Keyword : Public Sector

Air India and MTNL to be shut, VRS for staff

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

Varanasi’s facelift to be funded by public sector units

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

PSUs may have to pay higher dividend to govt

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

IOC to spend Rs 32,500 crore on oil exploration, production

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

BHEL starts 2,730-MW power projects

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 investors sell Rs 5,000 cr of PSU stocks in Q2

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

Jharkhand government, GAIL ink MoU for natural gas supply

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

PSUs to be more investor-friendly as govt looks to sell shares

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

PSUs to boost fortunes of domestic shipping industry

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’s net profit declines

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

NMDC chairman’s term extended till September

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

Long-pending interviews for top posts at PSU insurers conducted

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

One UPA idea NDA is not pursuing: women’s bank

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

VMware helps in digital transformation of PSUs

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

Capital infusion plan good for Indian public sector banks: Moody`s

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.

State ownership has been blatantly unsatisfactory: Oxford professor

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

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