Page 2 - Psu

Economic Survey: Trend of PSU investment in roads and railways to continue

Demand for steel to get a boost with higher roads, rail spend

Budget 2022-23: Non-strategic PSU privatisation may see a push next year

A new committee has also been formed under the chairmanship of NITI Aayog CEO Amitabh Kant to help identify non-strategic PSUs for privatisation

State attracts MoUs worth over Rs 24,000 crore ahead of Vibrant Gujarat

Leading MoUs were those from chemical, electrical equipment and PSU majors like Kiri Industries, Meghmani Organics and Meghmani Finechem, Borosil Renewables, and Indian Oil

HPCL's Q2 net drops 35% to Rs 1,919 cr, GRM halves to $2.44 a barrel

The GRM was impacted by the higher fuel and loss component in view of shutdown, restarting and stabilisation activities at both HPCL refineries

Centre starts talks with RBI to kick off bank privatisation process

The process of bank privatisation would be different from the sale of any other PSU, and more restrictions and measures will have to be put in place, the official said

PSU receives loan license to supply Bharat Biotech's Covaxin drug substance

PSU Indian Immunologicals Limited has received a loan license from drug regulator CDSCO for supplying to Bharat Biotech Covaxin drug substance produced at its repurposed facility, DBT said on Friday

Govt's move to bring DPE under FinMin to aid privatisation process

The changes are being done as govt looks to maintain "bare minimum" presence in PSUs in strategic sectors and privatise, merge, or close the remaining state-owned entities

Riding on green fuel: Star PSU Gujarat Gas looks to tap new markets

Having become India's largest city gas distribution company, Gujarat Gas looks to tap new markets

Threat to BSNL, tepid listing gains: Analysts' take on RailTel IPO

Listen to this podcast to know what Ambareesh Baliga, an independent market analyst; and Likhita Chepa, senior research analyst at CapitalVia Global Research have to say about the issue

Top headlines: Security clearance policy for PSU privatisation, and more

The government is set to amend its security clearance policy for investors participating in privatisation or strategic divestment in PSUs. Read today's top news with Business Standard

Statsguru: Bank lending in the slow lane amid Covid-19 pandemic

In a period of slowing credit growth, only PSUs have sequentially borrowed more, and that too, only from private banks

NBCC slips 3% as consolidated profit for June quarter plunges 88% YoY

NBCC's sales for the quarter declined 64.10 per cent to Rs 676.95 crore.

Covid-19 impact: Coal India revises output target to 650 mn tonne in FY21

The miner had earlier set a production target of 710 million tonne for the 2020-21 fiscal

Sebi grants temporary relief to companies from public float norms

Sources say companies had approached the regulator seeking relaxation citing unfavorable market conditions through investment bankers and industry bodies

CBDT asks govt to tell PSUs to opt for 'Vivad se Vishwas' scheme

So far, no PSU has shown interest in the scheme

I believe SC's AGR ruling does not apply to non-telecom PSUs: Pradhan

Oil Minister Dharmendra Pradhan on Monday said he believes non-telecom PSUs are not covered by the Supreme Court order that asked telecom licence holders to pay statutory dues after including non-telecom revenues. Following the October 24 Supreme Court ruling that non-telecom revenues of telecom firms such as Bharti Airtel and Vodafone Idea should be included for considering payments of government dues, the telecom department sought Rs 1.83 lakh crore from gas utility GAIL India Ltd, about Rs 48,500 crore from OIL, Rs 21,953.65 crore from Power Grid Corp and Rs 15,020 crore from Gujarat Narmada Valley Fertilizers & Chemicals Ltd. The government's demand from such companies was many times more than their net worth. "The Department of Telecommunications (DoT) has served notice to government oil companies due to some communication gap. We have placed our side after doing all legal consultations," Pradhan told reporters here. He went on to state that neither of the public sector ...

D-Street's bullet train: IRCTC climbs league table to be most-valued PSU

In the past 10 trading sessions, shares of the state-owned company have shot up more than 50 per cent

PSU insurance firms seek Rs 12,000-cr infusion as merger put on fast track

The financial condition of the three companies has, meanwhile, deteriorated and warrants capitalisation, if the merged entity is to be listed

Play safe with PSU stocks ahead of Budget despite divestment trigger

Among the stocks that comprise the Nifty CPSE index, seven have recorded negative returns during the fiscal

Letter to BS: Govt should sell all its stake in loss-making PSUs at one go

Shouldn't the amount be used towards creating new assets in infrastructure that would lead to economic development?