Once they were jewels in the crown of the government. But they are now sick and beyond revival. The government has decided to close down its best known enterprises like Air India, MTNL and Hindusta
The holy city of Varanasi is getting benefits of corporate social responsibility funds of various public sector undertakings. In order to promote solar power and also to overcome pow
To meet the union budget estimates, all profit-making public-sector undertakings (PSU) have been asked to pay a minimum dividend of 30 per cent of post-tax profit for 2015-16. Earlier, only the ups
Indian Oil Corporation is planning to spend about $5 billion (nearly Rs 32,500 crore) to expand its exploration and production business. More than half the amount is likely to be ear
The state-owned Bharat Heavy Electricals (BHEL) said it has commissioned 2,730 MW of utility power projects in the first six months of 2015-16. "BHEL has once again demonstrated
Foreign institutional investors (FIIs) sold equity shares worth nearly Rs 5,000 crore in public sector undertakings (PSUs), including banks, in the July–September quarter, while domestic inst
The Jharkhand government has cleared deck for commissioning work for the 450km natural gas pipeline in the state under the energy highway project. The Raghubar Das-led NDA government signed a
Public sector units may open up now. The Department of Disinvestment (DoD) likes to see listed public sector undertakings (PSUs) in more proactive mode in having investor contact and keep them upda
The government is considering a proposal to make it mandatory for the public sector undertakings to import of commodities, including oil and coal, to engage the services of Shipping Corporati
ONGC reported a weak set of second quarter earnings with net profit declining 31 percent to Rs 4,842 crore and revenue falling 9.4 percent to Rs 20,679 crore. Last financial ye
The government has extended the term of Bharti S Sihag as the chairman and managing director (CMD) of National Mineral Development Corporation (NMDC), India’s largest iron ore miner, for thre
After a long wait, the finance ministry has completed the interview process to select two managing directors of LIC and the heads of three general insurance companies, United India Insurance, Orien
NDA has smartly appropriated a slew of UPA initiatives that it had opposed when in the opposition – from Aadhaar to DBT and financial inclusion. However, here is one initiative the government
Please shed light on the next frontier for digital technologies by VMware (Cloud, Server and Automation) for the public sector. How does VMware help the digital transformation of PSUs and t
Moody`s Investors Service says that the Indian government`s (Baa3, Positive) announcement of a Rs 2.1 trillion recapitalization plan for public sector banks is a credit positive for the sector.
A wide swathe of economic activities was nationalised in India after independence, and especially during Indira Gandhi’s prime ministership, for predominantly political reasons. But state own
1.33 billion. Let that large number sink in. That number is nearly 18 percent of the total global population, and almost the number of people estimated to currently reside in the republic of India,
"The year 2020 is going to be a significant year for India and especially for Central Public Sector Enterprises (CPSE), "said the Arjun Ram Meghwal, Minister of State for heavy industries
National Mineral Development Corporation Ltd (NMDC) R&D Cen
Over the last few years, cloud has been able to create a special place for itself amongst fast moving, competitive and growth-led organisations. As the technology became an imperative, it has undou
GAIL (India) Ltd has reported Revenue from Operations of Rs 1,44,302 crore in FY23 as against Rs 91,646 crore in FY22. Profit before Tax (PBT) in FY23 stood at Rs 6,584 crore as against Rs 13,590 c
State-run REC Limited, a Maharatna company, on Wednesday declared its second interim dividend of Rs 3.5 per share for FY2024. Earlier, in August, the company’s board had approved its fi
