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TUNGABHADRA STEEL PRODUCTS LTD
In talks with Defence Ministry to hand over Tungabhadra plant: Anant GeeteAnant Geete today said his ministry is in talks with the Ministry of Defence to hand over the latter the charge of ailing Tungabhadra Steel...- Cabinet approves closure of Tungabhadra Steel ProductsThe development also provides for getting the name of TSPL removed from the Registrar of Companies after setting balance liabilities of the...
- Will offer attractive VRS: Anant Geete on Hindustan Cables shutdownGovernment plans to shut down terminally sick Hindustan Cables by offering an "attractive VRS" to its 1,500 employees, a final decision on ...
- Government decides to shut Tungabhadra SteelGovernment has decided to close ailing Tungabhadra Steel Products Ltd by offering a voluntary retirement scheme (VRS) to remaining 72 emplo...
- Government moves closer to shut down 3 HMT units, Tungabhadra SteelGovernment said it has submitted closure proposals related to four companies including three HMT units and Tungabhadra Steel to CCEA for ap...
- Government plans to wind up some sick PSUs: Anant GeeteThe govt is looking to wind up some sick public sector enterprises, minister of heavy industries and public enterprises Anant Geete said on...
- Govt looks to shut Tyre Corporation, HMT armTyre Corporation of India (TCIL) is among the public sector units that had earlier been cleared for revival through the joint venture or di...
- India's first National Capital Goods Policy to be unveiled in NovemberThe first-ever policy for India's capital goods sector will be placed before the Cabinet for approval by November-end, a government officia...
- Five CPSEs may be shut in three monthsEmployees of the five cos will be offered VRS based on pay scale of 2007 plus additional benefits.
- Department of Public Enterprises to seek Cabinet nod for clearance of VRS funds: Anant Geete"Now, we have to send individual proposals relating to VRS of each company to the Cabinet for funds. That should be cleared within three mo...
- Government asks Central public sector enterprises to comply with woman director normsGeete said his Ministry has asked all CPSEs to ensure appointment of non-governmental (or independent) women directors on their boards.
- Government decides to shut seven more terminally ill PSUsThe government has approved closure of seven terminally ill public sector units, including HMT Watches, that have incurred a total loss of ...
- Government to revive 7 ailing central PSUs: FinMinThe other sick CPSEs which will be revived are Tungabhadra Steel Products, HMT Bearings, Richardson & Cruddas Ltd, Central Inland Water Tra...
- PESB examining reasons for sickness among PSUsThe Board would try to find out the factors, other than basic ones like funds shortage and obsolete technology, for sickness in public sect...
- Eight sick PSUs not paid wages to staff since October 2012: Praful PatelEight sick PSUs, including HMT Watches and Hindustan Cables Ltd, have not paid salaries to their employees since October 2012, Parliament w...
- Government considering non-plan loan to 8 sick CPSEs: Praful PatelPatel said the Board for Industrial and Financial Reconstruction (BIFR) has suggested various measures for revival of sick industrial CPSEs.
- Govt working on plan to revive sick PSUs including Scooters India and HMT Chinar Watches: Praful PatelThe government today said it is working on a plan to revive sick PSUs including Scooters India and HMT Chinar Watches.
- Nine sick PSUs have not paid salaries on time: Praful PatelGovt today said nine sick PSUs including Scooters India Ltd, HMT Bearings and Hindustan Cables Ltd have not paid salaries to their employee...
- Govt plans to sell 74% stake in HMT BearingsThe government is considering to offload up to 74% stake in HMT Bearings (HBL) and is also looking for joint venture partners in some other...
- Shourie plays the VRS card to speed up divestmentThe disinvestment ministry has sought early settlement of outstanding dues of employees of five PSUs that are in advanced stage of privatis...
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