Time for Pawan Hans, Shipping Corp, BEML sale: DIPAM Secretary
India needs to double capital expenditure on a medium-term basis, says Secretary, Department of Economic Affairs.
divestment
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Tata, JSW, ArcelorMittal to lock horns over PSUs
Robust steel demand and high prices are powering private steelmakers to vie for the public sector steel companies, which are up for sale under the Modi government's 2021-22 disinvestment plan.
Red tape delaying disinvestment plans
While the pandemic slowed the process, systemic apathy bigger problem.
Post-merger, clean-up ops underway at PNB
The merger and asset quality overhang may have kept its growth tepid, but it posted a higher-than-expected net profit of ₹506 crore in the third quarter.
Despite Covid-19, record capital raised in FY21
The pandemic, ultimately, was unsuccessful in denting the country's capital raising confidence, as India Inc. raised over ₹1.88 lakh crore, beating the record of over ₹1.75 lakh crore raised in FY18.
Post Covid-19, divestment plan set for a flying start
Concor and Shipping Corporation of India, the two companies scheduled to go first off the blocks as part of India's divestment programme, have drawn excellent response from potential suitors.
'Growth' Budget gets a thumbs up from markets
Absence of new taxes, no tweaking of older ones, infrastructure capex focus, and stronger disinvestment intent boosts equity indices, with the Sensex recording its best Budget-day gains since 1997.
The road to disinvestment
If the government moves fast on strategic sale, consolidation among various public sector units, and bringing down its stake to below 51% in CPSEs, it may achieve its disinvestment target.
Decoding disinvestments
A detailed look at data reveals that Modi 1.0 had a far superior record on disinvestment compared to UPA 2.0.
Zensar divests non-core businesses
To sharpen focus on future growth, the RPG Group company will sell its Indian, Australian and Middle Eastern businesses, and invest in its core markets – U.S., Europe and South Africa.
