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INDIA CENTRAL PSUS
RBI's measures may attract USD 60-70 billion foreign capital, support rupee: India RatingsNew measures by the RBI and government aim to attract foreign capital. These steps are expected to bring in USD 60-70 billion. This influx ...
FX swap window may spur PSU rush for overseas loansPublic sector units like PFC, REC, and NaBFID are poised to increase their External Commercial Borrowings (ECBs) to leverage the RBI's 1.5%...
NLC India OFS over-subscribed 5 times, institutional buyers put in Rs 4,158 cr bidsThe government's offer for sale in NLC India saw strong demand on the first day. Non-retail investors bid for shares worth Rs 4,158 crore. ...
RBI opens a dollar swap window to help hedge foreign borrowingsThe Reserve Bank of India is introducing a dollar-rupee swap facility for banks. This move aims to help state-run firms and lenders hedge t...
RBI seen joining Asia’s rate-hike push as inflation risks riseThe Reserve Bank of India is expected to increase interest rates soon. This move aligns with other central banks responding to rising infla...
Banks to be told to step up FCNR (B) depositsBanks will now encourage more foreign currency deposits. The Reserve Bank of India will cover all hedging costs for these deposits. This mo...
RBI may need to absorb at least half of hedging cost to spur ECBs by PSUsThe Reserve Bank of India's new measures aim to boost foreign inflows. Public Sector Undertakings can now access concessional forex swaps f...
PSUs to get concessional forex swaps to boost external borrowingsThe Reserve Bank of India will introduce a special foreign exchange swap facility for public sector undertakings. This initiative aims to e...
RBI expects healthy foreign capital inflows, better balance of payments after easing measuresThe RBI is introducing new measures to attract foreign investment. These steps aim to boost capital inflows and improve India's balance of ...
Unplug dead PSUs PS bureaucratic zzzIndia's government struggles to close ailing state-owned companies. Bureaucratic hurdles and complex asset sales delay closures. This ties ...
Private banks likely to outperform govt banks in earnings growth over next 2 years: ReportPrivate banks are set for stronger earnings growth in the coming two years. Loan growth is expected to be similar for both private and publ...
LIC emerges as highest profit-making financial company in Jan-Mar quarterLast week, LIC reported a 23 per cent jump in net profit to record Rs 23,420 crore in the just concluded March quarter as compared to Rs 19...
LIC emerges as highest profit-making financial company in March quarterLife Insurance Corporation of India has achieved the highest profit in the Indian financial sector for the March quarter. The company repor...
8th Pay Commission: Why these 62,000 defence civilian employees want to retain their central government employee statusOver 62,000 defence civilian employees are hopeful of retaining their central government employee status following a cabinet secretary's as...
Supreme Court seeks response of Centre, states on PIL seeking 30% quota for women lawyers in govt panelsThe Supreme Court has asked the Centre and all states for their views on a Public Interest Litigation that demands a 30 per cent quota for ...
SBI Ventures to manage Rs 20,000 crore Maritime FundSBI Ventures has been appointed as the fund manager for the ₹20,000-crore Maritime Investment Fund. This initiative, backed by government e...
Power ministry asks PSUs to explore one WFH day a weekThe Power Ministry has suggested that its public sector undertakings explore allowing employees to work from home. This move could permit u...