The Airports Authority of India has set the ball rolling for modernisation and restructuring of Delhi and Mumbai airports through joint ventures between AAI and private players by calling for bids to shortlist a financial consultant.
Going ahead with the sale of part of its equity in Bharat Heavy Electricals Ltd despite opposition from the Left, the UPA government has invited expression of interest from investment bankers for the divestment.
Air-India will appoint an advisor for laying out the roadmap for its initial public offer by this month-end and plans to hit the capital market by December 2005.
Those involved in the discussions say the guidelines for selection of bidders in insolvency cases need to be transparent, otherwise anyone who loses out could take legal recourse, leading to wastage of time and derailing the whole process.
Punjab government has decided to divest all the 29 properties of loss-making Punjab Tourism Development Corporation by December this year, a corporation official said in Chandigarh on Monday.
At least five private companies have committed huge investments.
The government on Wednesday decided to put a 49 per cent cap on foreign direct investment in the modernisation of Mumbai and Delhi airports and extended the last date for putting in expression of interest to July 20.
At least three companies including Essar Shipping, Videocon and Sterlite Industries on Friday bid for acquiring the government's 51 per cent stake in national flag carrier Shipping Corporation of India.
The Sri Lanka Air Force and Egypt has also shown some interest in procuring the Tejas.
Air-India will sell 376-room Centaur Hotel at Delhi airport and two Chefair flight kitchens of its subsidiary Hotel Corporation of India in the second round of divestment.
Notwithstanding its divestment setback, Hindustan Petroleum Corporation Ltd is planning to enter the exploration segment and foray into the markets of Sri Lanka and Bangladesh.
At least half a dozen national and international oil giants, including Reliance and Royal Dutch Shell, joined the race, on Friday, for acquiring government's 34 per cent stake in Hindustan Petroleum Corporation Ltd.
Kicking off the divestment process in the two public sector oil companies, Hindustan Petroleum Corporation and Bharat Petroleum Corporation, the government
Irked by India's status as the world's biggest arms importer, Modi wants to build an advanced defence industry
The Core Group of Secretaries on Divestment is believed to have favoured the appointment of HSBC as the global advisor for managing the privatisation of oil PSU Hindustan Petroleum Corporation.\n\n
Stocks to watch: Pipavav Defence, ABG Shipyard, Bharati Shipyard
After Indian Oil Corporation, state-run Bharat Petroleum Corporation is planning to take over petrol stations in Sri Lanka, company chairman and managing director S Behuria said on Friday.
Kicking-off the process of divestment in Bharat Petroleum Corp, government has invited bids for appointment of a global advisor for sale of 35.2 per cent stake in the oil PSU through public offer.
ChevronTexaco has bid for a stake in state-run Hindustan Petroleum Corp Ltd, India's second-largest oil refiner and retailer.
Government is expected to invite initial bids for sale of majority stake in Manganese Ore India by next week.
The Pro Kabaddi League will now have 12 teams, over 130 matches and 13 weeks of competition.
The government has re-invited initial bids for divesting its 33.5 per cent stake in Madras Fertilisers Ltd to a strategic partner along with management control.\n\n\n\n
Entities like CarDekho, Cartrade and a host of other online players went live even as Carnation, former Maruti managing director Jagdish Khattar's first entrepreneurial venture, was searching for the right business model, says Ajay Modi.
'The airline business is very dynamic. If you are unable to keep up and lead, you end up last.' 'This is what has happened to Jet.'
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