PSU

SAIL strikes deal with Posco for technical expertise

SAIL strikes deal with Posco for technical expertise

The pact is meant for SAIL's IISCO Steel Plant (ISP) at Burnpur in West Bengal.

Oct 08, 2017, 14:09 PM IST
Sensex ends steady, but posts weekly loss

Sensex ends steady, but posts weekly loss

Both the Sensex and the Nifty suffered weekly losses for the third time this month, down 638.72 points, or 2 per cent, and 175.80 points, or 1.76 per cent, respectively.

Sep 29, 2017, 17:16 PM IST
Government keeps option of financial stimulus open

Government keeps option of financial stimulus open

Garg also added that the government was confident of meeting the fiscal deficit target of 3.2 per cent in the current financial year.

Sep 28, 2017, 22:54 PM IST
Govt stimulus to boost economy in the works

Govt stimulus to boost economy in the works

Chief Economic Advisor Arvind Subramanian has been tasked with preparing details of the pressure points facing the economy and the probable remedies.

Sep 24, 2017, 13:37 PM IST
Govt may raise over Rs 15K crore from IPO of 2 PSU general insurers

Govt may raise over Rs 15K crore from IPO of 2 PSU general insurers

In view of the current market condition, the government may easily get Rs 15,000 crore by diluting stake in these two companies, sources said, adding it could be upwards of Rs 15,000 crore.

Sep 17, 2017, 14:35 PM IST
Number of public sector banks may go down to 12 as government mulls consolidation

Number of public sector banks may go down to 12 as government mulls consolidation

The 21 public sector banks would get consolidated to 10- 12 in the medium term, the official said.

Jul 16, 2017, 12:56 PM IST

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.

Apr 01, 2017, 19:09 PM IST
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.

Mar 12, 2017, 12:58 PM IST
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.

Feb 19, 2017, 12:08 PM IST
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.

Feb 04, 2017, 23:29 PM IST
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.

Feb 01, 2017, 10:04 AM IST
 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.

Dec 26, 2016, 10:27 AM IST
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.

Nov 24, 2016, 05:31 AM IST
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.

Nov 03, 2016, 22:20 PM IST
 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.

Sep 23, 2016, 16:54 PM IST
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.
 

Sep 08, 2016, 15:10 PM IST

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.

Sep 06, 2016, 16:58 PM IST

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.

Aug 24, 2016, 02:12 AM IST
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.

Aug 07, 2016, 16:16 PM IST
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.

Jul 29, 2016, 05:05 AM IST