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Withdrawing demand of around Rs 4 lakh crore AGR related dues raised against PSUs: Centre tells SC
Thu, Jun 18, 2020
In a major development in the matter of adjusted gross revenue (AGR) dues of telcos, Centre has told the Supreme Court that it is withdrawing demand for 96 per cent of around Rs 4 lakh crore AGR related dues raised against PSUs.
Government directs PSUs to enforce work from home for half of their non executive staff
Fri, Mar 20, 2020
To avoid crowding in heir respective offices, plants, units, etc. All heads of CPSEs have been asked to draft a weekly roster keeping in view their work/production exigencies for the non- executive staff in such a manner that not more than 50 per cent of their non executive staff attend the office every day.
Divestment not on the basis of profit or loss: Government
Tue, Dec 10, 2019
The Modi government has given in-principle approval for disinvestment of about 28 central public sector enterprises (CPSEs) which include profit-making companies like fuel refiner and retailer BPCL and Container Corporation of India Ltd (CONCOR).
Bids for BPCL, Railways' arm Concor and others: How mega disinvestment plan of Modi government is a big shot in the arm of Indian economy
Sat, Nov 23, 2019
Whopping target of Rs 1.05 lakh crore!
Schemes are being rationalised to reduce cost of supply and power: AK Bhalla, Power Secretary
Tue, Jul 16, 2019
Various reasons like availability of fuel for plants and absence of power purchasing agreement has created stress in the power sector, says AK Bhalla, Union Power Secretary, during an interview with Zee Business.
Budget my pick: Top stocks before budget 2019
Tue, Jan 29, 2019
Watch this segment to know the top stocks for investment before budget 2019.
Cabinet approves plan to list 6 state-owned firms
Fri, Dec 28, 2018
The cabinet gave approval to list Telecommunication Consultants Ltd, RailTel Corp India Ltd, National Seed Corp India Ltd, Tehri Hydro Development Corp Ltd, Water & Power Consultancy Services Ltd and FCI Aravali Gypsum and Minerals Ltd, Law Minister Ravi Shankar Prasad told reporters.
Electric vehicles charging stations: No separate licence required
Mon, Apr 16, 2018
Giving a boost to the electric vehicle drive, the setting up of charging stations for them does not need a separate licence under the Electricity Act 2003, the government has said.
CPSE debt ETF to offer interest rate higher than govt securities
Thu, Feb 22, 2018
The CPSE debt ETF announced in the Budget this month is likely to give higher interest rate to investors than offered by Government Securities (G-Secs), a senior finance ministry official said.
Niti Aayog making new list of sick PSUs for divestment: Amitabh Kant
Wed, Feb 21, 2018
The 2017-18 Budget had set the target of disinvestment in public sector units at Rs 72,500 crore.
Market take heavy beating, tumble 983 points for the week
Sat, Feb 03, 2018
The budget proposals of 10% long term capital gains tax on equities and overshooting of fiscal deficit target quashed investor optimism
Will the govt increase disinvestment targets for FY19?
Thu, Jan 04, 2018
The BSE on its website explains that the main objective of disinvestment is to indicate that PSUs had shown a very negative rate of return on capital employed.
Bharat-22 ETF size increases to Rs 14,500 crore: DIPAM
Mon, Nov 20, 2017
Bharat 22 consists of 22 stocks which include central public sector enterprises (CPSE), public sector banks and strategic holding of SUUTI.
Arun Jaitley asks public sector companies to boost capital expenditure for economy's sake
Thu, Sep 28, 2017
Senior secretaries apprised the Finance Minister that their capital expenditure programme for the current year are completely on track for achieving the capital expenditure of Rs 3.85 lakh crore budgeted in 2017-18.
Split of Chairman, MD posts at listed firms: PSUs may be first to face
Tue, Sep 19, 2017
Sebi rules require that the listed companies may voluntarily separate the two posts to avoid any conflict of interest, but the regulator has so far refrained from making it mandatory.
FinMin writes to heads of PSU banks on consolidation
Sun, Sep 03, 2017
The finance ministry has written letters to all heads of PSU lenders informing them the government's decision to set up a ministerial panel to facilitate consolidation in the public banking space.
PSU banks took recovery action against 5,954 wilful defaulters, FinMin says
Sun, Aug 27, 2017
Total outstanding loans due to public sector banks by wilful defaulters amounted to Rs. 92,376 crore, according to the finance ministry data.
PSU's will ask for insurance information from Banks
Tue, May 23, 2017
PSU's will ask for insurance information from Banks. Watch the full segment for more details.
India's first state-run company IPO in 5 years receives strong response
Fri, May 12, 2017
Investors bid for 16.22 billion shares compared with about 204 million on offer, according to stock exchange data on Thursday, the closing date for applications.
CPSE IPOs within 22 weeks of govt nod
Sun, Feb 19, 2017
Within two weeks of the Budget announcement of listing all profitable central public sector enterprises, the Department of Investment and Public Asset Management (DIPAM) has issued guidelines detailing the mechanism and procedure for time-bound listing of CPSEs on Stock Exchanges.