Search Results for: disinvestment

Must sell now: Fall in direct tax collection hastens urgency of privatisation

A 17% shortfall in October direct tax collection at Rs 50,715 crore may jeopardize government spending and worsen liquidity issues plaguing the economy if divestment drive slackens.

Nov 26, 2019

Disinvestment drive: Big ticket strategic sale of BPCL, 4 other PSUs

FM Nirmala Sitharaman said that while the Centre will strategically disinvest BPCL, SCI and CONCOR, it will sell its entire stake in THDC India Ltd and NEEPCO to another state-run power major, NTPC.

Nov 21, 2019

Govt collects Rs 12,995.46 crore through disinvestment deals; target Rs 1.05 lakh crore

The government is looking to divest up to 25 per cent stake in another railway subsidiary - RailTel Corporation - through an IPO.

Nov 10, 2019

Chairman and Managing Director Air India, Ashwani Lohani (C) stands with the pilots and crew members of an all-women Air India

Air India CMD Ashwani Lohani's pens open letter, says 'airline will protect workers' interests'

CMD Ashwani Lohani has told Air India's staff that the management shares their concerns and is taking necessary steps to protect their interests, even as the employees' unions are planning to protest against the government's disinvestment move.

Nov 8, 2019

The Air India plane flying the inaugural trip from Lucknow,

Government agrees to repay half of Air India's debt to attract buyers

The Centre may go for the complete exit from Air India along with cutting down working capital and allowing future owners to fire employees a year after divestment.

Oct 18, 2019

Air India pilots resign en masse over promotion, salary demands

Around 120 Airbus A-320 pilots tendered their resignation after their demand for salary revision and promotion was ignored by Air India management.

Oct 14, 2019

Top politicians' names emerge in D-company deals, ED probes links

The ED officials are questioning two aides of late drug kingpin Iqbal Mirchi, on their links with politicians and builders.

Oct 13, 2019

Pay dues or will cut fuel supply by Oct 18: Oil companies warn Air India

The oil marketing companies had earlier said in August that the national carrier owed Rs 5,000 crore in unpaid fuel bills with payments being delayed by almost eight months.

Oct 11, 2019

From missile systems to SPS: PM Modi's new aircraft Boeing 777 to be operated by IAF pilots

Four to six pilots have already been trained by the Air India for the operation.

Oct 10, 2019

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Will there be any taker for Air India as 100% stake sale proposal sweetens deal?

Finance Minister Nirmala Sitharaman hopes to raise Rs 1.05 lakh crore from once-shelved Air India stake sale while struggling to make up the Rs 1.45-lakh-crore largesse lost to a corporate tax cut amid worsening revenue account deficit.

Oct 9, 2019

PSU stake sales may be placed for Cabinet nod in Nov-end

BPCL holds the key as the government, with just Rs 12,357 crore sell-off proceeds so far, is far away from the ambitious target of Rs 1.05 lakh crore.

Oct 6, 2019

Modi govt plans another round of PSU stake sale to recover loss from tax bonanza

Centre may also opt for using buffer, which means a slight deviation from the target, and then close the deficit again once the economy is back on a high growth track.

Sep 24, 2019

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Air India disinvestment: Government may keep working capital debt out of the deal

The airline industry showed cold shoulders to earlier government's proposal to sell 76 per cent stake in Air India as no foreign players wanted the government having owned 24 per cent after divestment.

Sep 18, 2019

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Massive Coal India recruitment move brings cheer amid slowdown, divestment gloom

India's second-largest employer is offering 9,000 openings; 4,000 people will be recruited to fill up executive posts and the rest will be technical and non-technical staff.