PSU

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.

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.

Govt tapping overseas markets to push PSU stake sale

Facing a daunting Rs 69,500-crore PSU stake sale target, the Disinvestment Department has begun tapping new overseas markets like Australia, Japan and Canada to attract their cash-rich pension and sovereign wealth funds.

FinMin mulling transferring stake in divestment-bound oil PSUs

Ahead of government's plans to sell stake in oil companies, the Finance Ministry is considering to transfer some stake in disinvestment-bound PSUs to a separate company to insulate it from market volatility.

Like CIL, PSUs can deliver on par with TCS, Infosys: Piyush Goyal

Better vision and leadership can help state-owned firms to perform on par with top private players like Infosys, Wipro and TCS as has happened with Coal India Ltd which registered 12 percent spurt in output, Coal and Power Minister Piyush Goyal has said.

Protest against arrest of students in Punjab

Demanding immediate release of 13 students arrested by police during demonstration against the alleged molestation of a minor girl, Punjab Students Union (PSU) on Monday staged a protest here.

Rs 300-cr Jammu and Kashmir sports plan stalled due to lack of interest: Report

Despite the Narendra Modi government's desire to reach out to the youth of Jammu and Kashmir through sporting activities, the initiative to overhaul infrastructure in the troubled state is yet to find a breakthrough.

Private banks can pay up to Rs 10 lakh to non-exec directors: RBI

In a bid to attract professional talent, the RBI Monday allowed private sector banks to pay up to Rs 10 lakh per annum as compensation to non-executive directors besides sitting fee for attending board meetings.

Banks to give loan for kids' higher education!

Looking at the exorbitant school fees, Banks have decided to give loan for kids' higher education!

N R Mohanty assumes additional charge as CMD of NALCO

Mohanty has rich and varied experiences of more than 33 years in aluminium industry. He has worked in various capacities in the company's Smelter Plant and Corporate Office.

Govt lines up 12 PSUs for stake sale in 2015-16

As per the roadmap, 10 per cent stake each would be diluted in Engineers India Ltd (EIL), NALCO, NMDC and Indian Oil Corporation (IOC).

IFCI a PSU now, govt raises shareholding to 51%

IFCI Ltd has now become a state- owned firm with the government increasing its stake in the infrastructure financing firm to 51.04 percent.