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ArcelorMittal completes sale of ATIC stake for 155.4 mn euros

Last Updated: Monday, June 30, 2014, 19:52

ArcelorMittal said its 78 percent stake in the European port handling and logistics company was sold to HES Beheer.

'Govt should divest stake in cash-rich PSUs to revive economy'

Last Updated: Friday, May 09, 2014, 17:57

The new government should divest stake in the top 10 cash-rich PSUs to raise Rs 1 lakh crore and utilise the money to provide the much-needed push to economic growth and tide over revenue shortfall, an industry chamber said today.

Govt may come up with more ETFs after sound response to CPSE

Last Updated: Friday, April 04, 2014, 13:50

After the encouraging response to CPSE ETF, government is mulling coming up with more such exchange traded funds comprising shares of public sector units as part of its divestment programme.

Govt hopeful of achieving revised divestment target

Last Updated: Friday, March 14, 2014, 19:48

The government is hopeful of achieving its revised target of Rs 16,000 crore from disinvestment during the curent fiscal, a top government official said here on Friday .

Govt unlikely to meet divestment target, to rely on dividends

Last Updated: Sunday, January 12, 2014, 15:25

The finance ministry has been holding meetings with heads of cash rich bluechip PSUs, including ONGC, Coal India and SAIL, to persuade them to pay higher dividends.

LIC major buyer in PSU divestment via OFS; pumps in Rs 16K cr

Last Updated: Sunday, August 25, 2013, 11:57

The OFS or auction route has yielded Rs 33,800 crore to the exchequer through stake sale in 11 companies since March 2012, beginning with oil major ONGC.

Govt shelves BHEL divestment on valuation, order book concerns

Last Updated: Monday, August 05, 2013, 20:29

The disinvestment department has shelved plans to sell a stake in power equipment maker BHEL, citing valuation concerns and a depleting order book.

Palestinian boycott leaders say peace talks `useless`

Last Updated: Wednesday, June 12, 2013, 17:35

Leaders of a growing Palestinian movement to boycott Israel oppose any peace talks, even if they include a freeze of Jewish settlements on Palestinian land.

Cos can announce abt share-sale via OFS just 1-day in advance

Last Updated: Thursday, May 30, 2013, 18:30

So far the companies had to announced sale of promoters share to meet the guidelines through Offer-for-Sale (OFS) mechanism at least one trading day prior to the date of sale.

Disinvestment dept moves Cabinet for 10% stake sale in IOC

Last Updated: Monday, May 27, 2013, 19:15

The Department of Disinvestment (DoD) has moved Cabinet for selling 10 percent shares in Indian Oil Corp (IOC), the nation's largest oil firm, to raise over Rs 7,000 crore.

HAL disinvestment likely in second half of fiscal

Last Updated: Sunday, April 14, 2013, 12:36

Government is likely to offload 10 percent stake in defence equipment maker Hindustan Aeronautics (HAL) through an initial public offer in the second half of the current fiscal.

DoD tweaking PSU stake sale norms to attract retail investors

Last Updated: Sunday, April 07, 2013, 12:47

The Department of Disinvestment is working on tweaking the Offer For Sale (OFS) mechanism for PSU stake sale by carving out a separate 5 percent category for retail investors.