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NAVRATNA PSU BENEFITS
GRSE shares jump 5% after PSU conferred 'Navratna' status. What this means for the warship-maker?GRSE shares surged nearly 5% after the defence PSU was granted Navratna status, boosting investor sentiment. The status allows greater fina...
NLC India shares fall 3% as OFS worth up to Rs 1,263 crore opensNLC India shares dipped 3% as the government launched an Offer for Sale (OFS) to divest up to a 3% stake, aiming to raise Rs 1,263 crore. T...
Coal minister Pralhad Joshi launches new rehabilitation and resettlement policy of NLC IndiaThe minister, who virtually launched the new R&R policy applicable to the land owners of the NLCIL mines area, lauded the efforts of the PS...
BEL signs pact for providing reliable power supply to security forcesThe MoU between the Navratna PSU BEL and the SFC Energy-AG, Germany, and FC TecNrgy Pvt Ltd (FCTec), signed recently, will ensure cooperati...
Stock pick of the week: Debt-free, cash-rich Engineers India is analysts' top betStrong revenue visibility, likely revival in capex of oil and gas industry, strong balance sheet, possibility of buyback and special divide...
Government to form expert group to analyse iron ore sale by NMDC"An expert group will be constituted with government officials to study and analyse the system of selling iron ore by NMDC," Steel Minister...
Thales & Bharat Electronics form a joint venture in IndiaThis Company will focus on the design, development, supply and support of civilian and select defence radars for India and the global marke...
S&P downgrades SAIL credit rating, withdraws rating on requestThe downgrade of the Navratna PSU reflects slower-than -expected progress in leverage reduction, S&P said in a release.
PSUs may get to invest in private sector mutual fundsPrivate sector mutual funds may get a pie of the large cash surplus of state-run companies if the government decides to relax cash investme...
Market not going to improve in near future: AK GuptaIf you see the Baltic dry index even as of today it is under 850 which is not at all indicative of a good market.
Smart things to know about Rajiv Gandhi Equity Savings SchemeThe Rajiv Gandhi Equity Savings Scheme (RGESS) provides tax benefits under Section 80CCG for new equity investors in specified instruments.
- Nalco bags Dun & Bradstreet Award
NALCO, a navratna PSU under the union ministry of mines, has bagged Dun & Bradstreet's Best PSU Award - 2012 in Non-Ferrous Metal Category.
'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...
- Coal India initiates dialogue for IPO
Coal India said that it has initiated dialogues with the government for its initial public offer and the navratna PSU could be listed soon ...
- PSUs barred from pulling out MF investments
Several PSUs have been directed not to press redemptions from public sector MFs as it could lead to further panic in the market.Gainers & L...
- PSUs barred from pulling out MF investments
Public sector companies, which had been allowed to invest in the equity markets through mutual funds, are now under pressure from the gover...
- Govt plans to give CEOs of sick PSUs fat pay hikes
This may sound funny, but the government is serious about giving grand pay hikes to CEOs of sick public sector units (PSUs).
- Govt to review norms for PSU investment in MFs in August
The government will review in August its decision to allow bluechip state-owned companies to invest 30 per cent of their surplus funds in p...
- 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...
- GoM to take a call on PSU autonomy on October 10
Public sector empowerment initiative will meet its final test soon.