Monday, December 5, 2022
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PSU Privatisation

IDBI Bank privatisation: Govt extends query submission deadline till Nov 10

The Finance Ministry has extended the deadline for potential bidders to submit queries on IDBI Bank privatisation by 13 days till November 10

IDBI Bank privatisation: LIC to recover its investment by time of sale

New Delhi: State-owned insurance company LIC is expected to recover its Rs 21,624-crore investment it had made in IDBI Bank as share prices are...

Govt scraps sale of CEL to Nandal Finance; decision on Pawan Hans likely in Sept

The govt has decided to scrap the sale of CEL to Nandal Finance & Leasing as the selected bidder had failed to disclose its ongoing litigation in the NCLT

BPCL closes down data room after govt puts off privatisation

BPCL had in April 2021 opened a virtual data room, mostly containing financial information on the company, for the qualified bidders signing Confidentiality Undertaking (CU)

BPCL disinvestment: Govt officially aborts plan as bidders pull out

The govt has announced its decision to scrap the BPCL disinvestment process since bidders have expressed their inability to continue with the process

BPCL privatisation: Govt dumps 100% stake sale plan, say sources

With the BPCL privatisation plan moving at a snail’s pace, the government is believed to have dumped its plan to sell its 100% stake in the PSU

Privatisation: Govt identifies 60 PSUs in non-strategic sectors

The government has identified around 60 PSUs in non-strategic sectors for privatisation or closure in line with its new public sector enterprises (PSE) policy

No more a Public Sector Enterprise buying PSUs on sale: Finance Ministry

Ministry of Finance has prohibited Public Sector Enterprises from buying other PSUs on sale saying this defeats the very purpose of 'privatisation'

Varun Gandhi opposes bank, railway privatisation, says it will leave 5 lakh jobless

Synopsis: Launching a fresh offensive against the Central government's policies, Bharatiya Janata Party (BJP) MP Varun Gandhi opposed the privatisation of banks and railways, claiming that it will render five lakh people jobless

Disinvestment: Govt approves Tata Steel’s Rs 12,100-cr bid for NINL

After Air India, Tata Group is now set to bag another PSU as the government has approved the Rs 12,100-crore bid submitted by Tata Steel for NINL

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