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Tag results for... "tuhin-kanta-pandey"

Employee unions diss IMG enquiry into CEL privatisation, term it an ‘eyewash’

The unions have demanded an external examination of the privatisation process through which Nandal Finance has been selected as the successful bidder for CEL The unions have alleged that the PSU.......

Govt puts CEL privatisation on hold after employees union approaches court

New Delhi: The government has put the privatisation of Central Electronics Ltd (CEL) on hold after the employees union approached the court against the sale of the company to a little-known.......

NINL disinvestment moves to concluding stage, financial bids received: Govt

Three steel majors are believed to be in the race to purchase the government’s stake in NINL The Cabinet Committee on Economic Affairs (CCEA) had given its in-principle approval for the.......

PSU disinvestment: Govt invites EoIs for privatisation of PDIL, HLL Lifecare

The DIPAM Secretary said that EoIs for the privatisation of both the PSUs are to be submitted by January 31, 2022 The disinvestment process for PDIL and HLL Lifecare Ltd will be implemented.......

After 19 years, India will see 5-6 PSU privatisation this year: DIPAM Secretary

‘Financial bids for the privatisation of as many as six PSUs, including BPCL, BEML Ltd and SCI, among others, will be invited by December this year or January 2022’ ‘The.......

BPCL pays govt a total dividend of Rs 6,665 crore for FY21

New Delhi:  India’s second-largest oil marketing company, Bharat Petroleum Corporation Ltd (BPCL), which is set to be disinvested by the end of this financial year, has paid govt a final.......

Air India privatisation takes off, govt signs SPA with Tata Sons

The signing of the SPA is a milestone of sorts as it marks the first privatisation undertaken by the government in nearly two decades The signing of the agreement comes days after a Letter of.......

PSUs pay Govt more than Rs 800 Cr as dividend in tranches: DIPAM

New Delhi: DIPAM Secretary Tuhin Kanta Pandey on Monday tweeted that the Government has received over Rs 800 crore as dividend tranches combined from Oil India Ltd (OIL), Kudremukh Iron Ore Company.......

Govt to soon set up a company for monetisation of privatisation-bound PSU assets

An SPV in the form of a company would be set up to hold these assets which would be monetised to fetch value to the exchequer, said the DIPAM Secretary The Department of Public Enterprises (DPE).......

Sale of Central Electronics Ltd reaches concluding stage, financial bids received

New Delhi: The process of the sale of the state-run Central Electronics Ltd (CEL) has moved to a concluding stage. Govt on Tuesday said that the financial bids for strategic disinvestment of.......

DIPAM denies reports of Tata Sons winning Air India bid

Media reports indicating approval of financial bids by Government of India in the AI disinvestment case are incorrect, said the DIPAM Secretary in a tweet Tata Group and SpiceJet Chairman Ajay.......

Disinvestment: Govt to offload upto 10% stake in Hindustan Copper; OFS opens on Sep 16

The Centre plans to sell 5 percent of its stake in the company and exercise the greenshoe option to sell an additional 5 percent in case of oversubscription The floor price for the OFS is Rs 116.......

Air India disinvestment in concluding stage: DIPAM Secretary

Air India disinvestment now reached in concluding stage, said DIPAM secretary Tuhin Kanta Pandey Tata Sons has put in a bid for the Air India disinvestment  New Delhi: The.......

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 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.......