Page 2 - Dipam

Non-core asset sale: Bidding of BSNL land assets fails to garner interest

DIPAM asks its property consultants to identify issues in criteria; bidding likely to take place again

Top headlines: Fresh blow to Musk's India plans; IndiGo posts profit in Q3

Business Standard brings you the top headlines on Friday

Govt will wait for more suitors to sell BPCL, says DIPAM Secretary

So far three suitors -- the Vedanta group, Apollo Global Management Inc. and I Squared Capital Advisors -- have expressed interest in buying the government's 53% stake in BPCL.

DIPAM Secretary on the disinvestment road map

Soon after Finance Minister Nirmala Sitharaman's Budget 2022 presentation, Business Standard caught up with DIPAM Secretary Tuhin Kanta Pandey for a perspective of the govt's disinvestment road map

LIC's embedded value set at over Rs 5 trn: DIPAM Secretary

Investors are eagerly waiting for the government to indicate LIC's embedded value when it releases the IPO draft prospectus, expected in a matter of days

Working group monitoring back-end tech readiness for LIC IPO: DIPAM Secy

In a Q&A, Tuhin Kanta Pandey that as crores of applications are expected, testing to that scale is needed to avoid hiccups in the application process and movement of funds

Draft LIC IPO prospectus to be filed by next week, issue in Mar: DIPAM Secy

LIC's listing is crucial for the government to meet the lowered disinvestment revenue estimates of Rs 78,000 cr for the current fiscal

Govt has settled Rs 61,000 cr debt, liabilities of Air India: DIPAM Secy

In a Q&A, Tuhin Pandey also said govt plans to list LIC in this financial year

LIC to list on bourses by March 31, says DIPAM Secretary

'LIC disinvestment amount will be included in this year's (Budget) because we aim to list it before March 31,' says Tuhin Kanta Pandey

What is the difference between privatisation and disinvestment?

Loss-making national carrier Air India was privatised last year. And the government is going ahead with LIC disinvestment this year. Find out the difference between these two terms

BPCL, Bina Refinery merger plan gets DIPAM go-ahead

The merger is likely to bring synergy in terms of raising the operational and financial efficiency of BPCL, including crude oil procurement, and the working capital requirements

Centre to relax lock-in period for sale of NINL assets to one year

The condition for the sale would be subject to the sale proceeds being utilised for the company within three years

Four CPSEs pay Rs 5,155 crore dividend to govt: DIPAM Secretary

The government has received Rs 5,155 crore as dividend tranches from four CPSEs, DIPAM Secretary Tuhin Kanta Pandey said on Monday.

Non-core asset monetisation: Govt invites bids to sell 6 BSNL, MTNL assets

Non-core asset monetisation commences with the first set of six properties of BSNL/ MTNL bid out on the MSTC portal, tweets DIPAM Secretary

Market wrap: Sensex falls for a second day; Nifty ends below 17,900

Cabinet approves Rs 6,466-crore fund for telecom infra; LIC IPO expected by Q4, says DIPAM secretary; Go Fashion IPO sails through on first day

No tie-up with airlines for govt staff after Air India-Tata deal

The government is not mandating travel by any particular airline, going forward, after handing over Air India because there won't be any state-owned airline, said DIPAM secretary

Facing backlash, Ministry of Railways scraps IRCTC fee sharing order

Stock tanked 30% intraday before it recovered from losses

Must consider shareholder interests: DIPAM secretary Tuhin Kanta Pandey

'DIPAM has been advising ministries to carefully evaluate any policy changes which play a larger part in the functioning of PSUs', said Pandey

FinMin to seek Cabinet nod to set up firm to monetise some CPSE land assets

A special purpose vehicle (SPV) in the form of a company would be set up to hold these assets which would be monetised to fetch value to the exchequer: DIPAM Secy

Govt gets financial bids for Central Electronics after Air India deal

The govt seeks to disinvest its 100% shareholding in the PSU, buyer to observe three-year lock in