Bad loan write offs double to Rs 42,477 cr in 3 years
The amount of bad loans written off or restructured by the PSU banks has more than doubled in the last three years ending March 2014 to Rs 42,447 crore.
Dec 21, 2014, 11:16 AM IST
SC allows GAIL to take part in tender for laying pipeline
The order came in the backdrop of the finding of Petroleum and Natural Gas Regulatory Board (PNGRB) that the PSU had indulged in unfair trade practices in the past.
Dec 18, 2014, 23:48 PM IST
Govt asks NMDC to advance 100 mtpa production target
Steel Ministry Tuesday directed PSU iron ore miner NMDC to advance its 100 mtpa production target by four years to 2020-21 to ensure the raw material for the domestic steel industry at reasonable prices.
Dec 16, 2014, 19:23 PM IST
Coal India unions to meet on Dec 15 against Coal Bill
Stating that the Coal Mines Bill passed by the Lok Sabha Friday would pave way for privatisation of the sector and hamper Coal India's interests, trade unions of the PSU today said they would chalk out a strategy to oppose any such move, on December 15.
Dec 12, 2014, 22:24 PM IST
PESB invites fresh applications for Oil India top post
Government headhunters PESB has invited fresh applications for the top job at Oil India Ltd after it found none of previous six applicants, including the firm's Director (Finance) R S Borah, suitable.
Dec 09, 2014, 16:56 PM IST
BSNL, MTNL losses at Rs 3,785 cr & Rs 1,567 cr: Govt
The losses are on account of decline in revenue and increase in expenditure, Minister of Communications and IT Ravi Shankar Prasad said in a written reply to the Lok Sabha.
Dec 03, 2014, 19:33 PM IST
PSUs may have to buy 20% of requirements from MSMEs
Mishra also said that definition of MSME -- in terms of turn-over -- would be amended under a new policy that was in the offing.
Nov 29, 2014, 19:43 PM IST
Delay in mining by NTPC from J'khand coal block under scanner
The coal ministry had last year issued a show cause notice to NTPC seeking an explanation for delays in the development of the coal mine.
Nov 12, 2014, 16:24 PM IST
Petronet pays CEO, directors Rs 15 lakh each in commission
Petronet LNG Ltd (PLL) has paid a commission-on-profit of Rs 15 lakh each to its chief executive A K Balyan and two other whole-time directors, besides paying Rs 5 lakh each to two former oil PSU executives who are on its board as independent directors.
Oct 02, 2014, 20:28 PM IST
Fuel cos absorbed Rs 26.6K cr losses on sales in 5 yrs: OilMin
With CAG castigating state-owned fuel retailers for overcharging customers by Rs 26,626 crore over 5 years, Oil Ministry has defended the PSUs saying they had absorbed Rs 28,680 crore in losses on fuel sales during that period.
Oct 02, 2014, 18:39 PM IST
Government to revive 5 sick units, plans VRS for staff of 6 others
The government has begun the process of reviving five sick public sector undertakings, while for employees of 6 PSUs beyond redemption it is working on a voluntary retirement scheme of Rs 1,000 crore, Heavy Industries and Public Enterprises Minister Anant Geete said on Thursday.
Sep 26, 2014, 00:14 AM IST
BPCL says no plan to tie up with pvt cos for retail expansion
Country's third largest oil marketeer Bharat Petroleum Corporation (BPCL) has ruled out tying up with private players, saying the PSU has enough capabilities for expanding its retail presence on its own.
Sep 21, 2014, 19:19 PM IST
FinMin hikes retail investor quota in OFS to 20%
Under the OFS mechanism, at present a minimum of 25 percent of the shares offered are reserved for mutual funds and insurance companies.
Aug 31, 2014, 11:38 AM IST
Markets continue upward journey; Nifty hits fresh peak
Bulls continued their domination in the stock markets Thursday sending the benchmark CNX Nifty to a new closing peak of 7,954.35 on buying in PSU, FMCG, infra and energy shares.
Aug 28, 2014, 21:49 PM IST
PSUs are back in reckoning among B-school graduates: Survey
Business school graduates are now increasingly preferring to work in public sector undertakings over private entities owing to a plethora of factors including job security and lucrative salaries besides generous perks and special allowances, according a recent survey.
Aug 16, 2014, 10:56 AM IST
Govt to sell part stake in SAIL, RINL, HAL in FY15
He further said that 5 percent stake sale in SAIL is also scheduled for completion this fiscal.
Aug 05, 2014, 16:27 PM IST
Union Budget 2014: Disinvestment target revised upwards to Rs 58,425 cr
Finance Minister Arun Jaitley Thursday raised the disinvestment target for the current fiscal to Rs 58,425 crore.
Jul 10, 2014, 14:11 PM IST
PSU banks stock down after Budget announcement
Shares of public sector banks declined by as much as 4.3 percent after Finance Minister Arun Jaitley Thursday said the lenders would require Rs 2.40 lakh crore capital by 2018 to meet global Basel III norms.
Jul 10, 2014, 13:10 PM IST
Economic Survey: ONGC highest profit-making PSU, BSNL worst performer
Oil explorer ONGC again emerged as the highest profit-making PSU of the country during 2012-13 while telecom major BSNL turned out to be the biggest loss-making enterprise, says the Economic Survey.
Jul 09, 2014, 19:43 PM IST
CIL misses output target in June; production at 34.5 MT
CIL's output in the April-June period of the current fiscal was at 108.33 MT, while the target for the quarter was 113. 01 MT.
Jul 02, 2014, 15:44 PM IST
