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Giant PSUs to go public soon

The Cabinet on Thursday approved a new plan to sell stakes in public sector companies through small-bite share offers in the market, with a mandatory selling provision that would open the gates for stock market offers by more than 50 companies under the Centre’s control.

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NTPC sale to fetch 1.8 billion dollars: Disinvestment Secretary

By: AMITOO2_44

A five percent stake sale of the state-run power producer National Thermal Power Corporation (NTPC) could fetch the government 1.8 billion dollars (81 billion rupees), Disinvestment Secretary Sunil Mitra said on Friday. Last week, the government mandated more sales of shares by state firms and changed the rules on how it can use the ...

26 days ago
Disinvestment Secretary: NTPC sale to fetch 1.8 billion dollars

By: munish25

A five percent stake sale of the state-run power producer National Thermal Power Corporation (NTPC) could fetch the government 1.8 billion dollars (81 billion rupees), Disinvestment Secretary Sunil Mitra said on Friday. Last week, the government mandated more sales of shares by state firms and changed the rules on how it can use the ...

26 days ago
Stop feeding the gurus!!!

By: MichaelNunn

If you have been disillusioned in the past by Internet Marketing programs that cost thousands of dollars and leave you scratching your head wondering why you could never make any money with them then here’s the secret: the “gurus” make most of their money by selling their packages to newbies to the online business industry!! They ...

about 1 month ago
NTPC sale to fetch @ 1.8 billion dollars: Disinvestment Secretary

By: munishdung

A five percent stake sale of the state-run power producer National Thermal Power Corporation (NTPC) could fetch the government 1.8 billion dollars (81 billion rupees), Disinvestment Secretary Sunil Mitra said on Friday. Last week, the government mandated more sales of shares by state firms and changed the rules on how it can use the proceeds, ...

26 days ago
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News Stories

Left demands reversal of Govt's decision to divest PSU stakes

News Source: Daily News & Analysis | about 1 month ago

Calling government's plea that the funds received out of disinvestment would be used for social sector programmes an "eyewash", the CPI(M), CPI, RSP and Forward Bloc said it had gone back on previous commitments of not divesting 'Navaratna' companies.
NMDC, EIL to hit bourses

News Source: Asian Age | about 1 month ago

Nevyeli Lignite, State Trading Corp (STC), National Fertiliser, Rasht-riya Chemicals and Fertil-isers (RCF) and Fertilisers and Chemicals Travancore...The government has, however, not indicated any timeframe for complying with the directive...These...
India To Raise Billions Through Divestments

News Source: Fox News | about 1 month ago

The Indian government approved a plan Thursday to sell minority stakes in a number of state-owned enterprises in a move that could raise billions of dollars and help fund the government's various social welfare programs amid a rising fiscal deficit,...
Profitable govt firms to be listed

News Source: Daily News & Analysis | about 1 month ago

The disinvestment plan cleared by the cabinet committee on economic affairs on Thursday also calls for a minimum 10% listing for all companies already quoted on the stock markets...The key policy change relates to a decision to deploy the money...
Giant PSUs to go public soon

News Source: The Hindustan Times | about 1 month ago

The Cabinet on Thursday approved a new plan to sell stakes in public sector companies through small-bite share offers in the market, with a mandatory selling provision that would open the gates for stock market offers by more than 50 companies under...
Govt changes stake sale rule

News Source: The Economic Times | about 1 month ago

The government on Thursday changed rules on using stake sale proceeds and made it mandatory for all profit-making, listed, state-run firms to float at least 10 percent stake, in a move aimed at cutting its fiscal deficit. All unlisted state firms...