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PSU

T Rajasekar appointed as HLL Director in Kerala

T Rajasekar has been appointed as the new Director (Marketing) of Central PSU HLL Lifecare Limited by the Union Ministry of Health and Family Welfare.

CIL may miss output target by 20 MT this fiscal: Coal Secretary

CIL may miss output target by 20 MT this fiscal: Coal Secretary

State-owned Coal India is likely to miss the production target by 20 MT and may end up producing up to 578 million tonnes this fiscal due to a string of issues, including evacuation and demand-supply, a top official has said.

CPSE IPOs within 22 weeks of govt nod

CPSE IPOs within 22 weeks of govt nod

Drawing strict timelines for listing of profitable PSUs, the government has mandated launch of initial public offer (IPO) within five-and-half months of a nod from the ministry concerned.

Disinvestment receipts to touch Rs 45,000 crore: Arun Jaitley

Disinvestment receipts to touch Rs 45,000 crore: Arun Jaitley

Finance Minister Arun Jaitley has exuded confidence that receipts from PSU disinvestment will touch Rs 45,000 crore in 2016-17.

Sensex spurts in opening trade ahead of Budget

Sensex spurts in opening trade ahead of Budget

Ahead of the Union Budget that is to be presented later in the day, market rose by over 64 points in opening trade today as investors built up positions.

 Sensex drops 248 points on profit booking in early trade

Sensex drops 248 points on profit booking in early trade

In the early trade benchmark stock index Sensex feel by 248 points based on profit booking by investors amid weak Asian cues.

Demonetisation: Here's how transaction charge waiver on debit cards will benefit you

Demonetisation: Here's how transaction charge waiver on debit cards will benefit you

Amid the ongoing political outcry over demonetisation, the government on Wednesday announced several steps aimed at helping the cash-hit citizen of the country and  to encourage widespread usage of digital payments post demonetisation.

PSUs to follow “zero coal imports” policy from next fiscal: Official

PSUs to follow “zero coal imports” policy from next fiscal: Official

In order to bring down coal imports at a faster rate, public sector units (PSUs) in the power sector will follow "zero imports" policy from the next fiscal onwards, a top official said on Thursday.

 RailTel to provide digital connectivity at far-flung areas

RailTel to provide digital connectivity at far-flung areas

Railway Minister Suresh Prabhu on Friday asked RailTel to adopt a "stand alone" approach to provide digital connectivity in far-flung areas.

India needs 4 times defence budget to meet 2020 coal target 

India needs 4 times defence budget to meet 2020 coal target 

The government has estimated that by the year 2020, India will need 1.5 billion tonnes of coal. But an IndiaSpend analysis of a recent report by Brookings India indicates that even by a generous estimate, the country`s need for coal will not exceed 1.2 billion tonnes over the next four years.
 

Niti Aayog working on second list of PSU divestment

New Delhi: After submission of the first list of PSUs for closure or sell off to the government, Niti Aayog is now working on another list for disinvestment.

Gujarat Assembly committee raps GSPC for 'over confidence'

The committee, which monitors state-run public sector undertakings (PSUs), in their report tabled in the House Tuesday pointed out several flaws in the process adopted by GSPC in acquiring the KG gas block through aggressive bidding.

Government's divestment kitty to swell by Rs 16,000 crore

Government's divestment kitty to swell by Rs 16,000 crore

With at least one buy-back announcement from PSUs every month, the government is expected to garner over Rs 16,000 crore in its disinvestment kitty over the next couple of months.

Public sector bank employees on strike today; operations hit

Public sector bank employees on strike today; operations hit

Public sector bank employees will go on strike on Friday to protest against the proposed merger of associate banks with SBI and banking reforms.

SCOPE for accountability check of NGOs getting funds from PSUs

SCOPE, apex body for central public sector enterprises, on Saturday "strongly" advocated accountability check of NGOs that are getting funds from PSUs for activities related to corporate social responsibility.

Parliamentary panel asks coal PSUs, govt to recover dues

Parliamentary panel asks coal PSUs, govt to recover dues

Expressing concerns over the large amount of dues that need to be recovered by all coal PSUs, including CIL's Rs 11,032 crore, a Parliamentary Panel has asked the government as well as the state-owned firms in the sector to take steps for the recovery.

 NHPC share sale fully subscribed; govt to get Rs 2,700 crore

NHPC share sale fully subscribed; govt to get Rs 2,700 crore

Kicking off the current fiscal's disinvestment programme, the government today raised Rs 2,700 crore from sale of its 11.36 percent stake in hydropower producer NHPC after retail portion oversubscribed 1.65 times.

 Government mulling proposal to liquidate certain loss-making PSUs, employee interest to be protected

Government mulling proposal to liquidate certain loss-making PSUs, employee interest to be protected

In a bid to limit public expenditure, the central government is mulling over a proposal to liquidate certain loss-making PSUs

CPSEs must take steps to unlock surplus resources: President

CPSEs must take steps to unlock surplus resources: President

President Pranab Mukherjee today said state-owned firms need to take immediate steps to identify and unlock surplus land and other resources available with them to augment economic growth and boost job creation

Sebi wants PSUs to ensure compliance on independent directors

To ensure good corporate governance practices, markets regulator Sebi has asked the government to ensure that listed PSUs are in full compliance with the norms relating to independent directors