PSU

Govt may not announce capital infusion for PSU banks in Budget

Govt may not announce capital infusion for PSU banks in Budget

Besides, sources said, banks may also look for divesting or selling their non-core business as part of fund raising exercise during 2020-...Read More

Five major announcements made by Nirmala Sitharaman on disinvestments of PSUs

Five major announcements made by Nirmala Sitharaman on disinvestments of PSUs

Bringing an end to months of anticipation over the government lowering its stake in major public sector undertakings (PSU), the Union Cab...Read More

IRCTC IPO subscribed 112 times

IRCTC IPO subscribed 112 times

New Delhi: The initial public offering of Indian Railway Catering and Tourism Corporation (IRCTC) was a huge hit among investors as it go...Read More

It's official, 23 PSUs up for strategic disinvestment

It's official, 23 PSUs up for strategic disinvestment

The Finance Ministry informed Parliament on July 22 that in 2018-19, the proceeds from disinvestment were Rs 84,972 crore.

J&K approves reforms to streamline functioning of PSUs, bring transparency

J&K approves reforms to streamline functioning of PSUs, bring transparency

There have been issues related to transparency, equity and economy of expenditure in the creation of posts and recruitment which hencefor...Read More

Govt asks banks, PSUs to review staff's service records to weed out corrupt, non-performing ones

Govt asks banks, PSUs to review staff's service records to weed out corrupt, non-performing ones

The Personnel Ministry has written to secretaries of all central government departments asking them to carry out the review of all catego...Read More

Doubling tax-free gratuity limit to Rs 20 lakh to benefit PSU, pvt sector employees:  Arun Jaitley

Doubling tax-free gratuity limit to Rs 20 lakh to benefit PSU, pvt sector employees: Arun Jaitley

New Delhi: Finance Minister Arun Jaitley said Tuesday the decision to double tax-free gratuity limit to Rs 20 lakh will benefit public an...Read More

NPAs of PSU banks has improved

NPAs of PSU banks has improved

New Delhi: The government is following the policy of amalgamating public sector banks to create healthy large banks which are globally co...Read More

HAL hands over 3 advanced light choppers to Indian Army

HAL hands over 3 advanced light choppers to Indian Army

Bengaluru: The state-owned defence PSU Hindustan Aeronautics Ltd on Friday handed over the first three advanced light helicopters (ALHs) ...Read More

HAL a ‘strategic asset’, says Rahul Gandhi as he steps attack over Rafale deal

HAL a ‘strategic asset’, says Rahul Gandhi as he steps attack over Rafale deal

Bengaluru: Congress president Rahul Gandhi today described HAL as a “strategic asset” in aerospace, saying the country owed a debt to it,...Read More

Maharashtra: Despite CM Fadnavis’ order, banks deny crop loans to farmers

Maharashtra: Despite CM Fadnavis’ order, banks deny crop loans to farmers

Mumbai: Chief Minister Devendra Fadnavis, though had instructed Public Sector Undertaking (PSU) banks to disburse crop loans to the farme...Read More

Sensex dives 224 pts as Turkish crisis frightens investors

Sensex dives 224 pts as Turkish crisis frightens investors

Mumbai: The benchmark Sensex today logged its second straight session loss, tumbling over 224 points to a near two-week low of 37,645 on ...Read More

PSUs: When a promise is not a promise

PSUs: When a promise is not a promise

On March 13, 2018, the Parliament’s Lower House, the Lok Sabha, passed without debate two finance bills and 218 amendments. These include...Read More

Nifty snaps 6-day fall, jumps 88 points

Nifty snaps 6-day fall, jumps 88 points

Mumbai: The Nifty rebounded on bargain hunting after a sell-off in the last six sessions, rising by 88 points to 10,242.65 backed by shor...Read More

‘Privatise ONGC, selling 18% can fetch Rs 41K cr’

‘Privatise ONGC, selling 18% can fetch Rs 41K cr’

New Delhi : The government should privatise Oil and Natural Gas Corp (ONGC) rather than giving away its prime producing oil and gas field...Read More

Stocks fall ahead of GDP numbers, F&O expiry

Stocks fall ahead of GDP numbers, F&O expiry

Mumbai: The BSE Sensex fell by 185 points in early session today due to losses in realty, power, PSU, metal and infrastructure stocks ami...Read More

Sensex drops 85 points on profit booking

Sensex drops 85 points on profit booking

Mumbai: The benchmark BSE Sensex fell by 85 points in early session today as power, PSU, metal and oil & gas, FMCG and banking stocks...Read More

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Government stake in EIL down to 54%, corners Rs. 659 cr

New Delhi : The government shareholding in Engineers India Ltd has fallen to 54.17 per cent after it sold some shares under the company’s...Read More

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Govt sells 9.2% stake in Nalco, raises `1,200 cr

New Delhi : The government on Thursday raised over Rs 1,200 crore through the sale of 9.2 per cent stake in Nalco as both retail and inst...Read More

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Par panel wants banks to devise mechanism to detect NPAs early

Gross NPAs of public sector banks increased to ` 6,06,911 crore while total stressed assets of scheduled commercial banks stood at ` 9.64...Read More

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