November 07, 2024 15:19 (IST)
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Govt to divest up to 7% stake in NLC via OFS

New Delhi: The government plans to divest up to 7 percent of its stake in NLC India through an offer for sale (OFS), aiming to raise between Rs 2,000 crore and Rs 2,100 crore, media reports said.

DIPAM Secretary explains why Budget FY25 has no fixed disinvestment target

New Delhi: Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey on Thursday said the government has intentionally not set up a specific disinvestment target for the fiscal year 2024-25, media reports said.

IDBI stake sale: Deadline for bid submission likely to be extended

News Delhi: The last date for submitting bids for strategic disinvestment in IDBI Bank is likely to be extended to January, media reports said.

Finance Ministry allows PSUs to invest in debt schemes of all mutual funds

New Delhi: The Finance Ministry through a memorandum on Tuesday allowed Public Sector Undertakings (PSUs) to invest in debt schemes of all mutual funds.

Grey market indicates LIC share prices could be offered at discount

Mumbai/IBNS: The share prices of Life Insurance Corporation (LIC) have slipped below the issue price in the grey market, therefore, indicating a discounted listing, according to media reports.

After Air India, Neelachal Ispat Nigam Ltd to be second govt firm to be privatised: DIPAM Secty

Kolkata: Neelachal Ispat Nigam Ltd would be second company after Air India to be privatised and the share purchase agreement (SPA) for the company was signed on Thursday, DIPAM Secretary Tuhin Kanta Pandey said today.

Pawan Hans sale: Govt receives financial bids

New Delhi: The government has received an undisclosed number of financial bids for sale of its stake in ailing helicopter operator Pawan Hans.

Govt invites bids for the strategic disinvestment of PDIL, HLL Lifecare Ltd

New Delhi/IBNS: The finance ministry has invited global bids for the strategic sale of Projects & Development India Limited (PDIL) and HLL Lifecare Ltd. (HLL) as part of its disinvestment target.

Monetisation of non-core assets: 6 BSNL,MTNL assets put up for bidding

New Delhi/IBNS: Six properties of state-owned telecom carriers Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) have been put up for bidding on the MSTC portal.

LIC's IPO likely by 4th qtr of this financial year, says DIPAM Secretary

Mumbai/IBNS: State-backed Life Insurance Corporation's (LIC) IPO is expected to hit the market by the fourth quarter of the present financial year, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said Wednesday, media reported.

Ministry of Railways withdraw order asking IRCTC to share 50 percent convenience fee

New Delhi/UNI/IBNS: A day after rail reservation monopoly Indian Railway Catering and Tourism Corporation Ltd (IRCTC) shocked investors saying it has been asked by the Ministry of Railways to share half of the convenience fee from November 1; the order has been withdrawn.