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public sector News
Government bank merger acceptance by cabinet soon
Wed, Feb 12, 2020
The Centre might approve the scheme of amalgamation of 10 public sector banks into four. The Union Cabinet, led by Prime Minister Narendra Modi s expected to approve the amalgamation of the Banks.
Sensex closes 165 points higher, Nifty at 11,965; Zee Entertainment, ONGC, YES Bank top performers
Wed, Jun 12, 2019
Indian benchmark equities ended on a positive note Tuesday, powered by gains in IT, metal and public sector banking stocks amid higher global markets.
ONGC profit up 15% on higher prices
Fri, Feb 09, 2018
The net profit in the October-December quarter of the current financial year was at Rs 5,014.67 crore
58% banks report rise in bad loans in July-Dec: Survey
Wed, Jan 24, 2018
According to the survey, 58 per cent of the respondent banks reported a rise in NPAs, significantly lower than 80 per cent in the previous round. Infrastructure, metals and engineering goods were key contributors to the bad debt.
Union Budget 2017: Govt may not achieve divestment target
Wed, Feb 01, 2017
The divestment income targets seems to be too aggressive for FY17 and hence expected to see a shortfall.
Cabinet approves revision of ethanol prices to public sector
Thu, Oct 13, 2016
The Cabinet Committee on Economic Affairs (CCEA), on Thursday approved the mechanism for revision of ethanol price for supply to Public Sector Oil Marketing Companies (OMCs) to carry out the Ethanol Blended Petrol (EBP) Programme. The committee decided on the following: