Divestment

IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter.

The government had set a disinvestment target of Rs 65,000 crore for the fiscal year 2022-23. However, it failed to meet the target and could raise only Rs 31,106.4 crore. All eyes are now on the Union Budget 2023 to know the government's divestment plans for the next fiscal and how it will utilise its stakes in public sector undertakings.

Kotak Institutional Equities believes the government would look to raise money by divesting further stakes in Life Insurance Corporation, Shipping Corporation of India and exiting holdings of Specified Undertaking of UTI.

TikTok could face a ban in the US, as lawmakers unveiled bipartisan legislation aimed at banning the Chinese video sharing app. The US is concerned that TikTok, which is owned by ByteDance, could be used to spy on 200 million American users and censor content on the popular social media app.

One97 Communications, Paytm's parent firm's shares on Friday ended over 1 percent higher, a day after falling sharply. In morning trade, the stock had declined over 2 percent after SoftBank divested 4.5 percent stake in the firm for Rs. 1,631 crore through an open market transaction. The stock dipped 2.23 percent to Rs. 527.50 during the day on th...

Paytm parent One97 Communications' shares fell as much as 10 percent on Thursday after a report that SoftBank would sell Paytm shares with $215 million (roughly Rs. 1,755 crore). The stock is being sold in a range of Rs. 555 to Rs. 601.45 per share, and the sale is the latest in a string of divestments that SoftBank has made in the past few months...

Public sector firm WAPCOS Ltd has filed preliminary papers with capital markets regulator Sebi to float an Initial Public Offering.

Pastel Ltd, an entity of Singtel, on Thursday divested 1.59 per cent stake in Bharti Airtel for Rs 7,261 crore through an open market transaction.

Pastel, an entity of Singtel, on Thursday divested 1.59 percent stake in Bharti Airtel for Rs. 7,261 crore through an open market transaction. The stake has been picked by Bharti Airtel's promoter Bharti Telecom, as per block deal data with the National Stock Exchange (NSE). According to the data, Pastel offloaded 9,40,00,000 shares, amounting to 1...

Another FII divestment? Disney likely to offload 10% stake in Tata Play.

IndiGo Airlines co-promoter Rakesh Gangwal and his wife on Thursday divested 2.74 per cent stake in the parent company InterGlobe Aviation for Rs 2,005 crore through open market transactions.

GMR Group on Friday said it will divest its entire 40 per cent stake in Cebu international airport in Philippines for an upfront payment of Rs 1,330 crore as well as earnouts to be received over a period of more than four years.

India's government will have another look at plans for the divestment of Bharat Petroleum Corp Ltd (BPCL) after the state-run refiner completes the planned expansion of some project.

India's government will have another look at plans for the divestment of Bharat Petroleum Corp Ltd (BPCL) after the state-run refiner completes the planned expansion of some project.

The Cabinet on Wednesday empowered boards of state-owned companies to decide on the closure and divestment of units/subsidiaries.

IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter.

The government had set a disinvestment target of Rs 65,000 crore for the fiscal year 2022-23. However, it failed to meet the target and could raise only Rs 31,106.4 crore. All eyes are now on the Union Budget 2023 to know the government's divestment plans for the next fiscal and how it will utilise its stakes in public sector undertakings.

Kotak Institutional Equities believes the government would look to raise money by divesting further stakes in Life Insurance Corporation, Shipping Corporation of India and exiting holdings of Specified Undertaking of UTI.

TikTok could face a ban in the US, as lawmakers unveiled bipartisan legislation aimed at banning the Chinese video sharing app. The US is concerned that TikTok, which is owned by ByteDance, could be used to spy on 200 million American users and censor content on the popular social media app.

One97 Communications, Paytm's parent firm's shares on Friday ended over 1 percent higher, a day after falling sharply. In morning trade, the stock had declined over 2 percent after SoftBank divested 4.5 percent stake in the firm for Rs. 1,631 crore through an open market transaction. The stock dipped 2.23 percent to Rs. 527.50 during the day on th...

Paytm parent One97 Communications' shares fell as much as 10 percent on Thursday after a report that SoftBank would sell Paytm shares with $215 million (roughly Rs. 1,755 crore). The stock is being sold in a range of Rs. 555 to Rs. 601.45 per share, and the sale is the latest in a string of divestments that SoftBank has made in the past few months...

Public sector firm WAPCOS Ltd has filed preliminary papers with capital markets regulator Sebi to float an Initial Public Offering.

Pastel Ltd, an entity of Singtel, on Thursday divested 1.59 per cent stake in Bharti Airtel for Rs 7,261 crore through an open market transaction.

Pastel, an entity of Singtel, on Thursday divested 1.59 percent stake in Bharti Airtel for Rs. 7,261 crore through an open market transaction. The stake has been picked by Bharti Airtel's promoter Bharti Telecom, as per block deal data with the National Stock Exchange (NSE). According to the data, Pastel offloaded 9,40,00,000 shares, amounting to 1...

Another FII divestment? Disney likely to offload 10% stake in Tata Play.

IndiGo Airlines co-promoter Rakesh Gangwal and his wife on Thursday divested 2.74 per cent stake in the parent company InterGlobe Aviation for Rs 2,005 crore through open market transactions.

GMR Group on Friday said it will divest its entire 40 per cent stake in Cebu international airport in Philippines for an upfront payment of Rs 1,330 crore as well as earnouts to be received over a period of more than four years.

India's government will have another look at plans for the divestment of Bharat Petroleum Corp Ltd (BPCL) after the state-run refiner completes the planned expansion of some project.

India's government will have another look at plans for the divestment of Bharat Petroleum Corp Ltd (BPCL) after the state-run refiner completes the planned expansion of some project.

The Cabinet on Wednesday empowered boards of state-owned companies to decide on the closure and divestment of units/subsidiaries.