Page 4 - Psu

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?

Best of BS Opinion: India's FTAs, misuse of agriculture credit and more

Here's a selection of Business Standard opinion pieces for the day

Outcome of 35% minimum public shareholding

Such an enforced dilution will offer chances to buy into certain closely-held shares

PSUs' capital outlay down for 1st time in 4 yrs; future could be more tense

The government's Budgetary support to PSUs, also, has increased significantly in these five years. It has gone up from Rs 0.69 trillion in 2013-14 to Rs 2.29 trillion in 2018-19

PSU share sale at record high of Rs 77,417 cr in 2018; Air India sale next

The Air India subsidiaries and assets alone are expected to fetch the government close to Rs 9,000 crore

PSUs' contribution to central exchequer fell 3% to Rs 3.5 trillion in FY18

In 2016-17, CPSEs' contribution to the exchequer stood at Rs 36 trillion

Govt gives ministries autonomy in hiring PSU directors sans PESB nod

There are 259 CPSEs in the country under the administrative control of various ministries and departments

How long will strong PSUs absorb non-performing companies, asks Kerala FM

He also wondered what Sidbi doing in IL&FS, given that its mandate is to service small enterprises. Instead it has been dabbling in other areas

Pawan Hans to Air India, govt identifies assets of 9 PSUs to be put on sale

Sources said valuation of all these assets was an ongoing process, and the mode and manner of disposal would be decided on a case-by-case basis