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Cabinet nod to decentralising chartering arrangements

Cabinet nod to decentralising chartering arrangements

🕔10:57, 6.Aug 2015

New Delhi, Aug 6  The union cabinet on Wednesday gave its approval to the proposal of the shipping ministry for decentralising existing chartering arrangements to provide flexibility to state government departments and public sector undertakings (PSUs) to make their own

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Merchant bankers bid for appointment to PSU stake sale

Merchant bankers bid for appointment to PSU stake sale

🕔16:02, 22.Jul 2015

New Delhi, July 22  Merchant bankers bidding for being appointed for the stake sale by the government in 10 public sector undertakings (PSUs) are required to submit their bids to the department of disinvestment (DoD) by Friday. A finance ministry

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State-run banks to present reform plans to Modi Jan 3

State-run banks to present reform plans to Modi Jan 3

🕔12:03, 25.Dec 2014

New Delhi, Dec 25  Prime Minister Narendra Modi will meet bankers Jan 3 during the concluding session of their “retreat” in Pune where they will prepare an action plan for reforms in public sector banks (PSBs). “In view of the

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Coal India, Singareni Collieries to face strike next month

Coal India, Singareni Collieries to face strike next month

🕔10:54, 19.Dec 2014

Kolkata, Dec 19 Five trade unions in state-run Coal India Ltd (CIL) and Singareni Collieries Co (SCC) have called for a five-day strike beginning Jan 6 protesting against denationalisation of coal and disinvestment in the world’s largest coal miner. The

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SJVNL signs pact with Nepal for hydro-power plant

SJVNL signs pact with Nepal for hydro-power plant

🕔09:00, 28.Nov 2014

Kathmandu, Nov 28  Indian public sector company Satluj Jal Vidyut Nigam Ltd. (SJVNL) has signed a project development agreement with the Nepal government for executing the 900 MW Arun-III Hydro Electric Project in eastern Nepal, officials said Thursday. The agreement

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Indian PSUs need up to $37 bn to meet Basel II norms

Indian PSUs need up to $37 bn to meet Basel II norms

🕔10:00, 23.Sep 2014

London, Sep 23  India’s public sector banks may need from $26 billion to $37 billion in external capital as Basel III norms loom, Moody’s said Monday. This, even if there’s a slight bounce back in the country’s GDP growth. It

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NTPC pays Total Dividend of Rs. 4741.16 crore for FY 2013-14

NTPC pays Total Dividend of Rs. 4741.16 crore for FY 2013-14

🕔10:00, 10.Sep 2014

New Delhi, Sept 09 : NTPC Limited paid a total dividend @ 57.5% of its paid-up capital for the financial year 2013-14, amounting to Rs. 4741.16 crore. The dividend payment is 3rd highest among Public Sector Undertakings and 5th highest

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PSUs should be competitive, says Jaitley

PSUs should be competitive, says Jaitley

🕔14:48, 22.Jul 2014

New Delhi, July 22  Finance Minister Arun Jaitley Tuesday said public sector undertakings should learn to function like private business houses in a competitive environment. “The Public Sector Undertakings (PSUs) must learn how to function like any other business organisation

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PSUs to have 25 percent public holding, SEBI unveils reforms

PSUs to have 25 percent public holding, SEBI unveils reforms

🕔10:29, 20.Jun 2014

Mumbai, June 20  The capital market regulator Thursday decided to raise public holding in all public sector undertakings to a minimum 25 percent. The Securities and Exchange Board of India (SEBI) at its board meeting here also decided changes in

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