Page 9 - Psus

SBI and other PSUs gain amid rejig of Nifty indices, HDFC Bank dips

RIL's weightage was reduced slightly, while HDFC Life's edged up in the benchmark Nifty index

New govt SPV likely to get powers to acquire and develop PSU land

The entity will be able to rent, lease and develop assets to monetise them for a fee, an official said

Disinvestment to increase PSUs' income, create jobs: MoS Finance Karad

The government plans to increase public sector undertakings' (PSUs) income and create employment through the disinvestment process, Minister of State for Finance Bhagwat K Karad said on Friday. He said public sector companies provide employment to 14 lakh people in the country. "Disinvestment doesn't mean that the companies are making losses, but the government has different plans to increase their income and to increase jobs," he said while addressing a virtual event organised by Dun & Bradstreet India. He said the government has decided to garner around Rs 6 lakh crore by way of monetisation. Last month, Finance Minister Nirmala Sitharaman had announced a Rs 6-lakh crore National Monetisation Pipeline (NMP) to unlock value in infrastructure assets across sectors ranging from power to road and railways. The plan, designed by the NITI Aayog, intends to sell off/lease public sector assets worth Rs 6 lakh crore to private companies in four financial years between 2021-22 and ...

GST Council likely to reject CCI plea for exemption of indirect tax

Fitment committee recommends rejecting MoSPI request for a waiver

Loss-making PSUs more attractive for buyers after income tax tweak

Investor must retain at least 51% stake to take the benefit

Review meet on disinvestment, privatisation of defence PSUs on Monday

The plan to bring down the government's shareholding and the broad timeline for the sale would be shared with the ministry

A land pipeline

Dipam's plan to sell PSU land worth expanding

Dilution of PSUs will hurt common people, alleges Mallikarjun Kharge

Dilution of PSUs by NDA government, as outlined in National Monetization Pipeline, would hurt the common people, benefit a few and ultimately affect reservations in jobs, Mallikarjun Kharge alleged

Centre plans PSU land sale worth more than Rs 600 crore via e-bidding

Parcels worth more than Rs 600 crore may be sold via new platform

Experts say govt driving capex even as FinMin praises private sector

Experts believe that investments are down and driven by government, PSUs

Rs 1-trillion m-cap club nears half-century; 19 companies join in 2021

Market experts said this was a natural consequence of the sustained gains in the market

Interest rate hike worries weigh on banking and PSU debt funds

Since the start of the current financial year till July, banking and PSU debt funds have seen outflows of Rs 1,247.44 crore

Uniform guidelines are needed for asset monetisation, say experts

However, experts believe that there should be some safeguards to give comfort to investors as these assets or projects involve risks

State-owned NMDC first quarter net profit jumps to Rs 3,191 crore

State-owned NMDC on Thursday saw its consolidated net profit jump to Rs 3,191.30 crore in the first quarter ended June 30. The company had posted Rs 531.35 crore net profit during the same quarter a year ago. In a BSE filing, the company said its total income zoomed to Rs 6,656.30 crore in the latest June quarter from Rs 2,009.27 crore in the year-ago period. During the quarter under review, the company's expenses stood at Rs 2,394.31 crore as against Rs 1,250.82 crore in the same period of the previous fiscal. NMDC, under the Ministry of Steel, is the country''s largest iron ore miner. It is also into exploration of minerals like copper, rock phosphate, limestone, dolomite and gypsum.

Cracking the whip: TDS defaults by state PSUs, banks come under I-T lens

Tax dept plans to conduct over 500 survey operations to ensure compliance

Supporting 3 PSUs, Bharat Biotech facility for more Covaxin doses: Govt

Facility augmentation of Bharat Biotech and three public sector enterprises is being supported for enhancing production of COVID-19 vaccine Covaxin, Parliament was informed on Friday. The Department of Biotechnology has informed that the facility augmentation of Bharat Biotech and 3 public sector enterprises (PSEs) Haffkine Biopharmaceutical Corporation Ltd, Indian Immunologicals Ltd; and Bharat Immunologicals Biologicals Corporation Ltd is being supported for augmented production of Covaxin, Minister of Health & Family Welfare and Chemicals & Fertilizers Mansukh Mandaviya said in a written reply to a question in the Rajya Sabha. This is being done under the 'Mission COVID Suraksha the Indian COVID-19 Vaccine Development Mission', he added. Further, technology transfer of Covaxin production to Gujarat COVID Vaccine Consortium comprising Hester Biosciences, OmniBRx Biotechnologies Pvt Ltd and Gujarat Biotechnology Research Centre is being facilitated by the Department of ..

Respect regulations

Govt's U-turn on minimum public float of PSUs is surprising

Public float exemption for PSUs to have riders in privatisation push

The move is to ensure fairness and prevent arbitrary use of latest dispensation provided by the government

Govt permits 100% FDI in oil & gas PSUs approved for disinvestment

"The above decision will take effect from the date of FEMA notification," an official statement said

SPV for land, asset monetisation of PSUs soon: DIPAM Secretary

Department of Investment and Public Asset Management is working to implement the Budget announcement for having a specialised entity to monetise non-core assets