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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.

Govt to sell 5% in NTPC on Tuesday at Rs 122, eyes Rs 5,000 crore

Govt to sell 5% in NTPC on Tuesday at Rs 122, eyes Rs 5,000 crore

The stake sale would be spread over two days with institutional bidders getting the first chance to buy shares Tuesday. Retails investors, for whom 20 percent shares have been reserved, will get to bid on February 24.

Coal India stake sale may spill over to next fiscal

Coal India stake sale may spill over to next fiscal

The 10 percent stake sale in Coal India is likely to be deferred to next fiscal as the government wants to wait for stability in the equity markets for a better valuation.

Govt sells $5 billion of PSU shares in 2015, readies 2016 pipeline

Government's disinvestment kitty has almost doubled this year with over Rs 35,000 crore garnered through PSU share sales.

Govt garners Rs 12,701 crore from disinvestment in FY16 so far

Govt garners Rs 12,701 crore from disinvestment in FY16 so far

Government has raised Rs 12,701 crore from stake sale in PSUs in this fiscal so far and has lined up state-run firms in sectors such as defence, oil and power for disinvestment to garner more capital, Finance Minister Arun Jaitley said.

Govt to sell PSU stakes when market conditions improve: Arun Jaitley

Govt to sell PSU stakes when market conditions improve: Arun Jaitley

Government will sell stake in some state-owned companies, especially those in metals business, only when market conditions improve, Finance Minister Arun Jaitley Monday said amid concerns that the Rs 69,500 crore disinvestment target for the current fiscal may be missed.

Cabinet approves 10% stake sale in Coal India, IPO for Cochin Shipyard

Cabinet approves 10% stake sale in Coal India, IPO for Cochin Shipyard

The Cabinet Wednesday approved 10 percent stake sale in Coal India and initial public offer of Cochin Shipyard amid growing concerns over meeting Rs 69,500 crore disinvestment target in the current fiscal.

Department of Disinvestment wants disinvestment target to be scaled down to Rs 30,000 crore

Department of Disinvestment wants disinvestment target to be scaled down to Rs 30,000 crore

The Department of Disinvestment wants that PSU stake sale target for the current fiscal be more than halved to Rs 30,000 crore in view of volatility in the stock markets.

CIL stake sale: Deadline for merchant bankers extended again

CIL stake sale: Deadline for merchant bankers extended again

Government has again extended the date by another three weeks for submission of bids by merchant bankers interested in managing the Coal India's (CIL) 10 percent stake sale, which may fetch around Rs 19,600 crore.