MMTC, Tata Steel shares jump up to 8%; here’s why
Tata Steel has completed the acquisition of 93.71% stake in Neelachal Ispat Nigam through its subsidiary, Tata Steel Long Products.
disinvestment
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Multiple bids received for FSNL disinvestment: DIPAM
The central government is looking to divest its entire stake in FSNL and transfer management control through the disinvestment process.
State-run companies to decide on disinvestment, closure of subsidiaries, JVs
This will enable PSEs to monetise their investment at an opportune time or close their loss-making and inefficient subsidiary, unit or JV at the right time.
Fiscal deficit widens to 58.9% as expenses mount, revenues dip in January
The Centre earned only ₹12,037 crore from offloading equity holdings, merely 15% of the budgeted disinvestment target of ₹78,000 crore for FY22.
Here’s why IDBI Bank shares are surging today
IDBI Bank shares gained 5.5% to hit a high of ₹49.8 on the BSE amid reports that the central government and LIC of India will sell their stake in the lender.
Centre running out of PSU equity, only ₹2 lakh crore worth left to monetise: Dipam Secy
The value excludes the government stake in public sector banks where stake sale has not begun yet.
BPCL privatisation hit by ESG concerns, energy transition: DIPAM Secy
Even though the shortlisted bidders have got cold feet, the transaction advisers will persuade the bidders to come back to the bidding process.
The curious case of strategic sale of Hindustan Zinc
Supreme Court’s order for regular investigation came in response to CBI’s closure report filed in 2017, which sought an end to its probe in govt's disinvestment in Hindustan Zinc way back in 2002.
Road, power in ₹26,000 cr worth asset monetisation in FY22: Dipam Secy
The monetisation agenda has been led by the roads sector, followed by power and mining.
Budget 2022: How to raise revenue with right tax policies
Should not resort to self-defeating measures that hurt revenue in short and long run such as high tax on individuals but low tax on corporates.
