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Divestment proceeds to fall short of estimate for 2nd time since 2014

India will miss its revised divestment target for the second time in the past eight years by a wide margin, as the government may not be able to raise an expected over Rs 60,000 crore from the IPO......

Govt to get 35.8% stake in debt-ridden Vodafone Idea in lieu of dues

Debt-ridden Vodafone Idea (VIL) has decided to opt for converting about Rs 16,000 crore interest dues liability payable to the government into equity which will amount to around 35.8 per cent stake......

Financial bids for BPCL, Shipping Corp to be invited in Dec-Jan

The government will invite financial bids for privatising as many as many as six CPSEs, including BPCL, BEML and Shipping Corp, by January, a top government official said on Wednesday.......

Amarchand Mangaldas to be legal advisor for LIC IPO

The government has shortlisted Cyril Amarchand Mangaldas for giving legal advice on upcoming mega IPO of India's largest insurance company LIC, an official said. Four law firms — Crawford......

10 merchant bankers to manage LIC IPO

The government has appointed 10 merchant bankers including Goldman Sachs (India) Securities, Citigroup Global Markets India, and Nomura Financial Advisory and Securities India to manage the mega......
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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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