Page 11 - Disinvestment

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

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

A change in direction

After years of disappointing growth, the economy and the markets are poised for a breakout

LIVE: No offline exams in Delhi for students up to class 8 for 2020-21

President Ram Nath Kovind inaugurated Narendra Modi Stadium, the world's largest cricket stadium, at Motera in Ahmedabad today. Stay tuned for Latest LIVE news

'Monetise & modernise' is our motto: PM Modi on disinvestment

Modi reiterated the government's commitment towards privatisation of PSUs and asset monetisation

Kolkata Port sails on asset monetisation, intends to expand portfolio

India's oldest port has been leasing its vast land bank for decades. With the Budget announcing plans to monetise public assets, it intends to expand its portfolio and extend to non-land assets, too

New tack on economic policy: Why's Modi govt going against its natural instinct?

The promise of a less suspicious govt is surprising. What about the disconnect between the new business stance and earlier push to dictate the narrative in politics and public life, wonders T N Ninan

Govt's divestment plan for Shipping Corp is not going to be easy sailing

An asymmetric tax policy and the Navaratna's own fleet quality could make potential buyers wary

Govt may pare 1-2% SUUTI stake in Axis Bank to meet disinvestment targets

Proposed move may fetch Centre Rs 2,300 crore

Privatisation: But from which PM Modi?

Human memory is short. That alone can explain why many are deliriously happy with his latest slogans and ignore seven years of poor "doing business" climate, taxtortion, extortionate oil prices

Govt eyes different monetisation models to raise resources for investments

Unlike privatisation, monetisation of assets does not require transfer of ownership to private hands; instead, projects are vested with a trust or a private operator

Defending the pvt sector

Govt must strengthen the overall regulatory framework

Centre's plan to club unviable airports unlikely to enthuse investors

Airport monetisation is a crucial component of the Centre's aggressive asset monetisation plan unveiled by Union Finance Minister Nirmala Sitharaman in the Budget for 2021-22

Govt set to divest stake in defence PSUs Garden Reach, Mishra Dhatu

The government has already invited preliminary bids to sell its 26 per cent stake in BEML along with transfer of management control

Disinvestment calendar will work well, non-tax revenues to improve: FM

Finance Minister Nirmala Sitharaman on Thursday exuded confidence that the disinvestment calendar announced in the Union Budget will "work well".

Niti Aayog's next list of cos for disinvestment in few weeks: Rajiv Kumar

Kumar expressed hope that the proposed asset reconstruction and management companies to address banks' bad loan woes will do a good job like the UTI

Govt likely to fetch around Rs 15,000 crore from sale of Air India

Prospective bidders are perhaps ascribing zero value to the equity of the financially-stressed company, a source said. The Tata group is being considered a frontrunner for acquiring Air India

Best of BS Opinion: Defence budget, policy on disinvestment, and more

Here are the top BS Opinions of the day

Raising funds from investors will be easier: Helios Capital's Samir Arora

FDI in the insurance sector is very realistic, says Samir Arora