Page 3 - Psu

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

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