Shipping Corporation

The broader markets ended with deeper losses, with both the BSE Midcap and Smallcap indices down over 1.5 per cent each; the breadth too at 2:1 was in favour of the bears.

Deadline for financial bids for privatising the firm was extended from January 18 as bidders sought a more detailed due diligence.

The shipping company had reported a net profit of Rs 141.89 crore in the corresponding quarter of the previous fiscal

State-owned Shipping Corporation of India Ltd (SCI) has reported a 52.94 per cent decline in consolidated net profit to Rs 158.51 crore for the first quarter of the current fiscal.

Disinvestment-bound Shipping Corporation of India on Monday said it has opened the virtual data room for potential bidders.

The findings by intermediaries revealed that the pending dues, for which a dispute was ongoing, were acknowledged by Shipping Corporation of India

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The Shipping Corporation was asked to draft the SPA and insert clauses based on the response received in road shows

Soaring demand, shortage of containers, saturated ports and too few ships have contributed to the squeeze on transportation capacity on every freight path.

As per government disinvestment plans two public sector banks (PSBs) and one general insurance company is to be privatised in fiscal 2021-22 (FY22) and aims to raise Rs 1.75 trillion.

Royal Enfield on Monday reported a 10 per cent increase in total sales at 69,659 units in February

Railway ministry denies charge, says divestment planned for next year

The government on Friday extended the deadline for submission of preliminary bids to buy Shipping Corp of India to March 1.

Non core assets of the company are being hived off and will not be a part of the sale

During the current fiscal year, the government has received Rs 12,380 crore in divestment receipts against the government's target of Rs 2.1 trillion

The government has decided to sell its entire 63.75 per cent stake in SCI

Moreover, for FY20, officials said the revised divestment plans will not be derailed because of cancelled road shows in the Far East over fears of Coronavirus

Currently, he holds the position of finance controller and general manager in charge of Corporate Accounts and Budget in SCI

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