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Tag results for... "psu-privatisation"

BEML to form subsidiary for demerger of surplus land, assets ahead of disinvestment

BEML has received an approval from the Department of Investment and Public Asset Management (DIPAM) and NITI Aayog in this regard Earlier in March this year, BEML had announced the.......

SCI disinvestment: Govt shortlists MEIL, ex-SCI employee consortium & US-based company

The list of shortlisted bidders includes US-based Safesea, Hyderabad-based MEIL and a consortium led by non-resident Indian businessman Ravi Mehrotra The three bidders have also.......

COVID: Bidders seek extensions in deadlines, BPCL, Air India disinvestment likely to get delayed

A source said that DIPAM has already received requests from bidders for delaying the submission of financial bids However, the source added that the disinvestment targets for FY22.......

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,.......

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.......

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.......

Bank strike: Unions have a valid question for Finance Minister

The unions want the government to roll back its decision to privatise public sector banks and instead work at strengthening state-run lenders Most of the branches of state-run lenders.......