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Government set revive strategic stake sale in PSUs; Cabinet decision shortly

Government set revive strategic stake sale in PSUs; Cabinet decision shortly

After 12-year hiatus, government is set to revive strategic sale of state-owned companies with the Cabinet likely to consider shortly the outright sale of stake in over a dozen PSUs including the profit making ones.

Overseas roadshows for NMDC share sale begin on Monday

Overseas roadshows for NMDC share sale begin on Monday

Government will kickstart overseas roadshows from Monday to gauge investor appetite for the Rs 4,000 crore NMDC stake sale.

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.

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.

PSUs may have to buy 20% of requirements from MSMEs

Mishra also said that definition of MSME -- in terms of turn-over -- would be amended under a new policy that was in the offing.

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

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

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

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

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

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

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

Govt says PSUs will meet public float deadline: Sebi

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

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

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

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

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

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.

BHEL, GAIL to get Maharatna status soon: Patel

BHEL and GAIL would soon be awarded the coveted Maharatna status, which will give these public sector units greater financial autonomy.

Bhel share sale not in this fiscal: Patel

Government is aiming to raise Rs 30,000 crore through stake sale in public sector units in this fiscal.

PSUs need to furnish details of coal blocks before bidding

The government has said that PSUs seeking coal mines in the upcoming auction process will have to furnish details on status and development of mines already alloted them.