Search Results for: disinvestment

Govt may examine asset or stake sale in 80 PSUs

To expedite stake sale, the government will exempt buyers from getting some clearances, said an Economic Times report.

Mar 3, 2016

Budget 2016: FM Arun Jaitley almost halves disinvestment target to Rs 36,000 crore for FY2017

The target was Rs 69,500 crore for FY2016, of which the government could garner about Rs 18,300 crore till Feb.29.

Feb 29, 2016

Arun Jaitley hints at privatisation of IDBI Bank, stock gains 16%

The government currently holds 80 percent stake in the bank.

Feb 29, 2016

UltraTech buys Jaypee's cement business for Rs 16,500 crore

The deal will enhance UltraTech's cement manufacturing capacity to 90.7 million tonnes per annum and provide access to new markets in India.

Feb 28, 2016

Rail Budget 2016: Will Suresh Prabhu announce listing of railway PSUs?

There are six unlisted companies managed by Indian Railways, most of them profit-making.

Feb 23, 2016

NTPC shares fall after government announces 5% stake sale

The Narendra Modi government plans to raise about Rs 5,000 crore from this sale, based on the floor price of Rs 122 per share.

Feb 23, 2016

Budget 2016: Here's how govt's receipts and expenditure may look like in FY17

Gross tax revenues to go up 14.9 percent in fiscal 2017, but disinvestment target would be halved to Rs 30,000 crore, says SBI.

Feb 22, 2016

Budget 2016 will be 'run of the mill', says analyst

Higher expenditure due to implementation of salary and pension schemes leave little scope for capex, says Nomura.

Feb 19, 2016

Rupee closes at 68.30, near all-time low of 68.85 to the US dollar

On Aug.28, 2013, the rupee fell to a new depth and recorded its biggest single-day fall since October 1995.

Feb 11, 2016

Govt set to miss FY16 disinvestment target due to weak market conditions

The government may increase duties and ask for higher dividends from PSUs while try to meet the shortfall in disinvestment.

Feb 8, 2016

Budget 2016: MPs want income tax exemption limit for individuals to be raised to Rs 4 lakh

The suggestion was made at the first meeting of the consultative committee attached to the union finance ministry on Friday.

Feb 6, 2016

Supreme Court restrains Centre from selling residual stake in Hindustan Zinc

The apex court questioned the decision to sell stake in a company that deals with strategic minerals.

Jan 19, 2016

Birla Corp may acquire Reliance cement business in Rs 5,000-crore deal

Birla Corp is perhaps the only potential buyer engaged in advanced talks with Reliance Infra cement company.

Jan 11, 2016

Excise duty on petrol, diesel prices to be hiked again before March: Report

The government has already increased excise duty on petrol and diesel thrice in the past two months.

Jan 9, 2016

Sensex, Nifty end with huge losses following Chinese stock market crash

IRB Infra gained about 4.8% on news that the company has won a Rs 10,000 crore National Highway project.

Jan 4, 2016

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