PSUs

'Bharat 22' ETF likely to hit market on Nov 15

The state-owned companies or PSUs that will form part of the new ETF are ONGC, IOC, SBI, BPCL, Coal India and Nalco.

Oct 30, 2017, 14:49 PM IST
Govt sells 7% in NTPC to raise Rs 9,100 crore

Govt sells 7% in NTPC to raise Rs 9,100 crore

The government had planned to sell over 41.22 crore shares, or 5 per cent holding, through the two-day OFS, with an option to retain a similar portion in case of over- subscription.

Aug 30, 2017, 22:34 PM IST
Ambit of OBC 'creamy layer' extended to PSUs, financial institutions

Ambit of OBC 'creamy layer' extended to PSUs, financial institutions

Union Cabinet on Wednesday decided to extend the concept of creamy layer in OBC reservations to PSUs and financial institutions.

Aug 30, 2017, 19:27 PM IST
Govt to sell 5% stake in NTPC at floor price of Rs 168 per share today

Govt to sell 5% stake in NTPC at floor price of Rs 168 per share today

The share sale through an offer for sale (OFS) will happen over two days?beginning tomorrow, an official said here.

Aug 28, 2017, 18:06 PM IST

Government to sell up to 25% stake in 4 defence PSUs via IPO

The government has already raised over Rs 8,800 crore through disinvestment in six companies, including selling stake in L&T through Specified Undertaking of Unit Trust of India (SUUTI), and one share buyback.

Aug 04, 2017, 14:13 PM IST

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.

May 22, 2017, 11:28 AM IST

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.

Mar 24, 2017, 15:23 PM IST
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.

Nov 24, 2016, 22:12 PM IST
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.

Oct 27, 2016, 08:58 AM IST
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.

Oct 24, 2016, 14:25 PM IST

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.

Aug 07, 2016, 18:09 PM IST

NITI Aayog handover reports on PSU's to government

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

May 24, 2016, 12:44 PM IST
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.

Apr 06, 2016, 15:50 PM IST
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.

Apr 03, 2016, 12:17 PM IST
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.

Apr 03, 2016, 10:56 AM IST

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.

Mar 31, 2016, 14:42 PM IST
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.

Dec 14, 2015, 21:07 PM IST

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.

Oct 27, 2015, 13:41 PM IST
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.

Oct 07, 2015, 22:10 PM IST
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.

Sep 11, 2015, 19:51 PM IST