Govt to sell 10% stake in IOC to raise Rs 9,500 crore on Monday

Last Updated: Friday, August 21, 2015, 18:35

In the biggest disinvestment this fiscal, the government will on Monday sell a 10 percent stake in nation's largest oil firm IOC to raise about Rs 9,500 crore.

CITU protests Coal India disinvestment plan

Last Updated: Tuesday, August 18, 2015, 21:26

The Centre reportedly mulling disinvestment in the state-owned Coal India has triggered protest demonstrations by Left-backed CITU, even as the Congress-backed INTUC is yet to take a call on the matter.

Profit making PSUs may be asked to submit IPO plans to govt

Last Updated: Sunday, August 9, 2015, 11:58

Profit-making unlisted PSUs and their subsidiaries may have to submit listing plans while signing annual performance pacts with the government, a move aimed at helping the Centre garner resources and unlocking the value of many state-owned firms.

Govt mulls selling 3% stake in GAIL to raise Rs 1,800 crore

Last Updated: Tuesday, August 4, 2015, 15:14

The government plans to sell 3 percent stake in state-owned gas utility GAIL India which could fetch over Rs 1,300 crore to the exchequer.

DoD says Rs 30,000 cr more realistic target for disinvestment

Last Updated: Wednesday, July 29, 2015, 14:02

Asked to garner a massive Rs 69,500 crore this fiscal, the Department of Disinvestment has told Finance Ministry it may be able to raise only about Rs 30,000 crore given the volatile market conditions.

India's divestment deals on slow burner: DBS

Last Updated: Wednesday, July 29, 2015, 13:47

Progress on India's divestment front has been slow in the first four months of this fiscal year, a Singapore-based bank said Wednesday.

PFC stake sale over-subscribed; Govt nets Rs 1,600 crore

Last Updated: Monday, July 27, 2015, 17:52

With the successful sale of 6.60 crore shares in Power Finance Corp (PFC) through a one-day OFS route at a floor price of Rs 254 apiece, the government would get over Rs 1,600 crore.

DoD wants EPFO to invest Rs 6,000 cr, fund commits Rs 1k cr

Last Updated: Sunday, July 26, 2015, 12:13

The Employees Provident Fund Organisation (EPFO) had earlier committed to the Finance Ministry that it will start investing from August 1 in the CPSE ETF, a top official said.

DoD wants EPFO to invest Rs 6,000 cr, fund commits Rs 1k cr

Last Updated: Sunday, July 26, 2015, 12:13

The Employees Provident Fund Organisation (EPFO) had earlier committed to the Finance Ministry that it will start investing from August 1 in the CPSE ETF, a top official said.

Govt to sell 5% stake in PFC on July 27

Last Updated: Friday, July 24, 2015, 22:44

Government will divest 5 percent of its stake in Power Finance Corporation on July 27 which may fetch around Rs 1,700 crore at current market price.

Govt planning stake sale in BPCL

Last Updated: Friday, July 24, 2015, 17:22

The Government on Friday said it is planning to sell stake in Bharat Petroleum Corp Ltd (BPCL) and will take a final view after completion of inter-ministerial consultation.

Govt tapping overseas markets to push PSU stake sale

Last Updated: Thursday, July 23, 2015, 21:52

Facing a daunting Rs 69,500-crore PSU stake sale target, the Disinvestment Department has begun tapping new overseas markets like Australia, Japan and Canada to attract their cash-rich pension and sovereign wealth funds.