divestment

Employees Provident Fund approves Reliance-Nippon stake deal


August 7th, 2012 - 6:27 pm ICT by IANS
New Delhi, Aug 7 (IANS) The Employees Provident Fund Organisation (EPFO) Tuesday gave its nod to the 26 percent stake sale by Reliance Capital Asset Management Company to Japan's Nippon ... Read more...

Posted in Business |

HAL not meeting expectations of air force: Minister


March 2nd, 2012 - 10:05 pm ICT by IANS
Bangalore, March 2 (IANS) The state-run Hindustan Aeronautics Ltd. (HAL) was not meeting the expectations of the Indian Air Force (IAF) as it was not completing orders in time, Minister ... Read more...

Posted in Uncategorized |

Government allows state-owned firms to buy back shares


March 1st, 2012 - 8:07 pm ICT by IANS
New Delhi, March 1 (IANS) India Thursday allowed state-owned companies to buy back their own shares from the government as part of a strategy to raise a substantial amount ... Read more...

Posted in Business |

Revised disinvestment target in November: Official


October 1st, 2011 - 7:10 pm ICT by IANS
Kolkata, Oct 1 (IANS) The central government will come up with a revised disinvestment target and determine the revised number of public sector enterprises whose stake will be divested in ... Read more...

Posted in Business |

Don’t disinvest in HAL, says CPI-M


September 19th, 2011 - 4:49 pm ICT by IANS
New Delhi, Sep 19 (IANS) The CPI-M Monday asked the government to reverse its move to disinvest 10 percent of shares in Hindustan Aeronautics Ltd (HAL) and asked it not ... Read more...

Posted in Business |

Future Group to exit non-core business


September 16th, 2011 - 8:26 pm ICT by IANS
New Delhi, Sep 16 (IANS) Retail chain Future Group Friday said it would consider exiting non-core business to lower debt and fund its growth plans.The company will divest its stake ... Read more...

Posted in Business |

5 percent equity divestment in BHEL cleared


August 30th, 2011 - 11:23 pm ICT by IANS
New Delhi, Aug 30 (IANS) The Cabinet Committee on Economic Affairs Tuesday approved disinvestment of five percent paid up equity in Bharat Heavy Electricals Limited (BHEL), a public sector ... Read more...

Posted in Business |

10 percent NBCC divestment okayed


August 11th, 2011 - 11:41 pm ICT by IANS
New Delhi, Aug 11 (IANS) The government Thursday approved divestment of 10 percent of its equity holding in state-run construction and engineering firm National Buildings Construction Corporation Limited (NBCC).In a ... Read more...

Posted in Business |

Only fresh equity, not spectrum, sold by phone firms: Chidambaram


July 25th, 2011 - 6:03 pm ICT by IANS
New Delhi, July 25 (IANS) Home Minister P. Chidambaram Monday said as finance minister in 2007 he had only examined if private telecom firms Swan and Unitech were inducting ... Read more...

Posted in Uncategorized |

Brazilian firm approves $225 bn investment plan through 2015


July 24th, 2011 - 12:26 pm ICT by IANS
Rio de Janeiro, July 24 (IANS/EFE) Brazilian state-controlled energy giant Petrobras has approved $224.7 billion in investment outlays for the 2011-15 period.The majority - $127.5 billion - will be allocated ... Read more...

Posted in Business |

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 |

Government to put Scooters India on the block (Lead)


May 19th, 2011 - 5:57 pm ICT by IANS
New Delhi, May 19 (IANS) The government Thursday said it will sell its entire 95 percent stake in loss-making two- and three-wheeler manufacturer Scooters India Ltd, maker of the ... Read more...

Posted in Business |

3i Infotech to sell US unit for $137 mn


May 16th, 2011 - 1:59 pm ICT by IANS
Mumbai, May 16 (IANS) Indian software services firm 3i Infotech Monday said it had signed an agreement to sell its US-based global billing and payments unit for $137 million to ... Read more...

Posted in Business |

GMR Infrastructure divests stake to Chinese company


April 12th, 2011 - 5:42 pm ICT by IANS
New Delhi, April 12 (IANS) GMR Infrastructure Tuesday said it had completed the divestment of 50 percent stake in power generation firm InterGen to China's Huaneng Group for over $1.2 ... Read more...

Posted in Business |

Outgoing Soota not to divest MindTree stake for now


March 25th, 2011 - 12:07 am ICT by IANS
Bangalore, March 24 (IANS) Outgoing MindTree executive chairman Ashok Soota late Thursday clarified that he had no immediate plans to divest his 11.57 percent stake in the company."I have no ... 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 |

Government to divest 20 percent in MOIL


September 9th, 2010 - 6:00 pm ICT by IANS
New Delhi, Sep 9 (IANS) The government Thursday decided to divest 10 percent of its 81.57 percent stake in Manganese Ore (India) Ltd (MOIL), a mini ratna enterprise. The decision was taken ... Read more...

Posted in Business |

India Inc says nationwide strike ill-timed, hit sentiments


September 7th, 2010 - 8:21 pm ICT by IANS
New Delhi, Sep 7 (IANS) The day-long nation-wide strike by trade unions Tuesday has been severely criticised by India Inc, as it has caused losses worth several thousand crores of rupees, and ... Read more...

Posted in Business |

Bank, insurance employees to join Sep.7 all India strike


August 23rd, 2010 - 9:36 pm ICT by IANS
Mumbai, Aug 23 (IANS) Banking activities across the country could be affected Sep. 7 as employees of state-run banks have threatened to join the day-long general strike called to highlight issues affecting ... Read more...

