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.

LIC big market player, not only to bailout divestment: FM Jaitley
LIC big market player, not only to bailout divestment: FM Jaitley

Confident of meeting the "ambitious" disinvestment target of Rs 69,000 crore this fiscal, Finance Minister Arun Jaitley on Monday said the government has moved fast so far and all routes are open on this front, including strategic sale of hotels.

 

Government to adhere to FY16 fiscal deficit target: StanChart

Sluggish direct tax collection, likely shortfall in disinvestment proceeds and OROP scheme pay out will add to the government's fiscal burden but it will "adhere to" fiscal deficit target by reducing expenditure, says a Standard Chartered report.

Assocham advises central trade unions to call off strike

The apex body Assocham estimated a hefty loss of about 25,000 crore due to the ongoing strike by the central trade unions.

Bharat Bandh: Strike affects clearing business at banks

Normal working at banks was affected on Wednesday due to a nationwide strike called by 10 central trade unions, although the staff of SBI, IOB, ICICI Bank, HDFC Bank and Axis Bank stayed away from the agitation.

Govt extends deadline for bids to manage CIL's 10% stake sale

Government has extended the date by three more weeks for submission of bids by merchant bankers interested in managing the 10 percent stake sale in Coal India (CIL), which is likely to fetch about Rs 22,450 crore.

Reasons behind Sept 2 Bharat Bandh

Essential services are likely to be impacted tomorrow with 10 central trade unions going ahead with one-day nationwide strike to protest against changes in labour laws.

LIC buys nearly 90% of Indian Oil's shares on offer

State-owned Life Insurance Corp of India (LIC) has purchased nearly 90 percent of Indian Oil shares sold by the government in its Rs 9,379-crore disinvestment.

Indian Oil stake sale full subscribed; govt bags Rs 9,300 crore

The IOC share sale was pulled off by demand from institutional investors who bid for 27.85 crore shares, against 19.42 crore shares on offer. The portion was subscribed 1.43 times.

IOC share sale begins amid bloodbath in market

The government is looking to raise about Rs 9,302 crore from sale of 24.28 crore shares in IOC through a one-day OFS route at a floor or minimum price of Rs 387 apiece.

Indian Oil stake sale Monday; govt eyes best 'first half' disinvesment kitty in 7 years

Looking to garner Rs 9,300 crore from Indian Oil share sale Monday, the government expects its disinvestment kitty so far this fiscal to swell to Rs 12,600 crore -- making it the best 'first-half' in 7 years.

Indian Oil stake sale floor price set at Rs 387 a share

The government has set a floor price for the sale of shares in top state-run refiner Indian Oil Corp Ltd at Rs 387 each, the company said, a two percent discount from Friday`s close.

Govt to sell 10% stake in IOC to raise Rs 9,500 crore on Monday

In the biggest disinvestment this fiscal, the government will on Monday sell a 10 percent stake in nation's largest oil firm IOC to raise about Rs 9,500 crore.

CITU protests Coal India disinvestment plan

The Centre reportedly mulling disinvestment in the state-owned Coal India has triggered protest demonstrations by Left-backed CITU, even as the Congress-backed INTUC is yet to take a call on the matter.