Psus

No plan to lift FDI cap in public sector banks beyond 20%: MoS Finance

The government is not considering any proposal to raise the foreign direct investment (FDI) limit in public sector banks to 49 per cent, from the current 20 per cent, Minister of State for Finance Pankaj Chaudhary said on Tuesday. The FDI limit in PSBs and private sector banks is 20 per cent and 74 per cent, respectively. In case of private sector banks, up to 49 per cent of FDI is through the automatic route and beyond 49 per cent and up to 74 per cent, government route is applicable. In response to a written question in the Rajya Sabha on whether the government has proposed raising the FDI limit in PSBs to 49 per cent, Chaudhary replied in the negative. Further, as per Reserve Bank of India's (RBI) Master Directions on Acquisition and holding of shares or voting rights in Banking Companies', share acquisition of a bank resulting in any person owning or controlling 5 per cent or more of the paid-up capital of the bank, requires prior RBI approval. Replying to another question, ...

Engineers India shares gain 5% on strong Q2 numbers; Antique retains 'Buy'

Engineers India reported revenue of ₹921.3 crore in Q2FY26, up 34 per cent Y-o-Y from ₹689 crore in the year-ago period, on the back of healthy demand across its key segments

PSU Funds: Govt spending could aid recovery, suited for high-risk takers

Allocate 5-10% in satellite portfolio with five-year horizon

BHEL tumbles 5% as Q1 loss widens, but analysts retain 'Buy'; here's why

BHEL posted consolidated revenue from operations of ₹548.69 crore, broadly flat compared to ₹548.49 crore in the year-ago period

Over 1,000 RINL staff opt for VRS amid disinvestment: MoS Varma

Over 1,000 employees of disinvestment-bound steelmaker RINL have applied for voluntary retirement scheme (VRS), Parliament was informed on Friday. The benefits for VRS-II in RINL are according to guidelines of Department of Public Enterprises (DPE) dated July 20, 2018, Minister of State (MoS) for Steel Bhupathiraju Srinivasa Varma said in a reply to the Rajya Sabha. The minister said the benefits of VRS-II are the same as were extended in VRS. "RINL offered VRS for opting eligible and interested employees on 14.06.2025. The scheme had commenced on 16.06.2025 and the last date for withdrawal of submitting applications was 18.07.2025. (A total of) 1,017 number of employees have opted for VRS," he said. As per an official document, the company employed 13,536 regular employees (4,390 executives, and 9,146 non-executives) as on March 31, 2024. Cabinet Committee on Economic Affairs on January 27, 2021 accorded "in principle" approval for 100 per cent disinvestment of Government of Indi

Three new nano fertiliser plants to be set up by PSUs, firms: Govt

The government on Tuesday said three more nano fertiliser plants will be set up with a total production capacity of 17 crore bottles per annum by private and public fertiliser companies. Minister of State for Chemicals and Fertilizers Anupriya Patel, in her written reply to the Rajya Sabha, said the government is not directly involved in setting up of nano fertiliser plants across the country. Overall seven nano-urea plants have been set up by fertiliser companies with a total production capacity of all these nano-urea plants presently in operation at 27.22 crore bottles (500 ml each) per annum. Further, three nano DAP (Di Ammonium Phosphate) plants have been set up by fertilizer companies with a total production capacity of all these nano DAP plants presently in operation at 7.64 crore bottles (500 ml each) per annum. In addition to this, "PSUs and other fertilizer companies have intimated about setting up of 3 more nano fertilizer plants, with a total production capacity of 17 cr

Banks flush with funds but reluctant to pursue aggressive lending

Loan growth for banks is yet to pick up despite a 100 bps cut in the policy repo rate by the Reserve Bank of India (RBI) since February

Reverse-flipping and startup IPOs get boost as Sebi relaxes norms

Sebi allows ESOP, convertible security holding at DRHP stage, relaxes PSU delisting, FPI norms; proposes fee transparency, simplifies documents for investors

