The party said the strategic disinvestment of public sector enterprises was like 'selling the family silver to meet daily expenditure inevitably ruining the family'
The decision to undertake strategic disinvestment and transfer management control in entities like SCI, Concor, BPCL are welcome, Ficci said in a statement
The Centre hopes that disinvestment proceeds will make up for some of the revenue shortfall that is expected this year
Apart from BPCL, the Cabinet also approved divestment of its stake from Shipping Corp, THDC India, and NEEPCO, and most of its stake in Container Corporation of India (CONCOR).
The company should get good suitors as it is sitting on good infrastructure and has a stable business outlook; the valuation seems attractive
The Centre on Wednesday decided to go for sale of its entire 53.29 per cent stake and transfer of management control in BPCL to a strategic buyer
Finance Minister Nirmala Sitharaman said privatisation of BPCL will be without the company's equity shareholding of 61.65% in Numaligarh Refinery in Assam
The management control will continue to be retained with the government after considering equity held by other state-run companies in the divested firm
Bharat Petroleum Corporation (BPCL) hit a new high of Rs 548, up 6 per cent.
Her attack comes days after Sitharaman reportedly said the government was looking to wrap up the sale of state-run Air India and oil refiner and marketer BPCL by March 2020
BPCL will be a key to achieving the divestment target, of which only Rs 17,364 crore is met so far
The finance minister Nirmala Sitharaman has said that government stake sale in the company will be completed by March next year.
The finance minister stated the strategic disinvestment of the two state-run companies is critical for the government to meet its disinvestment target of Rs 1 trillion for the current fiscal year
BPCL will soon float tenders to seek term contracts for diesel exports
It is being speculated that the Union Cabinet may take up a proposal to privatise BPCL as early as next week.
It is being speculated that the Union Cabinet may take up a proposal to privatise BPCL as early as next week
Traditionally, oil marketing companies (OMCs) have been used by the government to push its inclusive agenda, the latest being the dole out of free cooking gas (LPG) cylinders to poor women households
Bharat PetroResources Ltd (BPRL), an exploration and production subsidiary of BPCL, had in August 2008 bought a 10 per cent stake in Area-1 Offshore of the Rovuma Block
The HC allowed ONGC's petition and quashed the notification. Appealing against the order, the ONGC Labour Union defended the notification in the SC
From Adani Group's plans to invest Rs 18,000 crore in airport business to Wipro promoting over 5,000 employees to check attrition rate, here are the top 10 business headlines on Monday