National Aluminium Company Limited (NALCO), the navratna PSU of ministry of mines has completed its target of constructing toilets for schools in three districts of Odisha and Andhra Pradesh. Chairman and managing director TK Chand
The government has decided to simplify oil and gas exploration rules and also offering to auction 69 small and marginal oil and gas fields that will come with full marketing and pricing freedom. The fields hold 89 million tonne of o
The total telephone subscriber base in the country rose marginally to reach 1.007 billion at the end of June. However, “the private access service providers held 91.7 per cent market share of the wireless subscribers whereas BSNL and MTNL, t
TPC is examining whether to acquire the Sarni thermal power station of a state government company, in Madhya Pradesh`s Betul district. NTPC sources said `due-diligence` is on. According to a report published in Business Standarad, a
Flagship public sector undertaking Bharat Heavy Electricals Ltd (BHEL) will have Atul Sobti as its next chairman and managing director. He will take charge on or after January 1. "Government has approved the appointment of Atul
Oil and Natural Gas Corp (ONGC) and its partners will invest about $24 billion in producing natural gas from a giant field off Mozambique and converting it into liquid fuel (LNG) for export. ONGC Videsh Ltd, the overseas investment
The railways have finally identified the projects that will be funded by the Rs 1.5-lakh-crore loan that Life Insurance Corporation (LIC) has extended to the cash-strapped organization for the next five years. Railway officials clai
Indian Railway Catering and Tourism Corporation (IRCTC) is integrating the e-wheelchair facility with its tourism portal for the benefit of old, sick and differently-abled people who can pre-book wheelchairs from the comfort of their homes.
As the first phase of non-coal mineral auction will begins in October or November, the government had done away with the policy of selling detailed exploration reports of state-owned Mineral Exploration Corporation (MECL). Mines Min
There is a change in the business environment and there is also change in the market conditions. The government has put in place certain process that will ease the way business is conducted and this should help in the disinvestment process, which
SCOPE director general UD Choubey stressed on a multipronged approach towards achieving project excellence in public sector enterprises. In view of the huge capital investment of Rs 2.47 lakh crore provided to the sector in the uni
The offices of power minister Piyush Goyal, petroleum minister Dharmendra Pradhan and steel minister Narendra Singh Tomar have not sought freebies such as air tickets, guest houses, personal staff or vehicles for their families or staff members, a ra
When I was the CMD, I never appointed anyone just because the minister asked me to,” says the former head of a Mumbai-based PSU. Employment business in PSUs, she says, is usually at its peak during elections. But whenever the
Shares of more than a dozen central government public sector units (PSUs) and companies promoted by the Gujarat government hit their 52-week highs on Tuesday. The BSE PSU index has soared 13.7% in the past week alone — the best performance a
Coal India Ltd (CIL) chairman S Narsing Rao has decided to resign from the state-run minor to become the chief adviser to K Chandrasekhar Rao, who is set to become the first chief minister of Telengana. Rao is expected take over the new post on
Competition Commission of India (CCI) has directed the state-run miner to "cease and desist" from indulging in unfair business practices, after again being found guilty of abusing its dominant position in fuel supplies. Th
The National Waqf development Corporation (NAWADCO), a three-month-old public sector firm set up by the UPA government to develop 6 lakh acres of Waqf land, is set to launch its IPO by the end of the year, according to a newspaper report.
State-run BHEL has inked an initial agreement with the government of Yemen for setting up solar power projects in the Gulf nation. The MoU has been signed by B Prasada Rao, chairman and managing director, BHEL and Saleh Hassan Sumie
Air India (AI) is all set to join the world`s largest airline grouping company— Star Alliance, this June, according to newspaper reports. It will become the first airline company from India to be part of a global chain of carriers.
Emphasising the importance of women empowerment, U D Choubey, director general of SCOPE urged the public sector women employees to take concrete steps under their CSR programmes for developing skills and overall employment generation for women in