On August 09, 2015 16:28 (IST)
Profit-making unlisted pubic sector undertakings (PSUs) and their subsidiaries may have to submit listing plans while signing annual performance pacts with the government, a move aimed at helping the Centre garner resources and unlocking the value of many state-owned firms.
On April 13, 2015 19:33 (IST)
The government has shortlisted about a dozen public sector undertakings or PSUs including Indian Oil Corporation (IOC), National Fertilizers Ltd (NFL), MMTC, Hindustan Copper Ltd and India Tourism and Development Corp (ITDC) for sale of stakes to achieve the current fiscal year's disinvestment target of Rs 41,000 crore.
On March 05, 2015 17:59 (IST)
The Department of Disinvestment (DoD) is working out modalities for strategic sale of public sector undertakings (PSUs) which will see management control passing on to the private sector, a top government official said on Thursday.
On March 01, 2015 19:51 (IST)
The Coal Ministry on Sunday received 107 applications from public sector undertakings (PSUs) like NTPC, SAIL, DVC and NLC for allocation of 43 coal blocks to be given to state-run firms.
On February 05, 2015 14:52 (IST)
Finance Minister Arun Jaitley, in the Budget for 2015-16, is likely to target around Rs 43,000 crore from disinvestment proceeds, almost the same level that the government expects to realise from stake sale in public sector undertakings or PSUs this fiscal year.
On January 13, 2015 19:09 (IST)
All profit-making central public sector undertakings (CPSU) are required to declare a minimum dividend payout of 20 per cent of post-tax profit, whichever is higher, subject to the availability of disposable profits.
On January 08, 2015 23:40 (IST)
To boost fund raising from the markets, the Securities and Exchange Board of India (Sebi) on Thursday proposed e-IPO norms where investors can bid for shares via the internet and eventually on mobiles, while already listed public sector undertakings (PSUs) will be provided with a 'fast-track' route for share sales to meet disinvestment targets.
On November 23, 2014 14:09 (IST)
The government will allow commercial mining of coal by private companies after allocating mines to public sector undertakings and auction to specific end-users, Finance Minister Arun Jaitley said on Sunday.
On November 10, 2014 19:55 (IST)
In a setback to non-state LPG marketeers, the government's top law officer has ruled that all domestically produced cooking gas (LPG) should necessarily be sold to public sector undertakings for subsidised sale to consumers.
On October 17, 2014 21:34 (IST)
He was responding to queries related to the government's stake sale programme in Public Sector Undertakings (PSUs).
On August 16, 2014 13:51 (IST)
Business school graduates now increasingly prefer to work in public sector undertakings (PSUs) over private entities owing to a plethora of factors including job security and lucrative salaries besides generous perks and special allowances, according a survey.
On July 25, 2014 21:31 (IST)
Hewlett-Packard India Sales, Country Manager (Design business), Mahesh Kumar Soni said this was the first time the company was offering contract model for printers targeted at various industry houses, including Public Sector Undertakings, coffee shops and design firms.
On June 26, 2014 00:53 (IST)
With stock markets on an upturn and market regulator Securities and Exchange Board of India (Sebi) pushing for a minimum 25 per cent public holding in public sector undertakings (PSUs), the disinvestment department is likely to revise upwards the Rs 51,925 crore PSU stake sale target in the current fiscal year.
On June 26, 2014 00:18 (IST)
The Steel Ministry is likely to highlight the need for raw material security, cheaper credit and dilution of stake in public sector undertakings (PSUs) to 51 per cent in a presentation to Prime Minister Narendra Modi on Friday.
On June 15, 2014 15:48 (IST)
The proposed measures may help the government garner almost Rs 60,000 crore through share sales in listed public sector undertakings, deepen the markets and rationalise the regulatory framework for different sets of companies -- private, public, small and large.
On June 13, 2014 14:33 (IST)
To help channelise more funds for long-term investment purposes, capital market regulator Securities and Exchange Board of India (Sebi) has suggested the government to allow all PSUs to park their surplus cash in mutual funds, and has sought a uniform tax treatment for all pension funds.
On May 28, 2014 12:23 (IST)
RBI defined UCBS as needing to provide loans to lower and middle income groups, as well as agriculture and small businesses, instead of government-owned companies, which are called public sector undertakings (PSUs) in India.
On May 08, 2014 15:43 (IST)
Finance Minister P Chidambaram on Thursday made a strong case to encourage foreign and domestic investment to boost growth and said public sector undertakings (PSUs) alone are expected to pump in Rs 1.33 lakh crore in the current financial year.
On January 14, 2014 10:45 (IST)
In a bid to enhance the revenues of BSNL and MTNL, the government had proposed that union ministries, public sector undertakings and autonomous bodies give preference to the services of the state-run telcos.
On July 28, 2013 17:20 (IST)
At present, there are seven loss-making public sector undertakings -- Scooters India, HMT, Andrew Yule, State Trading Corporation, ITI Ltd, Fertilisers and Chemicals Travancore and Hindustan Photofilms - in which the government has to bring down its stake to 90 per cent.