disinvestment

Government to sell 10.82 percent stake in SAIL


July 20th, 2012 - 2:56 pm ICT by IANS
New Delhi, July 20 (IANS) The government has decided to sell 10.82 percent stake in the Steel Authority of India Limited (SAIL) through auction, which is estimated to fetch ... Read more...

Posted in Business |

Government seeks asset valuer to sell Tyre Corporation of India


April 20th, 2012 - 9:52 pm ICT by IANS
New Delhi, April 20 (IANS) The government Friday fast-tracked the sale of sick public sector undertaking Tyre Corporation of India (TCIL) saying it intends to appoint an asset valuer ... Read more...

Posted in Business |

Kanoria Chemicals to acquire Switzerland-based firm


April 20th, 2012 - 9:49 pm ICT by IANS
New Delhi, April 20 (IANS) Kanoria Chemicals and Industries Limited (KCI) Friday said it would acquire APAG Holding AG, the Switzerland-based holding company of its wholly owned subsidiary APAG Elektronik ... Read more...

Posted in Business |

Budget has welcome and avoidable features: Karunanidhi


March 16th, 2012 - 11:54 pm ICT by IANS
Chennai, March 16 (IANS) DMK president M. Karunanidhi Friday described the budget as a mix of welcome and avoidable features, adding that its efficacy in improving the living standards ... Read more...

Posted in Politics |

Government to raise Rs.30,000 crore from disinvestment


March 16th, 2012 - 6:35 pm ICT by IANS
New Delhi, March 16 (IANS) After being unable to mop up even half the targeted amount in the current fiscal, Finance Minister Pranab Mukherjee Friday proposed to raise Rs.30,000 ... Read more...

Posted in Business |

Bids worth Rs.12,766.75 crore received for ONGC shares


March 2nd, 2012 - 8:48 pm ICT by IANS
New Delhi, March 2 (IANS) The government Friday said it has received valid bids worth Rs.12,766.75 crore for divesting its five percent stake in the Oil and Natural Gas ... Read more...

Posted in Uncategorized |

Trade union strike: Normal life hit in Odisha


February 28th, 2012 - 1:36 pm ICT by IANS
Bhubaneswar, Feb 28 (IANS) Normal life was disrupted across Odisha Tuesday as a large number of vehicles went off the roads and movement of several trains and private transport was ... Read more...

Posted in Business |

EGoM fails to decide on ONGC, BHEL stake sales


February 15th, 2012 - 5:44 pm ICT by IANS
New Delhi, Feb 15 (IANS) The government stumbled in its effort to meet the target of raising Rs.40,000 crore through stake sale in state-owned firms this fiscal as an ... Read more...

Posted in Business |

Left Front backs trade unions’ Nov 8 protest


October 29th, 2011 - 11:27 pm ICT by IANS
Kolkata, Oct 29 (IANS) West Bengal's opposition Left Front Saturday extended its support to the countrywide "jail bharo" agitation of central trade unions Nov 8.The Left Front appealed to the ... Read more...

Posted in Politics |

No disinvestment in Air India: Minister


October 20th, 2011 - 6:18 pm ICT by IANS
New Delhi, Oct 20 (IANS) Civil Aviation Minister Vayalar Ravi Thursday said the government was not considering selling its stake in the national carrier Air India."There is no such ... Read more...

Posted in Business |

PM must come under Lokpal: Tripura chief minister


August 23rd, 2011 - 8:10 pm ICT by IANS
Agartala, Aug 23 (IANS) Tripura Chief Minister Manik Sarkar Tuesday asserted that the prime minister must be included within the ambit of the proposed Lokpal bill."Prime minister must be included ... Read more...

Posted in Politics |

PSU stake sale only when markets right: Mukherjee


August 19th, 2011 - 9:47 pm ICT by IANS
New Delhi, Aug 19 (IANS) Finance Minister Pranab Mukherjee Friday said the government would sell its stake in the public sector undertakings (PSUs) only when market conditions were favourable."We ... Read more...

