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Stating that a national discourse is required for finding an alternative revenue generation method, the BMS said otherwise all the public sector undertakings and other assets would be sold at throwaway prices.
In what could be seen as a leap in disinvestment ambitions, the Centre has decided to go for the public listing of the country's largest financial institution, the Life Insurance Corporation (LIC).
The scrip debuted at Rs 275, up 41 per cent on the BSE. During the day, it climbed 57.43 per cent to Rs 307. It later closed at Rs 300.10, showing a sharp gain of 53.89 per cent from the issue price.
The 30-share Sensex rose by 199.31 points or 0.49 per cent to end at a new life-time high of 41,020.61 as 24 of its constituents ended in the green.
Without specifying the exact transgressions, Piyush Goyal said his ministry has received complaints from the traders body CAIT alleging violations of norms by these players.
The company's market valuation stood at Rs 10,972 crore in morning trade.
The Companies Act 2013 has a section that enables interested parties to file a class action suits. But so far no case has been filed under this provision.
SBI MD Arijit Basu said the upfront capital infusion will be for those banks which are not in shape to access the market immediately.
The CEO said the airline remains committed to its path of a rapid build-up of airline connectivity within India and to international destinations.
Uber currently operates in 40 Indian cities and the country accounts for an estimated 11 per cent of its global rides.