Page 8 - Psus

Govt firms asked to declare market value of land, other real estate assets

Measure seen as a bid to boost investor confidence in PSUs stocks

Valuation question holds up SPV for land, asset monetisation of PSUs

The government is still finalising the valuation at which such assets will be transferred to the SPV.

PSUs borrowing to buy equity of another firm defeats purpose: CAG

Due to poor financial condition, it said, ChPT had to raise a loan of Rs 1,775 crore at a rate of interest of 8 per cent per annum for purchasing the GoI's stake in KPL

CAG raps Bihar govt for its financial help to defaulting govt companies

These PSUs have not finalised their accounts for the last one to 43 years in violation of provisions of the Companies Act/Acts of the respective Statutory Corporations/Public Sector Undertakings

Centre set to rejig privatisation process for non-strategic sectors

Companies in non-strategic sectors would be considered for privatisation, wherever feasible, or else they would be closed

HAL to manufacture first four light utility helicopters by 2022-23: Govt

Out of the initial quota of four choppers, two each will go to the Indian Army and the Indian Air Force

What govt U-Turn on IRCTC means for minority shareholders in other PSUs

After negative market reaction, the govt recently made a U-turn on its decision to take away the revenue IRCTC earns from convenience fee. Now what does it mean for investors of PSU stocks?

Must consider shareholder interests: DIPAM secretary Tuhin Kanta Pandey

'DIPAM has been advising ministries to carefully evaluate any policy changes which play a larger part in the functioning of PSUs', said Pandey

Govt appoints seven executive directors for public sector banks

Many of these executives, in their early 50s, who stand to serve a full five-year term, will be eligible for extension

Govt to soon reach out to potential buyers of debt-laden IDBI Bank

The Centre, through its advisors, will share the strategic sale plan with investors, and how the deal is expected to be structured, an official said

Temper expectations from privatisation trade, say analysts

The brokerage says listed PSUs face several challenges and continued government ownership may weigh on their performance

IRCTC m-cap tops Rs 1 trillion in intraday trade before settling 16% lower

Ends the day with a market cap of Rs 85,808 cr; stock has risen 3.3x this year; other firms in railways too come off from intraday highs amid buzz that govt is appointing a regulator for the sector

Top headlines: PM launches 7 defence PSUs; Brent oil surges to $85/barrel

Business Standard brings you the top stories from today

Divestment push may boost PSU m-cap on bourses from all-time low currently

Nifty PSE index closes at highest level since January 2018

Govt receives over Rs 2,593 cr dividend from NTPC, PGCIL this fiscal

The government has received Rs 7,515 crore as dividend from central public sector enterprises so far in the current financial year

DIPAM likely to decide on commercial matters for PSU privatisation

The panel headed by the cabinet secretary is yet to decide whether DIPAM can be empowered to take decisions on pricing matters for PSU privatisation

Most PSUs on govt's privatisation list created by private sector: Sanyal

He also said the government will not shy away from creating new public sector entities where ever required.

Power giant NTPC pays Rs 3,054-cr final dividend for 2020-21

State-owned power giant NTPC on Friday said it has paid the final dividend of Rs 3,054.45 crore for 2020-21. For the financial year 2020-21, NTPC Ltd has paid a final dividend of Rs 3,054.45 crore, being 31.5 per cent of the company's paid-up equity share capital, NTPC said in a statement. The real-time gross settlement (RTGS) advice for the transfer of Rs 1,560.93 crore, as the government's share in the final dividend, was presented to Union Minister of Power and New & Renewable Energy R K Singh, by NTPC Chairman and Managing Director Gurdeep Singh. This is the 28th consecutive year that NTPC has paid a dividend.

CIL announces performance reward of Rs 72,500 per non-exec employee

State-owned Coal India on Tuesday announced a performance-linked reward of Rs 72,500 per employee to all its non-executive cadre workforce for financial year 2020-21. The payment of performance-linked reward (PLR) would be made on or before October 11, 2021. "Non-executive cadre employees of Coal India Ltd (CIL), its subsidiaries and Singareni Collieries Company Ltd (SCCL) will get an amount of Rs 72,500 as PLR for financial year 2020-21," the Maharatna firm said in a statement. The decision was taken on Monday in a bipartite meeting of representatives of Central Trade Unions (CTUs), who are members of the standardisation Committee of JBCCI-X and management of CIL and SCCL held at CIL Office in New Delhi, the statement said. "Govt under PM @narendramodi ji is committed to the welfare of #CoalWarriors. In recognition to their nation-building efforts, performance-linked reward has been increased from Rs 68,000 to Rs 72,500 per person, this year. @CoalIndiaHQ @PRO_SCCL," Coal and Min

BSNL employee unions to launch campaign for removal of CMD Purwar

Employee unions of state-owned telecom firm BSNL have decided to launch a campaign for the removal of BSNL Chairman and Managing Director PK Purwar alleging his failure to revive the company.