As much as 9 crore shares will be sold over two days, with institutional investors getting to bid on the first day and retail ones getting a chance on Friday.
Lines up seven OFS issues along with half a dozen IPOs for the next few months
Govt is selling a stake in Coal India worth around $3.7 bn.
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With Coal India deciding to pay around Rs 16,485 crore as interim dividend, the government will be able to make up for the shortfall in the disinvestment target of Rs 40,000 crore for the current fiscal.
The previous highest divestment proceeds for the first half of a year was around Rs 21,000 crore in 2016-17.
However, the budget lacked very specific measures detailing how this will be achieved," the statement said.
The BJP-led NDA government's decision to facilitate resumption of stalled work at 2000 MW Lower Subansiri Hydro Power Project being constructed by the National Hydro-Power Corporation at Gerukamukh along the Assam-Arunachal Pradesh boundary has not gone down well with many anti-dam organisations in Assam. They fear a catastrophic downstream impact by the mega dam project.
Finance Minister Arun Jaitley, in the Budget for 2015-16, is likely to target around Rs 43,000 crore (Rs 430 billion) from divestment proceeds, almost the same level that the government expects to realise from stake sale in PSUs this fiscal.
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.
During the first quarter ended June, 2014-15 fiscal, LIC earned a total premium of Rs 14,016 crore.
With their balance sheets under stress, private companies have lost interest in them.
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.
The decision assumes significance following the enthusiastic response from retail investors in the Friday's stake sale in steel major SAIL, which fetched the government Rs 1,715 crore (Rs 17.15 billion).
Some overseas investors refuse to be part of roadshows, citing environment risks
Priority right now, the defence minister said, is to restore normalcy.
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The ETF is expected to fetch the govt Rs 3,000 crore.
Floor price of SAIL to be set at Rs 83 a share.
Price correction over post-election peaks could throw disinvestment calculations awry.
At the same time, the chief minister added, "We have decided to review the policy to remove any misconceptions in this regard."
A tightrope walk ahead, especially as govt's fiscal deficit has already reached 99% of full-year estimates
Indian indices fell more than those of most other emerging markets.
Move aimed at avoiding crowding of public issues during the Centre's mega disinvestments in coming months.
Punjab National Bank has made a name for itself in recovery of bad loan dues. Usha Ananthasubramanian, managing director and chief executive officer of the government-owned lender, explains how it has achieved this reputation.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
All the poor people identified by the Socio Economic and Caste Census 2011 will be eligible for the scheme, officials said, adding that it will be linked to Aadhar but will not be a mandatory condition for availing the benefit.
The Union Cabinet on Wednesday decided that 10 per cent of the government's stake in Coal India Ltd would be sold. Similarly, the sale of five per cent of its stake in ONGC and 11.4 per cent in the hydropower public-sector unit, NHPC, has been cleared.
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.
Officials say a fall in global oil prices will reduce the government's subsidy burden, giving it a greater chance of hitting its ambitious fiscal deficit target of 4.1 percent of gross domestic product in the fiscal year to March.
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NTPC to be the worst hit, stock slides to five-year low on announcement.
Firms generated free cash flows in 2013-14, for the first time since the 2008 Lehman crisis
The Opposition National Conference and Congress lawmakers on Friday disrupted proceedings in both houses of the Jammu and Kashmir legislature, accusing the government of misleading people on the issue of transfer of power projects to the state, and created ruckus in the assembly as Speaker directed marshalling out of some members.
Ten trade unions to go on strike to protest against changes in labour laws
Investor confidence has evaporated amid fears over the rising cost of funding India's gaping current account deficit, prompting New Delhi to delay plans to raise much-needed funds through partial privatisations, finance ministry sources said.
If nothing is done, the country is set to become 83 per cent energy-import-dependent by 2040.
The Supreme Court asked the Union environment ministry to review six specific hydroelectric projects on the upper Ganga basin in Uttarakhand.
Despite crude comfort, heavy spending cuts needed to offset Rs 80k-cr revenue shortfall
An exercise to rationalise coal linkages which will optimize transport of coal and reduce cost of power is underway.
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