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Tag results for... "psu-privatisation"

PSU general insurance company employees go on strike to oppose govt's privatisation plan

The argument of the Finance Minister that it is not privatisation but an effort towards greater private participation sounds somewhat ludicrous, said AIIEA AIBOC and AIBEA also extended support.......

No proposal being considered for public sector bank merger currently: Dr Bhagwat Karad

Dr Karad said that in line with the announcement made by the Finance Minister, the government will be taking up privatisation of two public sector banks Even though the government is committed.......

After 17 years, India needs to see some PSU privatisation: DIPAM Secretary

‘As much as the government would like to disinvest, we also need businesses to come forward and participate in our bidding process’ ‘There have been delays and pushbacks.......

Govt has approved disinvestment of 35 PSUs since 2016: Dr Bhagwat Karad

Disinvestment has been completed in 8 PSUs so far A total of 21 PSUs are being currently under the process of disinvestment or privatisation New Delhi: The Centre has approved the.......

Privatisation would be primary mode of PSU disinvestment: MoS Finance

The Centre has so far raised Rs 7,645.70 crore from PSU disinvestment against a target of Rs 1.75 lakh crore, Dr Karad told the Lok Sabha The initial public offer (IPO) of Life Insurance.......

Disinvestment: BEML forms BEML Land Assets Ltd for demerger of non-core assets

BEML had announced the appointment of Deloitte as consultant for advising, undertaking and implementing demerger of non-core assets ahead of its disinvestment The government has plans to hive.......

NMDC Board approves de-merger of Nagarnar Steel Plant for disinvestment

The CCEA had given its ‘in-principle’ approval on October 14, 2020, to the demerger of Nagarnar Steel Plant from NMDC Ltd and its strategic disinvestment According to NMDC Vision.......

Govt shortlists ArcelorMittal, JSW Steel & MEIL for NINL disinvestment

The data room has been opened up for the three shortlisted bidders, who will now participate in the RfP stage The draft share purchase agreement has been issued and site visits have been.......

SCI disinvestment: SCI opens Virtual Data Room (VDR) for bidders

VDR access is an important step in the SCI disinvestment process The VDR access will give bidders access to detailed financial information about SCI necessary for making a financial bid New.......

BPCL pays Rs 2,399 cr to OQ, completes stake acquisition in Bharat Oman Refineries

BORL is a 7.8 MMTPA capacity central India oil refinery, located in Bina, Madhya Pradesh Since March 2020, BPCL had been holding 63.4 percent while OQ had 36.6 percent equity in the.......

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.......