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The subsidiary will be responsible for planning and executing integrated programs aimed at the development of nuclear energy. It will also handle the construction, operation, and management of nuclear power stations and related facilities across India.
This joint venture will focus on the development of the Intra State Transmission System in the State of Rajasthan. POWERGRID holds a 74% equity share in the joint venture, with RVPN holding the remaining 26%.
The Department of Investment and Public Asset Management (DIPAM) Secretary announced today that the government’s Offer for Sale (OFS) in General Insurance Corporation of India (GIC) will open tomorrow for non-retail investors.
The government received numerous bids for the privatisation of Shipping Corporation of India in March 2021. The demerger procedure, however, was delayed.
Given the number of regulatory procedures to be fulfilled, the government would unlikely to meet the deadline of the fourth quarter in the current financial year.
The rumours began to surface after Bloomberg had reported earlier that the conglomerate would re-acquire the national airline 68 years after relinquishing its control to the government when Air India was nationalised in 1953.
The Tata Group, through its holding company and SpiceJet chairman Ajay Singh, is likely to make its financial bid for the airline in its personal capacity.
The government aims for absolute privatisation of Air India and Bharat Petroleum Corporation Ltd (BPCL) current year, Tuhin Kant Pandey, Secretary at the Department of Investment and Public Asset Management (DIPAM) asserted this Wednesday.
The Centre’s proposed new policy to have not more than four public sector undertakings (PSUs) in each ‘strategic sector’ will likely apply to the banking sector too, Department of investment and public asset management (DIPAM) secretary Tuhin Kanta Pandey.
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