Five years later, it is obvious Maruti is the better bet.
It is likely the airports - Chennai, Kolkata, Kochi, Pune, Ahmedabad, Jaipur, Lucknow and Guwahati - will be bid out for 30 years and the tariffs will be fixed upfront.
Loss-making government carrier Air India should be partly privatised, as private investors would focus on maximising profit and, in turn, solve the carrier's operational issues, a study commissioned by the corporate affairs ministry has said.
Chief Minister Arvind Kejriwal was 'party to the criminal conspiracy' of the formulation and implementation of the Delhi Excise Policy since the beginning, the Central Bureau of Investigation (CBI) has alleged in its latest supplementary charge sheet in the case.
A Russian company has 'privatised' the popular 'smiley', the smiling face symbol popularly used by netizens to express their feelings, and will now seek royalty for its commercial use.
Employees of the Airports Authority of India have strongly opposed the move to privatise the airports in Mumbai and Delhi in the "guise" of their being restructured or leased out.
The privatisation programme of the public sector State Trading Corporation has been put on the backburner, its CMD Aravind Pandalai said on Tuesday.
Prime Minister designate Manmohan Singh on Thursday said the public sector units like the Oil and Natural Gas Corporation and Gail would not be privatised.
The 2022-23 Budget has projected a disinvestment target of Rs 65,000 crore for next financial year. This is significantly lower than the estimated Rs 1.75 lakh crore budgeted for 2021-22. In the revised estimates, the target for 2021-22 has been cut to Rs 78,000 crore.
Union Railways Minister Suresh Prabhu on Wednesday said the Centre was seeking private capital investment in cash-strapped Railways to meet the resource crunch and it does not amount to privatisation as the Railways unions claim.
Labour unions on Monday threatened to go on a lightning strike the day government invited bids for privatising highly profitable oil public sector units HPCL and BPCL.\n\n\n\n
Instead of giving away the airports to the private sector 'on a platter', state-run Airports Authority of India should form a subsidiary or a special purpose vehicle to grant management contracts to entities having expertise in the field, the panel recommended.
The remark came at an event in Lucknow where he accused Narendra Modi of being a monarch and not a prime minister, calling him a front for 'two-three financiers'.
The employees associated with various unions of AAI have formed a joint forum and started the three-day-long strike in front of the Civil Aviation Ministry at Rajiv Gandhi Bhawan here and at AAI offices across the country.
In a late night development, chairman of the state-run Airports Authority of India, V P Agarwal, was removed from his post apparently because of his "opposition" to privatisation of more airports in the country, sources said.
In an interview to CFO Asia, a publication of The Economist Group, Montek Singh Ahluwalia said the general public was opposed to privatisation of state-owned enterprises although they feel that public sector was inefficient and corrupt.
There is no industry in India where the licence-permit raj hinders entry more than in the case of banking.
Indian Railways may not be privatised, says Prime Minister Narendra Modi.
"The maintenance of retiring rooms at New Delhi Station and Old Delhi Station is to be outsourced to offer modern amenities to customers," said a senior official of Northern Railway.
The finance minister continues to be backed by the same policy team in charting out the broad strategy as in the few earlier Budgets.
Gandhi claimed that Dalits, tribals, and Other Backward Classes were made bonded labourers and their participation was lacking in big companies, hospitals, schools, colleges and courts.
Do you think that airport modernisation should be privatised? Or do you agree with the employees' demands? What do you think? Tell us.
The government on Wednesday ruled out privatisation of PSU banks but asked them to focus on convergence and opt for mergers and acquisitions to become globally competitive.
The government plans to bring down its stake to 26 per cent in these two banks, which are yet to be identified. This may not come in the way of getting investors for these banks, provided the government is willing to step back rather than run them the way it had been doing for over five decades since these banks were nationalised, points out Tamal Bandyopadhyay.
The new Minister for Shipping Road Transport and Highways T R Baalu on Wednesday ruled out privatisation of the national flag carrier Shipping Corporation of India but saw no problems in giving berths on ports to private firms.
The report said that out of them, six are generation companies, 11 distribution firms and one transmission entity. The process of privatisation is being handled by Nigeria's Bureau of Public Enterprises (BPE).
'There are ominous portents of an isolationist administration not only building a physical wall to the south to prevent unwanted immigrants from entering the land of milk and honey, but also trade walls not just against China, but all nations,' foresees Sreekant Sambrani.
The government will press ahead with its stalled privatisation programme and sell stakes in two refiners, Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp Ltd, Divestment Minister Arun Shourie said.
Better protection for depositors and investors was one of the chief considerations in Union Finance Minister Nirmala Sitharaman introducing, on Friday, the Banking Laws (Amendment) Bill, 2024, in the Lok Sabha to amend four pieces of legislation. This amendment is also to improve audit quality in public-sector banks (PSBs), offer consistency in reporting by banks to the Reserve Bank of India (RBI), and provide for an increase in the tenure of directors in cooperative banks.
Anti-graft crusader Anna Hazare on Wednesday said he would rally against the government's decision of privatisation and opening of retail sector to foreign markets.
The government on Monday assured the Rajya Sabha that it was not seeking to privatise the Airports Authority of India, but was only trying to spruce up the country's image by providing world-class airports.
Minister said the government wants to bring them back to profitability.
Crying foul, the Opposition on Friday alleged in the Lok Sabha that there was a deliberate design to make state carrier Air India bankrupt in order to privatise it, prompting the government to rule out privatisation and promise administrative and monetary steps to turn it around.
A coalition of five employee unions of state-run Shipping Corporation of India have called a strike on December 16 to protest against the firm's divestment.
'If the NDA comes to power with 320-330 plus seats, then we could see some correction. We could possibly see a level of 19,500 to 20,000.' 'If the NDA comes to power with a majority of 400-plus, we could see the markets going to about 23,500-24,000 levels.' 'And from there we could see some correction because markets are expensive at this point of time and a correction is overdue.'
