirmative action benefits.

Top headlines: Auto-debit payments, steel firms' stocks surge, and more

Here are the top business headlines on Wednesday morning

BPCL disinvestment process moving on well, to conclude by Sep-end: DIPAM

The government is selling its entire 52.98 per cent stake in BPCL in the nation's biggest privatisation till date

Fast-track admin processes to meet divestment target: Parliamentary panel

The panel said it is "concerned" that meeting divestment target is pivotal to the Budget

Govt's 16.12% share sale in Tata Comm gets 'great response' on day 1

The government's share sale of 16.12 per cent stake in Tata Communications Ltd received "great response" from institutional investors, DIPAM Secretary Tuhin Kanta Pandey said on Tuesday.

NITI Aayog submits first list of about 12 PSUs for privatisation

Banks, insurers part of the list as process kicks off

New dividend policy to ensure consistent reward to shareholders: DIPAM secy

The government has brought in a new policy for the public sector companies

Dipam readies ground for monetisation of assets, seeks list from ministries

Seeks list of potential assets from ministries, govt departments, PSUs

DIPAM, Niti Aayog officials to brainstorm on CPSE asset monetisation

The discussions are scheduled to take place on Tuesday

BEML surges 13% as report suggests Tata, Mahindra eyeing stake in firm

The board approved the appointment of M/s Deloitte Haskins & Sells LPP, as Consultant for advising, undertaking and implementing demerger of non-core assets of BEML

Shipping Corp surges 19% as govt gets multiple bids for privatisation

DIPAM, in December, had invited EoI for strategic disinvestment of its entire stake of 63.75 per cent in Shipping Corp of India

Pawan Hans privatisation received multiple preliminary bids: Dipam secy

The government has received multiple preliminary bids for strategic sale of Pawan Hans, DIPAM Secretary Tuhin Kanta Pandey said on Thursday.

Govt is targeting to conclude BPCL privatisation in Q1FY22: DIPAM Secretary

The government has recei­ved three preliminary bids to buy controlling stake in the country's second-largest fuel retailer

Top headlines: Budget leaves investors richer, RIL-Future deal hits hurdle

Amazon founder Jeff Bezos will step down as the chief executive officer in the third quarter of 2021, the company said on Wednesday. Read top news with Business Standard

Govt will reserve up to 10% in LIC's IPO for policyholders: DIPAM Secretary

Provisions have been added in the LIC Act to provide some reservation to policyholders as shareholders, said DIPAM secretary Tuhin Kanta Pandey