MSTC Ltd, the Calcutta-based public sector outfit, is steadily transforming itself from a pure-play trading agency to an e-commerce outfit to render services to government entities and private parties...

The government is mulling allowing foreign direct investment (FDI) in the country's largest insurer LIC, a move which would help overseas investors take part in the company's proposed mega IPO...

Sixteen merchant bankers are in the fray to manage the mega IPO of Life Insurance Corporation. The bankers will be making  presentations before the department of investment and public asset mana...

Bharat Petroleum Corporation Ltd (BPCL) on Friday said no decision has yet been taken to sell its stake in Petronet LNG and Indraprastha Gas to help the company’s prospective owner avoid making ...

As many as seven firms, including JM Financial, Ernst and Young and Deloitte, have bid for managing the strategic sale of IDBI Bank.  These firms would make a virtual presentation before the dep...

The Cabinet Committee on Economic Affairs (CCEA) has given its in-principle approval to the initial public offer of Life Insurance Corporation, with the listing of the shares expected by the end of th...

The government is likely to invite bids from merchant bankers this month for managing LIC’s disinvestment as it moves ahead with plans to launch the IPO by January, an official said. The depart...

Inching a step closer to the privatisation of two public sector banks, a high-level panel headed by the cabinet secretary recently held a meeting to thrash out various regulatory and administrative is...

BEML Ltd on Saturday said Dipam and NITI Aayog have agreed to the proposal of incorporation of a wholly owned arm for the demerger of surplus land and asset as part of BEML’s strategic divestmen...

The government plans to change its foreign direct investment (FDI) rules to allow 100 per cent ownership of state-owned refineries by global players through the automatic route. The move by the govern...