Air India will be closed if not privatised: Union Minister HS Puri

Thr Civil Aviation Minister made these remarks while speaking in Rajya Sabha.

Nov 27, 2019, 14:04 PM IST

Union Cabinet approves disinvestment in five government companies

Union Finance Minister Nirmala Sitharaman on Wednesday said that the Cabinet has approved the sale of stake of the government in five prominent Public Sector Units (PSUs), including Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI), and Container Corp of India.

Nov 21, 2019, 00:24 AM IST

No proposal for strategic disinvestment of Navaratna CPSEs: Govt informs Rajya Sabha

As per Public Enterprises Survey 2017-18 that was laid in the Parliament on 27.12.2018, there were 339 Central Public Sector Enterprises (CPSEs) as on 31.03.2018.

Jun 24, 2019, 16:56 PM IST

Finance Ministry to prepare fresh proposal for Air India sale

The ministry's proposal, to be placed before Air India Specific Alternative Mechanism (AISAM), will also include option of selling either 100 percent or 76 percent government stake in Air India.

Jun 20, 2019, 10:38 AM IST

Air India sale a scam in the making, will file complaint if I find culpability: Subramanian Swamy

Swamy has threatened to file a complain if he finds anything wrong with the deal.

Mar 31, 2018, 21:45 PM IST

UPA made the Maharaja a beggar, we are restoring his glory: Minister on Air India sale

He said the airline would be kept independent after the stake sale.

Mar 29, 2018, 21:09 PM IST

Bharat-22 ETF launched; government eyes Rs 8,000 crore

The shares of the state-run companies represent 6 core sectors of the economy - finance, industry, energy, utilities, fast moving consumer goods (FMCG) and basic materials.

Nov 14, 2017, 19:55 PM IST

Bharat 22 ETF opens on Tuesday: All you need to know

This ETF, which is being managed by ICICI Prudential AMC, comprises select companies from the private sector having an exposure to the extent of 39 percent while the rest are public sector firms.

Nov 13, 2017, 19:12 PM IST

Government says GDP growth set to take off: Top highlights

We won't cross 4 percent inflation. India is defined by low inflation these days, says Arun Jaitley

Oct 24, 2017, 16:45 PM IST

Govt sells 7% in NTPC to raise Rs 9,100 crore

The government had planned to sell over 41.22 crore shares, or 5 per cent holding, through the two-day OFS, with an option to retain a similar portion in case of over- subscription.

Aug 30, 2017, 22:34 PM IST

NTPC share sale a big hit with institutions, oversubscribed

On the opening day of the sale, which was open to non- retail investors, over 38.66 crore shares were bid till 1425 hours, according to stock exchange data. This was 1.17 times of the 32.98 crore shares reserved for them.

Aug 29, 2017, 13:15 PM IST

Govt to sell 5% stake in NTPC at floor price of Rs 168 per share today

The share sale through an offer for sale (OFS) will happen over two days?beginning tomorrow, an official said here.

Aug 28, 2017, 18:06 PM IST

HUDCO IPO over-subscribed by more than 79 times

The HUDCO initial public offering (IPO) saw an exceptional level of interest and the Issue as a whole was oversubscribed by more than 79 times. Bids worth Rs. 97,000 crores were received for an issue size of Rs. 1,200 crores.

May 12, 2017, 19:31 PM IST

CPSE ETF oversubscribed 3.7 times, gets bids worth Rs 9,700 crore

The third tranche of the government's exchange traded fund (ETF) of top 10 state-owned companies saw bids worth Rs 9,200 crore from investors, which is 3.7 times the amount sought to be raised.


Mar 17, 2017, 21:26 PM IST

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.

Feb 08, 2017, 12:16 PM IST

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.

Feb 04, 2017, 23:29 PM IST

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.

Feb 03, 2017, 13:22 PM IST

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.

Feb 02, 2017, 15:52 PM IST

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.

Jan 25, 2017, 19:10 PM IST

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.

Jan 19, 2017, 18:10 PM IST