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FinMin examining issues concerning merger of PSU banks: Sandhu

Last Updated: Saturday, July 12, 2014, 17:54

Finance Ministry on Saturday said it is examining various issues pertaining to mergers of public sector banks and that there will be some forward movement in the current year itself.

Union Budget 2014: Disinvestment target revised upwards to Rs 58,425 cr

Last Updated: Thursday, July 10, 2014, 14:11

Finance Minister Arun Jaitley Thursday raised the disinvestment target for the current fiscal to Rs 58,425 crore.

PSU banks stock down after Budget announcement

Last Updated: Thursday, July 10, 2014, 13:10

Shares of public sector banks declined by as much as 4.3 percent after Finance Minister Arun Jaitley Thursday said the lenders would require Rs 2.40 lakh crore capital by 2018 to meet global Basel III norms.

Economic Survey: ONGC highest profit-making PSU, BSNL worst performer

Last Updated: Wednesday, July 09, 2014, 19:43

Oil explorer ONGC again emerged as the highest profit-making PSU of the country during 2012-13 while telecom major BSNL turned out to be the biggest loss-making enterprise, says the Economic Survey.

No proposal to dilute govt ownership in PSBs below 50%: Govt

Last Updated: Tuesday, July 08, 2014, 19:21

The government on Tuesday said there is no proposal to dilute its ownership in public sector banks (PSBs) below 50 percent.

CIL misses output target in June; production at 34.5 MT

Last Updated: Wednesday, July 02, 2014, 15:44

CIL's output in the April-June period of the current fiscal was at 108.33 MT, while the target for the quarter was 113. 01 MT.

ICVL likely to submit $200 mn bid for Rio Tinto Mozambique

Last Updated: Tuesday, July 01, 2014, 20:24

The mines have estimated reserves of around 200 million tonnes of both coking and thermal coal.

Bank unions meet Jaitley, press for early wage revision

Last Updated: Friday, June 27, 2014, 18:51

The delegation informed that more than 10 rounds of discussions have taken place between bank management and UFBU so far on the issue but IBA is delaying the settlement.

Varma appointed director (onshore), ONGC

Last Updated: Monday, June 23, 2014, 19:39

The post of Director (Onshore) had been lying vacant since October 2012 when A K Hazarika super-annuated.

PSUs to have 25% minimum public shareholding: SEBI

Last Updated: Thursday, June 19, 2014, 18:31

To bring uniformity in rules, capital market regulator SEBI Thursday cleared a proposal for ensuring at least 25 percent public holding in all the listed state-owned companies within three years.

SEBI unveils reform measures; PSUs need 25% public shareholding

Last Updated: Thursday, June 19, 2014, 14:16

Approving a slew of reform measures, the SEBI board Thursday said that all listed PSUs should achieve a minimum public shareholding of 25 percent within three years.

FinMin asks DoD to complete groundwork for PSU stake sale

Last Updated: Sunday, June 15, 2014, 20:25

The Finance Ministry has asked the Department of Disinvestment to complete the groundwork for stake sales in state-owned companies soon after the budget to take advantage of the bull phase in the stock market.