Page 17 - Disinvestment

Top 10 biz headlines: External benchmarking of rates, GST cut mooted & more

From RBI making it mandatory to link all fresh retail loans to an external benchmark to the FinMin crunching numbers to estimate revenue loss from GST rate cuts, here are today's top business news

Best of BS Opinion: Disinvestment blues, sorry state of policing, and more

From how India could become the world's second largest e-bus market after China to police reform and the purchase of BPCL by IOC, here's a selection of Business Standard Opinion pieces for the day

OMCs slip up to 5% after reports say govt may sell stake in BPCL to IOCL

If the deal goes through, an IOCL-BPCL merger will be the third mammoth amalgamation of state-owned companies, excluding banks.

Top 10 biz headlines: BPCL stake sale likely, Aug auto sales plunge & more

From the govt planning to offload its Rs 40,000-cr stake in BPCL to four- and two-wheeler sales falling by almost half in Aug from the equivalent month last year, here are today's top business stories

Govt may sell entire stake in BPCL worth Rs 40,000 cr, IOCL likely suitor

If it goes through, an IOCL-BPCL merger will be the third mammoth amalgamation of state-owned companies, excluding banks, in three years

Top 10 biz headlines: RBI helps govt on fiscal deficit, IndiGo AGM & more

From RBI's surplus transfer helping the govt contain fiscal deficit at 3% of GDP in 2019-20 to India's leading PSUs facing financial headwinds, here are the top business headlines for Tuesday

The structure of asset sale

A vital question for the government, however, is whether it wants to pursue both equity disinvestment in PSUs and asset sale, simultaneously, and whether one company can figure in both programmes

Divestment: Questions still remain on privatisation and asset monetisation

While DIPAM can still meet or come close to the divestment target of Rs 1.05 trillion, it may not be on the back of strategic sales or asset monetisation

Meeting Rs 1-trillion divestment target plausible, say investment bankers

The ETF component is expected to form a considerable chunk of this fiscal's disinvestment proceeds

From THDC India to Neepco, govt plans to list 10 PSUs this fiscal year

Without off-Budget borrowing, fiscal deficit would have been 3.55 per cent: Finance secretary

Govt plans to raise $47 bn through disinvestment in next 5 years: Report

The plan will open up a steady stream of state companies to greater private investment, and target the kind of annual divestment revenue that will be crucial to meet fiscal deficit targets

Chidambaram not on board in Opposition's divestment protest against govt

In the Budget, Finance Minister Nirmala Sitharaman has set a disinvestment target of Rs 1.05 trillion for the current fiscal year

Budget impact: Govt may use MF route to meet disinvestment target

FoF are subject to higher short-term capital gains tax, given these are not treated as equity-oriented schemes for taxation purpose

Govt likely to give up direct controlling stakes in ONGC, IOC, NTPC, GAIL

Finance Minister Nirmala Sitharaman last week set a record Rs 1.05 trillion ($15 billion) asset sales target in the year started April 1

Madhya Pradesh assembly session: 'Anything can happen' in coming days

Bharatiya Janata Party has instructed its MLAs in Madhya Pradesh to ensure 100 per cent attendance in the state assembly during the ongoing session

Modi govt exploring opportunities for more mergers in energy: Dipam secy

FM Sitharaman said strategic disinvestment of select central PSUs would remain priority for this government

Budget 2019: Air India sale on cards, govt hikes divestment target for FY20

Will also offer more CPSEs for strategic participation by the private sector

Budget 2019: Govt's FY20 divestment target hiked to Rs 1.05 trillion

FM says govt to continue with strategic divestment of select CPSEs; strategic disinvestment of Air India also to be re-initiated

How Centre achieved divestment target despite volatile market conditions

Disinvestment proceeds are key for the government's finances as they help bridge the fiscal deficit

Govt considers selling stake in weak banks, raise funds for rural housing

Proceeds will be used to fund Prime Minister Narendra Modi's rural housing program.