NITI Aayog handover reports on PSU's to government

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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.

Trade unions` strike hits normal life across India

The nationwide bandh called by 10 trade unions to protest against changes in labour laws and privatisation of PSUs has badly affected normal life across India.

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.

BHEL Q4 net declines 52% at Rs 888.35 cr

Shares of BHEL today rose 2.88 percent to settle at Rs 241 apiece at the BSE.

Govt ropes in PSUs for air monitoring stations in 12 cities

The Union Environment Ministry has roped in PSUs like NTPC, Coal India and NMDC to fund the setting up of over 60 Ambient Air Quality Monitoring Stations across 12 cities by this year-end.

No difficulty in strategic sale of some PSUs: FM Jaitley

The government is looking at an outright sale of certain public sector undertakings through a strategic partner, Finance Minister Arun Jaitley said Thursday indicating the first such sale could of PSUs under the Tourism Ministry.

SEBI not to revisit 25% public holding shares norm in listed companies

The Securities and Exchange Board of India (SEBI) Chairman U K Sinha on Wednesday ruled out revisiting the existing norm for 25 percent public holding of shares in the listed companies, including the PSUs, and said that such a step will be a retrograde one.

BHEL disinvestment likely in April; may fetch Rs 3,200 cr

The government has firmed up a list of PSUs to be divested next fiscal, starting with BHEL in April, in a bid to meet the Rs 41,000 crore stake sale target for 2015-16.