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BLUECHIP PSUS
Government to appoint advisors for stake sale in four PSUs soonEarlier this month, the govt had announced the 2nd central public sector enterprises exchange-traded fund, Bharat 22, which will track 22 c...
Government may offer bluechip PSU shares to FIIs, domestic buyersFaced with lukewarm retail investor response, the government is mulling stake sale in selected bluechip PSUs, including Oil India and ONGC,...
Government seeking technology transfer from Czech Republic for bluechip PSUsFor two of its bluechip PSUs – Heavy Engineering Corporation and HMT, Government is seeking investment and technology transfers from Czech ...
Cabinet may consider Coal India stake sale proposal tomorrowThe Cabinet may consider tomorrow 5-10 per cent stake sale in Coal India that could fetch up to Rs 24,800 crore to the exchequer.
SIP in PSU-oriented fund can prove rewarding for patient investorThough mutual funds are staying away from PSUs, starting an SIP in a PSU-oriented fund can prove rewarding for the patient investor who can...
Government unlikely to meet divestment target, to rely on dividendsIn case of Coal India, the government has already asked them to either go in for disinvestment or pay special dividend to the government.
PSUs demand more autonomy after govt asked blue-chip firms to invest surplus funds for growthAn official of the ministry of heavy industries said the government is already looking into the issues raised by these PSUs, which hold an ...
- 18 bluechip PSUs lacks required number of independent directors: CAG
Eighteen state-run firms, including bluechips like ONGC, IOC, OIL and GAIL, did not have the required number of independent directors on th...
- DPE to hire agency for IT training to its employees
The Department of Public Enterprises will hire an agency to provide IT training to its employees, a move that comes after its decision to o...
- SAIL, NTPC seek Maharatna status
SAIL and NTPC, two of the blue- chip PSUs, have approached the government seeking the coveted Maharatna status that will give them greater ...
'Performing PSUs will be rewarded'The department is considering ways to enhance financial autonomy and decision-making powers, says DPE secretary R Bandyopadhyay in a conver...
- Blue-chip PSUs set to become Mahanavratna
Granting more autonomy to the mega CPSEs is part of the 100-day agenda of the Ministry of Heavy Industries and Public Enterprises.
- Staff to finally have a stake in PSUs, via Esops
Govt directs all listed public sector undertakings to formulate employee stock option plan schemes to retain talents and reward performers....
- PSUs' 30% surplus flows into MFs under scanner
The government will soon review its policy of allowing PSUs to invest 30% of their surplus in equity-linked public sector mutual funds.
- Prudent PSUs laugh all the way to PSBs
Public sector undertakings (PSUs), sitting on huge cash reserves, are having the last laugh.
- Capital Gains: Blue-chip PSUs may pay bonus
The Prime Minister’s Office may issue a directive to PSUs having paid-up capital over Rs 100 cr to consider issuance of bonus shares. 10 pe...
- Blue-chip PSUs to be unshackled
The DPE has said the listed PSUs need to reconstitute their boards to give account to independent directors.
- MoF moots unbridled MF choice for PSUs
North Block favours investment in private funds too, leaving equity-debt mix decision to ministries.
- PSUs to lose M&A freedom
Public sector M&As just got tougher. PSU companies are soon set to lose their autonomy over mergers and acquisitions (M&As), with the gover...
- PSU boards may get power to divest up to 24% stake
Blue-chip PSUs are likely to be given the freedom to divest up to 76% of their equity simply by passing a board resolution.