Page 19 - Privatisation
Core secretary panel set to take up Shipping Corporation disinvestment
Market capitalisation of the company stood at Rs 3,910 crore as of December 11
 "Core secretary panel set to take up Shipping Corporation disinvestment")
Buying jewel in the crown: BPCL a revenue churner, not a drain on finances
Unlike Air India, the winning bidder for BPCL can easily bank on this revenue churner to recover the cost of acquisition
 "Buying jewel in the crown: BPCL a revenue churner, not a drain on finances")
BPCL disinvestment gets going. Time to bet on OMCs? Here's what charts say
The formation of a "Death Cross" on BPCL has disrupted the upside bias lately. Here is how stocks of oil marketing companies look on the technical charts
 "BPCL disinvestment gets going. Time to bet on OMCs? Here's what charts say")
BPCL privatisation: Initial bids close today, all eyes now on Reliance
Given the uncertain demand scenario, the investors are weighing if BPCL acquisition makes sense
 "BPCL privatisation: Initial bids close today, all eyes now on Reliance")
Govt will not extend deadline to bid for state refiner BPCL: Report
The Centre has received a "sufficient and good response", according to sources
Top headlines: NDA leading in Bihar polls, Oaktree revises bid for DHFL
The Election Commission says counting of votes will take longer than usual in Bihar.
 "Top headlines: NDA leading in Bihar polls, Oaktree revises bid for DHFL")
To privatise or not? Key questions answered on shedding govt stake in PSB
There is a growing consensus in favour of the move, but strengthening governance and widening the ambit of acceptable investor groups are critical to its success
 "To privatise or not? Key questions answered on shedding govt stake in PSB")
Govt may extend deadline for Air India bid to further sweeten deal
The submission of initial bid or expression of interest (EoI) may be extended by 45 days to two months to December
 "Govt may extend deadline for Air India bid to further sweeten deal")
Centre may have no stake in public sector banks after privatisation
Wants RBI to relax the rules on ownership in private sector banks
 "Centre may have no stake in public sector banks after privatisation")
UP power utilities' losses top Rs 80k cr as govt defers privatising firm
Purvanchal Vidyut Vitran Nigam Limited account for the maximum share of Rs 19,373 crore or almost 25 per cent of the total amount
 "UP power utilities' losses top Rs 80k cr as govt defers privatising firm")
UP govt rolls back decision to privatise power distribution companies
In a memorandum signed with the association, the power department and energy minister Shrikant Sharma agreed on "not privatising any discom in the state
 "UP govt rolls back decision to privatise power distribution companies")
Rosneft, Saudi Aramco unlikely to bid in BPCL privatisation: Report
A source said that Aramco has halted most of its investment plans into India due to the oil price crash and is unlikely to bid for BPCL
 "Rosneft, Saudi Aramco unlikely to bid in BPCL privatisation: Report")
Power ministry issues Standard Bidding Document for discoms' privatisation
The SBD will be the guiding document for the state governments which might want to offer their discoms to private companies
 "Power ministry issues Standard Bidding Document for discoms' privatisation")
Fiscal stimulus, lower interest rate needed for 7% growth rate: Panagriya
Panagariya further said the country lost nearly $125 billion in the April-June period due to the Covid-19 pandemic
 "Fiscal stimulus, lower interest rate needed for 7% growth rate: Panagriya")
Top headlines: EPFO to pay in instalments, Silver Lake to invest in RIL
Business Standard brings you the top headlines of the day
 "Top headlines: EPFO to pay in instalments, Silver Lake to invest in RIL")
BPCL privatisation: Govt rules on worker protection, asset stripping later
Preliminary expressions of interest or EoIs are due on September 30, which will be followed by qualified bidders being asked to submit financial or price bids.
 "BPCL privatisation: Govt rules on worker protection, asset stripping later")
Modi dispensation's thinking -- minimum govt, maximum privatisation: Rahul
Congress leader Rahul Gandhi on Saturday hit out at the Centre over the issue of recruitment to government posts, alleging that the Modi dispensation's thinking is "minimum government, maximum privatisation". With his tweet attacking the government, Gandhi tagged a media report which said there would be a freeze on creation of new posts except with the approval of the expenditure department. "Modi government's thinking -- 'Minimum Govt Maximum Privatisation'," Gandhi said in a tweet. The COVID-19 pandemic is just an excuse and the intention is to make government offices "free" of permanent staff, he alleged. "(Intention is to) Rob the future of the youth and promote (his) friends," Gandhi said in a tweet in Hindi targeting the prime minister, and urged people to speak up.
 "Modi dispensation's thinking -- minimum govt, maximum privatisation: Rahul")
BPCL Trust to sell up to 2% stake to employees through new mechanism
To decide on residual 7.33 per cent stake in due course
As BPCL braces for privatisation, workers worry about their future
Older workers are headed for the VRS exit in larger-than-expected numbers even as unrest stirs over unrevised wage settlements
 "As BPCL braces for privatisation, workers worry about their future")
BPCL consumers to get cooking gas subsidy after privatisation too
Move may open up subsidised LPG sector to private marketers
