ONGC receives govt approval to sell stake in IOC, GAIL
Oil and Natural Gas Corp (ONGC)Â has received government approval for selling its stake in IOC and GAIL, to fund HPCL acquisition worth Rs.36,915 crore. Currently,...
Tag : Government
RBI likely to provide extra dividend to government for FY18
The Reserve Bank of India (RBI) is likely to provide extra dividend to the government for the ongoing financial year. The Center has requested an additional dividend...
Bank of India receives Rs.2,257 crore from government
Bank of India (BOI) has received a capital infusion of Rs.2,257 crore from the government. In a BSE filing the BOI stated, “The bank has on...
Government lowers small savings schemes interest rates by 20 bps
The government has lowered interest rates on small saving schemes, including NSC and PPF by 0.2% point for the Jan-March period from the rates applicable...
Government plans to lower its stake in 8 PSBs
Government is in the process of lowering its stake in public sector banks (PSBs) below 75%, for complying with SEBI’s norm of minimum public shareholding...
Government has approved second tranche of capital infusion in PSU banks
The government has provided its approval for the second tranche of capital infusion in public sector banks for enhancing their capital base. Dena Bank has...
SBI aims to raise Rs 5,681 cr from preferential issue to government
The State Bank of India has said that it will be raising Rs 5,681 crore through issuance of preferential shares to the central government, its...
Govt has approved Rs 1,799 crore new dry dock at Cochin Shipyard
The government has approved construction of a new dry dock at Cochin Shipyard Ltd (CSL) at a cost of Rs 1,799 crore for increasing the...
Government has approved Rs 6,000 crore package for textile sector
The government has cleared a Rs 6,000 crore package to textile and apparels sector for helping it wrest a bigger share of the global market....
Government has approved 100% FDI in scheduled airlines, defence
On Monday, the government has liberalised its foreign direct investment strategy for providing major impetus to employment and job creation in India. According to an...