PSU

Government gets Rs 32,835 crore from disinvestment in FY21

Government gets Rs 32,835 crore from disinvestment in FY21

The Centre has received a total of Rs 32,825 crore through disinvestment in the financial year 2020-21.As the disinvestment processes wer...Read More

Coal India approves 32 mining projects involving incremental investment of Rs 47,000 crore

Coal India approves 32 mining projects involving incremental investment of Rs 47,000 crore

State-owned CIL on Monday said its board has approved 32 coal mining projects in the current financial year (till January), indicating an...Read More

PSUs stocks turn show stoppers, up 79% from pandemic-lows

PSUs stocks turn show stoppers, up 79% from pandemic-lows

As the stock market has largely been on a bull run since hitting the decadal lows around a year ago, stocks of public sector undertakings...Read More

Privatisation to unleash exciting opportunities, boost investment: India Inc

Privatisation to unleash exciting opportunities, boost investment: India Inc

However, the industry called for an effective implementation of road map towards privatisation and asset monetisation, cautioning that re...Read More

Teji Mandi: Three things investors should know on January 25, 2021

Teji Mandi: Three things investors should know on January 25, 2021

Searching for value in PSUs: Vedanta Resources chairman Anil Agarwal has set up a $10 billion fund in collaboration with Centricus. It is...Read More

Prioritise spending, boost infrastructure, sell PSUs: Raghuram Rajan on Budget

Prioritise spending, boost infrastructure, sell PSUs: Raghuram Rajan on Budget

The upcoming Budget for the fiscal year beginning April 1 should look to provide "relief to the poorer households and small and medium en...Read More

Revenue constrained Govt may push oil PSUs to pay higher dividend

Revenue constrained Govt may push oil PSUs to pay higher dividend

PSUs with stock prices higher than the book value and who have sufficient cash funds may also be asked to shell higher dividend in FY21

Government to press ahead with PSU stake sale: Finance Minister Nirmala Sitharaman

Government to press ahead with PSU stake sale: Finance Minister Nirmala Sitharaman

The government will press ahead with the sale of public sector companies that have been approved by the Cabinet, Finance Minister Nirmala...Read More

As revenue constrained, Centre may look at PSUs for higher dividends

As revenue constrained, Centre may look at PSUs for higher dividends

Officials sources said that the PSUs with stock prices higher than their book values and those with sufficient cash may be asked to shell...Read More

Finmin asks PSU general insurers to cut flab; rationalise branches, other expenses: Sources

Finmin asks PSU general insurers to cut flab; rationalise branches, other expenses: Sources

Earlier this year, the Union Cabinet decided to halt the merger process of three state-owned general insurance companies due to weak fina...Read More

PSUs hit 39% of FY21 CAPEX target, FM calls for more efforts

PSUs hit 39% of FY21 CAPEX target, FM calls for more efforts

Central Public Sector Enterprises (CPSE) have achieved 39.4 per cent of their capital expenditure (CAPEX) target with an expenditure of ...Read More

Private sector, state government, PSU employees eligible for I-T exemption under LTC cash voucher scheme

Private sector, state government, PSU employees eligible for I-T exemption under LTC cash voucher scheme

The Income Tax Department on Thursday extended the I-T exemption available under the LTC cash voucher scheme to employees of state gover...Read More

Strategic sale of PSUs to gain momentum post Diwali

Strategic sale of PSUs to gain momentum post Diwali

The Department of Investment and Public Asset Management (DIPAM) is set to initiate the strategic sale process of four PSUs including Con...Read More

Piyush Goyal invites startups to register at GeM to provide goods, services to govt agencies, PSUs

Piyush Goyal invites startups to register at GeM to provide goods, services to govt agencies, PSUs

Commerce and Industry Minister Piyush Goyal on Tuesday invited startups to register at public procurement portal GeM and offer goods as w...Read More

Bank frauds could hurt India much more than COVID-19 can

Bank frauds could hurt India much more than COVID-19 can

If you are a believer or a bhakt, you should only read the reports of India’s policymakers. You will get a feeling that all is well. And ...Read More

Government-owned companies biggest wealth destroyers in the last six years: Mutual fund veterans

Government-owned companies biggest wealth destroyers in the last six years: Mutual fund veterans

State-run enterprises have been the biggest wealth destructors in the last six years despite operating in monopolistic or oligopolistic s...Read More

State-run banks to require more capital as a safeguard against stress: Report

State-run banks to require more capital as a safeguard against stress: Report

India's state-owned banks' plans to raise capital from private sources will not be sufficient to mitigate the anticipated risks unless su...Read More

Spend 50% capex by Sep to help economy out of Covid, PSUs told

Spend 50% capex by Sep to help economy out of Covid, PSUs told

This came out from the review meeting held by Finance Minister Nirmala Sitharaman with Secretaries of Ministries of Petroleum and Natural...Read More

In big relief, Centre to withdraw 96% of AGR dues

In big relief, Centre to withdraw 96% of AGR dues

Solicitor General Tushar Mehta, representing the Centre, told a bench headed by Justice Arun Mishra that the Centre is withdrawing 96 pe...Read More

SC asks DoT to reconsider Rs 4 lakh cr claim on PSUs, says demand impermissible

SC asks DoT to reconsider Rs 4 lakh cr claim on PSUs, says demand impermissible

The apex court also asked telecom companies, including Bharti Airtel and Vodafone Idea Ltd, to file affidavit explaining the time needed ...Read More

Free Press Journal

www.freepressjournal.in