Posted in Uncategorized |

Bank unions to strike Friday


August 3rd, 2011 - 10:55 pm ICT by IANS
Chennai, Aug 3 (IANS) Around 10 lakh state-run, private sector and foreign bank employees will go on strike Friday to protest against disinvestment by the government in public sector banks, ... Read more...

Posted in Uncategorized |

BHEL’s net profit rises 46.52 percent


May 23rd, 2011 - 8:50 pm ICT by IANS
Mumbai, May 23 (IANS) State-owned Bharat Heavy Electricals Ltd (BHEL) Monday said its net profit for the quarter ending March 31 had risen 46.52 percent. It said it planned to ... Read more...

Posted in Business |

Scooters India’s disinvestment approved


May 19th, 2011 - 3:36 pm ICT by IANS
New Delhi, May 19 (IANS) The government Thursday said it will sell its entire 95 percent stake in the loss-making auto firm Scooters India Ltd, maker of the iconic ... Read more...

Posted in Business |

Manmohan Singh hopes to introduce Lokpal Bill in Monsoon Session


April 21st, 2011 - 1:54 pm ICT by ANI
New Delhi, Apr 21 (ANI): The Prime Minister, Dr. Manmohan Singh, on Thursday said the UPA Government hoped to introduce the anti-graft Lokpal Bill in the Monsoon Session of the Parliament ... Read more...

Posted in National |

MMTC stake sale next fiscal: Khullar


December 8th, 2010 - 8:04 pm ICT by IANS
New Delhi, Dec 8 (IANS) The government will divest its stake in the Minerals and Metals Trading Corp (MMTC) next fiscal through a follow on public offer, Commerce Secretary Rahul Khullar said ... Read more...

Posted in Business |

Staff can seek details of company’s disinvestment: court


December 6th, 2010 - 5:19 pm ICT by IANS
Gandhinagar, Dec 6 (IANS) Years after the disinvestment of the Indian Petrochemicals Corporation Limited (IPCL), the Gujarat High Court has upheld the right of its employees to seek details of an agreement ... Read more...

Posted in Business |

Disinvestment department gets new website


December 1st, 2010 - 9:16 pm ICT by IANS
New Delhi, Dec 1 (IANS) Finance Minister Pranab Mukherjee Wednesday launched the new website of the disinvestment department that contains details of 49 listed public sector undertakings and the government guidelines ... Read more...

Posted in Business |

BJP like a drama company on corruption issues: Congress


November 30th, 2010 - 8:34 pm ICT by IANS
New Delhi, Nov 30 (IANS) The Congress Tuesday accused the Bharatiya Janata Party (BJP) of double standards and "crass hypocrisy" on issues of corruption and listed a number of alleged irregularities ... Read more...

Posted in Politics |

Coal India IPO sees FII inflow surpassing total inflow in equities


October 21st, 2010 - 4:52 pm ICT by IANS
Mumbai, Oct 21 (IANS) The initial public offering (IPO) from Coal India has attracted foreign inflows of around Rs.1.2 trillion from overseas funds, more than the total influx of such money in ... Read more...

Posted in Business |

Coal India IPO subscribed 34 percent, employee quota may go abegging (Lead)


October 18th, 2010 - 8:09 pm ICT by IANS
Mumbai/Kolkata, Oct 18 (IANS) State-run Coal India's $3.5 billion dollar initial public offering (IPO), the biggest in the history of Corporate India, was subscribed up to 34 percent on opening day Monday, ... Read more...

Posted in Business |

Kin of firm’s dead employee ineligible for share allocation: Court


October 7th, 2010 - 8:23 pm ICT by IANS
Gandhinagar, Oct 7 (IANS) The Gujarat High Court has dismissed a petition filed by the family members of an employee of a company seeking allotment of shares that she was entitled to ... Read more...

Posted in Business |

Shipping Corporation expects to file DRHP this quarter


October 6th, 2010 - 6:12 pm ICT by IANS
Kolkata, Oct 6 (IANS) State-owned Shipping Corporation of India expects to file the draft red herring prospectus (DRHP) for its issue of fresh equity and part disinvestment of government stake within the ... Read more...

