Page 9 - Privatisation

Centre to relax lock-in period for sale of NINL assets to one year

The condition for the sale would be subject to the sale proceeds being utilised for the company within three years

Govt sells Central Electronics to Nandal Finance and Leasing for Rs 210 cr

This is the second strategic stake sale by the government after Air India

Centre may continue to hold at least 26% stake in public sector banks

To protect decision making of bank executives, a new provision will also be included in the law to protect them for action taken in good faith

Indian Overseas Bank, Central Bank of India clarify on privatisation buzz

The clarification comes a day after Centre's legislative agenda for Winter Session hinted at tabling of Banking Laws (Amendment) Bill 2021 bill for privatisation of two public sector banks

Privatisation, growth should remain Budget focus, says EAC-PM

It also said the clear road map of privatisation and growth orientation of FY22 Budget should be maintained in FY23 as well

Latest news LIVE: Pfizer signs $5.3-bn Covid pill deal with US govt

The purchase is contingent on US clearance of the Covid oral antiviral, which Pfizer has applied for, according to a statement from the company Thursday

Govt to invite financial bids for privatisation of 5-6 PSUs by Dec-Jan

BPCL case is in due diligence stage with three bidders said to be keen in acquiring the OMC; BEML, Shipping Corp and Pawan Hans among others on the block

Top headlines: 5-6 PSUs to get privatised in FY22; Akasa inks engine deal

Business Standard brings you the top headlines on Wednesday

Best of BS Opinion: After selling the Maharajah, Inflation conundrum & more

Here is the best of Business Standard's opinion pieces for Wednesday

After selling the Maharajah

Privatisation of Air India should lead to a downsizing of the aviation ministry and other regulatory reforms

BFSI Insight Summit: Privatisation has to be path-dependent, say panelists

Banking was declared a strategic sector by the government under the new privatisation policy, which means the government will only have a limited presence in the sector

BPCL disinvestment delayed as suitors strive for partners: Report

The massive price tag means bidders as well as the Indian government want a consortium with stronger technical and financial muscle for the transaction, the people said.

Reform fuel pricing

Govt must follow a transparent mechanism

Temper expectations from privatisation trade, say analysts

The brokerage says listed PSUs face several challenges and continued government ownership may weigh on their performance

BPCL privatisation likely to face a bump on rising fuel prices in India

A major chunk of the auto fuel price in the country consists of state and central taxes

Govt paying Rs 20 cr daily on Air India, wants quick handover: DIPAM Secy

Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM Secretary Tuhin Kanta Pandey said what Tata is getting is not a cash cow but an airline which is bleeding where money needs to be pumped in to refurbish obsolete aircraft and dust up strangled ones while being unable to touch any employee for one year and only be able to resize staff after paying a VRS. "It won't be a very easy task there. Only advantage is they (new Air India owner) are paying the price which they think they can manage. They are not taking the excessive debt accumulated to fund years of losses. We are continuing it as an ongoing concern.... This process has also saved huge amount of taxpayers money going forward," Pandey told PTI. Earlier this month, the government had accept

Timeline for mandatory use of Indian flag on SCI vessels may be shortened

Tax implication of bearing the flag has been a sticking point for suitors

Govt gets financial bids for Central Electronics after Air India deal

The govt seeks to disinvest its 100% shareholding in the PSU, buyer to observe three-year lock in

Air India privatisation reflects govt resolve to bite reform bullet: CII

The chamber said the time was right to expedite disinvestment efforts in the banking space, with privatisation of identified two public sector banks.

Air India privatisation: Rs 16,000 cr unpaid bills to go to govt's AIAHL

As on August 31, Air India had a total debt of Rs 61,562 crore