PSU

State-run PSUs` telephone subscriber base comes down

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

NTPC may buy Sarni thermal power station in MP

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

Atul Sobti to be BHEL`s next CMD

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

African safari: ONGC, partners to invest $24 bn in Mozambique gas field

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

Suresh Prabhu gets funds for railways expansion

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

Rail miniratna IRCTC shines with e-wheelchair facility

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.

Mineral Exploration Corporation not to sell mining data

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

Disinvestment: An uphill task?

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 calls for faster project examination

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

No to freebies by new ministers

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

PSUs seek more autonomy, less govt interference

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

PSU stocks surge to record highs

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

Narsing Rao to quit Coal India, become KCR’s chief adviser

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

CCI again finds Coal India violating competition norms

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

To develop 6 lakh acres, waqf PSU set to launch IPO by year-end

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.

BHEL signs pact for setting up renewable projects in Yemen

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 to join Star Alliance in June

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.

SCOPE for empowerment of women in public sectors

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

AAI hosts ‘mates and moments’ exhibition

Airport Authority of India recently organized an exhibition depicting the photographic journey of Ashok Lavasa, secretary, civil aviation and his wife Novel Lavasa exploring the nature. The exhibition was held from January 11-15, 2014 in India hab

EIL conferred with Golden Peacock award for CSR

Engineers India Ltd. (EIL) has been conferred with the Golden Peacock award for corporate social responsibility (CSR) for the year 2013 by Institute of Directors. The award was given by Nikhil Kumar, governor of Kerala at the 8th International con



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