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CASH RICH PSUS
Up to 50% dividend likely from these 7 cash-rich PSUs; govt to get Rs 21,000 crThere is a high probability that government would now push cash-rich PSUs to pay higher dividends.
Govt tells IOC, HPCL, BPCL to double dividend payoutLast fiscal, the three cash-rich oil PSUs cumulatively paid Rs 8,119 crore in dividend to all shareholders, and also as dividend distributi...
Cash-rich public firms underperform private peersSeveral cash-rich state-owned companies have underperformed their private sector peers, reflecting the lack of confidence of investors.
Government may allow PSUs to park surplus funds in private sector MFsThe government is considering relaxing investment norms for PSUs and may allow them to park their surplus funds in private sector mutual fu...
Govt working on norms on investment of surplus funds by CPSEsThe government is working out norms for utilisation of surplus funds, estimated at around Rs 2.8 lakh crore, of cash-rich PSUs.
Finance ministry asks cash-rich PSUs like CIL, ONGC & OIL to consider buybacks"We have written to all cash rich PSUs enquiring about their cash balance and capex plans," a top government official said.
- Government to review investment of surplus cash by CPSEs in January 2013
"Those companies which fail to invest their cash reserves have to declare special dividends," sources have said.
Govt mulling restrictions on cash-surplus investments of PSUs"Besides, CPSEs would have another option to park their funds in term deposits with any scheduled commercial bank and with a net worth of R...
Finance ministry to ensure PSUs meet investment targetThe move follows Chidambaram's meeting last week with heads of nine blue chip PSUs, which are together sitting on a cash pile of about Rs 1...
Government asks cash-rich PSUs, including Coal India, BHEL and ONGC, to invest funds in expansionThe Finance Ministry has asked cash-rich public sector companies (PSUs) to utilise surpluses for expansion and overseas acquisition.
Government to discuss buyback of shares by cash-rich PSUs on 1st MarchThe Union Cabinet will consider a proposal to allow cash-rich PSUs to buyback shares and acquire stakes in other state-run firms.
- Government ask cash rich PSUs to issue bonus shares
Govt has asked cash rich PSUs to issue bonus shares to bring about a proper balance between paid up capital and accumulated reserves.
Special dividend by cash-rich PSUs to owner, government, will obviate 'borrowings'It is much better for government and financial mkts if the govt forces its major PSUs to pay out a special dividend out of their existing c...
- DoD formulates policy for share buyback by cash-rich PSUs
The department of disinvestment (DoD) has formulated a policy for buyback of shares by cash rich PSUs, Parliament was informed today.
- Government prepares list of cash-rich PSUs for share buyback
Under the buyback mode, the government can raise money by selling its equity in the company to the concerned PSU itself.
- Strong navratnas to getfree hand for core plans
The government will give a free hand to navratna public sector undertakings (PSUs) to invest more than Rs 1,000 crore in infrastructure pro...
- Rich PSUs may not need nod for acquisitions up to Rs1k cr
Cash-rich public sector companies, especially in the oil and power sectors, could soon be given freedom to acquire other businesses valued ...