| PSUs to lose out on interest | 21-NOV-09 |
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| Public sector companies may continue to lose interest income on their idle deposits as the government has decided against allowing banks to bid for their bulk deposits. Top public sector undertakings (PSUs), sitting on surplus cash of over Rs 1,00,000 crore, have been demanding re-start of the bidding as it ensures higher interest rates. |
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| Decision on Maharatna tag likely by this month | 16-NOV-09 |
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| In a development that would add to the valuation of the public sector companies ahead of disinvestment, the government is likely to bestow the 'Maharatna' status to a handful of PSUs within a month. |
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| Getting PSUs on track | 16-NOV-09 |
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| With the Left out of the power equation, it was assumed that it would be only a matter of time before the government revived its disinvestment plans. While the government has announced an ambitious plan to sell off stakes in various public sector undertakings (PSUs), not all political parties in the ruling coalition seem to be willing to give up the political patronage and rents that come with control of PSUs. So, the government must be congratulated for biting the bullet. |
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| PSUs' peculiar problem | 15-NOV-09 |
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| With profit-making not being the sole motive of public units, caution needs to be exercised while investing in their IPOs. |
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| PM to take up BSNL's falling revenue | 14-NOV-09 |
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| Concerned over BSNL’s falling revenues, Prime Minister Manmohan Singh is likely to meet the brass of the telecom PSU and Communications and IT Minister A Raja to look into causes and find ways to improve performance.A senior BSNL official said the Department of Telecommunications (DoT) has asked BSNL to be prepared for such a meeting with the prime minister. |
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| 'We are World Bank's largest borrower' | 14-NOV-09 |
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| Power Grid Corporation of India (PGCIL), the state-owned power transmission company, is planning a capex of Rs 85,000 crore to Rs 1 lakh crore for the 12th Five-Year Plan (2012-17). The Navratna PSU is also eyeing a follow-on public offer (FPO) for the proposed expansion. Already, the corporation has become the single-largest borrower from the World Bank. So far, it has drawn $5 billion from the Bank. |
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| PM may meet BSNL top brass to check falling rev | 13-NOV-09 |
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| Concerned over BSNL's falling revenues, Prime Minister Manmohan Singh is likely to meet the top brass of the telecom PSU and Communication and IT Minister A Raja to look into causes and find ways to improve performance. |
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| HSL to build Rs 4,000 cr shipyard in AP or Orissa | 13-NOV-09 |
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| State-owned Hindustan Shipyard (HSL) plans to build a large shipyard to accommodate very large crude carrier ships (VLCC) at an estimated project cost of Rs 3,000-4,000 crore, a top official said. The proposed shipyard, which will be built on a public-private-partnership model, is expected to receive cabinet approval by the end of this fiscal, HSL's Chairman and Managing Director, Naresh Kumar said on the sidelines of SMM India's shipping trade fair. |
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| Incredible India struggles for an incredible recovery | 11-NOV-09 |
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| A two-year long global recession, Mumbai terror attack and then swine-flu, each coming on the back of the other. The tourism industry in India could not have expected anything worse than this. It however is starting to see its own green-shoots popping up. October 2009 saw the rate of fall in foreign tourist arrivals making a sharp decline to less than one percent against a 17 per cent fall in January 2009 (over January 2008). |
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| Defence PSUs win Raksha Mantri awards | 09-NOV-09 |
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| Four Strategic Business Units (SBUs) of BEL have won the Raksha Mantri’s Excellence Awards under various categories. The four SBUs are BEL-Hyderabad, which has won the Raksha Mantri’s Award for the ‘Best Performing Division’ among defence PSUs. |
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