Shipping Corporation of India (SCI) on Saturday reported a 77.42 per cent jump in its consolidated net profit at Rs 152.16 crore for the fourth quarter ended March 2022. The state-run company had cloc...

Vedanta Resources Ltd’s plan to set up a $10 billion fund to acquire state-owned firms has attracted interest from sovereign wealth funds and the corpus will be floated once the government invit...

The post-war political decolonization in the third world was followed by a struggle for economic decolonization that was no less intense. Many countries that were not formally colonies (hence did not ...

The Centre is expected to seek financial bids for Shipping Corporation sometime next month after the potential investors have had the chance to pore over the state-owned company’s books, a senio...

The second wave of the coronavirus is likely to delay the financial bids for sell-off bound BPCL and Air India till September as the travel restrictions are likely to delay the physical verification o...

The proposal of the employees of Air India to take over the running of the ailing carrier has been rejected by the transaction adviser, leaving the Tatas as the favourite in the privatisation race alo...

The Modi government is banking on the initial public offer of the Life Insurance Corporation and the strategic sales of Bharat Petroleum Corporation Limited and Air India to meet its ambitious disinve...

LIC’s initial public offering (IPO) is likely after October this year, a top official said on Tuesday, laying out the government’s divestment calendar that includes completing the sale of ...

Government-owned Shipping Corporation of India (SCI) plans to collaborate with Inland Waterways Authority of India (IWAI) soon to begin inland waterways and coastal shipping services. The services th...

The government plans to set up a development finance institution (DFI) in the next three to four months with a view to mobilise Rs 111 lakh crore required for funding of the ambitious national infrast...