Psu Undertakings
Bank of Maharashtra tops among PSU lenders in business growth in FY24
State-owned Bank of Maharashtra recorded the highest growth rate last fiscal in terms of total business and deposit mobilisation among public sector lenders at a time when most banks are facing difficulty in achieving double-digit growth. The Pune-headquartered lender has registered a 15.94 per cent rise in the total business (domestic) in FY24, followed by the country's largest lender State Bank of India (SBI) with 13.12 per cent growth, according to published financial numbers of the public sector banks (PSBs). However, SBI's total business (deposit and advances) was about 16.7 times higher at Rs 79,52,784 crore compared to Rs 4,74,411 crore of Bank of Maharashtra (BoM) in absolute terms. Similarly, BoM continued to maintain its top spot in terms of growth in deposit mobilisation, with a 15.66 per cent rise in FY24. It was followed by SBI (11.07 per cent), Bank of India (11.05 per cent) and Canara Bank (10.98 per cent). Out of 12 public sector banks, only these four lenders could
 "Bank of Maharashtra tops among PSU lenders in business growth in FY24")
Defence PSU BEL bags Rs 1,940 crore contract for advanced EW systems
As part of the deal, BEL will supply 14 "cutting edge" domestically manufactured Electronic Warfare (EW) sensors and systems to L&T
 "Defence PSU BEL bags Rs 1,940 crore contract for advanced EW systems")
Red-hot smallcaps, PSUs run into rough weather; Sensex falls 523 points
Profit-taking on valuation concerns triggers collapse
 "Red-hot smallcaps, PSUs run into rough weather; Sensex falls 523 points")
RailTel to provide IPTV services to RailWire subscribers from Jan 26
RailTel, a PSU under Railways Ministry, is launching an Internet Protocol Television (IPTV) services for the subscribers of its retail broadband service, RailWire, a statement said
 "RailTel to provide IPTV services to RailWire subscribers from Jan 26")
PSUs face further investment apathy; privatisation may struggle: Analysts
The bulk of the earnings reduction over the past two months for the Nifty-50 index, according to KIE, has come from the government's decision to levy new taxes
 "PSUs face further investment apathy; privatisation may struggle: Analysts")
Loss-making PSUs more attractive for buyers after income tax tweak
Investor must retain at least 51% stake to take the benefit
 "Loss-making PSUs more attractive for buyers after income tax tweak")
From IRFC to Mazagon Dock, glut of PSU public offers to continue in 2018-19
The government's combined disinvestment target for 2018-19 is Rs 800 billion
 "From IRFC to Mazagon Dock, glut of PSU public offers to continue in 2018-19")
