New Delhi: Finance Minister Pranab Mukherjee pegged the divestment target for the next financial year at Rs 30,000 crore, as against Rs 40,000 crore each in 2010-11 and 2011-12. Even with the recent auction of Oil and Natural Gas Corporation shares, the government has garnered only Rs 13,911 crore from disinvestment in 2011-12 till date. With the likely stake sale in National Buildings Construction Corporation slated this month, the total...
01:07 PM, Mar 16, 2012
Finance minister Pranab Mukherjea said 98.3 per cent of shares on offer were subscribed. ...
12:03 AM, Mar 02, 2012
New Delhi: Terming the ONGC stake sale as "a great success", Finance Minister Pranab Mukherjee on Thursday said the government has raised Rs 12,666 crore from auction of its 5 per cent stake in the oil major. "It is a great success...Our latest figure (from auction of ONGC shares) is now Rs 12,666 crore, which comes to 98.3 per cent subscription," he told reporters here. He said auction route to...
11:45 PM, Mar 01, 2012
New Delhi/Mumbai: After some hiccups and a late government intervention, the sale of government's 5 per cent stake in ONGC through an auction finally managed to sail through with an estimated proceeds of about Rs 12,000 crore to partly meet the disinvestment target of current fiscal. Hectic parleys were held for more than four hours after the end of the auction process at 1530 hours and a final tally of...
09:40 PM, Mar 01, 2012
Mumbai: The auction for sale of the government's five per cent stake in Oil and Natural Gas Corporation Limited (ONGC) fell short of expectations as bids were received for only 29 crore shares out of the 42 crore on offer. The ONGC auction on Thursday fell short of target and will raise just Rs 8,000 crore against the target of Rs 12,000-13,000 crore, a shortfall of at least Rs 4,000...
04:06 PM, Mar 01, 2012
New Delhi: Running against time to meet the Rs 40,000-crore disinvestment target, the Centre on Tuesday decided to offload 5 per cent stake in ONGC through auction route on March 1 at a likely floor price of Rs 290 a share that could fetch the Exchequer about Rs 12,000-13,000 crore. "The ONGC stake sale through the auction route (will take place) in couple of days," Oil Minister Jaipal Reddy told...
10:55 PM, Feb 28, 2012
Iranian President Mahmoud Ahmadinejad, however, said his country's nuclear programme is for peaceful purposes. ...
10:24 PM, Feb 15, 2012
Mumbai: After cutting the cash reserve ratio by 50 basis points, the governor of the Reserve Bank of India said that it was now the government's turn to take a step towards fiscal consolidations. Speaking exclusively to CNBC-TV18 for the first time since the RBI policy announcement on January 24, Deputy Chairman of Planning Commission Montek Singh Ahluwalia said that the government will signal fiscal consolidation in the Budget, but...
02:58 PM, Feb 01, 2012
Hitting back at BJP, Sibal orders probe into Tata-VSNL deal made during the NDA regime. ...
10:08 PM, Mar 22, 2011
New Delhi: A beleaguered UPA is now raking up dirt on the NDA and opening up a new front to target the Opposition. Telecom Minister Kapil Sibal has questioned the disinvestment of VSNL which took place during the NDA regime. Sibal has ordered a probe into the delay of demerging surplus land of 773 acres. The NDA government under Atal Behari Vajpayee had sold a 25 percent stake in the...
08:48 AM, Mar 22, 2011
The Coal India offering is expected to raise roughly $ 2.7 billion, in what could be India's largest share sale ever. ...
12:36 PM, Jun 15, 2010
Post disinvestment, the government's equity will fall to 69 per cent from 85.82 per cent currently. ...
02:22 PM, Apr 08, 2010
The disinvestment would generate revenue worth $2.5 billion. ...
07:24 PM, Mar 08, 2010
Last year it sold stakes in PSUs Oil India, NTPC, NHPC and REC. ...
03:44 PM, Feb 26, 2010
Banerjee said her party TC was opposed to large scale divestment. ...
11:13 AM, Nov 23, 2009
displayed with permission. Use of the CNN name and/or logo on or as part of CNN-IBN does not derogate from the intellectual property rights of Cable News Network in respect of them.
Disclaimer: Network18 Media & Investments Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
