E-auction or e-tendering moves the process of bidding for government contracts completely online, removing most manual procedures and, therefore, creating an accountability trail.
'The Modi government believes the industrialist, the capitalist, has to pay for the assets of the government which belong to the people of India.'
The IOC stake sale will, however, dwarf in front of Rs 22,557 crore or Rs 225.57 billion that the government raised through a stake sale in Coal India Ltd last year.
Some overseas investors refuse to be part of roadshows, citing environment risks
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The Finance Ministry has filed the offer document with market regulator Securities and Exchange Board of India for the Central Public Sector Enterprises ETF, which could fetch the exchequer about Rs 3,000 crore (Rs 30 billion).
According to bankers and economists, there is room for further rate cut by the RBI as retail and wholesale inflation rates have remained benign.
Indian companies realise several business opportunities ahead of International Yoga Day on Sunday
In 10 sessions Sensex rose over 8%
PSU employees will now get an option to subscribe up to 5 per cent of the issue size at a discount after the completion of disinvestment in the concerned state-owned company.
Suspended BJP MP Kirti Azad targeted more politicians, including party MP and BCCI secretary Anurag Thakur, involved in cricket governance.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Creating history, leading exchange BSE on Wednesday peaked above Rs 100-trillion mark to scale a new record in terms of market wealth of all listed firms.
The coal-bearing states shall be getting additional revenue from such coal mines.
Infosys, Bharti Airtel and ICICI Bank are the only companies who have managed to score 100% on a Composite Disclosure Index
Having successfully implemented the 25 per cent free-float norm for private companies, the Securities and Exchange Board of India now wants the government to pare its holdings in public-sector undertakings to below 75 per cent.
Cairn India is 25th on the list with 22.2 per cent CGR.
Around 300 promoters serve their company boards for free.
RBI Governor would like to wait till Budget before taking any action on rate front.
India Inc on Friday said Prime Minister Manmohan Singh's assertion that the government will not impose capital controls, although reassuring to investors, must be supplemented with tough reform measures.
Most Asian stock markets steadied on Wednesday.
Analystsare showing optimism in Sensex EPS growth after double digit growth in the second quarter of current year.
The 50-share NSE Nifty was trading lower by 24 points.
Going by the experience of the previous years -- when the actual proceeds from stake sale were much lower than the targets -- the government's disinvestment target for 2014-15 appears too ambitious.
Sensex gains 2.4%, Nifty crosses 7,000; investors feel exit polls have vindicated their stand
Here are 15 things that would have made 2015 a great year.
Major corporates are staring at an uncertain future after investing substantially on their projects
Power stations with captive mines might look at this as an opportunity to sell merchant power at higher rates.
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The ETF is expected to fetch the govt Rs 3,000 crore.
The Narendra Modi-led National Democratic Alliance government has given environment clearance to five projects since it took charge on May 26.
Floor price of SAIL to be set at Rs 83 a share.
The court issued notice to the ministry and directed it to file its response in two days.
Hindalco has already bagged 4 mines in Jharkhand and Chhattisgarh
In their advertisements to attract investors to public offers, companies can be more creative and innovative as long as they are not misleading and contain necessary disclosures of associated risks and other facts, Sebi chief U K Sinha feels.
There are 30 listed PSUs in which the public holding is less than 25%.
In a bid to boost the dormant primary market, regulator Sebi said it is ready to review the mandatory grading of initial public offers.
BJP loss could trigger a correction
The Sensex closed down 308 points at 24,894 and the Nifty has lost 96 points at 7,559.
Lower crude prices mean less government outlay for India,
Once decisions are taken to sell stock in certain state-controlled enterprises, there is no reason to not start scheduling sales immediately.
Indian indices fell more than those of most other emerging markets.