LIC tops PSUs chart with record Rs 19,013 crore profit in Q4FY25

State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit making company among PSUs in March quarter FY25, netting a little over Rs 19,000 crore. Last week, LIC reported 38 per cent jump in net profit for January-March FY25 at record Rs 19,013 crore as compared to Rs 13,763 crore in the corresponding quarter in the previous year. The insurance behemoth was followed by the country's biggest lender State Bank of India (SBI) with Rs 18,643 crore profit during the fourth quarter. However, SBI was ahead of LIC in terms of annual profit as it earned Rs 70,901 crore in FY25 as against Rs 48,151 crore of LIC. Among other PSUs, Coal India earned a net profit of Rs 9,604 crore in the quarter followed by Power Finance Corporation (PFC) earning Rs 8,358 crore and NTPC Rs 7,897 crore, as per the data available on stock exchanges. In the oil sector, Indian Oil Corporation (IOC) closed the fourth quarter with a net profit of Rs 7,265 crore followed by exploration gi

Datanomics: One in four listed CPSEs falls short of Sebi's MPS norm

Of 79 listed CPSUs and financial institutions, 21 have not met SEBI's public shareholding requirement, with nearly half of them from the financial sector

NTPC Green Energy appoints Sarit Maheshwari as CEO, replacing Rajiv Gupta

NTPC Green Energy board on Saturday appointed Sarit Maheshwari as the Chief Executive Officer with immediate effect. The board of directors of the company in its meeting on Saturday approved cessation of Rajiv Gupta as Chief Executive Officer (Key Managerial Personnel), with effect from May 10, 2025, a regulatory filing said. According to the filing, the board of directors has approved the appointment of Sarit Maheshwari as Chief Executive Officer of the company with effect from May 10, 2025. He has 35 years of experience in the power sector and was associated with NTPC as Head of Project Korba, it said.

Nifty PSU Bank index slips 5%, sees sharpest one-day fall in 11 months

The Nifty PSU Bank index was the top loser among sectoral indices that ended 4.8 per cent lower at 6,235.20 levels on the NSE. BoB was the top loser among PSU banks that lost 11 per cent

Sebi proposes easier delisting rules for low-float PSUs with 90% govt stake

Sebi proposes fixed price delisting and exemptions from minimum public shareholding rules for PSUs with over 90 per cent government holding and thin public float

Sebi may set up separate mechanism for voluntary delisting of PSUs

Markets regulator Sebi on Tuesday proposed carving out a separate mechanism for voluntary delisting of PSUs, where the government or promoter group owns 90 per cent or more of shares. Under current rules, delisting is successful if promoter shareholding reaches 90 per cent. Moreover, the floor price for delisting is calculated using several pricing metrics such as 60-day average price and highest price in the last 26 weeks. These rules can make delisting costly for PSUs due to high market prices despite low book values or weak financials. In its consultation paper, Sebi noted that many PSUs have low public shareholding, outdated business models or weak future outlook and higher market prices due to government ownership than actual value. These make them financially burdensome for the government to delist such companies. In view of these drawbacks and to facilitate delisting of such PSUs, Sebi has proposed that a separate carve out for voluntary delisting should be created. Under

Policy allowing captive port berths to PSUs by nomination likely soon

In exchange, the operator pays royalty based on cargo volumes to the port authority. There are around 24 captive waterfront facilities at major ports

6 PSUs seek govt nod to issue deep-discount bonds, long-tenor debt

These companies are Indian Railway Finance Corp (IRFC) , Indian Renewable Energy Development Agency (IREDA) , Power Grid Corp of India (PGC), REC, SIDBI and NABARD

DIPAM to urge mutual funds to include PSU stocks in their portfolios

To promote inclusivity and enhance the Indian equity market for retail investors, the government also plans to advocate for greater accountability in private sector regarding dividend distributions

Boardroom gaps: Public-sector undertakings' governance under lens

Last month, 16 PSUs argued director appointments beyond their control

Sectoral fund inflows down 75% from peak, 19% of schemes at losses: Report

Domestic flows slowed down in February 2025 to ₹29,000 crore from ₹40,000 crore in January 2025

Pvt firms, DRDO and DPSUs must work together to strengthen IAF: MoD report

IAF's active squadrons have fallen to 31 against the authorised 42, with an ageing fleet and delayed inductions exacerbating the issue