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Business

Mixed fortunes for divested PSUs

The financial performance of public sector undertakings privatised under the Bharatiya Janata Party-led National Democratic Alliance regime in 2002-03 and 2003-04 has been a mixed bag. While...

Selloff works wonders on the bottomline

The bottomlines of seven of the eight companies in which the government divested its stake through strategic sale have improved remarkably.The latest financial results of these companies show that...

20 years later: India's privatisation story off to 'Maharaja' start

After a hiatus of nearly two decades, the government's CPSE privatisation programme started off with flying colours with Tata group buying the debt-laden national carrier Air India. Illustration:...

After 20 years, privatisation programme in India off to 'Maharaja' start

After a hiatus of nearly two decades, the government's programme to privatise state-owned firms restarted with the handing over of debt-laden national carrier Air India to the Tata Group....

Divestment push may boost PSU m-cap from all-time low currently

The share of public sector undertakings (PSUs) in the total market capitalisation of listed companies--at an all-time low of 10 per cent currently --- may get a leg-up from the government's...