Page 12 - Psus

Power engineers, employees stage nationwide protest against privatisation

Power engineers and discom employees demanded to scrap the process to privatise discoms in states and Union territories

Budget 2021: Bad bank will be a win-win for lenders, says Debasish Panda

All banks are eligible for privatisation. A committee of secretaries will decide which banks will be privatised, said Panda

Govt will reserve up to 10% in LIC's IPO for policyholders: DIPAM Secretary

Provisions have been added in the LIC Act to provide some reservation to policyholders as shareholders, said DIPAM secretary Tuhin Kanta Pandey

Budget 2021: Govt sets divestment target of Rs 1.75 trillion For FY22

The government on Monday budgeted Rs 1.75 trillion from stake sale in public sector companies and financial institutions, including 2 PSU banks and one insurance company, in the next fiscal year

Stock-specific approach to investing in PSUs will yield returns: Experts

Attractive valuations not enough to be positive on the entire sector, say experts

Govt missing the perfect opportunity for PSU privatisation: Experts

Say Centre should push PSU share sale as markets hit record high

Budget Byte: Bad year for PSUs may impact dividend payout to govt

Though the stock market touched new highs in 2020, the PSU index was late to the party, and has barely recovered to January 2020 levels

Power engineers to protest on Feb 3 against privatisation of discoms

Power sector engineers would go for token work boycott across the country on February 3 to protest against the move to privatise distribution companies by the central government, the All India Power Engineers' Federation (AIPEF) said on Monday. "Power engineers across the country shall resort to token work boycott and hold protest meetings on 3rd February against privatization policies of the Government of India," AIPEF spokesperson V K Gupta said in a statement. Shailendra Dubey, the Chairman of AIPEF, in a letter to the Prime Minister, stated that power engineers and engineers are grieved over the central government's move towards the power sector privatisation through Electricity (Amendment) Bill, 2020, & Standard Bidding Document for total privatisation of distribution of electricity. Power engineers are opposing conversion of public monopoly to private monopoly, he said, adding that the policy of privatisation was slowly destroying the public sector across the country .

Gas distribution giant GAIL announces Rs 1,046.35 cr share buyback

GAIL looks to return surplus cash to shareholders, the biggest being the government of India

Prioritise spending, boost infra, sell PSUs: Raghuram Rajan on Budget

Former RBI Governor Raghuram Rajan says the government should take advantage of the peaks in the Indian equity markets right now and sell stakes in PSUs

Banking on Budget: Keeping an eye out for growth focus, PSU reforms

While the govt should try to push divestments, it should understand that reforms in the PSU space are very important if it wants to offload some its stake in the market

Cabinet likely to take up policy for PSU privatisation this month

The Public Sector Enterprises policy would include broad contours of the government's plans for privatisation.

Complete probe in corruption cases by May 2021: CVC to govt depts, PSUs

CVC has asked all central government departments, public sector banks, insurance companies and undertakings to complete the probe in pending corruption cases

M-cap share of PSUs at record low of 9.7% despite a strong rally in market

Continue to cede ground to family enterprises, private sector firms

Wary of British American Tobacco, govt may not budge on ITC stake sale

Fears a 2018-like episode when the foreign shareholder blocked proposal to issue Esops

Govt plans tough annual targets for state firms to boost valuations: Report

The government reportedly wants state-run firms to focus on improving market capitalisation and dividend payouts from the 2021/22 fiscal year

India plans tough targets for state-run firms ahead of privatisation push

India plans to set tough financial targets for state-run firms to try to improve valuations ahead of a push by PM Modi to privatise some firms, according to a draft government document and sources

BPCL bid evaluation meet on Tuesday; Vedanta, Apollo Global in race

The Ministry of Petroleum and Natural Gas has been asked to give its views on the response and the process so far

Best of BS Opinion: The PSU conundrum, adulterated honey, and more

Here are the best of Business Standard's opinions for Monday

With revenue constrained, government may look at PSUs for higher dividends

Centre may look towards its cash-rich public sector undertakings and those falling behind on their capex plans for current fiscal to declare higher dividends this year