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3 mins read

Time to push divestment of state-owned banks, says SBI report

With regard to the privatisation of IDBI Bank, it said the government and Life Insurance Corporatio…

PTI   


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1 min read

RBI issues framework for reclassification of FPI to FDI

Currently, an investment made by foreign portfolio investor along with its investor group (FPI) sho…

PTI   


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2 mins read

Government on course to meet fiscal deficit target for FY24 as gross tax receipts hit a 20-year high

Economists believe that the government is on track to achieve the fiscal deficit target of 5.3% in …

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2 mins read

Government is reportedly planning to privatise Indian Overseas Bank and Central Bank of India — stocks jump up to 20%

The news triggered shares of both the banks as they spiked up to 20% in Wednesday’s trade. At …

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5 mins read

Even after the LIC IPO, Indian government may be well short of its divestment target ⁠— for a third year in a row

The union government might miss the divestment target for financial year 2022, which will be the th…

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Tata Steel's arm to buy debt-ridden Neelachal Ispat Nigam for ₹12,100 crore from government

The Centre's 'Alternative Mechanism' approved the bid for buying 93.71 per cent of shares of JV …

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LIC IPO to be launched between Jan-Mar 2022

According to Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management…

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Do you own an LIC policy? Here is how you can link your PAN before applying for the LIC IPO

India’s largest insurance company Life Insurance Corporation (LIC), on Wednesday, released advertis…

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2 mins read

Air India divestment: Government may inform qualified bidders by January 30

The government was to intimate the bidders by January 5. People in the know of the developmen…

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4 mins read

India may have to sell BPCL shares for less than the best price⁠ as the government needs money

The government needs money to stimulate the economy and tax collections are likely to be down.…

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Tata Sons reportedly wins bid to takeover the ‘Maharaja’

SpiceJet founder Ajay Singh was also among the bidders, as per reports. Business Insider has rea…

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India's largest-ever IPO may be shelved until next year

Finance Minister Nirmala Sitharaman while presenting the Budget 2020-21 had announced stake sale…

PTI   


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DMK vows to repeal CAA if INDIA bloc is voted to power

Tamil Nadu's ruling DMK, a key constituent of the INDIA bloc, in its manifesto released on Wednesda…

PTI   


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Indian government is looking to sell Air India but may keep its debt

The sale of Air India has been contemplated for years, unsuccessfully. An attempt made in 2018 fail…

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BEML divestment: Government to sell 26% stake, invites bids by March 1

As per the Preliminary Information Memorandum (PIM), non-operational or surplus land asset…

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2 mins read

Indian government might not be able to close Air India BPCL divestments this fiscal

In what can potentially hurt the fiscal math for the ongoing fiscal, a senior government official…

PTI   


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Last date for Air India divestment plan nears — reports suggest that Tata, Adani and Hinduja Group are interested

Air India’s privatisation plan is entering its final lap. The government of India has extended the …

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AISAM likely to take key decisions on Air India divestment on Saturday

The Centre's top group of ministers looking into Air India divestment is slated to meet on Saturday…

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Bank unions strongly oppose divestment, a bad bank and threaten to strike

Banking unions aren’t happy with the government’s plans to divest stake in public sector banks (PSB…

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The Indian government is trying to make its struggling national carrier an attractive acquisition target by selling off a profitable subsidiary

India’s central government is not ready to give up on its loss-making national carrier, Air India…