New Delhi, 11th November, 2022: Steel Authority of India Limited (SAIL) has achieved the distinction of becoming the first Maharatna Public Sector Unit to have implemented the Anti-Bribery Management System (ABMS). ABMS is a Management System which is designed in line with
New Delhi, Oct 21: In accordance with the sequel of the last year’s Special Campaign, a major initiative of Government of India, the Department of Food & Public Distribution along with its PSUs/ attached/ sub-ordinate offices spread throughout the country
New Delhi, Oct 13 (IANS) The Union Cabinet on Wednesday approved a Rs 22,000 crore one time grant to public sector oil marketing companies (OMCs) to help recover losses borne by them on domestic LPG. It will help the three OMCs,
The natural gas business of PSU upstream companies would turn profitable as domestic prices are expected to increase substantially in the next revision, ratings agency ICRA said. New Delhi, March 24 (IANS) The natural gas business of PSU upstream companies would
· More than 16 Chess Grand Masters and an International Bridge Player participated in the tournament, hosted by Bharat Petroleum · Total 132 players participated in the tournament including 74 in Bridge and 58 in Chess Mumbai, Mar 15, 2022: The oil public
New Delhi, Feb 4 (IANS) India’s state banks are expected to source their own fresh capital to compete with the country’s much better-capitalised private banks, Fitch Ratings said on Friday. Accordingly, the ratings agency said that the state is inclined to
24th January 2022, New Delhi: IndianOil (Indian Oil Corporation Limited) has emerged as the first Indian PSU to win the Global Healthy Workplace Award 2021 in the ‘Large Scale Industry’ category. The award acknowledges IndianOil’s unwavering focus on upholding best healthy
New Delhi, Jan 18 (IANS) The Centre has received over Rs 6,600 crore as dividend tranches from a dozen central public sector enterprises. Of the said dividend, Nuclear Power Corporation of India Limited has paid Rs 972 crore, and Power Grid
New Delhi, Jan 4 (IANS) Businesses around the world were struggling to cope up with running losses amid the pandemic, but the government mint was able to pay Rs 240 crore dividend to the government, an official statement said on Monday.
New Delhi, Dec 17: RailTel Corporation of India Ltd. A Govt. of India Undertakings (PSU) under Ministry of Railways is participating at the 14th International Railway Equipment Exhibition (IREE) 2021 which is being held from16-18 December 2021 at India’s premier
New Delhi, Oct 10 The government’s final move to privatise the national carrier Air India has given a fresh lease of life to its strategic disinvestment plan. The Department of Investment and Public Asset Management (DIPAM), which oversees the disinvestment
New Delhi, Sept. Sep 14 The government has decided to exempt investors picking up state’s equity shares under strategic disinvestment programme from the provisions of gift tax. A notification issued by the Central Board of Direct Taxes (CBDT) has amended
Chennai, Sep 12 (IANS) India’s public sector banks are stable now after the prompt corrective actions (PCA) when it was caught in turbulence, said Union Finance Minister Nirmala Sitharaman. Speaking at the Tamilnad Mercantile Bank’s (TMB) centenary celebrations in Tuticorin in
New Delhi, Aug 29 The government may rope in state-run developers such as NBCC (India) Ltd to maximise value from the sale of sick and loss-making public sector undertakings (PSUs) that failed to generate suitable investor in the initial round
New Delhi, July 20 The dividend windfall from government’s holding in public sector undertakings will provide much needed relief to the treasury hard pressed on account of falling revenue and rising expenses for Covid relief work. According to estimates, with
With a view to augment the supply of medical oxygen, Public Sector Undertaking (PSU) NLC India Ltd is in the process of setting up Pressure Swing Medical Oxygen plants at its project sites including Neyveli and Thoothukudi in Tamil Nadu
New Delhi, April 14 With the aim to augment its sustainability initiatives, The Oberoi Group has signed a Memorandum of Understanding (MoU) with Energy Efficiency Private Limited (EESL), a joint venture of 4 PSU’s under the Ministry of Power. EESL
New Delhi, March 2 In a bid to empower the public sector enterprises in India, tech company IBM on Tuesday announced it has achieved a full cloud service provider (CSP) empanelment from the Ministry of Electronics and IT (MeiTY). The
New Delhi, Dec 7 The Union government may look towards its cash-rich public sector undertakings and those falling behind on their capex plans for current fiscal to declare higher dividends this year to reward their shareholders in this difficult period
New Delhi, Oct 20 As the revenues earned by the Central government have dried up, it wants cash-rich public sector undertakings (PSUs) to declare higher dividends this year to reward its shareholders during the ongoing Covid-19 pandemic. Official sources said
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