Psu

Navratna defence PSU BEL receives export orders worth $52 million in March

Navratna defence PSU Bharat Electronics Limited (BEL) has received export orders worth USD 52 million during this month, the company said on Friday. This includes communication equipment, electronics assembly, micro modules and mechanical parts for various customers from France, Israel, and the USA, among others, the Bengaluru-headquartered company said in a statement. "This is reflective of the growing business interest and confidence among international customers on BEL and other Indian industries, which comes with the encouragement of the Indian Government and its policies aimed at an 'Aatmanirbhar Bharat'," BEL said.

Star PSU: HAL's productivity gains, overhaul business driving growth

Productivity gains and the overhaul business are driving growth. HAL is also tapping into opportunities in civil aviation

First by an Indian PSU: GAIL scouting for 26% stake in US-based LNG project

Is open to either an existing plant or one scheduled to be commissioned by 2026-27; also wants to source one mtpa of gas the LNG liquefaction plant/project on FOB basis for 15 years

No word from RBI yet on regulatory leeway for HDFC twins' merger

HDFC Bank let go of Rs 40,000 cr loans as pricing didn't match bond mkt rates

4 govt-owned general insurers restructuring ops based on PPTs: Unions

The Central government-owned 4 general insurance companies are restructuring their operations based on powerpoint presentations (PPT) provided by consultancy firm EY and without getting a full report

Centre's fiscal deficit in H1 touches 37.3% of full-year target

The Centre is hopeful of keeping the fiscal deficit at 6.4 per cent of nominal GDP in FY23

PSU general insurer employees irked with move to link pay with performance

Experts say the government's decision to link wage revision with performance could have been pivoted on the financial health of the four public-sector insurers

Stagger entry into longer-duration funds over next six months: Experts

To stay safe, keep bulk of portfolio in shorter-duration or target maturity funds

Hindustan Shipyard registers highest value of production in its history

State-run Hindustan Shipyard Limited (HSL) has posted the highest value of production worth Rs 755 crore in the PSU's history during the financial year 2021-22, a senior company official said on Friday. Addressing a press conference here, Chairman and Managing Director of HSL Hemant Khatri said that despite various challenges due to the partial lockdown and restrictions dung second and third COVID waves, the state-run entity has posted the highest value of production with all three major business segments contributing to this. He said the value of production target would be more than Rs 1,000 crore during the current financial year. Khatri said the value of production from shipbuilding remained at Rs 613 crore marking it as the highest value of production recorded from shipbuilding division in the history of the shipyard. HSL has earned a net profit of Rs 50.78 crore during 2021-22 with an operating profit of Rs 10.69 crore as against a net loss of Rs 14 crore with an operating los

Sebi to allow confidential pre-filing of IPO documents in Sept 30 meet

The Securities and Exchange Board of India (Sebi) is set to allow confidential pre-filing of offer documents to safeguard sensitive business information

Blue Energy Motors unveils India's first LNG-fuelled green truck near Pune

Firm claims the engines generate high torque and help trucks deliver best-in-class total cost of ownership and offer unmatched ride comfort and safety for long hauls

Sri Lanka to form unit to help restructure state-owned enterprises: Prez

He also said value-added tax will be increased from 12 to 15 per cent effective from September 1 and the retirement age of government and semi-government employees will be reduced to 60 years

Why are top PSU companies not hiring?

Post pandemic, the private sector stepped up hiring, absorbing a bulk of skilled workforce. But what about the public sector giants? Are they matching up to India Inc in hiring? Let's find out

UTI AMC's shares soar 15% on reports of Tata AMC eyeing 45% stake

According to reports, Tata AMC plans to acquire the shares held by four public sector undertakings (PSUs) in the fund house that manages assets worth Rs 2.24 trillion

Panel led by cabinet secy seeks more info on Central Electronics sale

Privatisation of state-owned firm held up after money laundering case against top bidder

Kerala govt announces emergency financial assistance for cash-strapped PSU

The Kerala government has announced emergency financial assistance to Travancore Cements Limited, a cash-strapped public sector undertaking (PSU) to tide over its ongoing crisis

5 PSUs to set up manufacturing units to increase coal gasification capacity

Coal ministry proposes PLI for ammonium nitrate to raise volumes and price competitiveness

PSU debt serviced by a state to be brought under its FRBM limit: Govt

Such borrowings shall be considered as those availed by the state itself for the purpose of issuing consent under Article 293(3) of the Constitution, says FM Sitharaman

Thematic returns score over pure equity funds in past year, shows data

Pure equity funds, such as large-cap equity funds, have given returns of just 6.77 per cent in the past year

Centre extends due dates to bid for Ferro Scrap Nigam privatisation

Interested parties will have to submit physical copies of EoI by June 13 as against May 12 earlier. Shortlisted bidders would be intimated by June 27