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Divestment pushed back as PSUs don't fancy buybacks
Ministries seek more discussions, Cabinet defers decision. The Cabinet on Wednesday postponed a decision on disinvestment in PSUs through share buybacks and other means. Several administrative ministries sought more discussions, and said the companies had no cash to spare for buybacks. Within a couple of hours of the deferment, Finance Minister Pranab Mukherjee convened a meeting of top ministry officials,

DLF: A positive step
While recent asset sale brings it closer to divestment target, success of new launches is critical to cash flows.

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Gujarat HC gives more time to NMCE promoter to divest stake

The Ahmedabad High Court on Thursday put a stay on a part of the order issued by the Forward Markets Commission (FMC) on Kailash Gupta, the promoter of Neptune Overseas Ltd (NOL). NOL owns an

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Jamaica sells 3 sugar estates to Chinese firm

Jamaica's government signed over its three remaining sugar estates to a Chinese company in a privatization deal Monday that has been a long-standing goal of Prime Minister Bruce Golding's

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Statoil sells stake in Gassled for $3.2 billion
Norwegian oil company Statoil ASA will sell the majority of its stake in gas transportation company Gassled to a holding company for 17.35 billion Norwegian kroner ($3.2 billion).

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Market Voice: Rajesh Jain, Religare Securities

Religare Securities EVP & head (retail research) Rajesh Jain tells Abhishek Vasudev it is difficult to say whether the government will able to achieve its desired

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