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The government is in advanced stage to appoint advisor for proposed strategic stake sales in Scooters India .
Italian bike brand Ducati saw new suitors lining up for a potential buy-out while closer home Japanese bike giant Honda launched the most affordable scooter to further strengthen its presence in that segment. Here is a full list of such developments that you will need to know about the automotive world.
With forecast of a normal South-west monsoon and recovering bike sales after the effects of demonetisation, two-wheeler makers are lining up strong capex plans and a slew of new product launches to drive growth this fiscal.
Established in 1985, in technical and financial collaboration with Showa Corporation of Japan, Munjal Showa is among the pioneering global leaders in the manufacture of shock absorbers.
The government will opt for the strategic disinvestment route to sell of the stake in Scooters India
Even as the Supreme Court verdict on Wednesday banning sale of polluting BS-III vehicles was delivered, it has predictably led to a mad scramble among dealers to sell their old stock before April 1 deadline.
Government think-tank NITI Aayog is preparing a fresh cabinet note recommending closure of 7 more sick CPSEs as part of an exercise to tackle mounting losses incurred by these entities.
Niti Aayog is recommending immediate stake sales in 12 central public sector enterprises (CPSEs). Hindustan Antibiotics, Scooters India, National Textile Corporation, Fertilisers and Chemicals Travancore and Hindustan Fluorocarbons have been identified in the second round.
(Jan 6): India’s plans to sell the government’s stake in several poorly performing companies have prompted trade union threats of a nationwide strike, laying out a test for Prime Minister Narendra Modi in the lead up to crucial state elections.
Indian Prime Minister Narendra Modi faces a big test in the coming crucial state elections with plans to sell government stakes in a number of poorly performing companies. — Reuters picNEW DELHI, Jan 6 — India’s plans to sell the government’s stake in several poorly performing companies have prompted trade union threats of a nationwide strike, laying out a test for Prime Minister Narendra Modi in the lead up to crucial state elections.
New Delhi : As many as 15 public sector firms including ONGC and Indian Oil Corporation have failed to comply with regulator Sebi’s norms to appoint at least one woman director on their respective boards till December 13, Parliament was informed on Friday.
All listed firms were required to have at least one woman director on their boards from April 1, 2015 , as per a new Sebi directive, as also under the Companies Act, 2013.
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New Delhi : The Union Cabinet today gave in- principle approval to Niti Aayog’s proposal for strategic sale in over a dozen public sector undertakings (PSUs) including those that are making profits.
Govt plans to sell a 26% stake in wagon maker BEML as well as auction holdings in a clutch of other companies to help meet a record asset-sale target
New Delhi: After a 12-year hiatus, the government is set to revive strategic sale of state-owned companies with the Cabinet likely to consider shortly the outright sale of stake in over a dozen PSUs including the profit making ones. “The strategic sale will come up before the Cabinet very shortly,” a top source said. NITI Aayog has prepared a list of public sector units where the government can sell its majority stake to private companies in order to bring in greater efficiency and professionalism in functioning, reports PTI.
The two-wheeler industry is likely to record double-digit growth this fiscal thanks to a good monsoon, benefits of the Seventh Pay Commission and new launches.
R Sreenivasulu, currently working as the Deputy General Manager/in-charge (construction)/structural mills of rolling mills at Visakhapatnam steel plant, has been selected as the Chairman and Managing Director of Scooters India under the Ministry of Heavy Industries. He will take charge of the new assignment on October 6, according to a press release.
New Delhi : Heavy Industries Ministry is likely to seek Cabinet approval for “strategic disinvestment” of loss making automaker Scooters India, a top official said on Friday.
Equity benchmarks closed higher for third consecutive session but were off day's high due to some profit booking in afternoon trade.
New Delhi, Heavy Industries Ministry is likely to seek Cabinet approval for “strategic disinvestment” of loss making automaker Scooters India, a top official said today.
The broader markets turned lower with marginal loss. The market breadth also turned negative as about 1366 shares declined against 1293 advancing shares on the BSE.
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Strategic disinvestment denotes sale of substantial portion of government shareholding in identified CPSEs up to 50 percent or more, along with transfer of management control.
The government aims to collect Rs56,500 crore through disinvestment in PSUs this fiscal, as per the Union Budget for 2016-17