State run carrier Air India will receive less than half of the equity support it sought from the government this fiscal. The national carrier had sought Rs 3,900 crore from the government, while the latter has agreed to grant only Rs 1,713 c
Eight public sector undertaking (PSUs) companies have announced bonus shares for their shareholders thus far in the current calendar year 2016, reported Business Standard. Statistics available with Capitaline Plus revealed it is th
There is no proposal to acquire Gujarat State Petroleum Corporation (GSPC) by Oil and Natural Gas Corporation Limited (ONGC), minister of state (I/C) for petroleum and natural gas Dharmendra Pradhan informed the Rajya Sabha in a written reply on W
Public sector units (PSUs) have suffered less compared to others amid the current market meltdown, limiting notional loss in market value for exchequer, reported Business Standard. The average decline in the PSU pack has been only 1
In what could be seen as a direct impact of demonetization on the transport sector, huge inventories have piled up at Gas Authority of India Limited’s (GAIL) petrochemicals facilities as hundreds of trucks continue to remain off roads.
The country’s largest electricity generation station, National Thermal Power Corporation’s (NTPC) Vindhyachal power plant in Madhya Pradesh, has bagged the IPMA International Project Excellence’s Silver Award. In
Nashik Thermal Power Station (NTPS), part of Maharashtra State Power Generation Company Limited, has reduced the use of the power in the year 2015-16 as against that used in 2014-15, helping it bag an award for energy conservation.
Numaligarh Refinery Limited (NRL), based in Assam, has become the first public sector oil company in the country which has completely replaced hard copy of invoices with digitally signed ones. A subsidiary of Bharat Petroleum Corpo
Only five public sector undertakings (PSU) have confirmed their presence for recruitment at the premier IITs. Most of the IITs had reached out to 80-odd PSUs in the country for this year`s placements and expected a hug
There are early signs of a turnaround at Air India. It has increased its revenue per regular employee by over 12% to Rs 1.09 crore in the year. This was achieved by reducing the number of regular employees to 19,401, down 8% compared with FY15, re
M.V. Gowtama is the new chairman and managing director of the state-owned aerospace and defence company Bharat Electronics Limited (BEL). He took charge on November 8. Gowtama was selected by the government headhunter Public Enterprises Sele
The department of heavy industries has partnered with IIT-Kharagpur to set up a centre of excellence on advanced manufacturing, in a move to step-up the Make in India initiative. The centre would undertake extensive research
The cabinet is likely to take a final call on the listing of public sector general insurance companies this month. Last week, the finance ministry had circulated a draft cabinet note for inter-ministerial consultations on the listing of four
State-run oil and gas explorer Oil and Natural Gas Corporation (ONGC) emerged as the worst hit, as market valuation of seven of the 10 most valued Indian companies plummeted by Rs 72,452.27 crore, during the week that ended on November 4.
The ministry of communication may soon seek cabinet approval to offer a voluntary retirement scheme (VRS) to state-run telecom operator Mahanagar Telephone Nigam Ltd (MTNL). The VRS amounting to Rs 1,000 crore will help the c
The Central Vigilance Commission observes vigilance awareness week to promote probity in public life and to achieve a corruption free society. The week started with pledge taking by public servants in the ministries/departments/central publi
The government has extended the tenure of Bharathi S. Sihag as chairman-cum-managing director (CMD) of the state-owned iron ore miner NMDC by one month, effective from November 1. Sihag, who is posted as special secretary in
The government has ruled out the disinvestment plan for state-run Mahanagar Telephone Nigam Limited (MTNL), for the time being. After massive protests by employees` union of MTNL, NITI Aayog has cleared the air, saying that as of now there i
The union cabinet chaired by prime minister c has given in-principle approval to Niti Aayog’s proposal for strategic sale in public sector undertakings (PSUs), on Thursday. The Cabinet meeting also decided that the department of investment a
Defence minister Manohar Parrikar inaugurated a helicopter engines maintenance plant in Goa on Sunday. It is a joint venture of state-run Hindustan Aeronautics Limited (HAL) and Safran Helicopter Engines France located at north Goa’s S
