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PSU News

22 Dec 2024

Central PSUs Record 47 Per Cent Jump In Net Profit For 2023-24

The increase in Contribution to the Central Exchequer (CCE) is mainly due to an increase in Corporation tax from Rs 0.56 lakh crore in (FY 2022-23) to Rs 0.81 lakh crore in (FY 2023- 24).

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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