Page 11 - Psus

State-owned NMDC first quarter net profit jumps to Rs 3,191 crore

State-owned NMDC on Thursday saw its consolidated net profit jump to Rs 3,191.30 crore in the first quarter ended June 30. The company had posted Rs 531.35 crore net profit during the same quarter a year ago. In a BSE filing, the company said its total income zoomed to Rs 6,656.30 crore in the latest June quarter from Rs 2,009.27 crore in the year-ago period. During the quarter under review, the company's expenses stood at Rs 2,394.31 crore as against Rs 1,250.82 crore in the same period of the previous fiscal. NMDC, under the Ministry of Steel, is the country''s largest iron ore miner. It is also into exploration of minerals like copper, rock phosphate, limestone, dolomite and gypsum.

Cracking the whip: TDS defaults by state PSUs, banks come under I-T lens

Tax dept plans to conduct over 500 survey operations to ensure compliance

Supporting 3 PSUs, Bharat Biotech facility for more Covaxin doses: Govt

Facility augmentation of Bharat Biotech and three public sector enterprises is being supported for enhancing production of COVID-19 vaccine Covaxin, Parliament was informed on Friday. The Department of Biotechnology has informed that the facility augmentation of Bharat Biotech and 3 public sector enterprises (PSEs) Haffkine Biopharmaceutical Corporation Ltd, Indian Immunologicals Ltd; and Bharat Immunologicals Biologicals Corporation Ltd is being supported for augmented production of Covaxin, Minister of Health & Family Welfare and Chemicals & Fertilizers Mansukh Mandaviya said in a written reply to a question in the Rajya Sabha. This is being done under the 'Mission COVID Suraksha the Indian COVID-19 Vaccine Development Mission', he added. Further, technology transfer of Covaxin production to Gujarat COVID Vaccine Consortium comprising Hester Biosciences, OmniBRx Biotechnologies Pvt Ltd and Gujarat Biotechnology Research Centre is being facilitated by the Department of ..

Respect regulations

Govt's U-turn on minimum public float of PSUs is surprising

Public float exemption for PSUs to have riders in privatisation push

The move is to ensure fairness and prevent arbitrary use of latest dispensation provided by the government

Govt permits 100% FDI in oil & gas PSUs approved for disinvestment

"The above decision will take effect from the date of FEMA notification," an official statement said

SPV for land, asset monetisation of PSUs soon: DIPAM Secretary

Department of Investment and Public Asset Management is working to implement the Budget announcement for having a specialised entity to monetise non-core assets

Banks may encounter legal hurdles in invoking personal guarantees

Experts say most promoters don't register assets under their names

FinMin gets bigger: Dept of Public Enterprises now part of Finance Ministry

Finance Ministry will now have six departments while DPE's hereto parent ministry, the Ministry of Heavy Industries and Public Enterprises will now be called the Ministry of Heavy Industries.

SBI better positioned to tackle any subsequent Covid-19 wave: Khara

SBI is the country's largest lender

India's bank credit-to-GDP ratio inches up to 56% in 2020: BIS data

The country's credit-to-GDP ratio improved to 56.075 per cent in 2020 from a low of 52.7 per cent in 2019.

No plans to reduce SAIL headcount: Pradhan to WB Finance Minister

SAIL, under the Ministry of Steel, is the country's largest steelmaker

PFC posts multifold jump in net profit to Rs 3,906 crore in March quarter

The firm's board has recommended a final dividend of Rs 2 per share with the face value of Rs 10 per share for 2020-21.

Indian Overseas Bank fourth quarter profit rises over 2-folds to Rs 350 cr

The bank had posted a net profit of Rs 143.79 crore in the same period a year ago.

Street signs: Shyam GMP at 35%, demand recovery to aid Power PSUs & more

Tata Steel is expected to see huge inflows from ETFs over the next week.

With an edge over private players, power PSUs put capex above reducing debt

Better debt ratios, regulatory comfort place NTPC, NHPC at an advantage over private players

State-owned NHPC net profit rises 80% to Rs 464 crore in March quarter

Electricity generation is the principal business activity of the group, and its primary source of revenue is from generation and sale of hydroelectricity.

Govt to seek approval from Cabinet to set up a land bank company

DIPAM finalises structure of the company that will sell land parcels of govt departments and PSUs

PSUs take the lead in Covid vaccination but shortage hits remote locations

While this is one of the larger-scale vaccinations, the drive faces delays and pauses due to shortages of vaccines, especially in remote areas

Govt looking to monetise possible IT parks, SEZs developed on PSU land

Developing long-term, revenue-generating resources by using such idle assets will help create more value than by disposing them of at low valuations