The federal government will divest 10 percent equity in the state-run Coal India next fiscal, hoping to generate $8-10 billion, going by the valuation of a comparable Chinese company, a top official said Thursday.
‘The divestment of government equity up to 10 percent will take place later this year — that is during fiscal 2010-11 in [...]
New Delhi, Nov 13 (IANS) The government has asked all ministries to compile a list of state-run firms for sale of stake and listing on stock exchanges, even as it expects partial divestment in at least three such firms by the end of this fiscal.
‘We have already initiated inter-ministerial discussions for identifying central public sector [...]
Mumbai, Nov 9 (IANS) The Securities and Exchange Board of India (SEBI), the country’s markets watchdog, Monday notified new norms for listing and raising of funds by small and medium enterprises (SMEs) but ruled out a new stock exchange for such entities.
The minimum market capitalisation for follow-on public issues by large companies also stands reduced [...]
New Delhi, Nov 3 (IANS) The erratic monsoon during this year, followed by floods in some parts of the country, could have lowered India’s foodgrain output by some 14-15 million tonnes, Finance Minister Pranab Mukherjee said Tuesday.
‘I’m waiting for a hard assessment of the sub-normal southwest monsoon and the impact of floods in some parts [...]
Mumbai, Oct 31 (IANS) Indian equities markets entered into a consolidation zone with analysts terming the downward movement as long expected. A benchmark index fell 5.44 percent from its last weekly close and ended trade below the 16,000-mark.
The 30-share sensitive index (Sensex) ended 914.53 points, or 5.44 percent lower, at 15,896.28 points at the weekly [...]
New Delhi, Oct 19 (IANS) The Cabinet Committee on Economic Affairs (CCEA) has approved a proposal to divest stake in state-run utilities NTPC Ltd and Satluj Jal Vidyut Nigam Ltd (SJVN).
The government will offload 5 percent of its equity in NTPC and 10 percent in SJVN, Commerce Minister Anand Sharma said here Monday.
At the present [...]
