Disinvestment Secretary
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Solid Interest For Ferro Scrap Nigam's Sale: Government
Government on Monday said it has received multiple preliminary bids for buying Ferro Scrap Nigam Ltd
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"Delighted It's Back": Tata Group Takes Over Air India After 69 Years
Tata group has officially taken over Air India from the government on Thursday. "We are totally delighted to have Air India back at the Tata group and are committed to making this a world-class airline," Tata Sons Chairman N Chandrasekaran said. Mr Chandrasekaran also met Prime Minister Narendra Modi ahead of the official handover. "The strategic d...
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LIC, India's Biggest-Ever IPO, To Open Mid-March: What We Know So Far
Woefully short of its disinvestment target for the current fiscal (2021-22), which is a humungous Rs 1.75 lakh crore, government is keen to push the countrys biggest ever public offering of Life Insurance Corporation of India (LIC), through which it is looking to raise anything between Rs 50,000 crore to Rs 90,000 crore, as per the initial public o...
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Will Seek Cabinet Nod Soon On Revised FDI Policy To Fast Track LIC Divestment, Says DPIIT Secretary
DPIIT will soon approach the Cabinet for seeking its approval on changes in FDI policy for fast tracking LIC's disinvestment
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Government To Revise FDI Policy To Allow Life Insurance Corporation's Stake Sale
Government is making changes in the FDI policy to allow disinvestment of Life Insurance Corporation of India
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"Will Remove Constraints": Government's New Plan To Sweeten Air India Deal
The government is considering allowing potential suitors for Air India decide how much of the flag carrier's debt they want to take on as part of the deal, Disinvestment Secretary Tuhin Kanta Pandey said.
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High Court Stays Arrest Warrants Against 3 In Rajasthan Palace Hotel Sale Case
The Rajasthan High court on Tuesday stayed the arrest of former disinvestment secretary Pradip Baijal and two others accused of causing a Rs 244-crore loss to the government through the sale of an ITDC-owned hotel in Udaipur two decades back.
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Air India Qualified Bidder List Likely In FY20, Says Secretary
"We are hopeful of bids from both domestic and overseas players. During our roadshows, we saw interest from many investors in Air India, which included other airlines. They may bid in consortium. That's why the consortium conditions have been made flexible and mergers allowed, which means we have given them the option of restructuring the airline,"...
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Government To Start Air India Roadshows In Singapore This Week: Report
The national carrier has a debt of Rs 57,000 crore and the bids will be invited for 100 per cent stake.
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Centre, RSS Meet May Look At Air India Stake Sale, Fuel Price Rise
The disinvestment of the debt-ridden state-run carrier Air India and runaway fuel price rise are likely to be discussed in the coordination meeting between the RSS, the BJP and the centre on Tuesday. BJP president Amit Shah, finance and railway minister Piyush Goyal and civil aviation minister Suresh Prabhu are among top BJP leaders who are likely ...
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Bird Group Shows Interest In Acquiring Air India Unit
The Union Cabinet had given its in-principle approval for strategic disinvestment of Air India and its five subsidiaries in July this year.
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No 'Distress Sale' For SAIL Units: Steel Secretary
Earlier, the government had given in-principle approval to strategic disinvestment of SAIL's Bhadrawati, Salem and Durgapur alloy steel plants.
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Strategic Sale Won't Be Confined to Loss Making PSUs: Government
The government will soon come outwith a policy on strategic sale of state-owned companies andthe disinvestment will not be confined to loss-makingenterprises.
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Government Says Disinvestment Target Should Not Be Confined to Dates
Global volatility in capital and currency markets has derailed the Rs 69,500-crore PSU stake sale programme for the year, but the government will go ahead with prudent and timely disinvestments, a target for which should not be just confined to dates, a top official has said.
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Strategic Stake Sale Policy Soon: Secretary
NDA government had set up the first disinvestment commission in 1999.
