Divestment

The Centre could further moderate its divestment target for 2024-25 (FY25), as it does not expect large receipts from asset sales — except some ongoing strategic ones, including IDBI Bank, which could spill over into next financial year.…

:Business software maker SAP on Friday slightly lowered its outlook due to the divestment of its Qualtrics unit while reporting first-quarter revenue growth that beat expectations.SAP reported revenue growth of 10 per cent in the first…

NEW DELHI: The steel ministry clarified on Friday that the disinvestment of Rashtriya Ispat Nigam (RINL) is under progress, a day after Union minister of state for steel Faggan Singh Kulaste said the Centre has frozen plans to privatise …

Steelmaking in process at the Visakhapatnam Steel Plant in Visakhapatnam. | Photo Credit: K.R. Deepak The Union Ministry of Steel has said there is no freeze on the disinvestment process of Rashtriya Ispat Nigam Limited (RINL), the…

TikTok was dismissive Wednesday of reports that the Biden administration was calling for its Chinese owners to sell their stakes in the popular video-sharing app, saying such a move wouldn’t help protect national security. The company…

Punjab National Bank (PNB), the…

<!-- -->Nirmala Sitharaman will present the Budget on February 1New Delhi: The government had set a divestment target of Rs 65,000 crore for the fiscal year 2022-23. However, it failed to meet the target and could raise only Rs…

Ahead of the Budget, the government has achieved almost half the divestment target of Rs 65,000 crore.FY23 divestment receipts are unlikely to be anywhere close to the budgeted target. The government may add small- and mid-cap central…

Last Updated: January 06, 2023, 11:32 ISTThe government would also not have any representation on IDBI Bank's board.IDBI Bank shares were up 5 per cent at Rs 57.25 on the BSE in Friday’s intra-day trades in an otherwise subdued marketIDBI…

Tobacco company Philip Morris International has divested all of its shares from Medicago, a Canadian vaccine collaborator whose plant-based COVID-19 vaccine, Covifenz, was initially rejected by the World Health Organization over its ties…