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Govt scouts for valuers for Hindustan Prefab, PDIL assets

The government is scouting for asset valuers to undertake valuation of two unlisted PSUs -- Projects & Development India Ltd (PDIL), and Hindustan Prefab.

Disinvestment receipts to touch Rs 45,000 crore: Arun Jaitley

Disinvestment receipts to touch Rs 45,000 crore: Arun Jaitley

Finance Minister Arun Jaitley has exuded confidence that receipts from PSU disinvestment will touch Rs 45,000 crore in 2016-17.

Govt plans strategic sale of 3 PSUs, merger of 4

Government plans to exit its holding in three PSUs -- Bharat Pumps & Compressors, Bridge & Roof Co and Hindustan Fluorocarbons -- by selling its stake to strategic buyers.

Govt looks to raise Rs 11,000 crore from listing of insurers

Government plans to divest Rs 11,000 crore worth of stake in PSU general insurance companies to meet the steep disinvestment target of Rs 72,500 crore next fiscal.

MOIL share sale sees robust retail demand; govt nets Rs 480 crore

MOIL share sale sees robust retail demand; govt nets Rs 480 crore

Government's 10 percent stake sale in manganese miner MOIL on Wednesday saw a robust response from retail investors who put in bids for over 5 times the shares reserved for them, ensuring Rs 480 crore to the exchequer.

Market consolidates, Union budget takes spotlight

Market consolidates, Union budget takes spotlight

Bringing up the second day of gains, equities showed signs of consolidation after the benchmark Sensex closed at 27,309 as investors tried to strike a fine balance between new policies of US President-elect Donald Trump and the domestic budget, which is a few days away.

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.