Page 8 - Psus

PSUs' buy from small business rose 11% to Rs 41,699 crore in FY21

About 239 of 389 PSUs owned about 1.61 million acres land collectively, the survey showed

SBI gains 17% in one month, surpasses LIC to become most valued PSU stock

In the past one month, SBI has rallied 17 per cent, as compared to a 5 per cent gain in the stock price of LIC.

The weaker side of generosity

High dividend payouts reflect low growth expectations

Major PSU banks to go live on account aggregator system by July-end

SBI and BoB are expected to go live by the deadline; PNB and Union Bank of India are already live on the ecosystem

Few vacancies, delayed appointments: Why ex-servicemen fail to find jobs

The data shows that absorbing the first batch of 34,500 retired Agniveers in 2026 will require additional vacancies

Centre looks to build divestment capacity in govt departments, PSUs

DIPAM calls for in-house capabilities for analysis and decisions regarding divestment-related measures

Strategic PSUs should look to scale up, boost efficiency: FM Sitharaman

The minister said strategic sectors had been identified based on national interest, and the government would continue to have its presence in these sectors

PSUs asked to route strategic divestment, minority stake sales via DIPAM

The process for strategic divestment will be through competitive bidding, while soon-to-be specified guidelines will have to be followed for shutting down units

Centre puts oil pipeline monetisation on hold as PSUs resist: Report

According to a report, the oil and gas companies had resisted the idea from the beginning as pipelines are core to their business

RailTel posts highest-ever consolidated income of Rs 1,628 crore in FY22

With this, RailTel has posted a profit before tax amounting to Rs 281 crore and profit after tax of Rs 209 cr during the Financial Year 21-22 on consolidated basis

PSU privatisation: Centre asks for legal declaration from bidders

An entity, which is disqualified, will not be allowed to participate merely because it has filed an appeal against an adverse order

Aatmanirbhar Bharat needs Aatmanirbhar banking sector: CII's Sanjiv Bajaj

In a Q&A, the president of the industry body dwells on how a cut in fuel duties will spur demand, and the impact of interest rate regime on India's FY23 GDP growth

Down nearly 8% at closing bell, LIC adds to poor listing scorecard of PSUs

Most large floats by the government have failed to create long-term wealth for investors

State-run firms asked to buy back even when shares take a beating

Centre's move aimed at improving PSUs' stock performance

Why Digital Rupee is a distraction and India ought to go slow on it

A digital currency is more of a fashionable trend and trends are for social media influencers, not governments

Centre has created new opportunities for private sector: FM Sitharaman

If Coimbatore tries to be a pioneer in Web3 technology, it can achieve a unique place and the city can lead the way in the country, she said

Centre to rate PSUs on capital mgmt, investor concalls among new parameters

PSUs also have to comply with asset monetisation targets set collectively by their administrative ministry

Six groups set up to improve PSB functioning to submit report by December

Participating in the meeting, Financial Services Secretary Sanjay Malhotra recently asked the banks to explore strategies for long-term profitability and adopt a more customer-centric approach.

PSUs, cooperative societies disallowed from bidding for state-run entities

PSUs in non-strategic sectors would be privatised if feasible or considered for closure.

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