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NLCIL FLOATED TENDERS FOR INSTALLING 9 OXYGEN PLANTS AND 500 OXYGEN CONCENTRATORS

NLCIL FLOATED TENDERS FOR INSTALLING 9 OXYGEN PLANTS AND 500 OXYGEN CONCENTRATORS

🕔01:49, 10.May 2021

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

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Oberoi Grp. signs MoU with EESL to further its sustainability initiatives

Oberoi Grp. signs MoU with EESL to further its sustainability initiatives

🕔17:12, 14.Apr 2021

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

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IBM eyes India’s public sector for Hybrid Cloud growth

IBM eyes India’s public sector for Hybrid Cloud growth

🕔12:51, 2.Mar 2021

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

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As revenue constrained, Centre may look at PSUs for higher dividends

As revenue constrained, Centre may look at PSUs for higher dividends

🕔07:08, 7.Dec 2020

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

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Facing revenue constraints, Centre looks at PSUs for higher dividends

Facing revenue constraints, Centre looks at PSUs for higher dividends

🕔18:33, 20.Oct 2020

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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CEOs of large firms/PSUs not to be issued summons at first instance for GST evasion

CEOs of large firms/PSUs not to be issued summons at first instance for GST evasion

🕔07:42, 18.Aug 2020

New Delhi, Aug 18  The Directorate General of GST Intelligence (DGGI) has issued guidelines, which seek to soften the impact of investigations and ensure that no excesses are committed that include minimal personal summons, no repeated summons and generally not

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Defence infra of PSUs, OFB to be modernised: Rajnath Singh

Defence infra of PSUs, OFB to be modernised: Rajnath Singh

🕔07:57, 11.Aug 2020

 New Delhi, Aug 11  Indian Defence Minister Rajnath Singh launched modernization and upgradation of defence public sector undertakings and Ordnance Factory Board infrastructure on Monday as part of Atma Nirbhar Bharat (self reliant India) initiative. Singh said Prime Minister Narendra

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Committee on Public Undertakings to examine AAI, NBCC among others

Committee on Public Undertakings to examine AAI, NBCC among others

🕔13:14, 1.Aug 2020

New Delhi, Aug 1  The Committee on Public Undertakings has selected subjects for examination during the year 2020-21, informed the Lok Sabha Secretariat. It was decided at their sitting held on July 29. 11 issues have been chosen for Comprehensive

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Govt wants PSUs to trigger change in investment climate hit by Covid

Govt wants PSUs to trigger change in investment climate hit by Covid

🕔07:15, 24.Jul 2020

New Delhi, July 24  Government has asked Public Sector Undertakings (PSUs) to complete all their planned capex for FY21 on time and become vehicles of growth for the economy hit by the coronavirus pandemic. With private investment on a standstill,

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Spend 50% capex by Sep to help economy out of Covid, PSUs told

Spend 50% capex by Sep to help economy out of Covid, PSUs told

🕔07:51, 8.Jul 2020

New Delhi, July 8  With a view to pump up expenditure and improve investment climate in the country hit by Covid-19 pandemic, the government has asked public sector undertakings to become vehicles of growth and complete 50 per cent of

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In big relief, Centre to withdraw 96% of AGR dues of PSUs

In big relief, Centre to withdraw 96% of AGR dues of PSUs

🕔18:23, 18.Jun 2020

New Delhi, June 18  The Centre on Thursday informed the Supreme Court it is willing to withdraw 96 per cent of the Rs 4 Lakh crore dues pending against various PSUs in the adjusted gross revenue (AGR) matter. Solicitor General

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Power, RE sector PSUs to donate Rs 925 cr to PM-CARES fund

Power, RE sector PSUs to donate Rs 925 cr to PM-CARES fund

🕔17:20, 3.Apr 2020

New Delhi, April 3 The Central Public Sector Centre Enterprises (CPSEs) under the Ministry of Power and the Ministry of New & Renewable Energy have decided to contribute Rs 925 crore to the Prime Minister’s Citizen Assistance and Relief in Emergency

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Cabinet note being readied to use PSU land for affordable housing

Cabinet note being readied to use PSU land for affordable housing

🕔07:00, 12.Feb 2020

New Delhi, Feb 12  The government seems to be looking for innovative ways to monetise assets of loss-making Central Public Sector Enterprises (CPSE), as it is preparing a cabinet note for a policy to utilise land belonging to the government

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FM asks industry to bid for PSUs, Vedanta may bid for BPCL

FM asks industry to bid for PSUs, Vedanta may bid for BPCL

🕔15:27, 20.Dec 2019

New Delhi, Dec 20  Finance Minister Nirmala Sitharaman on Friday invited industry to participate in the disinvestment of central public sector enterprises (CPSEs) like BPCL, Concor and Shipping Corp, saying the country’s macroeconomic fundamentals are very strong and industry should

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PSBs post Rs 3,221 cr profits in H1: Mos Finance

PSBs post Rs 3,221 cr profits in H1: Mos Finance

🕔11:34, 10.Dec 2019

New Delhi, Dec 10  Public sector Banks (PSBs) have returned to profitability in 2019-20, posting an aggregate profit of Rs 3,221 crore in the first half ending September, Minister of State for Finance Anurag Singh Thakur said in the Parliament.

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Banks’ 2018-19 savings deposits up at Rs 39.72 lakh cr: RBI

Banks’ 2018-19 savings deposits up at Rs 39.72 lakh cr: RBI

🕔17:32, 16.Sep 2019

Mumbai, Sep 16  Indian private and public sector banks (PSBs) had aggregate savings deposits of Rs 39.72 lakh crore as on March 31, 2019, while foreign banks had a share of Rs 58,630 crore, according to RBI data published in

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It’s official, 23 PSUs up for strategic disinvestment

It’s official, 23 PSUs up for strategic disinvestment

🕔07:42, 24.Jul 2019

New Delhi, July 24  The Narendra Modi government has decided to go for strategic disinvestment of 23 Public Sector Undertakings (PSUs). The budget estimate for the move in 2019-20 has been set at Rs 1,05,000 crore. The Finance Ministry informed

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Loss-making PSU units may take strategic sale route

Loss-making PSU units may take strategic sale route

🕔20:49, 22.Jul 2019

New Delhi, July 22 (IANS) The Government is planning a major asset monetisation this year that may focus on spinning off loss-making subsidiaries of public sector enterprises (PSEs) into separate entities and selling these non-core assets to potential suitors under a

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No capital need for SBI from government: Chairman

No capital need for SBI from government: Chairman

🕔10:06, 14.Jun 2019

New Delhi, June 14  State Bank of India Chairman Rajnish Kumar on Thursday said the bank does not need any capital from the government. “SBI doesn’t need any capital from the government,” Kumar said after a meeting with the Finance

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NBCC may redevelop land bank with sick PSUs

NBCC may redevelop land bank with sick PSUs

🕔07:31, 27.Apr 2019

New Delhi, April 27  The government plans to 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

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