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FINANCIAL PERFORMANCE OF CPSES
RBI "opens the floodgates": Dhawal Dalal on why now may be the best entry point for debt investors in two yearsIndia is attracting foreign debt capital by removing taxes and easing borrowing rules. This move is expected to inject significant liquidit...
BHEL, SAIL at risk of losing Maharatna tagTwo major Indian public sector companies, BHEL and SAIL, face a one-year deadline to improve their financial performance. Failure to meet p...
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...
Stronger push for accountability: Evaluation tightened, faltering CPSEs to face strict penaltiesNew performance rules for central public sector enterprises have come into effect. Strict penalties will be applied for not meeting corpora...
Prolonged war may hit Rs 75,000 crore dividend targetThe ongoing turmoil in West Asia casts a shadow over India's revenue streams. Soaring commodity prices may squeeze the profitability of sta...
Hindustan Copper eyes Navratna status, says CMDHindustan Copper Ltd is aiming for Navratna status. This recognition signifies improved operations and strategic growth. The company is agg...
Discom legacy dues drop to Rs 3,300 crore from Rs 1.39 lakh crorePower distribution companies have drastically cut their old dues. Legacy arrears have fallen from over Rs 1.39 lakh crore to just Rs 3,300 ...
Two new 'Ratna' categories to forge next gen CPSEsThe government is set to introduce two new 'ratna' categories for Central Public Sector Enterprises. This move aims to foster future econom...
CAG flags governance issues among central public sector enterprisesThe CAG flagged corporate governance lapses in CPSEs, noting that 26 of 71 listed firms had improper board composition, 55 lacked independe...
CPSEs told to boost interaction with investors, analystsThe finance ministry has asked central public sector enterprises (CPSEs) to bolster engagement with market participants, including big inve...
FM Nirmala Sitharaman asks CPSEs in power, mines and atomic energy to scale up capexAppreciating the efforts of the ministries and CPSEs for making visible efforts to meet the capital expenditure targets, the finance minist...
Finance Minister Nirmala Sitharaman pushes large CPSEs to meet 75% of FY21 capex target by DecemberThe FM held a virtual meeting with secretaries of coal and petroleum & natural gas, along with the chairman and managing directors (CMDs) o...
SAIL, BSNL, Air India worst performing PSUs in FY16: SurveyThe top 10 profit-making companies accounted for 63.46 per cent of the total profits made by all (165) CPSEs during the year.
Land of wound-up CPSEs should be retained with government: Parliamentary panelDepartment-Related Parliamentary Standing Committee on Industry, said it has always taken a firm stand that the fixed assets, particularly ...
New appraisal system to pitch PSUs against private sectorStarting 2016, the performance of PSUs will be benchmarked against private sector peers as part of a new appraisal system being worked out ...
Rs 52 crore centre to be set up at Pune for tools industryA Common Engineering Facilities Centre (CEFC) would be set up in Pune at a cost Rs 51.92 crore for tools, moulds and dies industry.
- CPSE project execution to gain weight
Weightage of non-financial parameters on CPSEs' evaluation to rise to 60%.
- Report card soon for state PSUs
The Centre will soon evolve performance assessment parameters for state public sector companies.
- PSUs may be punished for missing targets
Central public sector enterprises (CPSEs) that miss annual targets should now brace to face the music.