Page 4 - Psu Disinvestment

Air India's new owner may be allowed to trim fleet size, lay off staff

Since the skies are far from clear, the new owner will also be allowed to lay off employees, given their requirement will shrink with the reduction in the fleet size, said officials in the know

Govt may invite expressions of interest for Shipping Corporation this week

The government is planning to sell its entire 63.75 per cent stake in Shipping Corporation, along with transfer of management control

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

Centre's PSU disinvestment drive gets a helping hand from LIC, SBI

The two lapped up the bulk of shares during the offers for sale of HAL, Bharat Dynamics

Will the IPO everyone is waiting for come this year? Find out LIC 'plans'

In this podcast, Business Standard's Shrimi Choudhary discusses what has been done so far in the LIC IPO, what needs to be done to be on track and about the complexities surround the listing

Best of BS Opinion: The missing MPC, biodiversity loss, and more

Here's a selection of Business Standard opinion pieces for the day

A case for PSU bonus debentures

It may well be the solution to exceed divestment targets and pump-prime the economy

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

LIC IPO unlikely this fiscal year due to delay in valuation process

A lot of work to be done before insurer is ready for market debut, admit LIC and govt officials

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

Covid-19: Govt unlikely to meet Rs 2.1 trillion divestment target for FY21

With ambitious FY21 target of Rs 2.1 trn unlikely to be met, govt to push through LIC IPO, privatisation of BPCL or Concor

BPCL divestment process may face resistance from Kerala govt, employees

A few employee unions have already approached the Bombay High Court with two writ petitions

Govt extends bidding deadline for BPCL by two months till Sept 30

The EoI submission deadline was May 2, but on March 31 it was extended up to June 13. On May 26, it was extended to July 31 and now it has been extended till September 30.

Oman firm likely to exit Bina refinery as BPCL gears up for divestment

Bharat Oman Refineries (BORL) may get merged with BPCL post-Oman's exit

60% of Bharat Petroleum staff eligible for voluntary retirement scheme

Firm offers VRS ahead of privatisation

Govt plans to sell Bharat Petroleum Corp stake in time-bound manner

There were speculations that the deadline for submitting the expression of interest (EOI) might be extended further from the current date of July 31

Govt plans to raise Rs 20,000 crore by selling stakes in CIL, IDBI Bank

In case of Coal India, if valuations are not attractive, company will buy back shares from the govt

Govt extends Bharat Petroleum privatisation bid deadline to July 31

Any private company having a net worth of $ 10 billion is eligible for bidding and consortium of not more than four firms will be allowed to bid

Covid-19 crisis: Govt wants PSUs to ramp up dividends, share buybacks

With Covid-19 set to hit FY21 revenue mop-up, Centre looks for options