Page 10 - Psus

Banks may encounter legal hurdles in invoking personal guarantees

Experts say most promoters don't register assets under their names

FinMin gets bigger: Dept of Public Enterprises now part of Finance Ministry

Finance Ministry will now have six departments while DPE's hereto parent ministry, the Ministry of Heavy Industries and Public Enterprises will now be called the Ministry of Heavy Industries.

SBI better positioned to tackle any subsequent Covid-19 wave: Khara

SBI is the country's largest lender

India's bank credit-to-GDP ratio inches up to 56% in 2020: BIS data

The country's credit-to-GDP ratio improved to 56.075 per cent in 2020 from a low of 52.7 per cent in 2019.

No plans to reduce SAIL headcount: Pradhan to WB Finance Minister

SAIL, under the Ministry of Steel, is the country's largest steelmaker

PFC posts multifold jump in net profit to Rs 3,906 crore in March quarter

The firm's board has recommended a final dividend of Rs 2 per share with the face value of Rs 10 per share for 2020-21.

Indian Overseas Bank fourth quarter profit rises over 2-folds to Rs 350 cr

The bank had posted a net profit of Rs 143.79 crore in the same period a year ago.

Street signs: Shyam GMP at 35%, demand recovery to aid Power PSUs & more

Tata Steel is expected to see huge inflows from ETFs over the next week.

With an edge over private players, power PSUs put capex above reducing debt

Better debt ratios, regulatory comfort place NTPC, NHPC at an advantage over private players

State-owned NHPC net profit rises 80% to Rs 464 crore in March quarter

Electricity generation is the principal business activity of the group, and its primary source of revenue is from generation and sale of hydroelectricity.

Govt to seek approval from Cabinet to set up a land bank company

DIPAM finalises structure of the company that will sell land parcels of govt departments and PSUs

PSUs take the lead in Covid vaccination but shortage hits remote locations

While this is one of the larger-scale vaccinations, the drive faces delays and pauses due to shortages of vaccines, especially in remote areas

Govt looking to monetise possible IT parks, SEZs developed on PSU land

Developing long-term, revenue-generating resources by using such idle assets will help create more value than by disposing them of at low valuations

PSUs asked to dedicate hospital beds for Covid-19 management

This is in an effort to augment hospital infrastructure for management of severe cases of coronavirus

SAIL chief Soma Mondal is new chairperson of SCOPE

SCOPE is an apex professional organization representing the Central Public Sector Enterprises (CPSEs)

FinMin mulls bringing DPE under itself ahead of privatisation drive

Move aimed at better control over PSUs ahead of govt's ambitious privatisation drive

Privatising small PSUs first not a good idea: NITI Aayog's Amitabh Kant

What is required is for unions to be convinced that the steps being taken are in their and the country's best interests, says Kant

Discom overdue increases 5.5-times in 5 states; disputes rising too

Bills worth Rs 12,856 crore were in dispute till January 2020, the amount has risen to Rs 15,098 crore.

Govt garners Rs 30,369 crore as dividend from PSUs so far this fiscal

The government has collected Rs 30,369 crore as dividend from Central Public Sector Enterprises (CPSEs) so far in the current fiscal, according to a senior official.

Oil sector PSUs to set up InvITs as part of asset monetisation drive

After power, the country's oil sector PSUs would now float an infrastructure investment trust (InvIT) as part of the asset monetisation exercise announced by the government