The central government has announced its decision to divest 26 percent of its total 54.03 percent stake in state defense and engineering company BEML Ltd. BEML has notified the decision to BSE. Confirming the development, the Department of Investment and Management of Public Assets (DIPAM) said that the Preliminary Information …
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NEW DELHI: On Sunday, the government invited preliminary offers for the strategic sale of 26 participation percentage With to transfer control of defense management PSU BEML. “The government has issued the PIM / EOI for the divestment of 26% of BEML Ltd’s share capital together with the transfer of management …
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CALCUTTA: Finance Minister Nirmala Sitharaman said on Thursday that the government has taken various measures to support the economy but no amount of intervention will be adequate to deal with the crisis triggered by the Covid-19 pandemic. Addressing the annual general meeting of the Indian Chamber of Commerce (ICC), Sitharaman …
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New Delhi: The government has received three preliminary offers to buy a majority stake in India’s second-largest fuel retailer, Bharat Petroleum Corporation Ltd (BPCL), Oil Minister Dharmendra Pradhan said on Wednesday. Oil mining conglomerate Vedanta confirmed on November 18 that it had submitted an expression of interest (EoI) to buy …
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New DelhiIndia’s Petroleum Minister Dharmendra Pradhan said on Wednesday that the privatization of state-owned Bharat Petroleum Corporation Ltd (BPCL) has received three preliminary offers. In a webinar organized by Swarajya magazine, Pradhan said that there was a lot of interest in BPCL and that the Department of Investment and Public …
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Initial offers for the privatization of Bharat Petroleum Corp Ltd (BPCL) are due to close on Monday amid indications that large British companies BP Plc, Total of France and Saudi Aramco are unlikely to submit offers. The government, which is selling its entire 52.98 percent stake in India’s second-largest oil …
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Faced with a revenue crisis, the government has asked wealthy state-owned companies to start paying dividends on a quarterly basis, even as it has demanded a larger share of the profits of all their companies. Aiming for a “predictable and tiered” dividend regime, the government has also told state-owned companies …
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