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Divesting 51% in PSUs can change face of India: Vedanta Chief

Last Updated: Tuesday, November 05, 2013, 19:38

Pitching for 51 percent stake sale in PSUs, metal and mining conglomerate Vedanta Resources chief Anil Agarwal has said this can change the face of modern India by creating more jobs and bringing in prosperity.

Govt plans to sell stake in 5 PSUs this fiscal

Last Updated: Friday, August 23, 2013, 19:32

The government plans to offload 5-10 percent stake in five companies, including IOC, Engineers India (EIL) and BHEL, to achieve disinvestment target of Rs 40,000 crore in the current fiscal.

High-Power Committee may consider new MoU norms this month

Last Updated: Thursday, August 01, 2013, 15:56

The Department of Public Enterprises (DPE) has prepared the draft Memorandum of Understanding (MoU) norms based on the recommendations of a Working Group on MoU norms for Central Public Sector Enterprises (CPSEs), which was headed by P G Mankad.

Plan for swift action against PSU officials for wrong doings

Last Updated: Sunday, July 14, 2013, 14:12

The Department of Public Enterprises (DPE) will soon move a Cabinet note proposing swift action against PSU officials indulging in malafide actions or wrong doings.

PSU staff to get shares at 5% discount post divestment

Last Updated: Thursday, June 20, 2013, 23:22

Employees of state-owned firms will get shares at 5 percent discount after the completion of disinvestment through Offer For Sale (OFS).

Govt likely to relax investment norms for PSUs

Last Updated: Sunday, June 16, 2013, 14:16

Currently, PSUs are allowed to park their funds only in public sector mutual funds.

Govt says PSUs will meet public float deadline: Sebi

Last Updated: Thursday, June 06, 2013, 16:36

Market regulator Securities and Exchange Board (Sebi) on Thursday said the government has assured it that the public sector units will meet the August deadline to bring down their promoter stake to 90 percent.

Eight sick PSUs not paid wages to staff since Oct 2012: Patel

Last Updated: Thursday, May 02, 2013, 23:27

Eight sick Public Sector Units (PSUs), including HMT Watches and Hindustan Cables Ltd, have not paid salaries to their employees since October 2012, Parliament was informed today.

BHEL turnover rose steadily since 2009-10: Govt

Last Updated: Thursday, March 14, 2013, 17:58

The turnover of BHEL stood at Rs 30,290 crore up to the third quarter of the 2012-13 fiscal, as against Rs 49,510 crore in the year-ago period.

ONGC is No 1 profit-making PSU, BSNL worst performer

Last Updated: Monday, March 04, 2013, 21:02

ONGC, the country's largest oil and gas producer, earned a net profit of Rs 25,122 crore in 2011-12. BSNL, on the other hand, suffered losses of Rs 8,850 crore in the same period, replacing Air India as the biggest loss-making PSU.

ONGC emerges top investor among PSUs in FY12

Last Updated: Monday, March 04, 2013, 21:00

Oil and Natural Gas Corp (ONGC) has emerged as the top investor among PSUs for 2011-12 with an investment of Rs 2.1 lakh crore, according to a government survey.

Govt grants Maharatna status to BHEL, GAIL

Last Updated: Friday, February 01, 2013, 19:15

A Maharatna firm can take investment decision of up to Rs 5,000 crore without going to the government. For Navratna firms, this limit is Rs 1,000 crore.