IDBI Bank to continue primary dealer business even if foreign bank acquires majority stake
As part of the primary dealer activity, IDBI Bank is involved in market making activities in respect of G-Secs, including T-bills. IDBI's treasury actively participates in primary auction of government bonds.
Dec 07, 2022, 11:41 AM IST
‘Disinvestment not for shutting down public firms,’ says FM Sitharaman
Nirmala Sitharaman said that public sector enterprises which were privatised between 1994 and 2004 are being driven by professionally run boards.
Jun 10, 2022, 18:38 PM IST
PM Narendra Modi to address global investors on privatisation, asset monetisation today
The government of India has set a Budget target of Rs 65,000 crore from CPSE disinvestment/privatisation in the next fiscal beginning April 1.
Mar 09, 2022, 07:18 AM IST
Centre extends HLL Lifecare bid submission deadline till March 14
The Department of Investment and Public Asset Management had initially on December 14 invited preliminary bids for selling the government's 100 per cent stake in the health sector CPSE.
Feb 27, 2022, 12:34 PM IST
Centre puts on sale MTNL, BSNL assets at base price of Rs 970 crore
BSNL properties located in Hyderabad, Chandigarh, Bhavnagar and Kolkata have been posted for sale.
Nov 20, 2021, 22:22 PM IST
Air India net loss reduces to Rs 3,643 crops profit rises in 2016-17
Against the backdrop of the Cabinet Committee on Economic Affairs (CCEA) last month giving its in-principle approval for Air India's strategic disinvestment, Sinha today responded to various queries related to the airline by way of written replies to the Rajya Sabha
Jul 18, 2017, 18:35 PM IST
PSUs to soon undergo strategic stake sale
After 12-year hiatus, government is set to revive strategic sale of state-owned companies with the Cabinet likely to consider shortly the outright sale of stake in over a dozen PSUs including the profit making ones.
Oct 22, 2016, 13:19 PM IST
Government's divestment kitty to swell by Rs 16,000 crore
With at least one buy-back announcement from PSUs every month, the government is expected to garner over Rs 16,000 crore in its disinvestment kitty over the next couple of months.
Aug 07, 2016, 16:16 PM IST
NITI Aayog to submit PSU strategic sale roadmap this month
NITI Aayog will submit a blueprint for divesting government's stake in some PSUs and strategic sale of those that have been sick for a long time by this month.
Apr 03, 2016, 12:17 PM IST
DIPAM, NITI hold first meeting for selecting PSUs for sale
Setting the ball rolling on strategic sale of state-owned companies, DIPAM and NITI Aayog have started discussions to identify the PSUs that can be sold outright during the next fiscal.
Mar 06, 2016, 13:20 PM IST
Disinvestment Dept renamed to Department of Investment and Public Asset Management
Government Monday said PSUs will now have to monetise their idle assets for new investments, while renaming the Department of Disinvestment to Department of Investment and Public Asset Management (DIPAM).
Feb 29, 2016, 14:25 PM IST
