Keyword : CPSE

CAG: 64 CPSEs completely eroded by accumulated loss

The net worth of 64 central public sector enterprises (CPSEs) has been completely eroded by accumulated loss with their net worth turning out to be negative during 2014-15. This was noted in a fina

Enhancing the SCOPE of PSEs

With a vision to create an ideal institution for PSU employees and develop a public sector cadre of professionals, the Standing Conference of Public Enterprises (SCOPE) will establish an Academy of

Government must give PSUs more freedom, says Amitabh Kant

State-run companies need to be kept at an arm`s length from their administrative ministries and should be given more freedom and flexibility, said NITI Aayog CEO Amitabh Kant. He sa

Profitable CPSEs to contribute for Skill India Mission

The government wants central public sector enterprises (CPSEs) to significantly increase the number of apprentices they train. It has asked all profitable CPSEs to ensure 2.5 percent of their total

Financial restructuring of CPSEs soon

A road map for the financial restructuring of central public sector enterprises (CPSEs) through various mechanisms, including mergers, would be drawn up soon. Also, the government is looking for op

NITI Aayog proposes closure of 26 ailing PSUs

NITI Aayog has recommended disinvestment of central public sector enterprises (CPSEs) such as Air India after they are revived. It has also recommended immediate winding up 26 state-run companies

No candidates for top post at ECIL

Not even a single candidate turned up for the scheduled interview for the post of chairman and managing director of Electronics Corporation of India Limited (ECIL). The public enterprises selection

Alternative mechanism to now assess disinvestment in CPSEs

The cabinet committee on economic affairs led by prime minister Narendra Modi has approved alternative mechanism, to take a call on the quantum of disinvestment in a particular central public sec

Central public sector enterprise ETF gets bids of around Rs 12,000 crore

The central public sector enterprise (CPSE) exchange traded fund (ETF) gets bids of around Rs 12,000 crore – over two and a half times the base issue size of Rs 4,500 crore, a PIB release sai

PSUs invest funds in line with approved business plans

The board of directors of Central Public Sector Enterprises (CPSEs) take decisions as per the delegated powers to invest funds, said minister of state in the ministry of heavy industries and public

Sick PSUs appraisal carried out

  The Department of Heavy Industry (DHI) has been undertaking appraisal of the status of each CPSE on case to case basis and the ones having profitability potential are supported

BHEL ventures into power generation as co-developer

BHEL has achieved a capacity addition of 6,317 MW in the utility segment, which is nearly four times more than any other manufacturer   With the commencement o

SAIL chairman looks forward to higher sales in 2017-18 FY

Steel Authority of India Ltd (SAIL)’s chairman P K Singh recently reviewed the strategic sales initiatives charted out by the company’s marketing team for the current financial year a

IndianOil to help Numaligarh Refinery to build a crude oil pipeline

IndianOil Corporation Limited  has signed an agreement with Numaligarh Refinery Limited (NRL) and Paradip Port Trust to help the NRL build a crude oil pipeline from Paradip Port (Odi

India is second largest stainless steel producer in the world: steel minister

Chaudhary Birender Singh, minister for steel, said that the Indian steel industry is at the cusp of a significant milestone by becoming the second largest stainless steel producer in the world, l

Nalco inks MoU with ministry of mines

Navratna CPSE National Aluminium Company Limited (Nalco) has signed an MoU with the ministry of mines, setting higher targets in production, productivity, turnover and CAPEX for current FY 2017-18

New Exchange Traded Fund announced

 Finance minister Arun Jaitley has announced a new Exchange Traded Fund (ETF) —   BHARAT 22 which consists of 22 stocks of CPSE’s, public sector banks and strategic holding of

NALCO aims at making country country self-reliant in strategic minerals

In its bid to make the country self-reliant in the areas of 12 strategic minerals that are either not available in India or not available adequately, National Aluminium Company (NALCO), HCL and Min

Employee strength dips by 4.6 percent: Public Enterprises Survey

The Public Enterprises Survey (2016-17) was recently unveiled by the department of public enterprises under the ministry of heavy industries and public enterprises in both the houses of the Parliam

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