Posted in Business |

Power Grid gets go ahead for 20 percent public offer


July 22nd, 2010 - 2:35 pm ICT by IANS
New Delhi, July 22 (IANS) India Thursday gave its nod for a follow-on public issue of the state-run Power Grid Corp constituting 20 percent of its paid-up capital. Of this, 10 ... Read more...

Posted in Business |

Nod for 10 percent divestment in Coal India, Hindustan Copper (Lead)


June 15th, 2010 - 3:20 pm ICT by IANS
New Delhi, June 15 (IANS) The government Tuesday approved 10 percent divestment of its shares in Coal India and allowed another state-run company Hindustan Copper to issue 10 percent fresh equity ... Read more...

Posted in Business |

Nod for divestment in Coal India, Hindustan Copper


June 15th, 2010 - 1:14 pm ICT by IANS
New Delhi, June 15 (IANS) The government Tuesday approved 10 percent divestment of its shares in Coal India and allowed another state-run firm Hindustan Copper to issue 10 percent equity to ... Read more...

Posted in Business |

Italian gas company in Iran threatened with US sanctions


April 30th, 2010 - 12:32 pm ICT by IANS
Rome, April 30 (IANS/AKI) Italy's largest energy company has said it will end its role as lead developer of a natural gas field in Iran after the US threatened to impose sanctions ... Read more...

Posted in Business |

Revenues from 3G auction may touch Rs.45,000 crore: Raja


April 21st, 2010 - 3:33 pm ICT by IANS
New Delhi, April 21 (IANS) The government hopes to net around Rs.45,000 crore from the ongoing auctions to award radio frequency spectrum for third generation (3G) telecom services and for rolling ... Read more...

Posted in Business |

BSNL staff call off strike on government assurance (Lead)


April 20th, 2010 - 7:15 pm ICT by IANS
New Delhi, April 20 (IANS) Employees and executives of Bharat Sanchar Nigam Ltd (BSNL) Tuesday called off their indefinite strike after the government assured them that plans for disinvestment in ... Read more...

Posted in Business |

BSNL workers on strike against divestment


April 20th, 2010 - 3:12 pm ICT by IANS
New Delhi, April 20 (IANS) Over three lakh employees and executives of Bharat Sanchar Nigam Ltd (BSNL) Tuesday went on an indefinite strike protesting against the government's plan for divestment in ... Read more...

Posted in Business |

BSNL workers on indefinite strike from Tuesday


April 15th, 2010 - 5:42 pm ICT by IANS
New Delhi, April 15 (IANS) Telecom services of Bharat Sanchar Nigam Ltd (BSNL) will be affected from Tuesday next as 300,000 of its employees, including executives, will go on an indefinite ... Read more...

Posted in Business |

BSNL staff to go on indefinite strike from April 20


March 23rd, 2010 - 8:17 pm ICT by IANS
New Delhi, March 23 (IANS) Telecom services of Bharat Sanchar Nigam Ltd (BSNL) will be affected from April 20 as 300,000 of its employees, including executives, have decided to go on ... Read more...

Posted in Business |

No decision on Shipping Corp divestment: Minister


March 15th, 2010 - 4:36 pm ICT by IANS
New Delhi, March 15 (IANS) The government told parliament Monday that it hasn't decided on selling stake in the Shipping Corp of India (SCI), a state-run navratna. "As of now, we don't have ... Read more...

Posted in Business |

IPO of Coal India expected by August


February 20th, 2010 - 1:35 pm ICT by IANS
Kolkata, Feb 20 (IANS) Coal India Ltd (CIL) is expected to come out with its Initial Public Offer (IPO) of shares by August, a company official said. "We discussed the tentative timeline with ... Read more...

Posted in Business |

India will become 2nd largest steel maker by 2012: Virbhadra Singh (Interview)


February 10th, 2010 - 1:40 pm ICT by IANS
By Arvind Padmanabhan New Delhi, Feb 10 (IANS) India will become the world's second largest steel producer by 2012, more than doubling its capacity of 57 million tonnes as part of push being ... Read more...

Posted in Business |

Coal India plans to earmark 1 percent share for staff


February 9th, 2010 - 5:45 pm ICT by IANS
Kolkata, Feb 9 (IANS) Country's largest coal producer Coal India Ltd (CIL), which is planning to come out with its Initial Public Offering (IPO) of shares would be earmarking one percent of ... Read more...

Posted in Business |

NTPC’s public offer barely meets subscription target


February 6th, 2010 - 4:18 pm ICT by IANS
Mumbai, Feb 6 (IANS) The follow-on public offer of state-run power utility NTPC barely scraped through with the total subscription just 20 percent higher than the 412 million shares that were ... Read more...

Posted in Business |

Companies should hire CEOs from within to ensure long term success


January 21st, 2010 - 3:10 pm ICT by ANI
Washington, January 21 (ANI): Promoting someone from the inside as the CEO can be more useful to the company in the long run than hiring someone from outside, says a new study.Rice ... Read more...

Posted in Business |

Gulf NRIs air their problems, suggestions at diaspora meet


January 9th, 2010 - 7:41 pm ICT by IANS
New Delhi, Jan 9 (IANS) Taking overseas Indians into consideration in the government's divestment process and creating Islamic-finance friendly projects to attract Gulf investments were among the various suggestions overseas Indians ... Read more...

Posted in Business |

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