But their trajectory and direction have been largely influenced by politics and the political leadership's understanding of how the economy needs to be managed, explains A K Bhattacharya.
In the year to date, 61 PSUs have lost an average of 22 per cent, with five companies losing more than half their share value. The BSE PSU index is down 10.6 per cent.
From the next financial year, the government will utilise the disinvestment proceeds for recapitalisation of banks and for subscribing to the shares of Central Public Sector Enterprises and preferential allotments.
Strategy being reworked to launch ETFs, revive Suuti; proceeds may be Rs 24k crore
Making a call on gold price trends through 2013 will be a toss-up.
ETFs function like a mutual fund scheme and have underlying assets of government-owned companies.
The prospectus for the forthcoming public issue of Maruti as part of government's divestment programme in the joint venture with Suzuki Motor Corp is likely to be filed before Sebi by February.
Dalal Street is bullish on invest
Indian Oil Corporation's stake sale received overwhelming reponse from investors.
Others shortlisted by the Department of Disinvestment for the NTPC offer were Deutsche Bank, SBI Capital Markets and Kotak Mahindra Capital.
Prime Minister Narendra Modi on Tuesday invited investors here to participate in the proposed divestment of Navratna PSUs
The government, which currently holds 29.5 per cent stake in HZL and 49 per cent stake in Balco, is looking at exiting from the two firms in which Anil Agarwal-led Vedanta Group holds majority stake.
Shares of NTPC slid as much as two per cent on the BSE in the early trade on Thursday as the government's 9.5 per cent stake sale of country's largest power producer commenced on the bourses.
Chidambaram's comments come in the backdrop of lukewarm response to the 2G spectrum auction which could fetch the government only Rs 9,407 crore (Rs 94.07 billion) as against the target of Rs 40,000 crore (Rs 400 billion).
The sad truth is that the debt-to-GDP ratio will shoot up close to 90 per cent in the coming year, and the fiscal deficit glide path does not promise to reduce it substantially any time soon, predicts Mihir S Sharma.
The sale will help the government to meet disinvestment target.
Offers for 23.53 crore shares or 97.9 per cent of the 24.03 crore shares on offer, were received at close of trading hours, according to data from stock exchanges.
The base price would be made public only after the close of market hours on Thursday.
SAIL chairman C S Verma talks about the company's slated disinvestment and future strategies.
Coal India was listed on November 4, 2010, and its market value today stands at over Rs 2 lakh crore.
As it gets ready for disinvestment of 10 per cent government equity through the offer-of-sale route in January, T K Ananth Kumar, director (finance), tells Jyoti Mukul the company is one of the cheapest explorers and producers of oil and gas, but awaits more predictability in the government-subsidy sharing mechanism.
The loss-making airline has already started using food items stocked from India during its onward journey to Stockholm, Copenhagen, Birmingham and Madrid, and use them when returning. It has said food items purchased from these foreign cities are much more expensive when compared to Indian cities.
The scheme has long-term benefits but rushing to roll out cash transfers without addressing issues can give it a bad name early on.
Indicating unleashing of more measures to boost economy, Finance Minister P Chidambaram on Monday ruled out rolling back decisions on diesel, LPG and FDI in retail and expressed confidence that the government faces no threat from allies either inside or outside.
The strike has been called jointly by the Bhartiya Majdoor Sangh (BMS), All India Trade union Congress (INTUC), All India Trade Union Congress (AITUC), Hind Mazdoor Sabha (HMS), Centre of Indian Trade Unions (CITU), All India United Trade Union Centre (AIUTUC) and other affiliated organisations.
The Department of Disinvestment has sought comments on a draft note proposing share sales to public.
The gap between expenditure and receipts totalled Rs 3.98 crore (Rs 39 million) over the April 1-August 31 period against the Rs 5.31 lakh crore(Rs 5.31 trillion) pegged in the Budget for 2014-15.
Air India has planned to monetise its unutilised and surplus immovable real estate assets over the next few years.
While Moily refused to elaborate on the reasons for the deferment, sources said his ministry had raised concerns over pricing of IOC shares.
Chairman says turnaround has begun in sector expects 10% growth in firm's core business this year.
The government had proposed to raise Rs 30,000 crore from divestment in the current fiscal.
Govt has no plan to divest stake in Air India.
Steel Ministry is unwilling to sell shares at lower than the present book value of Rs 22.50 a share. Merchant bankers UBS Securities and Deutsche Equities (India) have proposed Rs 15-17 as the price band.
Institutional investors - both foreign and domestic - lapped up the government's big-ticket share sales on Friday, helping it add nearly Rs 9,000 crore to its revenue kitty.
Divestment in top PSUs could make the ETF as big as Rs 30,000 crore.
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Narrowing of the current account deficit will help arrest depreciation of the rupee and ease inflation concerns, industry groups said.
The NMDC issue was oversubscribed 1.73 times on Wednesday, fetching Rs 6,000 crore (Rs 60 billion) for the government for its 10 per cent stake, thanks to strong participation from FIIs and state-run insurer LIC.
The key now is expenditure control, but how much?
