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Central govt gives in-principle nod for strategic divestment in IDBI Bank

Finance

Central govt gives in-principle nod for strategic divestment in IDBI Bank

The government has given an in-principle approval for strategic divestment along with transfer of ...

Grapevine: Govt mulls Bhel stake sale; Blackstone closes in on Embassy Industrial Parks

General

Grapevine: Govt mulls Bhel stake sale; Blackstone closes in on Embassy Industrial Parks

The Union government may consider Bharat Heavy Electricals Ltd (Bhel), Mecon Ltd and Andrew Yule and...

Govt invites initial bids for 26% stake in state-run BEML

Manufacturing

Govt invites initial bids for 26% stake in state-run BEML

India has invited initial bids from private firms for a 26% stake in state-owned defence and ...

Govt eyes asset sales to partly fund higher spending next year

Economy

Govt eyes asset sales to partly fund higher spending next year

India is likely to spend more next fiscal year than this year's budgeted $415 billion and ...

Govt seeks bids to sell majority stake in Shipping Corporation of India

Infrastructure

Govt seeks bids to sell majority stake in Shipping Corporation of India

The Indian government on Tuesday invited bids to sell its 63.75% stake in Shipping Corporation of ...

Govt plans tough annual targets for state-run firms to boost valuations

Finance

Govt plans tough annual targets for state-run firms to boost valuations

India plans to set tough financial targets for state-run firms to try to improve their valuations ...

Govt extends deadline for initial bids to buy Bharat Petroleum

Manufacturing

Govt extends deadline for initial bids to buy Bharat Petroleum

India said on Wednesday it has extended the deadline for submitting initial bids to buy state-owned ...

BPCL sale may be delayed until next fiscal year, worsening federal deficit woes

Manufacturing

BPCL sale may be delayed until next fiscal year, worsening federal deficit woes

India's efforts to privatise refiner Bharat Petroleum Corp. Ltd. could spill over into the next ...

Warship maker Mazagon Dock targets nearly $400 mn valuation in IPO

Manufacturing

Warship maker Mazagon Dock targets nearly $400 mn valuation in IPO

State-run warship maker Mazagon Dock Shipbuilders Ltd is seeking a valuation of as much as Rs 2,924....

Govt keen to speed up stake sale in IDBI Bank, three others

Finance

Govt keen to speed up stake sale in IDBI Bank, three others

Indian Prime Minister Narendra Modi's office has asked officials to speed up the process of ...