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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
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
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 …
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 …
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…
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 …
LIC IPO to be launched between Jan-Mar 2022
According to Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management…
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…
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…
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.…
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…
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
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
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…
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…
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
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 …
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…
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…
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…