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Non-performing PSUs bleeding Uttar Pradesh's coffers dry

A report by the country's top audit body, tabled in the just-concluded session of the Assembly, shows tardy performance of the state's PSUs.

No woman director at 65 PSUs, govt asks Registrars of Companies to act

According to Meghwal, 4,558 listed companies, 1,009 unlisted ones and 134 PSUs have representation of women at the board level.

Sports Minister Vijay Goel asks PSUs, PSBs to contribute for promotion of sports

Sports Minister Vijay Goel asks PSUs, PSBs to contribute for promotion of sports

Under the NSDF, top athletes have been supported for their preparation for major international tournaments.

Cabinet likely to consider strategic stake sale in PSUs today

Cabinet likely to consider strategic stake sale in PSUs today

NITI Aayog has prepared a list of public sector units where the government can sell its majority stake to private companies in order to bring in greater efficiency and professionalism in functioning.

PSU disinvestment: Cabinet to consider 5 methods for strategic sale valuation

PSU disinvestment: Cabinet to consider 5 methods for strategic sale valuation

The finance ministry is likely to propose to the Cabinet at least five different methods, including relative peer review and discounted cash flow, for valuation of over a dozen PSUs across sectors identified for strategic stake sale.

Niti Aayog suggests closure of 8 sick PSUs

Tasked by Prime Minister's Office to look into viability of sick state-run companies, government think-tank Niti Aayog has identified eight PSUs for closure after finding them unfit for revival.

NITI Aayog handover reports on PSU's to government

Watch this bulletin and catch all the latest news and updates here.

Coal import bill drops by Rs 28,000 cr in FY16

Coal import bill drops by Rs 28,000 cr in FY16

Helped by a record coal production by the world's largest coal miner Coal India Ltd (CIL), India reduced its import bill of the dry fuel by more than Rs 28,000 crore in the last fiscal.

NITI Aayog to submit PSU strategic sale roadmap this month

NITI Aayog to submit PSU strategic sale roadmap this month

  NITI Aayog will submit a blueprint for divesting government's stake in some PSUs and strategic sale of those that have been sick for a long time by this month.

Govt to invite proposals from PSUs for allotting 16 coal mines

Govt to invite proposals from PSUs for allotting 16 coal mines

 Taking ahead its decision to open up the coal sector for commercial mining, government will this month invite proposals from public sector undertakings for allotment of 16 mines.

IPOs in India likely to raise USD 5 billion in 2016: EY

Initial Public Offers (IPOs) in India are set to hit a six-year high in 2016 and estimated to raise more than USD 5 billion, largely owing to a growing appetite for equities and positive sentiment on the growth front, says an EY report.

Over 6 crore LED bulbs to be distributed in a year: Piyush Goyal

Over 6 crore LED bulbs to be distributed in a year: Piyush Goyal

The Centre has set a target to distribute over six crore LED bulbs through State-run Energy Efficiency Services Ltd (EESL) in a span of one year, Power Minister Piyush Goyal said today.

Govt blames commodities slump for disinvestment challenges

As challenges emerge in meeting the mammoth Rs 69,500-crore disinvestment target for this fiscal, the government on Tuesday put the blame on global commodities slowdown saying many identified PSUs are from this space.

Govt may seek special dividend from top PSUs to meet tax deficit

Govt may seek special dividend from top PSUs to meet tax deficit

Companies like Coal India Ltd, NTPC, ONGC, GAIL, IOC etc may be asked to pay special dividend if government decides so.

Some PSUs positive on creating jobs for sportspersons: Sarbananda Sonowal

Some PSUs positive on creating jobs for sportspersons: Sarbananda Sonowal

Union Minister of State for Sports Sarbananda Sonowal on Friday said some PSUs have responded positively to the Centre's appeal for creating special provision on employment opportunities for sportspersons.

DoD for ESOPs as variable pay in PSUs to raise retail holding

PRP is a variable component of the remuneration paid to the executives of CPSEs.

Tomar directs RINL to check cost over runs, delay in expansion

"While reviewing the progress of modernisation and expansion, the Minister expressed concern over time and cost over runs and advised to conduct root cause analysis so that lapse, lack of foresight and other reasons could be pinpointed for avoidance in future," the statement added.

ITDC appoints Umang Narula as CMD

Narula has succeeded Girish Shankar, Additional Secretary, Ministry of Tourism, who also held additional charge as ITDC's Managing Director, according to release issued here.

Coal India's pithead stock rises to 49 MT

The PSU's pithead stock at the end of FY 2014 fiscal was 46 MT, an official had earlier said.

NMDC Q4 profit declines 31% to Rs 1,347 cr on lower sales

NMDC stock fell by 0.45 percent to close at Rs 131.55 per share on the BSE.