An Inter-ministerial panel had last month approved 10 per cent equity sale in Coal India. At present, the government holds 90 per cent stake in the firm.
The government will decide in August whether to sell a 5 percent stake in ONGC, a senior oil ministry official said, in a deal that would be worth $2.9 billion at current market prices.
'Forget Asthana. Forget Alok Verma. It is this government that has done the greatest damage.' 'My biggest worry is that they have made the CBI a puppet of the government.' 'They want the CBI director to act as per the wishes of the government.'
The Aam Aadmi Party has removed its MLA Alka Lamba as party spokesperson after she "deviated from party line" while making a statement on Transport Minister Gopal Rai being relieved of the charge.
An argument used for removal of this exemption is that it is used to launder black money and bring it in as clean tax paid money by manipulating the price of less liquid shares in the market, says Harsh Roongta.
As per Sebi norms, a public sector listed company should have 10 per cent public float by August 08, 2013.
The Indian Space Research Organisation has refused to disclose the contents of letters written by its former chief G Madhavan Nair and others in connection with findings by a committee that went into controversial Antrix-Devas deal, saying they were "personal" that may impede process of investigation or apprehension of offenders.
The government's move to sell enemy shares comes when it is struggling to meet its target of raising Rs 800 billion from the sale of State assets in the fiscal year ending in March 2019. The Custodian of Enemy Property of India holds around Rs 3,000 crore worth of equity shares besides land and property across India.
Dipam is conducting the selection of merchant bankers and legal advisors, and planning roadshows.
For the first time in the history of Budget-making in India, a single Budget will touch 65 crore Indians, says Shailesh Haribhakti.
Move aimed at avoiding crowding of public issues during the Centre's mega disinvestments in coming months.
Andhra Pradesh Civil Supplies Minister D Sridhar Babu resigned from the Cabinet on Thursday night protesting the divesting of legislative affairs portfolio that he had been holding for over three years now.
Govt seems to bullish to meet its disinvestment target in current fiscal.
Getting the balance between fiscal restraint and growth-contracting policy remains a problem.
A better system of operating central and state PSEs, and indeed all commercial activities of the government, would require eliminating the current system that oversees them.
Kushner in an 11-page statement said he hopes that that he has been able to demonstrate the entirety of his "limited contacts with Russian representatives during the campaign and transition".
The government is considering a proposal to privatise some state-owned banks in phases.
Saikia was charged by CBI for allegedly violating OSA.
Financial planners also believe that retail investors should avoid the IPOs or direct stock route because it is too risky for them.
The target announced is 13.6 per cent higher than that set last year and 145.4 per cent higher than the revised target for 2013-14.
His resignation was even questioned in Rajya Sabha with Congress wanting a clarification.
'The state government would have to divest the Mumbai police commissioner of the powers of this investigation. Mr Javed's power will have to be divested or withdrawn and then conferred on Mr Maria specific to this investigation.' 'If the government issues a notification to this effect, then it would be lawful. Whether it would be palatable to Ahmad Javed or not is another question.'
Earlier this month, market regulator Sebi had given go- ahead to the disinvestment department's proposal to give preference in share allotment to those PSUs located in states in which Neyveli's generating units were located.
Single window clearances for realty must.
The government shouldn't hide behind the veil of making a domestic giant out of the HPC-ONGC deal, rather it should just say it needs cash from this divestment exercise, says Sudhir Bisht.
Office space allotted to its functionaries at the Congress headquarters on 24 Akbar Road has, over the years, emerged as a reliable yardstick to measure a leader's standing in the party hierarchy, says Anita Katyal.
Even as Akhilesh Yadav has emerged stronger in Uttar Pradesh politics, the Samajwadi Party has become weaker due to family feud, reports Virendra Singh Rawat.
Market experts on why the bulls will be on the rampage first thing on Monday after the scrapping of enhanced surcharge on FPIs and other measures to ease the systemic liquidity squeeze and boost demand. Prasanna D Zore reports.
BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
'Modi has shown political courage by instituting several economic reforms which include demonetisation, ushering in GST, eradication of benami transactions...'
Benchmark indices finished higher on hopes of economic reforms
Nifty50 surged 87 points to end at 8,157, highest closing levels since Oct 29, 2015.
Despite crude comfort, heavy spending cuts needed to offset Rs 80k-cr revenue shortfall
Jared Kushner, the 35-year-old, played a key role in the presidential campaign and his new White House job will cover both domestic and foreign policy.
Industrialist Pawan Ruia's (think Dunlop and Jessop) arrest this month for cheating and criminal breach of trust marked a new low, but the tide had been turning against him for a while now. Ishita Ayan Dutt & Avishek Rakshit report.
Though the Cabinet reshuffle on July 5 has a clear stamp of the Prime Minister's Office, the changes have also increased the coherence between the Bharatiya Janata Party, the government and the Rashtriya Swayamsevak Sangh.
In a few years from now, India will be looking at an entirely different type of military adversary across the borders, in our waters, in the air, in space and in our communication networks, says Nitin Pai.
Akhilesh was always seen as someone working under the shadow of his father and uncles. However, overtime, he started asserting his authority.
A reshuffle of the All India Congress Committee office bearers and the Union Cabinet is on the cards and is likely to take place "soon" say highly placed sources in the Congress. Renu Mittal reports.
In a surprise announcement in April, Sun and Ranbaxy -- at that time owned by Japan's Daiichi -- declared an all-stock deal to create India's largest and world's fifth-largest drugmaker in an over $4 billion deal.
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