Page 13 - Privatisation

Indian Overseas Bank becomes the second most-valued public lender

On a closing basis, the bank's market cap was Rs 51,887 crore at the end of trading on Friday, surpassing its peers Punjab National Bank (PNB) and Bank of Baroda (BOB)

Shift in stance: Govt likely to indemnify PSU buyers from past claims

Litigation-free assets among several buyer-friendly steps

Military should fund its own modernisation

Boosting its capital expenditure does not require a great deal of money

These lesser-known firms set to make a mark in India's oil and gas sector

Nippon Power, South Asia Consultancy, PFH (Poddar Family Holdings) Resources and Chennai-based Adbhoot Estates could be the first ones to start production from blocks awarded during DSF-1 auctions

NITI Aayog recommends privatising United India Insurance Company

Core group to soon consider the proposal to privatise the insurer

Panel meets to thrash out regulatory issues, speed up bank privatisation

A high-level panel headed by the cabinet secretary recently held a meeting to cut regulatory and administrative issues so that the proposal could be placed with the group of ministers on disinvestment

SBI, BoB: After stellar rally, can PSU banks still offer good returns?

If the stock of SBI fails to conquer the resistance of Rs 425-mark, some weakness is likely near the support of Rs 410 levels

BEML buyer may face restriction on raising capital for a few years

This is being done as such a move would lead to further dilution of the sovereign's stake below 28 per cent after privatisation

Govt proposes one-year retention for Air India staff after privatisation

Draft RFP sets a precedent for all state-owned firms on the block

BEML privatisation: Panel to meet on Friday to finalise sale process

The government will sell 26 per cent out of the total 54.03% stake it holds in the company along with transfer of management control.

Procedural delay likely to hit Shipping Corporation privatisation process

The Shipping Corporation was asked to draft the SPA and insert clauses based on the response received in road shows

Shares of IOB, Central Bank of India surge on privatisation reports

The PSU Bank Index closed marginally higher (0.36 per cent) at 2,500.6 on the NSE, as compared to the last Friday

India's bank privatisation may face hurdles amid Covid-19: Fitch

Political resistance; stress from pandemic may drag

Do not politicise GST Council: Finance Minister Nirmala Sitharaman

The government is conscious of the intensity of the second wave of Covid-19 and is assessing its full impact before coming out with further packages and interventions, says FM Sitharaman

BPCL privatisation: Govt may allow 100% FDI in divested refiners

This is an enabling provision required for privatisation of BPCL

Govt considering FDI policy tweak to facilitate privatisation of BPCL

The tweak might allow overseas investors to pick up a majority stake in India's second biggest oil refiner Bharat Petroleum Corp Ltd

BPCL declares record Rs 12,581 cr dividend ahead of privatisation

Bharat Petroleum Corporation Ltd (BPCL) on Wednesday declared a record Rs 12,581 crore dividend, more than half of which will go to the government, ahead of the privatisation of the company.

Fear of unknown grips govt's privatisation plan with second Covid wave

Despite the uncertainty and unpredictability on how things will unfold, Centre is hopeful of completing transactions listed in Budget with a delay of one to two months

Govt names new chairman of privatisation-bound Bharat Petroleum Corp

Government-headhunter PESB on Monday selected the next chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL), in signs that the privatisation of the state-owned oil refining and marketing firm may be delayed. The government had kept the position of chairman and managing director vacant after D Rajkumar retired in August last year. It was thought that the government wants the new management to be named after the new management takes over after the privatisation of BPCL. The newly revamped Public Enterprise Selection Board (PESB) on Monday interviewed prospective candidates and selected Arun Kumar Singh for the position, the headhunter said in a notice. Singh is currently Director (Marketing) of BPCL. PESB said it interviewed six candidates, including Singh. All other candidates interviewed were executive director level officers and none had board experience. "PESB recommended the following name for the post of Chairman & Managing Director, Bharat Petroleum ...

Govt gives bidders data access for $7-billion Bharat Petroleum Sale

The government's 53% stake in the refiner is valued at about Rs 50,900 crore based on Friday's closing price