Posted in Business |

Disinvestment in Manganese ORE establishment approved


September 9th, 2010 - 5:09 pm ICT by ANI
New Delhi, Sep 9 (ANI): The Cabinet Committee on Economic Affairs (CCEA) today approved the disinvestment of ten per cent of total paid up equity of Manganese ORE (India) Ltd. (MOIL) out ... Read more...

Posted in National |

All-India shutdown call by trade unions: Bengal, Kerala worst hit


September 7th, 2010 - 12:30 pm ICT by ANI
New Delhi, Sep 7 (ANI): Nine major trade unions have called for a 24-hour long nationwide shutdown today.The strike has been called by the INTUC, CITU and other seven Central Trade ... Read more...

Posted in National |

Tide Water Oil FPO after government confirms Andrew Yule stake


September 3rd, 2010 - 5:44 pm ICT by IANS
Kolkata, Sep 3 (IANS) Tide Water Oil Co (India) would decide on a follow-on public offer (FPO) only after the government formally confirms that the state-owned Andrew Yule & Co will not ... Read more...

Posted in Business |

Indian Bank seeks partners for merchant banking and MF business


July 25th, 2010 - 2:45 pm ICT by IANS
Chennai, July 25 (IANS) Indian Bank is in the process of inducting partners for its merchant banking and mutual fund arms and merging the housing finance outfit with itself, a top official ... Read more...

Posted in Business |

Public Offer for PGCIL shares approved


July 22nd, 2010 - 4:26 pm ICT by ANI
New Delhi, July 22 (ANI): The Cabinet Committee on Economic Affairs on Thursday approved the Follow-on Public Offer (FPO) of Power Grid Corporation of India Limited (PGCIL) of 84,17,68,246 equity shares of ... Read more...

Posted in National |

Government considering disinvestment in ONGC, IOC


July 15th, 2010 - 10:04 pm ICT by IANS
New Delhi, July 15 (IANS) Petroleum Secretary S. Sundareshan Thursday indicated that the government was looking at offloading some of its share in ONGC and Indian Oil Corporation. "Absolutely. It is an interesting ... Read more...

Posted in Business |

Lack of independent directors in PSEs a hurdle: Sumit Bose


July 2nd, 2010 - 6:09 pm ICT by IANS
Kolkata, July 2 (IANS) Lack of enough independent directors in the boards of public sector enterprises (PSE) is a hindrance in listing those in the bourses, Disinvestment Secretary Sumit Bose said here ... Read more...

Posted in Business |

Maoist shutdown hits three West Bengal districts


June 30th, 2010 - 5:29 pm ICT by IANS
Kolkata, June 30 (IANS) Normal life was partially affected in Maoist pockets of three West Bengal districts on the first day of a two-day shutdown called by Leftwing ultras in five states ... Read more...

Posted in Politics |

CPI-M admits veering away from the poor


June 28th, 2010 - 12:40 am ICT by IANS
Kolkata, June 27 (IANS) West Bengal's ruling Communist Party of India-Marxist (CPI-M) Sunday admitted that it had got alienated from the poorer sections of society and said it had to tread cautiously ... Read more...

Posted in Politics |

State police not doing enough to check coal theft: Minister


June 18th, 2010 - 9:14 pm ICT by IANS
Lucknow, June 18 (IANS) Minister of State for Coal Sriprakash Jaiswal Friday accused the police of coal producing states of remaining "mute spectators" and not doing enough to check theft of coal ... Read more...

Posted in Business |

Apex court to hear plea against sugar mills’ privatisation


May 27th, 2010 - 8:24 pm ICT by IANS
New Delhi, May 27 (IANS) The Supreme Court will hear Friday a petition challenging the Uttar Pradesh government's decision to privatise 11 operating sugar mills under the control of the Uttar Pradesh ... Read more...

Posted in Business |

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