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PSU
PSU News
PM Modi
02 Apr 2023
PM Modi Hails Steel Company SAIL For Its Best Ever Annual Production
Tagging SAIL's tweet, Prime Minister Modi said in Hindi on Twitter, "Many congratulations on this wonderful achievement! This production of SAIL shows that not only in steel, but the country is moving fast towards self-reliance in every sector.
India oil
10 Aug 2022
Indian Oil warns people to beware of fake petrol pump dealership scam
Beware! Scams running offering fake Indian Oil petrol pump dealership. Indian Oil suggests going nearest PSU office or petrol pump for more information. Indian Oil will build 50 petrol pumps in Sri Lanka.
general insurance
20 Nov 2021
60,000 PSU workers could soon get 15% wage revision, check if you're eligible
The wage revisions for 60,000 PSU employees will take place in the year 2021. This means that the announcement will be made soon in the coming days. Wage revision usually takes place once in five years.
CPSE
30 Apr 2021
Centre to give additional Rs 15,000 crore interest-free loan to states
An amount of Rs 7,400 crore is earmarked for all other states. The government has budgeted to raise Rs 1.75 lakh crore through CPSE disinvestment in the current fiscal. Funds provided to the states under the scheme by the government shall be used for new and ongoing capital projects.
SAIL
08 Oct 2017
SAIL strikes deal with Posco for technical expertise
The pact is meant for SAIL's IISCO Steel Plant (ISP) at Burnpur in West Bengal.
Sensex
29 Sep 2017
Sensex ends steady, but posts weekly loss
Both the Sensex and the Nifty suffered weekly losses for the third time this month, down 638.72 points, or 2 per cent, and 175.80 points, or 1.76 per cent, respectively.
Arun Jaitley
28 Sep 2017
Government keeps option of financial stimulus open
Garg also added that the government was confident of meeting the fiscal deficit target of 3.2 per cent in the current financial year.
Govt stimulus
24 Sep 2017
Govt stimulus to boost economy in the works
Chief Economic Advisor Arvind Subramanian has been tasked with preparing details of the pressure points facing the economy and the probable remedies.
Govt IPO
17 Sep 2017
Govt may raise over Rs 15K crore from IPO of 2 PSU general insurers
In view of the current market condition, the government may easily get Rs 15,000 crore by diluting stake in these two companies, sources said, adding it could be upwards of Rs 15,000 crore.
SBI merger
17 Jul 2017
Number of public sector banks may go down to 12 as government mulls consolidation
The 21 public sector banks would get consolidated to 10- 12 in the medium term, the official said.
T Rajasekar
01 Apr 2017
T Rajasekar appointed as HLL Director in Kerala
T Rajasekar has been appointed as the new Director (Marketing) of Central PSU HLL Lifecare Limited by the Union Ministry of Health and Family Welfare.
Coal India
12 Mar 2017
CIL may miss output target by 20 MT this fiscal: Coal Secretary
State-owned Coal India is likely to miss the production target by 20 MT and may end up producing up to 578 million tonnes this fiscal due to a string of issues, including evacuation and demand-supply, a top official has said.
PSU
19 Feb 2017
CPSE IPOs within 22 weeks of govt nod
Drawing strict timelines for listing of profitable PSUs, the government has mandated launch of initial public offer (IPO) within five-and-half months of a nod from the ministry concerned.
Arun Jaitley
04 Feb 2017
Disinvestment receipts to touch Rs 45,000 crore: Arun Jaitley
Finance Minister Arun Jaitley has exuded confidence that receipts from PSU disinvestment will touch Rs 45,000 crore in 2016-17.
Sensex
01 Feb 2017
Sensex spurts in opening trade ahead of Budget
Ahead of the Union Budget that is to be presented later in the day, market rose by over 64 points in opening trade today as investors built up positions.
Sensex
26 Dec 2016
Sensex drops 248 points on profit booking in early trade
In the early trade benchmark stock index Sensex feel by 248 points based on profit booking by investors amid weak Asian cues.
Demonetisation
24 Nov 2016
Demonetisation: Here's how transaction charge waiver on debit cards will benefit you
Amid the ongoing political outcry over demonetisation, the government on Wednesday announced several steps aimed at helping the cash-hit citizen of the country and to encourage widespread usage of digital payments post demonetisation.
PSU
03 Nov 2016
PSUs to follow “zero coal imports” policy from next fiscal: Official
In order to bring down coal imports at a faster rate, public sector units (PSUs) in the power sector will follow "zero imports" policy from the next fiscal onwards, a top official said on Thursday.
Indian Railways
23 Sep 2016
RailTel to provide digital connectivity at far-flung areas
Railway Minister Suresh Prabhu on Friday asked RailTel to adopt a "stand alone" approach to provide digital connectivity in far-flung areas.
Coal India
08 Sep 2016
India needs 4 times defence budget to meet 2020 coal target
The government has estimated that by the year 2020, India will need 1.5 billion tonnes of coal. But an IndiaSpend analysis of a recent report by Brookings India indicates that even by a generous estimate, the country`s need for coal will not exceed 1.2 billion tonnes over the next four years.
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