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Former RBI chief Raghuram Rajan suggests state asset sales to bail out banks

Finance

07 September, 2017

Former RBI chief Raghuram Rajan suggests state asset sales to bail out banks

India could sell stakes in state-owned companies to fund a bank recapitalisation and revive growth without straying from the path ......

Govt raises $1.4 bn from NTPC stake sale

Infrastructure

31 August, 2017

Govt raises $1.4 bn from NTPC stake sale

The Indian government has raised 91.36 billion rupees ($1.4 billion) from a share sale in state-run utility NTPC Ltd, according ......

Govt mops up $186 mn from Nalco stake sale

Manufacturing

20 April, 2017

Govt mops up $186 mn from Nalco stake sale

The government raised Rs 1,200 crore ($186 million) by selling a 9.2% stake in state-run National Aluminium Co (Nalco), in ......

Govt kicks off FY18 disinvestment process with $200 mn Nalco stake sale

Manufacturing

19 April, 2017

Govt kicks off FY18 disinvestment process with $200 mn Nalco stake sale

The government is selling a stake of up to 10% in state-run National Aluminium Company (Nalco) to raise as much ......

Govt plans stake sales worth $5.4 bn in Indian Oil, six other state-run firms

Infrastructure

17 April, 2017

Govt plans stake sales worth $5.4 bn in Indian Oil, six other state-run firms

India plans to sell stakes worth $5.4 billion in seven state-run companies during the current financial year as Asia's third-largest ......

Govt raises just under $1 bn via ITC stake sale

Consumer

07 February, 2017

Govt raises just under $1 bn via ITC stake sale

The government on Tuesday sold a 2% stake in cigarette maker ITC Ltd for Rs 6,690 crore ($993 million) as ......

Govt sets record disinvestment target for FY18

General

01 February, 2017

Govt sets record disinvestment target for FY18

The government on Wednesday laid out a record disinvestment target for the forthcoming financial year as part of measures to ......

Will railways lose its autonomy post the merger of rail & general budget?

General

21 September, 2016

Will railways lose its autonomy post the merger of rail & general budget?

The Union Cabinet on Wednesday approved a proposal to merge the railway and the general budgets. This will end a ......

Economy round-up: Inflation slows, factory output shrinks, stocks slump

General

12 September, 2016

Economy round-up: Inflation slows, factory output shrinks, stocks slump

The week began on a pessimistic note on Monday with renewed fears of a rate hike in the US dragging ......

Govt starts process to sell stakes in private companies

General

08 July, 2016

Govt starts process to sell stakes in private companies

The Indian government has invited bids from bankers to sell its minority stakes in many listed and unlisted companies as ......