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.
Oct 19, 2015, 22:56 PM IST
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.
Aug 20, 2015, 19:57 PM IST
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.
Aug 11, 2015, 18:29 PM IST
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.
Jul 26, 2015, 12:13 PM IST
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.
Jul 26, 2015, 12:13 PM IST
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.
Jul 23, 2015, 21:52 PM IST
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.
Jul 20, 2015, 21:31 PM IST
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.
Jul 08, 2015, 22:16 PM IST
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.
Jun 01, 2015, 22:02 PM IST
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.
May 01, 2015, 17:06 PM IST
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).
Apr 13, 2015, 15:44 PM IST
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.
Apr 08, 2015, 12:03 PM IST
Strategic sale in PSUs: Govt open to divest over 51%
The government is open to selling more than 51 percent in certain public sector entities as part of its 'strategic sale' through which it aims to collect Rs 28,500 crore next fiscal, a top finance ministry official said Monday.
Mar 02, 2015, 23:45 PM IST
Govt to start afresh Wednesday mine allotment process to PSUs
The government will Wednesday start afresh the process for allotting coal mines to state and central PSUs and will now allot 43 blocks, instead of 36 announced earlier.
Feb 17, 2015, 22:33 PM IST
69 applications for 36 coal blocks from PSUs like NTPC, SAIL
The maximum number of applications (9) were received for Gare Palma Sector II coal mine in Chhattisgarh, an official release said on Monday.
Feb 09, 2015, 22:32 PM IST
Govt to allocate 36 coal blocks to PSUs
The government on Wednesday kick-started the process of allocating cancelled coal mines to state-owned firms, saying that it will initially allot 36 blocks.
Jan 21, 2015, 15:45 PM IST
Coal India shares slip over 4.5% on divestment buzz
The stock tumbled 4.54 percent to settle at Rs 358.70 on the BSE. During the day, it slipped 5 percent to Rs 356.75.
Jan 12, 2015, 18:17 PM IST
Govt to sell stake in more than 1 PSU by March-end: Jaitley
With less than three months left in the current fiscal, Finance Minister Arun Jaitley Monday said the divestment programme would be pursued on priority and involve more than one PSU during this period.
Jan 12, 2015, 13:22 PM IST
Coal India shares up over 1% at close as workers end strike
Shares of Coal India ended over 1 percent higher Thursday as coal workers called off their nationwide strike after the government assured them that the PSU will not be privatised and employees' interests will be protected.
Jan 08, 2015, 17:09 PM IST
Avijit Ghosh ceases to be Director in Hindustan Copper
Ghosh has been in the post since June 1, 2010.
Jan 06, 2015, 16:01 PM IST
