Centre likely to sell 28 per cent stake in BEML through strategic disinvestment
The government currently holds a 54% stake in engg company, BEML, of which it may sell 28%.
Air India needs to survive till it is sold, says Lohani as airline runs almost out of funds
The airline had on Monday asked the govt for an i...
Govt to sell 100% stake in Air India as part of disinvestment
The government has decided to sell its entire 100 per cent stake in Air India u...
Brokers want dividend tax to go, also seek relief on STT & LTCG
Brokers’ body says steps to boost volumes will help govt increase its revenue.
Disinvestment of Air India should improve competition within the aviation sector: IATA official
Moreover, the official said that the Jet Airways' bankruptcy - which happened in April this year - does raise questions on the sustainability of the Indian aviation sector.
Govt to sell 100% stake in Air India, says Union minister Hardeep Singh Puri
"AISAM has approved the 100 per cent sale of Government of India stake in Air India for the re-initiated strategic disinvestment of Air India," Minister of State for Civil Aviation Hardeep Singh Puri said in a written reply to the Lok Sabha. The national carrier, which has a debt burden of more than Rs 50,000 crore, has been making loss for long and as part of revival efforts, the government has decided on disinvestment.
Next set of reforms could be on supply-side: Radhika Rao
Radhika Rao, Senior Vice-President & Economist at DBS Bank, says Indian economy is unlikely to see a V-shaped recovery. In an interview with...
DIPAM ropes in L&L Partners as legal advisor for Concor divestment
The government holds 54.8 per cent stake in Concor, which comes under the railways ministry.
Non-compliance of government directives by CPSEs led to shortfall of Rs 9,417 crore in dividend: CAG
As per the norms, all profit-making central public sector undertakings (CPSUs) are required to declare a minimum dividend on equity of 20 per cent or a minimum dividend payout of 20 per cent of after-tax profit, whichever is higher, subject to availability of disposable profi
Reforms necessary to enhance productivity, unshackle entrepreneurial spirits: K V Subramanian
Subramanian also said there has been a change in stance in government policy with regard to the disinvestment and that is why companies such as Bharat Petroleum are being privatised.
Financial, consumer and pharma stocks to drive market over next 2 years: Mahesh Patil
The midcap index has started to relatively outperform a bit but it is still early days.
RBI caught between the devil & the deep sea: Can it still gratify markets?
Foreign investors simply cannot ignore the high real rates that Indian bonds have to offer.
Government set to close loss-making PSUs
“There are several cases where the disinvestment process has been going for years. There is very little interest in some of the companies. Keeping all these factors in mind, it has been decided that wherever buyer interest is muted we will recommend for closure of the unit,” said an official, who did not wish to be quoted.
Middle class may gain from lower tax rates in Budget FY21
Sources said that the Budget 2020-21 will take the sops announced in the pre-election interim budget further by changing the personal income tax rates for the salaried in lower and middle income groups. This may be done through changes in the tax slabs.
Government raises Rs 2.79 lakh crore through divestment in last 5 years
The Minister said that the government follows a policy of disinvestment through minority stake sale and strategic disinvestment. So far, the government has given 'in-principal' approval for strategic disinvestment of 33 central public sector undertakings (CPSEs).
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