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Govt invites bids to divest entire 63.75% stake in Shipping Corp The last date for submitting the bids is February 13, 2021 The Ministry of Finance on Tuesday said that it is inviting global expression of interest for strategic disinvestment of 63.75% shares held by Govt of India in Shipping Corporation of India (SCI), along with the transfer of management control. The government said this in an advertisement by the Department of Investment and Public Asset Management. It has appointed RBSA Capital Advisors LLP as its transaction advisor to manage the disinvestment process. The last date for ...

Centre plans tough annual targets for PSUs to make them disinvestment ready The government, which is trying to rein in its fiscal deficit, wants state-run firms to focus on improving market capitalisation and dividend payouts from the 2021/22 fiscal year Reuters | December 21, 2020 | Updated 18:06 IST India plans to set tough financial targets for state-run firms to try to improve their valuations ahead of a push by Prime Minister Narendra Modi to privatize some companies, according to a draft government document and sources. The government, which is trying to rein in its fiscal deficit, wa...

BW Businessworld India Plans Tough Annual Targets For State Firms To Boost Valuations State-run companies have traditionally largely targeted raising output and increasing revenues, rather than improving efficiency and valuations, contributing to years of share price underperformance versus the broader market. Photo Credit : India plans to set tough financial targets for state-run firms to try to improve their valuations ahead of a push by Prime Minister Narendra Modi to privatize some companies, according to a draft government document and sources. The government, which is trying to rein in...

India plans tough annual targets for state firms to boost valuations - sources SECTIONS Last Updated: Dec 21, 2020, 10:29 AM IST Share Synopsis The government, which is trying to rein in its fiscal deficit, wants state-run firms to focus on improving market capitalisation and dividend payouts from the 2021/22 fiscal year, starting April, as well as ramping up the sale of non-core assets, the sources said. Agencies The new annual target structure has yet to be approved by the committee, which comprises officials from various ministries and the cabinet secretary, the first source said. India pl...

Stocks to Watch: PSU banks, automobile companies, DHFL, RIL On Friday, Sensex closed at 46,960.69, up 70 points, while Nifty settled at 13,760.55, up 20 points. 2 min read Foreign portfolio investors (FPIs) have pumped in ₹54,980 crore in Indian markets in December so far amid excess liquidity in global markets and expectation of fresh stimulus. FPIs invested ₹48,858 crore into equities and ₹6,122 crore into debt segment during 1-18 Dec Share Via New Delhi: Following are the top 10 stocks that could be in news on Monday: PSU Banks: The Confederation of Indian Industry (CII) has urge...