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PSU SHUTDOWN
PSU closure: Govt sets in motion new move after years wasted in stop-start processThe Centre is pushing ministries to accelerate the closure of unprofitable state-owned companies. Progress has been slow despite a policy a...- IndianOil triples auto LPG supply in Bengaluru amid disruption, doubles dispatches to KarnatakaIndianOil has significantly increased Auto LPG supplies in Bengaluru by nearly 300 percent. This action addresses a sharp surge in demand c...
- Indian Oil ramps up auto LPG supply in Karnataka as private outlets shutThe state-run oil major is currently catering to fuel requirements of auto rickshaws and LPG-powered cars through its network of 55 Auto LP...
- India says it has enough oil in the tank despite Hormuz tensionsIran-Israel War: India confidently asserts that it has ample reserves of crude oil and fuel, standing strong against global supply fluctuat...
- Seamless tube makers urge govt not to retain curbs on Chinese importsIndian steel tube makers are asking the government to keep restrictions on Chinese companies and equipment in power projects. They warn tha...
- India Inc feels the pinch! Earnings downgrades in Q1 highest since June ’20Corporate India's June quarter earnings expectations hit a low not seen since the immediate aftermath of the Covid shutdowns. The upgrade-t...
- Is the run-up in PSU banks here to stay? How to play in metals now? Sandip Sabharwal answers“The next five-year trend if you ask me is metals are going nowhere because China still accounts for 50-60% consumption of most large indus...
- Debt MFs see Rs 1.1 lakh crore inflow in June quarter on investment in liquid schemesMost individual categories that invest in fixed-income securities, or debt funds, saw inflows.
- Slides of March make FY20 worst year since 2009PSU banks worst hit, followed by media, metal and auto sectors.
- 5 quality stocks that can be good investment bets in this bear marketQuality is a theme to consider now, in a bear market and pandemic-caused panic. Since many small and weak companies may not recover from th...
- Market Movers: Angel tax fears lift, loan cost drops & shutdown looms in USCost of funding is sliding for the first time in three months for many borrowers.
- GNFC shuts down Dahej plant indefinitely post gas leakThe plant to remain closed until additional safety measures are devised to ensure its safety in future. Firm to conduct a thorough review o...
- Essar Oil Q2 net dips 14% to Rs 201 croreEssar Oil today reported a 14 per cent drop in second quarter net profit as its Vadinar refinery in Gujarat processed lesser crude due to a...
- Coal India may miss production target for FY'14: CMDCIL today said it may miss the production target of 482 million tonnes (MT) for the 2013-14 fiscal by around 5 MT.
- Coal India unlikely to meet its output target for FY'14Coal India is unlikely to meet its output target of 482 mn tonnes for the current fiscal due to factors like production loss after Cyclone ...
- Water in mines; lignite production, power generation hitAs the stir by Neyveli Lignite Corporation workers entered the fourth day today, power generation has dropped and lignite production has be...
- NALCO suffers 30.2% drop in net to Rs 593 crore in FY13 on lower metal pricesNalco has suffered a 30.2% drop in net profit to Rs 593 crore in 2012-13 compared to a net of Rs 850 crore in the previous year.
- Nalco reports record sales turnover and forex earnings in 2012-13National Aluminium Company Ltd. (Nalco), a navratna PSU under the union mines ministry, has reported foreign exchange earnings of Rs 3,400 ...
- Kingfisher Airlines lenders say recovery last optionLenders to KFA, whose combined exposure of nearly Rs 7,500 crore is at risk, have said they will go in for recovery measures only as the la...
- NTPC staff threatens to join oil strikeIrked at the arrest of a senior functionary of the striking Oil Sector Officers Association under ESMA, the NTPC Executives' Federation of ...
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