Page 5 - Psu

PSU banks plans closure of 70 overseas offices during this fiscal

PSBs closed down 35 foreign operations last year

Cash-rich PSU general insurer may be asked to buy out smaller ones

In the 2018-19 Budget, FM Jaitley proposed merging three public sector general insurance companies into one single insurance entity

12 PSU banks firming plans to raise funds from markets

Board of PNB has given approval for raising equity capital to the tune of Rs 3,000 cr through FPO

Seven years of talks

A former banker narrated his experience back in 2010

Cabinet clears listing of 11 PSUs

Among the PSUs are five railway subsidiaries as well

PSUs mount comeback, outrun Sensex after seven years

Revival in global commodity prices, beaten-down valuations, attractive dividends fuelled PSU stocks

SAIL, BSNL, Air India incur half the losses of top-10 loss making PSUs

Coal India, ONGC and Indian Oil Corporation emerged as star financial performers

New mechanism soon to fast-track listing of PSUs

Jaitley said Centre will come up with new mechanism to ensure time bound listing of identified CPSEs

Centre to offload entire stake in three PSUs

The govt has 100% in NPCC and PDI, and owns a 51% stake in Pawan Hans

17 sick PSUs set to be closed down

Closing down these sick PSUs is part of a strategy to deal with beleaguered government-owned companies

Govt draws up blueprint to deal with sick PSUs

Strategic sale to be considered for six firms, 26 may be closed

Centre plans to shut seven PSUs at one go

Among them are likley to be Bird Jute and Exports, Hindustan Papers, Hindustan Photo Films, Tyre Corporation and Richardson & Cruddas

PSU bank stocks gain on RBI's move on stressed assets

The scrip of Punjab National Bank surged 5.18%, Bank of India rose by 3.14%, Bank of Baroda climbed 2.43% on BSE

Less PSU dividends in FY16?

Performance of many in first 9 months was muted; even with govt stipulation, payouts may not rise

Govt may liquidate some loss-making PSUs this fiscal

As per the latest government report, there are 77 loss- making PSUs at the end of March last year with a total aggregate loss of Rs 27,360 cr

Govt to infuse Rs 5,050 crore in state-run banks soon

It will be part of the Rs 25,000 crore capital infusion plan earmarked for the current fiscal

Centre plans to divest stakes in sick PSUs

Geete said his ministry was in talks with the two state governments to take over operations at the Palakkad and Kota units of IL