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Union Budget 2014: Disinvestment target revised upwards to Rs 58,425 cr

Union Budget 2014: Disinvestment target revised upwards to Rs 58,425 cr

Last Updated: Thursday, July 10, 2014, 14:11

Finance Minister Arun Jaitley Thursday raised the disinvestment target for the current fiscal to Rs 58,425 crore.

Govt to sell 5% stake in ONGC, to fetch Rs 17,000 cr

Last Updated: Tuesday, July 08, 2014, 17:26

The Department of Disinvestment is understood to have floated a Cabinet note for inter-ministerial consultation to take forward the ONGC stake sale.

Govt looking at disinvesting in around 9 firms: Official

Last Updated: Thursday, June 26, 2014, 20:31

The government is looking at disinvestment in around nine state-owned firms this year, a senior government official said Thursday.

DoD meets SteelMin, merchant bankers on SAIL disinvestment

Last Updated: Monday, June 23, 2014, 18:55

Kick starting the process of 5 percent stake sale in SAIL, the Disinvestment Department Monday held meeting with merchant bankers and steel ministry officials to move ahead with it.

India may sell 5% stake in SAIL: Sources

Last Updated: Tuesday, June 17, 2014, 17:33

The new government could sell a 5 percent stake in state-run SAIL and a final decision is likely to be taken next week.

FinMin asks DoD to complete groundwork for PSU stake sale

Last Updated: Sunday, June 15, 2014, 20:25

The Finance Ministry has asked the Department of Disinvestment to complete the groundwork for stake sales in state-owned companies soon after the budget to take advantage of the bull phase in the stock market.

Modi should go for quick disinvestment

Last Updated: Thursday, May 29, 2014, 09:28

Having received a decisive mandate, the world expects Modi to shun singles and doubles to focus on some lusty big hits!

DoD suggests strategic sale for non-core PSUs

Last Updated: Thursday, May 22, 2014, 18:37

The new government could look at the possibility of strategic sale of state-owned enterprises in the non-core sectors like steel and cement, the disinvestment department said in its presentation to the Cabinet Secretary.

EC nod sought for appointing valuers in HZL, Balco stake sale

Last Updated: Thursday, April 03, 2014, 21:12

The Disinvestment Department has approached the Election Commission seeking its approval for appointing valuers for government's residual stake in Hindustan Zinc and Balco.

FinMin to hire external monitors to oversee disinvestment

Last Updated: Monday, March 24, 2014, 20:58

In order to ensure transparency in the disinvestment process, Finance Ministry has decided to appoint retired bureaucrats and prominent private sector executives as independent monitors to oversee working of merchant bankers and others associated with PSU stake sale.

CPSE ETF to reopen for investors next month

Last Updated: Sunday, March 23, 2014, 12:23

An ETF is a security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange.

Govt gets Rs 4,000 cr from ETF, exceeds disinvestment target

Last Updated: Friday, March 21, 2014, 19:42

The government's first attempt to mop up disinvestment proceeds through the mutual fund route met with encouraging response as the CPSE Exchange Traded Fund (ETF) garnered cumulative bids worth Rs 4,000 crore from investors, including FIIs.