Business  /  Published 08.02.21

Privatisation by fits and starts over

Finance minister Nirmala Sitharaman on Sunday rejected the Opposition’s charge of “selling family assets” through the budget stress on privatisation, terming it as a “lazy alle...
By PTI in Mumbai

Business  /  Published 14.01.21

Govt to divest 10% in SAIL

The Centre has decided to offload up to a 10 per cent share of public sector steel maker Steel Authority of India Ltd (SAIL) through the  offer-for-sale route, raising at least Rs 2,643 crore. T...
By Our Special Correspondent in Calcutta

Business  /  Published 06.12.20

Pilots oppose Air India bid

Air India employees are divided over their participation in the divestment process of the cash-strapped national carrier. While a section of the employees, led by the top management of Air India, plan...
By R. Suryamurthy in New Delhi

Business  /  Published 03.12.20

Ant Group looks to exit Paytm

Chinese fintech giant Ant Group is considering selling its 30 per cent stake in Indian digital payment processor Paytm amid tensions between the two Asian neighbours and a toughening competitive lands...
By Reuters in New Delhi, Hong Kong

Business  /  Published 03.12.20

Larsen & Toubro sells UK unit

Larsen & Toubro (L&T) is divesting its UK unit Servowatch Systems to Rolls-Royce for a consideration of around Rs 89 crore. L&T on Wednesday said through its wholly owned subsidiary, Lars...
By Our Special Correspondent in Mumbai


Business  /  Published 09.11.20

Ircon impetus to Centre's selloffs

The government plans to sell about a 15 per cent stake in Ircon International through an offer for sale of shares in the current fiscal even as the budget divestment target of Rs 2.1 lakh crore appear...
By R. Suryamurthy in New Delhi

Business  /  Published 05.01.20

Centre to raise selloff bar

The Narendra Modi-government, which is almost certain to miss the divestment target by miles, is likely to set an ambitious target in budget 2020-21 as it expects to complete the strategic sales of B...
By R. Suryamurthy in New Delhi

Business  /  Published 03.02.19

Last-minute selloff rush

The success of Bharat 22 ETF and the strategic sale of Pawan Hans and Rural Electrification Corporation are likely to result in the government meeting the Rs 80,000-crore divestment target set for the...
By R. Suryamurthy in New Delhi

Business  /  Published 30.01.19

Coal India board call on buyback

The board of directors of Coal India is set to meet on Monday to consider and approve a share buyback. “A board meeting of the company is scheduled on Monday, February 4, 2019 interalia to consider ...
By A Staff Reporter in Calcutta

Business  /  Published 07.11.19

Qatar keen on IndiGo stake, overlooks Air India

Qatar Airways is interested in a stake in budget carrier IndiGo but wants to wait till the promoters sort out their differences. However, it has no plans to participate in the divestment process of Ai...
By Our Special Correspondent in New Delhi


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