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Government directs PSUs to enforce work from home for half of their non executive staff

Government directs PSUs to enforce work from home for half of their non executive staff

Fri, Mar 20, 2020

To avoid crowding in heir respective offices, plants, units, etc. All heads of CPSEs have been asked to draft a weekly roster keeping in view their work/production exigencies for the non- executive staff in such a manner that not more than 50 per cent of their non executive staff attend the office every day.

Divestment not on the basis of profit or loss: Government

Divestment not on the basis of profit or loss: Government

Tue, Dec 10, 2019

The Modi government has given in-principle approval for disinvestment of about 28 central public sector enterprises (CPSEs) which include profit-making companies like fuel refiner and retailer BPCL and Container Corporation of India Ltd (CONCOR).

Bids for BPCL, Railways' arm Concor and others: How mega disinvestment plan of Modi government is a big shot in the arm of Indian economy

Bids for BPCL, Railways' arm Concor and others: How mega disinvestment plan of Modi government is a big shot in the arm of Indian economy

Sat, Nov 23, 2019

Whopping target of Rs 1.05 lakh crore!

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Schemes are being rationalised to reduce cost of supply and power: AK Bhalla, Power Secretary

Schemes are being rationalised to reduce cost of supply and power: AK Bhalla, Power Secretary

Tue, Jul 16, 2019

Various reasons like availability of fuel for plants and absence of power purchasing agreement has created stress in the power sector, says AK Bhalla, Union Power Secretary, during an interview with Zee Business.

Budget my pick: Top stocks before budget 2019

Budget my pick: Top stocks before budget 2019

Tue, Jan 29, 2019

Watch this segment to know the top stocks for investment before budget 2019.

Cabinet approves plan to list 6 state-owned firms

Cabinet approves plan to list 6 state-owned firms

Fri, Dec 28, 2018

The cabinet gave approval to list Telecommunication Consultants Ltd, RailTel Corp India Ltd, National Seed Corp India Ltd, Tehri Hydro Development Corp Ltd, Water & Power Consultancy Services Ltd and FCI Aravali Gypsum and Minerals Ltd, Law Minister Ravi Shankar Prasad told reporters.

Electric vehicles charging stations: No separate licence required

Electric vehicles charging stations: No separate licence required

Mon, Apr 16, 2018

Giving a boost to the electric vehicle drive, the setting up of charging stations for them does not need a separate licence under the Electricity Act 2003, the government has said.

CPSE debt ETF to offer interest rate higher than govt securities

CPSE debt ETF to offer interest rate higher than govt securities

Thu, Feb 22, 2018

The CPSE debt ETF announced in the Budget this month is likely to give higher interest rate to investors than offered by Government Securities (G-Secs), a senior finance ministry official said.

Niti Aayog making new list of sick PSUs for divestment: Amitabh Kant

Niti Aayog making new list of sick PSUs for divestment: Amitabh Kant

Wed, Feb 21, 2018

The 2017-18 Budget had set the target of disinvestment in public sector units at Rs 72,500 crore.

Market take heavy beating, tumble 983 points for the week

Market take heavy beating, tumble 983 points for the week

Sat, Feb 03, 2018

The budget proposals of 10% long term capital gains tax on equities and overshooting of fiscal deficit target quashed investor optimism

Will the govt increase disinvestment targets for FY19?

Will the govt increase disinvestment targets for FY19?

Thu, Jan 04, 2018

The BSE on its website explains that the main objective of disinvestment is to indicate that PSUs had shown a very negative rate of return on capital employed.

Bharat-22 ETF size increases to Rs 14,500 crore: DIPAM

Bharat-22 ETF size increases to Rs 14,500 crore: DIPAM

Mon, Nov 20, 2017

Bharat 22 consists of 22 stocks which include central public sector enterprises (CPSE), public sector banks and strategic holding of SUUTI.

Arun Jaitley asks public sector companies to boost capital expenditure for economy's sake

Arun Jaitley asks public sector companies to boost capital expenditure for economy's sake

Thu, Sep 28, 2017

Senior secretaries apprised the Finance Minister that their capital expenditure programme for the current year are completely on track for achieving the capital expenditure of Rs 3.85 lakh crore budgeted in 2017-18.

Split of Chairman, MD posts at listed firms: PSUs may be first to face

Split of Chairman, MD posts at listed firms: PSUs may be first to face

Tue, Sep 19, 2017

Sebi rules require that the listed companies may voluntarily separate the two posts to avoid any conflict of interest, but the regulator has so far refrained from making it mandatory.

FinMin writes to heads of PSU banks on consolidation

FinMin writes to heads of PSU banks on consolidation

Sun, Sep 03, 2017

The finance ministry has written letters to all heads of PSU lenders informing them the government's decision to set up a ministerial panel to facilitate consolidation in the public banking space.

PSU banks took recovery action against 5,954 wilful defaulters, FinMin says

PSU banks took recovery action against 5,954 wilful defaulters, FinMin says

Sun, Aug 27, 2017

Total outstanding loans due to public sector banks by wilful defaulters amounted to Rs. 92,376 crore, according to the finance ministry data.

PSU's will ask for insurance information from Banks

PSU's will ask for insurance information from Banks

Tue, May 23, 2017

PSU's will ask for insurance information from Banks. Watch the full segment for more details.

India's first state-run company IPO in 5 years receives strong response

India's first state-run company IPO in 5 years receives strong response

Fri, May 12, 2017

Investors bid for 16.22 billion shares compared with about 204 million on offer, according to stock exchange data on Thursday, the closing date for applications.

CPSE IPOs within 22 weeks of govt nod

CPSE IPOs within 22 weeks of govt nod

Sun, Feb 19, 2017

Within two weeks of the Budget announcement of listing all profitable central public sector enterprises, the Department of Investment and Public Asset Management (DIPAM) has issued guidelines detailing the mechanism and procedure for time-bound listing of CPSEs on Stock Exchanges.

ONGC's $2.4 billion Mozambique deal under Oil Min scanner

ONGC's $2.4 billion Mozambique deal under Oil Min scanner

Sun, Feb 12, 2017

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), had in June 2013 bought 10% stake in the Offshore Area 1 from Videocon Group for $2.475 billion. This stake was later divided between OVL and Oil India Ltd in 60:40 ratio.

Government plans strategic sale of 3 public sector units, merger of 4

Government plans strategic sale of 3 public sector units, merger of 4

Fri, Feb 03, 2017

The Government of India is planning to exit its holding in three public sector units- Bharat Pumps & Compressors (BPCL), Bridge & Roof Co and Hindustan Fluorocarbons -- by selling its stake to strategic buyers.

Govt looks to raise Rs 11,000 crore from listing of insurers

Govt looks to raise Rs 11,000 crore from listing of insurers

Thu, Feb 02, 2017

The government shareholding in these companies will be reduced from 100% to 75% in one or more tranches over a period of time.

Budget 2017: Meeting disinvestment target is key to achieving fiscal deficit goal

Budget 2017: Meeting disinvestment target is key to achieving fiscal deficit goal

Wed, Feb 01, 2017

Jaitley said that the Government plans to raise Rs 72,500 crore through disinvestment. In his Budget speech, FM Arun Jaitely said, “The government plans to raise about Rs 72,500 crore through disinvestment of central public sector enterprises (CPSE) in 2017-18.”

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