Page 15 - Psus

Letter to BS: Strategic sale welcome decision but should have come earlier

It sounds good but perhaps not as easy to achieve

Going for more professionalism in PSUs via equity dilution: Pradhan

The Union Cabinet on Wednesday decided to sell its entire stake in three enterprises and bring down stake below 51 per cent in select PSUs

Industry body suggests scrutiny for PSUs on par with private firms

The suggestion is part of the Competitiveness Model developed by CII Research comprising six key elements to enable CPSEs to compete successfully in the global marketplace

Corporate credit growth slows as banks prefer PSUs, top-rated cos

Lenders restrict funds to companies with lower ratings

MFs focus on large-cap in Q2, markets bet on public sector companies

Fund managers say PSUs look attractive as valuations are cheap and possibility of strategic sales offers room for value unlocking

CCEA may consider govt's stake cut in some PSUs to below 51% next week

This move is different from privatisation as the Centre will continue to hold a majority stake in these companies and they will still be classified as public sector enterprises

Dipam keeps ball rolling for stake sale in Bharat Petroleum and others

Even after six months of the current financial year, the government has been able to achieve only 12 per cent of its disinvestment target of Rs 1.05 trillion

PSUs lose 22% in 2019 amid market volatility and multiple headwinds

Market observers believe that PSUs have been under pressure since 2018

Govt invites bids from advisers for strategic disinvestment of 3 PSUs

In strategic disinvestment, a buyer also takes the management control.

Time to do away with fiscal responsibility law? No virtue in stipulating 3%

Target years for reaching the desired fiscal deficit are pushed back; and when FMs are unable to get close to targets, they fudge the books and push the burden on to hapless PSUs, writes T N Ninan

BPCL to SCI, group of secretaries clears strategic stake sale in five PSUs

The sale may fetch over Rs 60,000 crore

Govt asks PSUs to clear vendor dues by Oct 15 to boost spending, growth

Finance Secretary Rajiv Kumar said 34 central PSUs have already spent Rs 48,077 crore till August and have detailed spending of another Rs 50,159 crore till December 2019

FM's stimulus push: Govt to clear Rs 20,000 cr dues by Oct 1st week

"Money should go where people have been waiting. Money should get going to the ground level," she said

Govt to appoint global consultants to sell excess land holdings of PSUs

The process, to be carried out by the Niti Aayog with the help of the Finance Ministry's DIPAM, will be a big source of revenue in the next two years

From ONGC to Coal India, PSUs set to pay higher dividend with tax savings

The PSU stocks, though, could see risk due to greater disinvestment for fiscal 2020, global financial firmBank of America Merrill Lynch said

Centre is looking at cutting import duties: BJP's Gopal Krishna Agarwal

Now, banks are sitting on a lot of liquid cash. Similarly, our corporate houses have liquidity in their systems. They have to invest, he said

Letter to BS: Banks, PSUs must get free hand to manage their resources

The government and the RBI will have to ensure that all banks get a level playing field to manage their businesses professionally

Finance ministry asks departments, PSUs to expedite capital expenditure

These capex reviews come just a day after Finance Minister Nirmala Sitharaman met representatives of the infrastructure sector

From Coal India to ONGC, shares of PSUs log biggest gain in four months

Among its constituents Coal India rose 7.3 per cent, ONGC 5.3 per cent, BPCL 4.5 per cent, and Nalco and Indian Oil by above 3 per cent each

Letters to BS: Let's get real, merging PSUs doesn't amount to privatisation

Merging one public sector undertaking with another, transferring stake from one pocket to a different one is a sort of game played by all successive governments