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Solid Interest For Ferro Scrap Nigam's Sale: Government
Government on Monday said it has received multiple preliminary bids for buying Ferro Scrap Nigam Ltd
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"Delighted It's Back": Tata Group Takes Over Air India After 69 Years
Tata group has officially taken over Air India from the government on Thursday. "We are totally delighted to have Air India back at the Tata group and are committed to making this a world-class airline," Tata Sons Chairman N Chandrasekaran said. Mr Chandrasekaran also met Prime Minister Narendra Modi ahead of the official handover. "The strategic d...
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LIC, India's Biggest-Ever IPO, To Open Mid-March: What We Know So Far
Woefully short of its disinvestment target for the current fiscal (2021-22), which is a humungous Rs 1.75 lakh crore, government is keen to push the countrys biggest ever public offering of Life Insurance Corporation of India (LIC), through which it is looking to raise anything between Rs 50,000 crore to Rs 90,000 crore, as per the initial public o...
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Will Seek Cabinet Nod Soon On Revised FDI Policy To Fast Track LIC Divestment, Says DPIIT Secretary
DPIIT will soon approach the Cabinet for seeking its approval on changes in FDI policy for fast tracking LIC's disinvestment
-
Government To Revise FDI Policy To Allow Life Insurance Corporation's Stake Sale
Government is making changes in the FDI policy to allow disinvestment of Life Insurance Corporation of India
-
"Will Remove Constraints": Government's New Plan To Sweeten Air India Deal
The government is considering allowing potential suitors for Air India decide how much of the flag carrier's debt they want to take on as part of the deal, Disinvestment Secretary Tuhin Kanta Pandey said.
-
High Court Stays Arrest Warrants Against 3 In Rajasthan Palace Hotel Sale Case
The Rajasthan High court on Tuesday stayed the arrest of former disinvestment secretary Pradip Baijal and two others accused of causing a Rs 244-crore loss to the government through the sale of an ITDC-owned hotel in Udaipur two decades back.
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Air India Qualified Bidder List Likely In FY20, Says Secretary
"We are hopeful of bids from both domestic and overseas players. During our roadshows, we saw interest from many investors in Air India, which included other airlines. They may bid in consortium. That's why the consortium conditions have been made flexible and mergers allowed, which means we have given them the option of restructuring the airline,"...
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Government To Start Air India Roadshows In Singapore This Week: Report
The national carrier has a debt of Rs 57,000 crore and the bids will be invited for 100 per cent stake.
-
Centre, RSS Meet May Look At Air India Stake Sale, Fuel Price Rise
The disinvestment of the debt-ridden state-run carrier Air India and runaway fuel price rise are likely to be discussed in the coordination meeting between the RSS, the BJP and the centre on Tuesday. BJP president Amit Shah, finance and railway minister Piyush Goyal and civil aviation minister Suresh Prabhu are among top BJP leaders who are likely ...
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Bird Group Shows Interest In Acquiring Air India Unit
The Union Cabinet had given its in-principle approval for strategic disinvestment of Air India and its five subsidiaries in July this year.
-
No 'Distress Sale' For SAIL Units: Steel Secretary
Earlier, the government had given in-principle approval to strategic disinvestment of SAIL's Bhadrawati, Salem and Durgapur alloy steel plants.
-
Strategic Sale Won't Be Confined to Loss Making PSUs: Government
The government will soon come outwith a policy on strategic sale of state-owned companies andthe disinvestment will not be confined to loss-makingenterprises.
-
Government Says Disinvestment Target Should Not Be Confined to Dates
Global volatility in capital and currency markets has derailed the Rs 69,500-crore PSU stake sale programme for the year, but the government will go ahead with prudent and timely disinvestments, a target for which should not be just confined to dates, a top official has said.
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Strategic Stake Sale Policy Soon: Secretary
NDA government had set up the first disinvestment commission in 1999.
