Page 7 - Divestment

BPCL, HPCL, IOC: Here's how to trade oil-marketing companies' stocks

BPCL, HPCL, and IOC have corrected up to 22 per cent since their highs of July.

Divesting majority stake credit negative for PSBs leaning on govt: Icra

Their credit ratings have been primarily supported by their sovereign ownership and their stable deposit base, which again is a function of their ownership

Divestment news attracts investors to govt companies; PSU stocks gain

Half a dozen PSU stocks have gained over 15% each

HAL, IRCTC decline up to 4% on report govt mulls stake sale via OFS

According to media reports, the government is looking to sell 5% stake in HAL, while quantum of stake sale for IRCTC will be decided later

IDBI Bank inks pact to divest 27% stake in insurance JV for Rs 595 cr

Currently, LIC-promoted IDBI Bank holds 48 per cent in IFLIC, while Federal Bank and Ageas hold 26 per cent each

BPCL tumbles over 6% on report it's divestment may not happen in FY21

On July 29, the government had for the third time extended the deadline for bidding for privatisation of India's second-biggest oil refiner Bharat Petroleum Corp Ltd by two months to September 30

BPCL stock gains ground as govt's divestment process gathers steam

The divestment of BPCL, leading to value unlocking for investors, remains the larger trigger for the stock

Govt extends deadline to submit bids for Air India sale till April 30

In January, the government restarted the divestment process of Air India and invited bids for selling 100 per cent of its equity in the state-owned airline

Power Ministry flags concerns over divesting govt stake in NTPC, PowerGrid

Presently, the govt owns 54.14% in NTPC, 54.96% in PowerGrid and 55.99% in PFC.

Granules India divests entire stake in JV Biocause Pharmaceutical

Shares of Granules India Ltd were trading at Rs 146 a piece on BSE

Money raised through disinvestment will be used to develop infra: FM

The government set an ambitious disinvestment target of Rs 2.10 trillion for the next financial year, which includes selling stake in BPCL and LIC

Divestment to help both LIC and government, says Jayant Sinha

Sinha praised Sitharaman saying she addressed the economic situation, fiscal deficit and macro-economics very well

'Against national interest': LIC divestment move faces unions' ire

The new income tax slabs announced Saturday appear aimed at Delhi voters, particularly younger entrants to the job market or those employed in the gig economy

Economic Survey backs Temasek-like model proposed for divestment

Survey recommends transferring stake of listed govt firms to a corporate entity

Infosys completes divestment of its stake in Unsilo A/S for over $800,000

In November 2016, Infosys had announced an investment of 14,920,000 Danish Krone (about Rs 14.49 crore) from its Innovation Fund in an artificial intelligence startup Unsilo.

CCI clears Reliance's divestment of Jio telecom tower assets to Brookfield

In a tweet on Monday, the regulator said it "approves subscription of the units of Tower Infrastructure Trust by BIF IV Jarvis India Pte., British Columbia Investment Management and GIC Investors.

Budget 2020: Govt turns to asset monetisation as divestment target eludes

Hope rises for monetisation of Rs 1 trillion worth of assets by March 31

Air India, BPCL, Concor divestments unlikely this fiscal: Govt official

It can be noted that the government has set ambitious targets from the disinvestments in FY20 at Rs 1.05 trillion

Privatisation may affect SCI's decision-making powers, shipping market

In April 2003, the Cabinet Committee on Disinvestment had decided to suspend any divestment in SCI.

BPCL stake sale shows govt's change of track on disinvestment, says CEA

The CEA's views came amid questions over stake sale in profit-making PSUs