PSU

Hard pressed for funds, the government today approved the proposal for expediting disinvestment through the buyback route under which blue chip state-owned companies will buy its stake.

The decision to

Shares of various public sector companies today gained ground after the government approved buyback of shares by certain PSUs as part of the divestment programme.

The Cabinet today approved the

Cabinet approval may not be required for the finance ministry to go ahead with its plan of PSU disinvestment through buyback and private placement mode, a top official said.

As

Filling up of vacancies reserved for SCs/STs and OBCs in PSUs is proposed to be incorporated in their annual performance appraisal by the government, sources said.

The Department of Public

Amid inter-ministerial differences, the Union Cabinet today deferred a decision on proposal of Disinvestment Department to raise Rs 40,000 crore from divestment of PSUs through buyback and other modes.

"The

Coal India's (CIL) board of directors has approved a proposal for the mining firm to acquire stakes in unlisted overseas firms, provided the "offers were valid".

The decision was taken