Page 6 - Psus

Almost 50% coal blocks allotted to power PSUs face delay in prodn: Report

Seven out of the total 16 coal blocks issued to state-owned power sector entities or PSUs are yet to start or have just started production, even more than seven years after their allotment

Finance Minister Sitharaman nudges India Inc to clear unpaid dues of MSMEs

Nirmala Sitharaman said it is encouraging that larger companies are including amounts owed to MSMEs in annual statements

PSU general insurers recommend 12% wage hike, unions dissatisfied

The unions had earlier warned the management of the five companies not to vitiate the industrial relations (IR) environment by a unilateral action

Govt plans to auction 17 non-operational mines surrendered by PSUs: Joshi

The government plans to put on auction 17 mines surrendered by public sector undertakings which could not put the blocks into operation, Coal and Mines Minister Pralhad Joshi said on Tuesday. The statement comes in the wake of the government making efforts to ramp up domestic coal production to ensure adequate availability of dry fuel to different sectors. "Just the-day-before yesterday (Sunday) I got 17 blocks back and they are very good blocks and I am putting them for auction now," Joshi said. Speaking during a conference on the Indian minerals and metals industry organised by NMDC and FICCI, the minister said many PSUs in the country in sectors like coal were sitting on big mines. The government decided to take away all those mines from the public sector undertakings which do not get into operation even after the lapse of five to six years and put them on sale. "I talked to the chief ministers and ministers of a few states and asked them the reasons for sitting on mines. These

BEML to list land holding company, clearing way for privatisation

Defence PSU's board will meet on August 18 to finalise a proposal for share allotment

Is the revival of BSNL a strategic bet for Indian Hi-Tech?

This hi-tech race is perhaps the new "arms race" as we enter into what seems to be the 21st century's version of a cold war that has pitted China against the West

After Covid setback, MSMEs owed Rs 10.7 trn in pending dues: Report

The share of micro and small enterprises stood at Rs 8.73 trillion, 80 per cent of the total pending amount

Casual workers PSUs hired fell 44% in first Covid-19 pandemic year

Experts say lockdown and near stalling of business may have prompted the decline

Top headlines: RIL Q1 profit surges 46%, MoD bans imports from 18 platforms

Public procurement by public sector undertakings (PSUs) from micro and small enter­prises rose nearly 11 per cent year-on-year (YoY) to Rs 41,699 crore in the fiscal year 2020-21

PSUs' buy from small business rose 11% to Rs 41,699 crore in FY21

About 239 of 389 PSUs owned about 1.61 million acres land collectively, the survey showed

SBI gains 17% in one month, surpasses LIC to become most valued PSU stock

In the past one month, SBI has rallied 17 per cent, as compared to a 5 per cent gain in the stock price of LIC.

The weaker side of generosity

High dividend payouts reflect low growth expectations

Major PSU banks to go live on account aggregator system by July-end

SBI and BoB are expected to go live by the deadline; PNB and Union Bank of India are already live on the ecosystem

Few vacancies, delayed appointments: Why ex-servicemen fail to find jobs

The data shows that absorbing the first batch of 34,500 retired Agniveers in 2026 will require additional vacancies

Centre looks to build divestment capacity in govt departments, PSUs

DIPAM calls for in-house capabilities for analysis and decisions regarding divestment-related measures

Strategic PSUs should look to scale up, boost efficiency: FM Sitharaman

The minister said strategic sectors had been identified based on national interest, and the government would continue to have its presence in these sectors

PSUs asked to route strategic divestment, minority stake sales via DIPAM

The process for strategic divestment will be through competitive bidding, while soon-to-be specified guidelines will have to be followed for shutting down units

Centre puts oil pipeline monetisation on hold as PSUs resist: Report

According to a report, the oil and gas companies had resisted the idea from the beginning as pipelines are core to their business

RailTel posts highest-ever consolidated income of Rs 1,628 crore in FY22

With this, RailTel has posted a profit before tax amounting to Rs 281 crore and profit after tax of Rs 209 cr during the Financial Year 21-22 on consolidated basis

PSU privatisation: Centre asks for legal declaration from bidders

An entity, which is disqualified, will not be allowed to participate merely because it has filed an appeal against an adverse order