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.
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Why states are denied share of CPSE sale proceeds?
States have not only invested in CPSEs, they outperform the Centre in capital investment and fiscal discipline but are handicapped with low resource base.
Budget 2022: Deploy divestment proceeds for PPP infra projects, says Chetan Ahya
Ahya recommends a dedicated fund to be created out of the divestment receipts that should be deployed only towards infrastructure expenditure.
Subhash Chandra steps down as Zee chairman
Chandra’s resignation as Zee’s chairman marks the end of an era in which he pioneered the growth of private sector broadcast TV in the country. He will remain a board member.
Promoters to sell majority stake in Zee to pare debt
Punit Goenka to reportedly continue as MD and CEO, though it remains to be seen whether the Essel Group will still be classified as promoters with a residual 5% stake.
Promoters sell 11% in Zee to Invesco Oppenheimer
Announcement of the stake sale ends months of speculation regarding the suitor for Zee, and will help promoters deleverage the group’s balance sheet
Zee’s FY19 earnings may aid better valuation
With promoters looking to pare their stake in the media company to repay debt, sound FY19 financial results shine light on the quality of the asset.
LIC-IDBI Bank deal: mistake or strategy?
LIC’s decision to buy a majority stake in IDBI Bank has set off a debate among experts on using policyholders’ money to bail out PSU banks.
Next year will be that of happiness: SBI Chief
Despite posting a loss of Rs 7,718 crore for the quarter ended March, SBI said next year would be a happy one and that it would look to unlock more value from its subsidiaries soon.
