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Cabinet likely to consider strategic stake sale in PSUs today

Cabinet likely to consider strategic stake sale in PSUs today

NITI Aayog has prepared a list of public sector units where the government can sell its majority stake to private companies in order to bring in greater efficiency and professionalism in functioning.

Govt on course to raise Rs 2,200 crore from NBCC stake sale

Govt on course to raise Rs 2,200 crore from NBCC stake sale

Government on Friday looked set to raise about Rs 2,200 crore from sale of its 15 percent stake in NBCC after retail investors grabbed 82 percent of their allotted quota, with institutional investors making up for the small shortfall.

NBCC share sale for retail buying begins; govt aims to raise about Rs 2,200 cr

NBCC share sale for retail buying begins; govt aims to raise about Rs 2,200 cr

The government hopes to raise about Rs 2,200 crore through the exercise, which concludes today.

Govt okays strategic divestment of Bharat Pumps and Compressors

Government has accorded "in-principle" approval for strategic disinvestment of Allahabad-based Bharat Pumps and Compressors Limited.

Coal India buyback offer to open on Oct 3

Coal India buyback offer to open on Oct 3

The share buyback programme worth Rs 3,650 crore of Coal India would open next week on October 3.

Niti Aayog working on second list of PSU divestment

New Delhi: After submission of the first list of PSUs for closure or sell off to the government, Niti Aayog is now working on another list for disinvestment.

 Scooters India disinvestment on the cards

Scooters India disinvestment on the cards

Heavy Industries Ministry will soon seek an in-principle approval for disinvesting government's stake in loss making automaker Scooters India.

Government's divestment kitty to swell by Rs 16,000 crore

Government's divestment kitty to swell by Rs 16,000 crore

With at least one buy-back announcement from PSUs every month, the government is expected to garner over Rs 16,000 crore in its disinvestment kitty over the next couple of months.

Air India can't get public money for eternity: Civil Aviation Minister

Air India can't get public money for eternity: Civil Aviation Minister

Air India's "books are so bad" that nobody will buy it even if the government wanted to sell off the national carrier, Civil Aviation Minister Ashok Gajapathi Raju said on Thursday.

 NHPC share sale fully subscribed; govt to get Rs 2,700 crore

NHPC share sale fully subscribed; govt to get Rs 2,700 crore

Kicking off the current fiscal's disinvestment programme, the government today raised Rs 2,700 crore from sale of its 11.36 percent stake in hydropower producer NHPC after retail portion oversubscribed 1.65 times.

FinMin lines up 16 PSUs including ONGC, Oil India and Coal India for disinvestment

FinMin lines up 16 PSUs including ONGC, Oil India and Coal India for disinvestment

Finance Ministry has drawn up a list of 16 PSUs including ONGC, Oil India and Coal India for disinvestment in 2016-17 which could fetch the exchequer Rs 40,000 crore at current stock value.

Fiscal deficit expected to be below 3.9% for FY16: Finance Ministry

Fiscal deficit expected to be below 3.9% for FY16: Finance Ministry

Finance Ministry today said the fiscal deficit for 2015-16 is likely to remain below 3.9 percent of the GDP on the back of tax receipts and realisation from disinvestment.

CIL unions to meet Piyush Goyal Monday, may discuss disinvestment

CIL unions to meet Piyush Goyal Monday, may discuss disinvestment

Five worker unions of state-owned CIL will meet Coal and Power Minister Piyush Goyal Monday to deliberate on various issues, including disinvestment.

Concor OFS fully subscribed; govt gets Rs 1,165 crore

Concor OFS fully subscribed; govt gets Rs 1,165 crore

Container Corporation of India Ltd (Concor) is the second disinvestment by the government in just over two weeks but unlike the previous issue, retail participation was robust.

DIPAM to ensure unlisted PSUs pay dividend or buyback shares

Finance Ministry today said the rechristened Department of Disinvestment will ensure that the unlisted PSUs with huge cash piles either pay special dividend or buyback government shares and gradually move towards listing

Govt sets FY17 disinvestment target at Rs 56,500 crore

The government aims to collect Rs 56,500 crore through disinvestment in PSUs in the next fiscal, as per the Budget for 2016-17.

Disinvestment Dept renamed to Department of Investment and Public Asset Management

Government Monday said PSUs will now have to monetise their idle assets for new investments, while renaming the Department of Disinvestment to Department of Investment and Public Asset Management (DIPAM).

NTPC stake sale: Institutional buyers put in Rs 7000-crore bids

NTPC stake sale: Institutional buyers put in Rs 7000-crore bids

The government's 5 percent stake sale in India's largest power producer NTPC got off to a blockbuster start Tuesday with FIIs and institutional buyers alone putting in bids for as much as Rs 7,287 crore, against the total issue size of Rs 5,030 crore.

NTPC's rating unaffected by govt's stake sale: Moody's

The government's 5 percent stake sale in NTPC will not impact the rating of the country's largest power producer, Moody's Investors Service said today.

NTPC's Rs 5,030-cr stake sale starts under new Sebi norms

NTPC's Rs 5,030-cr stake sale starts under new Sebi norms

The share sale is the first under Sebi's revised offer for sale (OFS) rules that allow the bidding for shares spread over two days.