Page 9 - Psus

The burden of govt equity in PSUs

The Modi govt has outdone the Manmohan Singh regime in ramping up infrastructure outlay for state-controlled units

FY23 capital outlay plan for CPSEs projected to dip 1.21% year-on-year

Govt to shift part of CPSEs debt to itself as it infuses more equity

PM Modi didn't create single PSU, privatised 23: Congress MP in RS

Congress's MP Ripun Bora in Rajya Sabha on Thursday attacked Prime Minister Narendra Modi, saying that he did not create a single Public Sector Undertaking (PSU) while he privatised 23

Budget bets big on public infra: Subsidy bill falls as Covid concern eases

FM slashes Customs exemptions again, this time on capital goods

Win-win deal: Why Air India privatisation has drawn little to no criticism

That such a deal can be greeted with celebration in the camps of both buyer and seller speaks volumes about the airline and its recent history, writes T N Ninan

Union Budget 2022: Key measures govt must take to address demand-side issue

The country's annual financial exercise this year, comes at a juncture when the outlook on both, global and domestic growth is uncertain in the context of the pandemic trajectory

PSUs rush to raise offshore debt for ongoing projects, retiring older loans

REC to raise $1.1 bn, NTPC and IRFC are raising $1.75 bn; Private sector companies led by Reliance Industries are also tapping international bond markets to raise funds

Govt firms asked to declare market value of land, other real estate assets

Measure seen as a bid to boost investor confidence in PSUs stocks

Valuation question holds up SPV for land, asset monetisation of PSUs

The government is still finalising the valuation at which such assets will be transferred to the SPV.

PSUs borrowing to buy equity of another firm defeats purpose: CAG

Due to poor financial condition, it said, ChPT had to raise a loan of Rs 1,775 crore at a rate of interest of 8 per cent per annum for purchasing the GoI's stake in KPL

CAG raps Bihar govt for its financial help to defaulting govt companies

These PSUs have not finalised their accounts for the last one to 43 years in violation of provisions of the Companies Act/Acts of the respective Statutory Corporations/Public Sector Undertakings

Centre set to rejig privatisation process for non-strategic sectors

Companies in non-strategic sectors would be considered for privatisation, wherever feasible, or else they would be closed

HAL to manufacture first four light utility helicopters by 2022-23: Govt

Out of the initial quota of four choppers, two each will go to the Indian Army and the Indian Air Force

What govt U-Turn on IRCTC means for minority shareholders in other PSUs

After negative market reaction, the govt recently made a U-turn on its decision to take away the revenue IRCTC earns from convenience fee. Now what does it mean for investors of PSU stocks?

Must consider shareholder interests: DIPAM secretary Tuhin Kanta Pandey

'DIPAM has been advising ministries to carefully evaluate any policy changes which play a larger part in the functioning of PSUs', said Pandey

Govt appoints seven executive directors for public sector banks

Many of these executives, in their early 50s, who stand to serve a full five-year term, will be eligible for extension

Govt to soon reach out to potential buyers of debt-laden IDBI Bank

The Centre, through its advisors, will share the strategic sale plan with investors, and how the deal is expected to be structured, an official said

Temper expectations from privatisation trade, say analysts

The brokerage says listed PSUs face several challenges and continued government ownership may weigh on their performance

IRCTC m-cap tops Rs 1 trillion in intraday trade before settling 16% lower

Ends the day with a market cap of Rs 85,808 cr; stock has risen 3.3x this year; other firms in railways too come off from intraday highs amid buzz that govt is appointing a regulator for the sector

Top headlines: PM launches 7 defence PSUs; Brent oil surges to $85/barrel

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