close
This ad will auto close in 10 seconds

PSU

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

NHPC pays govt interim dividend of Rs 875 crore

State-run NHPC today said that it has paid the government an interim dividend of Rs 875.49 crore for fiscal 2015-16

Govt to allot 16 coal mines to PSUs for commercial mining

Govt to allot 16 coal mines to PSUs for commercial mining

Taking forward its decision to open up the coal sector for commercial mining, the government will allot 16 blocks to PSUs for carrying out production and sale of the dry fuel.

PSUs to invest over Rs 10,000 crore in mining sector

Public sector units (PSUs) such as Nalco and Hindustan Copper Ltd have proposed to invest more than Rs 10,000 crore in the mining sector, Parliament was informed today

Burdwan agitation: Student activists stopped from meeting Bengal governor

 At least 100 student activists led by Students` Federation of India (SFI) were here on Saturday prevented by police from submitting a deputation to West Bengal Governor K.N. Tripathi urging him to intervene and restore normalcy at Burdwan University which has been on the boil after police baton charged a group of student agitators.

PM Modi asks ministers to complete projects within deadline

PM Modi asks ministers to complete projects within deadline

Prime Minister Narendra Modi on Wednesday advised his Council of Ministers to ensure projects were completed within the timeframe and due publicity given to the achievements of the government.

Govt sells $5 billion of PSU shares in 2015, readies 2016 pipeline

Government's disinvestment kitty has almost doubled this year with over Rs 35,000 crore garnered through PSU share sales.

Govt approves mines to PSUs to sell coal to small industries

Govt approves mines to PSUs to sell coal to small industries

In a move aimed at enhancing energy security, the government Wednesday cleared allotment of coal blocks to PSUs for the sale of the fossil fuel mainly to medium, small and cottage industries and a policy for developing Underground Coal Gasification in coal and lignite areas.

Foreign investors want government to defer CIL stake sale

Foreign investors want government to defer CIL stake sale

Opposing an immediate stake sale in Coal India Ltd, foreign investors have told the Finance Ministry that further disinvestment in the coal miner should be put off as the current market valuation is low.

 

Govt to sell PSU stakes when market conditions improve: Arun Jaitley

Govt to sell PSU stakes when market conditions improve: Arun Jaitley

Government will sell stake in some state-owned companies, especially those in metals business, only when market conditions improve, Finance Minister Arun Jaitley Monday said amid concerns that the Rs 69,500 crore disinvestment target for the current fiscal may be missed.

FinMin eases rule for foreign trip for MD of PSU banks, FIs

Managing directors and other executive board members of state-owned banks as well as financial institutions will not be required to take permission of the Finance Ministry for undertaking foreign tours.

Suresh Prabhu asks all PSUs to undertake more railway projects

Suresh Prabhu asks all PSUs to undertake more railway projects

Railway Minister Suresh Prabhu Monday asked all PSUs under the ministry to undertake more rail projects while ensuring best practices in tendering process and transparency in their functioning.

Govt issues norms for selection of CEOs of smaller PSBs

As per the guidelines, the selection to the top job in the PSBs would be from the existing pool of executive directors (EDs) or deputy managing directors (DMDs) in state-owned banks with a remaining service period of 2 years.

PSU stocks may gain 30% if Modi follows Gujarat model: Morgan Stanley

Stocks of public units (PSUs) could be "surprising winners" in three to five years if the Modi government implements structural reforms in state-run companies like he did when he was Gujarat chief minister, according to a report released here today.

DoD wants EPFO to invest Rs 6,000 cr, fund commits Rs 1k cr

The Employees Provident Fund Organisation (EPFO) had earlier committed to the Finance Ministry that it will start investing from August 1 in the CPSE ETF, a top official said.