| PSUs emerge unscathed by market plunge |
| Rakteem Katakey / New Delhi March 21, 2008 |
| Delay in investing Rs 72,000 crore in mutual funds saves government-owned companies from losses. The government-owned companies have been unwittingly insulated from the stock market plunge, as their innate caution and risk aversion led to a delay in proposed investments of around Rs 72,000 crore in equity-linked mutual funds. Last July, when the Sensex was trading at 15,700, the government had permitted public sector companies with navratna and mini-ratna status (good performers are permitted a degree of autonomy) to |
