Govt's privatisation drive likely to kick off with profit-making PSUs
The Centre is likely to privatise profit-making enterprises, reversing its previous position of first closing or merging loss-making state-run units. The NITI Aayog, which is in the process of selecting public sector units for privatisation, is likely to put out its first list, focusing on companies in non-strategic sectors, along with those that have got Cabinet approval for stake sale, or are in final stage of due diligence. Read more
Wipro signs deal to acquire global tech company Capco for $1.45 bn
Wipro, in its biggest acquisition so