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Public Sector Undertaking Psu
Business  /  Published 09.08.22

Stocks at a 4-month high

Rupee falls The rupee depreciated by 39 paise to close at 79.63 against the US currency on Monday, pressured by dollar demand and waning risk appetite among investors. Lower crude oil prices and a ra...
By PTI, Reuters, NYTNS in Mumbai

Business  /  Published 03.08.22

Rupee, stocks stage strong rally

At the NSE, the broader NSE Nifty finished at 17345.45, up 5.40 points or 0.03 per cent. Bond prices also rallied with yields on the benchmark 10-year paper dropping to 7.19 per cent against the prev...
By Our Special Correspondent in Mumbai

India  /  Published 13.03.22

Vijayan to Modi: Let Kerala bid for PSU

Kerala chief minister Pinarayi Vijayan has told the Prime Minister that preventing a state government from bidding for a public sector undertaking is against the principles of cooperative federalism. ...
By Our Special Correspondent in Bangalore

Business  /  Published 15.02.22

Coal India net profit rises 47 per cent

State-owned Coal India on Monday reported a 47.7 per cent rise in consolidated net profit at Rs 4,558.39 crore for the quarter ended  December 31, 2021 on the back of higher revenue from operatio...
By PTI in New Delhi

Opinion  /  Published 05.01.22

Lessons taught by white elephants

Two decisions by the Union government have far-reaching policy consequences: the privatization of Air India and the corporatization of the Ordnance Factory Board. The sale of Air India is the first su...
By Gautam Bhattacharya

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Business  /  Published 05.07.21

Nationalisation Act changes

The government is working on amendments to the General Insurance Business (Nationalisation) Act (GIBNA), which will faciliate the privatisation of a PSU general insurance company. The monsoon session ...
By PTI in New Delhi

Business  /  Published 12.05.21

Anchor investor sells stake in Yes Bank

An anchor investor in Yes Bank has sold a part of its equity stake in the bank. Bay Tree India Holdings has sold a little over 2 per cent stake in Yes Bank in open market transactions, trimming its s...
By Our Special Correspondent in Mumbai

Business  /  Published 25.02.21

All banks can handle pension

All private sector banks will be allowed to handle government-related banking transactions such as the collection of taxes, pension payments and small savings schemes, the finance ministry announced o...
By Our Special Correspondent in New Delhi

Business  /  Published 19.11.20

PSUs in fresh bidding for BPCL

The government is exploring various options in the BPCL stake sale exercise if no financial bids are received or if these are lower than the price that the government expects. Such a situation has ari...
By Our Special Correspondent in New Delhi

Business  /  Published 22.10.20

Cabinet call on privatisation of PSU

The cabinet is set to consider wide-ranging reforms of PSUs, while the government is looking to extend the production-linked incentive (PLI) scheme to 7-8 more sectors, department of economic affairs ...
By Our Special Correspondent in New Delhi


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