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Tag results for... "psu-disinvestment"

FM to hold review meeting on disinvestment this week, take call on bank privatisation: Sources

Officials feared that if partial lockdown in certain parts of the country continue or are enforced more severely, it will impact both the market and investor sentiment For FY22, the.......

SEFI demands ‘Maha merger’ of steel PSUs SAIL, RINL, NINL, others to form mega entity

The merged mega steel entity will play an important role in achieving the target of 300 MTPA of steel production by 2030-31, SEFI has argued Each of steel units has their strengths and.......

Modi govt ends FY21 with PSU disinvestment yield of Rs 32,835 cr

Minority stake disinvestment through OFS and IPO and share buybacks contributed to the cumulative total of Rs 32,835 crore While OFS fetched the government Rs 22,972.86 crore, IPO.......

BPCL acquires OQ’s full stake in Bharat Oman Refineries Limited (BORL) for Rs 2,400 cr

BPCL said that with the acquisition of OQ’s entire stake, BPCL will establish full control over BORL The consolidation exercise comes as the government is set to privatise.......

NINL disinvestment progresses without any delay; govt receives multiple EoIs

The government had floated a PIM on January 25, and had sought EoIs for the disinvestment of 100 percent shareholding of various state-run organisations in NINL The shortlisted bidders.......

For Air India, choice is between disinvestment & closing down: Puri

While terming the national carrier as a “first-rate asset,” the minister said that the company has accumulated a debt of Rs 60,000 crore We need to draw the slate clean,.......

NRL disinvestment complete as OIL, EIL, Assam govt acquire BPCL’s shares

A Sale Purchase Agreement was signed on March 25 between BPCL and the consortium of Oil India Limited (OIL) and Engineers India Limited (EIL) After the completion of the acquisition of.......

Niti Aayog seeks to empanel TA for PSU asset, pipeline monetisation & disinvestment

The objective of the proposed monetisation is to raise long-term private investment in lieu of the right to operate, maintain and earn revenue from such core assets, said the Aayog Niti.......

Privatisation: BEML EoI submission deadline closes with multiple bidders showing interest

The government had extended the last date for EoI submission for privatisation of defence PSU BEML from March 1 to March 22 Currently, the government holds 54.03 percent stake in the.......

What happens to PSU employees after privatisation?

The concern of PSU employees regarding alteration in the terms and conditions of the services are addressed through provisions in the Share Purchase Agreement (SPA) In cases where VRS.......

BPCL disinvestment has progressed, but there’s little clarity on several issues: Fitch Ratings

‘There is still little information about bidders, valuations or potential restrictions for the new owner in relation to employee protection, asset stripping and investment.......

GAIL not part of any disinvestment plan, says Petroleum Secretary

The only thing being done — there was also a budget announcement about it — is that an independent TSO will be set up, said the Secretary The government had earlier been.......

Unions warn bank strike will be bigger, indefinite like farmers’ stir, if govt doesn’t yield

PSU bank employees took to the streets across states in India on both the days and raised slogans like, ‘save PSBs’, ‘sustain social banking’ and ‘safeguard.......

119 central PSUs continuously in profit for last 5 years, tells govt

MoS HE&PE Arjun Ram Meghwal said 119 CPSEs continuously recording profit for the last five years 30 PSUs are continuously in losses for the last 5 years and the total number of PSUs.......

Privatisation: Govt will further disinvest stake in these defence PSUs

New Delhi: Minister of state for defence Shripad Naik on Monday named the defence PSUs that are going to be privatised or disinvested in the near future. "The Government is planning to decrease.......