Page 10 - Disinvestment

Privatisation of two public sector banks on meeting agenda next week

Four to five PSBs have been suggested by the Niti Aayog and they will be discussed in the meeting, sources said

The million-dollar question: Is Air India saleable in its present avatar?

The ifs and buts around its sale are growing day by day

Govt mops up Rs 32,835 cr from disinvestment in FY21, exceeds RE target

The realisation is, however, lower than the record Rs 2.10 lakh crore originally budgeted

Govt gets multiple EoIs for privatisation of Neelachal Ispat Nigam

NINL is a joint venture of MMTC, NMDC, BHEL, MECON, and two Odisha government-owned undertakings - OMC and IPICOL

Disinvestment target of FY22 achievable; LIC IPO to bring Rs 1 trn: CEA

He also said retail inflation targeting by the Reserve Bank of India (RBI) has helped in bringing down the volatility and level of inflation

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

Govt exits Tata Communications, sells 26% stake for Rs 8,846 crore

The government has exited Tata Communications Ltd (TCL) by selling about 26 per cent stake in the company for about Rs 8,846 crore as part of the disinvestment plan.

GAIL set to kick off asset monetisation in oil sector by end of 2021-22

InvIT to be floated by the end of next fiscal year

Land monetisation lessons: Canadian firm could be model for unlocking land

In the Union Budget, Finance Min­i­s­ter Nirmala Sitharaman had outlined the government's intent to monetise surp­lus public lands by way of direct sales, concessions or other means

Tata Comm OFS: Bids placed for 56 mn shares against 46 mn on the block

The government owns a 26 per cent stake in Tata Communications

Success of Railways' asset monetisation plan can offer template for others

Critical contractual changes may help the long delayed plan to redevelop New Delhi Railway Station finally get off the ground and offer a template for similar projects

AAI to offload residual stake in Bangalore and Hyderabad airports

Sale of 13% stake in each may fetch Rs 3,000 crore

Asset monetisation target for states may be set at Rs 3 trillion

Central ministries given a target to monetise assets worth Rs 2.5 trn over 3 years

Govt to sell 16.12% stake in Tata Comm through OFS, rest to Tata Sons arm

The government will sell its entire stake in Tata Communications through an offer for sale and the rest to Tata Son's investment arm Panatone Finvest Ltd, according to a regulatory filing

Best of BS Opinion: Climate-resilient grains, bank privatisation, and more

Here's a selection of Business Standard opinion pieces for the day

Bank privatisation as an experiment

The government must test the efficacy of privatising two banks first before going the whole hog

Best of BS Opinion: Monetisation lessons from NHAI, recovery risks & more

Here's a selection of Business Standard opinion pieces for the day

Monetisation lessons from NHAI

Its recent experience offers crucial insights into what makes an asset monetisation exercise successful

Reservations about quotas

They can be self-defeating in the new economic paradigm

Disinvestment: Govt addresses CPSE stakeholders' concerns, says FM

The government addresses legitimate concerns of employees and other stakeholders of CPSEs through appropriate provisions in the share purchase agreements with bidders at the time of disinvestment, Finance Minister Nirmala Sitharaman said on Monday. On January 27, the Cabinet Committee of Economic Affairs (CCEA) gave 'in-principle' approval for 100 per cent disinvestment of the government's stake in Rashtriya Ispat Nigam Ltd (RINL), also called Visakhapatnam Steel Plant or Vizag Steel. This will be along with RINL's stake in its subsidiaries/ joint ventures through strategic disinvestment by way of privatisation. Sitharaman said strategic disinvestment of the government's equity will lead to infusion of capital for optimum utilisation, expansion of capacity, infusion of technology and better management practices. This will result in higher production and productivity and expansion of direct and indirect employment opportunities. "While deciding the terms and conditions of the strateg