Page 10 - Psus

Divestment push may boost PSU m-cap on bourses from all-time low currently

Nifty PSE index closes at highest level since January 2018

Govt receives over Rs 2,593 cr dividend from NTPC, PGCIL this fiscal

The government has received Rs 7,515 crore as dividend from central public sector enterprises so far in the current financial year

DIPAM likely to decide on commercial matters for PSU privatisation

The panel headed by the cabinet secretary is yet to decide whether DIPAM can be empowered to take decisions on pricing matters for PSU privatisation

Most PSUs on govt's privatisation list created by private sector: Sanyal

He also said the government will not shy away from creating new public sector entities where ever required.

Power giant NTPC pays Rs 3,054-cr final dividend for 2020-21

State-owned power giant NTPC on Friday said it has paid the final dividend of Rs 3,054.45 crore for 2020-21. For the financial year 2020-21, NTPC Ltd has paid a final dividend of Rs 3,054.45 crore, being 31.5 per cent of the company's paid-up equity share capital, NTPC said in a statement. The real-time gross settlement (RTGS) advice for the transfer of Rs 1,560.93 crore, as the government's share in the final dividend, was presented to Union Minister of Power and New & Renewable Energy R K Singh, by NTPC Chairman and Managing Director Gurdeep Singh. This is the 28th consecutive year that NTPC has paid a dividend.

CIL announces performance reward of Rs 72,500 per non-exec employee

State-owned Coal India on Tuesday announced a performance-linked reward of Rs 72,500 per employee to all its non-executive cadre workforce for financial year 2020-21. The payment of performance-linked reward (PLR) would be made on or before October 11, 2021. "Non-executive cadre employees of Coal India Ltd (CIL), its subsidiaries and Singareni Collieries Company Ltd (SCCL) will get an amount of Rs 72,500 as PLR for financial year 2020-21," the Maharatna firm said in a statement. The decision was taken on Monday in a bipartite meeting of representatives of Central Trade Unions (CTUs), who are members of the standardisation Committee of JBCCI-X and management of CIL and SCCL held at CIL Office in New Delhi, the statement said. "Govt under PM @narendramodi ji is committed to the welfare of #CoalWarriors. In recognition to their nation-building efforts, performance-linked reward has been increased from Rs 68,000 to Rs 72,500 per person, this year. @CoalIndiaHQ @PRO_SCCL," Coal and Min

BSNL employee unions to launch campaign for removal of CMD Purwar

Employee unions of state-owned telecom firm BSNL have decided to launch a campaign for the removal of BSNL Chairman and Managing Director PK Purwar alleging his failure to revive the company.

SBI and other PSUs gain amid rejig of Nifty indices, HDFC Bank dips

RIL's weightage was reduced slightly, while HDFC Life's edged up in the benchmark Nifty index

New govt SPV likely to get powers to acquire and develop PSU land

The entity will be able to rent, lease and develop assets to monetise them for a fee, an official said

Disinvestment to increase PSUs' income, create jobs: MoS Finance Karad

The government plans to increase public sector undertakings' (PSUs) income and create employment through the disinvestment process, Minister of State for Finance Bhagwat K Karad said on Friday. He said public sector companies provide employment to 14 lakh people in the country. "Disinvestment doesn't mean that the companies are making losses, but the government has different plans to increase their income and to increase jobs," he said while addressing a virtual event organised by Dun & Bradstreet India. He said the government has decided to garner around Rs 6 lakh crore by way of monetisation. Last month, Finance Minister Nirmala Sitharaman had announced a Rs 6-lakh crore National Monetisation Pipeline (NMP) to unlock value in infrastructure assets across sectors ranging from power to road and railways. The plan, designed by the NITI Aayog, intends to sell off/lease public sector assets worth Rs 6 lakh crore to private companies in four financial years between 2021-22 and ...

GST Council likely to reject CCI plea for exemption of indirect tax

Fitment committee recommends rejecting MoSPI request for a waiver

Loss-making PSUs more attractive for buyers after income tax tweak

Investor must retain at least 51% stake to take the benefit

Review meet on disinvestment, privatisation of defence PSUs on Monday

The plan to bring down the government's shareholding and the broad timeline for the sale would be shared with the ministry

A land pipeline

Dipam's plan to sell PSU land worth expanding

Dilution of PSUs will hurt common people, alleges Mallikarjun Kharge

Dilution of PSUs by NDA government, as outlined in National Monetization Pipeline, would hurt the common people, benefit a few and ultimately affect reservations in jobs, Mallikarjun Kharge alleged

Centre plans PSU land sale worth more than Rs 600 crore via e-bidding

Parcels worth more than Rs 600 crore may be sold via new platform

Experts say govt driving capex even as FinMin praises private sector

Experts believe that investments are down and driven by government, PSUs

Rs 1-trillion m-cap club nears half-century; 19 companies join in 2021

Market experts said this was a natural consequence of the sustained gains in the market

Interest rate hike worries weigh on banking and PSU debt funds

Since the start of the current financial year till July, banking and PSU debt funds have seen outflows of Rs 1,247.44 crore

Uniform guidelines are needed for asset monetisation, say experts

However, experts believe that there should be some safeguards to give comfort to investors as these assets or projects involve risks