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Saturday, May 15, 2021

Privatization

Cabinet likely to consider IDBI Bank privatisation next week

New Delhi, March 30 (IANS) As the government's new disinvestment policy moves ahead, the Union Cabinet is likely to consider the privatisation of IDBI Bank in its meeting next week, sources said on Tuesday. The LIC-owned IDBI Bank would be...

‘Privatisation will lead to increase in service charges’

New Delhi, March 6 (IANS) All India Nationalised Banks Officers Federation (AINBOF) has opposed privatisation of public sector banks as it will lead to increase in service charges and will take banking beyond the reach of common man. In a...

Dozen privatisation proposals may be considered in FY22

New Delhi, March 6 (IANS) The government's privatisation drive will see about a dozen profit-making entities being put up for disinvestment under the strategic route in FY22, two persons familial with the matter said. They said that that NITI Aayog...

‘Monetise & modernise’ is our motto: PM on disinvestment

New Delhi, Feb 24 (IANS) Reiterating the government's commitment towards privatisation of PSUs and asset monetisation, Prime Minister Narendra Modi on Wednesday said that the motto of his government is to "monetise and modernise". Addressing a webinar on the Budget...

Govt plans to sell up to 20% stake in IRCTC

New Delhi, Dec 9 (IANS) The Union government has proposed to sell up to 2.40 crore shares or 15 per cent of the paid-up equity share capital of IRCRTC through the offer of sale route. It has also proposed an...

Govt sweetens discom privatisation plan to attract investment

By Subhash Narayan, Sep 24 (IANS) The government has sweetened the deal to privatise state-owned power distributions operations in Union Territories as 100 per cent equity holding will be sold only in financially viable utilities while it will retain...

Government to sell 15% stake in HAL through sale offer

Bengaluru, Aug 27 (IANS) The Union Government is selling 15 per cent of its equity stake in the state-owned Hindustan Aeronautics Ltd (HAL) at Rs 1,001 per share to raise about Rs 5,000 crore through an offer for sale...

Centre plans further stake sale in IRCTC via offer for sale

The Central government is planning to sell part of its shares in the Indian Railway Catering and Tourism Corp (IRCTC) through an offer for sale (OFS). In a Request for Proposal, the Department of Investment and Public Asset Management (DIPAM)...

ISRO facilities to be free or at reasonable cost for pvt sector

Chennai, July 30 (IANS) With the government deciding to encourage private sector participation in the space field, the Indian space agency has said its facilities will be offered free of cost or at a reasonable cost for carrying out...

BPCL offers VRS to employees ahead of privatisation

New Delhi, July 26 (IANS) Just a week ahead of the closure of bid submissions for Bharat Petroleum Corporation (BPCL) stake, the company has offered voluntary retirement to its employees. The last date for submitting the expressions of interest (EoIs)...

Latest News

‘Europe has right conditions for safe reopening of tourism’

Lisbon, May 15 (IANS) The European Union (EU) has already had the right conditions for a "safe reopening" of...