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REVIVING SICK FIRMS
Government mulls setting up entity to revive sick units using CPSEs' Rs 2 lakh crore extra cashThe government is mulling setting up a Finance Corporation to utilise around Rs 2 lakh crore surplus cash of state-owned enterprises lying ...
Profit-making PSUs want angel investments counted as CSRA senior official with a blue chip PSU emphasized that there has to be an incentive for nurturing sick enterprises, which numbered 61 in Ma...
Government to finally shut terminally ill PSUs like HMT Watches, Tungbhadra Steel and others6 firms to be shut in first phase include Hindustan Photo Films, HMT Bearings, HMT Chinar Watches, Tungbhadra Steel, Hindustan Cable & HMT ...
Government to wind up 6 PSUs including HMTGovernment may wind up at least six central public sector enterprises including the iconic watchmaker HMT that it believes are not capable ...
Government plans asset reconstruction like company to revive or sell sick public sector unitsThe government plans to set up a company on the lines of an asset reconstruction firm that will have the mandate to revive or sell sick sta...
New companies law allow creditors control over sick companyIndian corporate legislation, and its implementation, has been severely criticised for not being able to address the concerns of creditors.
- Government should set time-frame for revival of sick units: Panel
A Parliamentary panel today asked the government to set time-frame for revival of sick Central Public Sector Enterprises (CPSEs).
Assocham suggests strategy for revival of sick units in West BengalNearly 96% existing sick units in West Bengal are not in the condition of revival in West Bengal.
How Devendra Jain made a fortune from reviving sick firmsDevendra Jain made Rs 1 crore last year, helping bankrupt companies to get back on their feet.
- Ailing PSUs may get lifeline through banks
The government may throw a lifeline to ailing state-run firms by asking public sector banks to offer easy financing options.
- Selloff or revival? Govt lists sick PSUs
The move is expected to speed up Centre's decisions on the future of these entities, either for revival or stake sales. Top 5 picks I Mid-t...
- Govt readies list of sick PSUs
The government has for the first time officially carved out a list of sick public sector units in a move aimed at determining the future co...
- 14 sick PSUs return back to health
Of the 36 sick PSUs which received approval for fund injection by the government, 14 have been nursed back to health in the last two years.
- Liquidity crunch likely to delay lifeboat for central PSUs
The revival process of 83 central public sector enterprises (CPSEs) is likely to be delayed due to the liquidity crunch.
- CEOs of sick PSUs to get more time for revival
To put the revival of sick PSU companies on a firm ground, the government has decided to extend the date of retirement of CEOs.
- Sick PSUs may get partners, forego central aid
The government plans to make induction of a strategic partner mandatory in the revival of any public sector enterprise (PSE). The partner c...
- Revival packages approved for 19 sick CPSEs
Revival packages have been approved in the case of 19 sick Central Public Sector Enterprises (CPSEs), government informed the Lok Sabha on ...