Page 6 - Cpses

Industry asks for more

But the government's economic package has a lot going for India's private sector

CPSE stocks rally; BHEL surges 25%, REC and Engineers India up over 10%

Rail Vikas Nigam, MSTC, and India Tourism Development Corporation were locked in 5 per cent upper circuit on the BSE.

Privatised CPSEs reported better profit, sales after transition: Eco Survey

The survey, tabled in Parliament on Friday, examined the change in performance for each individual central public sector enterprises (CPSE)

Explained: How concentrated index makes CPSE ETF risky for investors

Among the positives of the offer, the Nifty CPSE Index's valuations are more reasonable than that of front line indices

Nifty CPSE index slips 3%; IOCL, Oil India hit 52-week lows

ONGC, Oil India, Coal India, NTPC, Bharat Electronics, PFC, NBCC, NLC India and IOCL were down 1% to 5% on the NSE in intra-day trade.

Budget 2020: Govt turns to asset monetisation as divestment target eludes

Hope rises for monetisation of Rs 1 trillion worth of assets by March 31

Irdai okays debt ETFs of CPSEs as eligible class of investment for insurers

Irdai said such debt ETFs should be issued by mutual funds registered by Sebi and governed by its regulations.

In biggest privatisation drive, govt to sell stake in BPCL, 4 other CPSEs

The management control will continue to be retained with the government after considering equity held by other state-run companies in the divested firm

Cabinet may consider proposal to lower govt stake in CPSEs to less than 51%

Such a move is possible by amendment to Section 241 of the Companies Act

Pawan Hans, 27 other CPSEs get strategic divestment approval: Anurag Thakur

The budget target for disinvestment during 2019-20 has been set at Rs 1,05,000 crore and the government has so far raised Rs 17,364.26 crore

PSU disinvestment: DIPAM to hire advisors for sale of govt stake in CPSEs

The advisors would also help certain CPSEs to sell minority stake keeping in mind the current corporate laws, Sebi regulations, sectoral policy, and domestic as well as international market conditions

Finance ministry tells large CPSEs to accelerate investment activities

The meeting also called upon public sector undertakings to resolve outstanding payments

Finance ministry to ask CPSE heads to expedite capital expenditure

According to official sources, the finance ministry will review the progress made by various CPSEs with regard to their capital expenditure

Budget 2019: Air India sale on cards, govt hikes divestment target for FY20

Will also offer more CPSEs for strategic participation by the private sector

Sale of enemy shares, buybacks by CPSEs yield Rs 11,300 cr to govt in FY'19

Enemy property refers to the assets left behind by people who migrated to Pakistan or China and are no longer citizens of India

Cabinet to soon consider framework for monetisation of assets of CPSEs

To begin with, the guidelines would be applicable for those central public sector undertakings which are likely candidates for strategic disinvestment

FinMin to soon invite bids from merchant bankers for CPSE mergers

Kickstarting the process of merger and acquisition (M&A) among CPSEs, the Finance Ministry will soon invite bids from merchant bankers and legal firms to handle consolidation, starting with two such deals. Even though the CPSEs for M&A have not been finalised yet, the Department of Investment and Public Asset Management (DIPAM) is keeping the process ready so that when a formal proposal is received from the administrative ministry, they can begin the process without losing any time. "The merchant bankers who would bid would have to handle two such deals. The names of the CPSEs selected for M&A would be provided to merchant bankers and legal advisors before or at the time of the pre-bid meeting, an official told PTI. Once the proposal comes from the administrative ministry, it would go to the Core Group of Secretaries on Disinvestment (CGD) and then to the Cabinet, the official added. With less than 6 months left for the fiscal to end, DIPAM is fast tracking the process to

Select CPSEs fall; NTPC, PFC, NLC India down over 2%

NLC India, NTPC, NHPC, PFC and REC were down upto 4% on BSE in intra-day trade.

Employees get attractive compensation after closing sick CPSEs: Govt

Emphasising workers' interest, minister said VRS is given for them at 2007 notional pay scale

Sick PSUs must get reasonable revival chances: Parliamentary panel

Panel also cautioned on strategic divestment as well as shutting down of sick PSUs