Government to adhere to FY16 fiscal deficit target: StanChart

Last Updated: Tuesday, September 8, 2015, 13:51

Sluggish direct tax collection, likely shortfall in disinvestment proceeds and OROP scheme pay out will add to the government's fiscal burden but it will "adhere to" fiscal deficit target by reducing expenditure, says a Standard Chartered report.

Assocham advises central trade unions to call off strike

Last Updated: Thursday, September 3, 2015, 13:16

The apex body Assocham estimated a hefty loss of about 25,000 crore due to the ongoing strike by the central trade unions.

Bharat Bandh: Strike affects clearing business at banks

Last Updated: Wednesday, September 2, 2015, 12:44

Normal working at banks was affected on Wednesday due to a nationwide strike called by 10 central trade unions, although the staff of SBI, IOB, ICICI Bank, HDFC Bank and Axis Bank stayed away from the agitation.

Govt extends deadline for bids to manage CIL's 10% stake sale

Last Updated: Tuesday, September 1, 2015, 20:23

Government has extended the date by three more weeks for submission of bids by merchant bankers interested in managing the 10 percent stake sale in Coal India (CIL), which is likely to fetch about Rs 22,450 crore.

Reasons behind Sept 2 Bharat Bandh

Last Updated: Tuesday, September 1, 2015, 17:14

Essential services are likely to be impacted tomorrow with 10 central trade unions going ahead with one-day nationwide strike to protest against changes in labour laws.

Govt not to go ahead with OIL stake sale soon

Last Updated: Sunday, August 30, 2015, 11:13

The government had planned to sell 10 percent shares in OIL, the nation's second biggest state-owned oil producer.

LIC buys nearly 90% of Indian Oil's shares on offer

Last Updated: Tuesday, August 25, 2015, 20:10

State-owned Life Insurance Corp of India (LIC) has purchased nearly 90 percent of Indian Oil shares sold by the government in its Rs 9,379-crore disinvestment.

Indian Oil stake sale full subscribed; govt bags Rs 9,300 crore

Last Updated: Monday, August 24, 2015, 17:03

The IOC share sale was pulled off by demand from institutional investors who bid for 27.85 crore shares, against 19.42 crore shares on offer. The portion was subscribed 1.43 times.

Govt stake sale in IOC subscribed over 57% by 1 pm

Last Updated: Monday, August 24, 2015, 14:10

A total of 13.95 crore shares were bid for out of 24.28 crore share on offer at a minimum price of Rs 387, as per the data available from stock exchanges at 1300 hours.

IOC share sale begins amid bloodbath in market

Last Updated: Monday, August 24, 2015, 11:22

The government is looking to raise about Rs 9,302 crore from sale of 24.28 crore shares in IOC through a one-day OFS route at a floor or minimum price of Rs 387 apiece.

Indian Oil stake sale Monday; govt eyes best 'first half' disinvesment kitty in 7 years

Last Updated: Sunday, August 23, 2015, 17:30

Looking to garner Rs 9,300 crore from Indian Oil share sale Monday, the government expects its disinvestment kitty so far this fiscal to swell to Rs 12,600 crore -- making it the best 'first-half' in 7 years.

Indian Oil stake sale floor price set at Rs 387 a share

Last Updated: Saturday, August 22, 2015, 18:35

The government has set a floor price for the sale of shares in top state-run refiner Indian Oil Corp Ltd at Rs 387 each, the company said, a two percent discount from Friday`s close.