News for '-psu'

2-day nationwide trade union strike from March 28

2-day nationwide trade union strike from March 28

Rediff.com23 Mar 2022

A joint forum of central trade unions has given a call for a nationwide strike on March 28 and 29, to protest against government policies affecting workers, farmers, and people. The Joint Platform of central trade unions held a meeting in Delhi on March 22, 2022, to take stock of the preparations in various states and sectors for the proposed two-day all India strike on 28-29 March 2022 against "the anti-worker, anti-farmer, anti-people and anti-national policies" of the central government, a statement said. The statement said that roadways, transport workers and electricity workers have decided to join the strike in spite of the impending threat of ESMA (Haryana and Chandigarh, respectively). Financial sectors, including banking and insurance, are joining the strike, it stated.

'I have a learners' license. Will my accident claim be accepted?'

'I have a learners' license. Will my accident claim be accepted?'

Rediff.com12 Oct 2022

Sanjib Jha, CEO, Coverfox Insurance Broking, answers your health and auto insurance related queries.

PSU banks lost Rs 227 bn to frauds in 5 years

PSU banks lost Rs 227 bn to frauds in 5 years

Rediff.com15 Feb 2018

Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.

Fresh violence hits Meghalaya; Shah assures CBI probe into border firing

Fresh violence hits Meghalaya; Shah assures CBI probe into border firing

Rediff.com25 Nov 2022

Meghalaya Chief Minister Conrad Sangma on Thursday said Union Home Minister Amit Shah has given firm assurances at a meeting held in Delhi of acting on his request for a Central Bureau of Investigation (CBI) probe into the 'firing by Assam Police' along the states' border.

Sensex up 55 points to its all-time closing high

Sensex up 55 points to its all-time closing high

Rediff.com9 Sep 2021

Bharti Airtel was the top gainer in the Sensex pack, jumping around 3 per cent, followed by Nestle India, Tata Steel, Bajaj Finserv, HCL Tech and ITC. NSE Nifty rose 15.75 points to settle at 17,369.25.

Recapitalisation of PSU banks: How govt flouts SEBI rules

Recapitalisation of PSU banks: How govt flouts SEBI rules

Rediff.com2 Aug 2016

In eight cases, the banks would violate the minimum public shareholding norms if their promoter, the Government of India, infused capital as announced.

Efforts to sell PSU stakes lose steam

Efforts to sell PSU stakes lose steam

Rediff.com7 Jan 2014

One crucial revenue source that can help the government achieve its fiscal-deficit target is the proceeds from the sale of its stakes in public sector companies.

PSU consortium to quit Egyptian petro blocks

PSU consortium to quit Egyptian petro blocks

Rediff.com2 Jan 2014

This comes even after the Indian ambassador there had said this would affect the interests of other Indian companies.

Will PSU bank shares be a good buy now?

Will PSU bank shares be a good buy now?

Rediff.com29 Jun 2016

A section of analysts feel now may not be a bad time to buy select PSBs.

Unfazed by PSU banks' losses, Jaitley promises more funds

Unfazed by PSU banks' losses, Jaitley promises more funds

Rediff.com6 Jun 2016

Jaitley said the government had earmarked Rs 25,000 crore (Rs 250 billion) for recapitalisation.

PSU bank employees defer strike

PSU bank employees defer strike

Rediff.com25 Feb 2008

Employees of public sector banks have called off the strike planned on February 25 and 26

Bank of Baroda best placed among PSU banks

Bank of Baroda best placed among PSU banks

Rediff.com7 Apr 2015

Bank of Baroda has relatively better position on impaired assets.

Investment bankers laugh all the way to the bank with Rs 1000 cr earnings in 2021

Investment bankers laugh all the way to the bank with Rs 1000 cr earnings in 2021

Rediff.com11 Sep 2021

Since the beginning of 2020, i-bankers have collected nearly Rs 1,800 crore by way of IPO fees. Interestingly, the India fees this year form just 1 per cent of the global fee pool of $13.7 billion from IPOs.

Mallya flays banks for saving Jet, sinking Kingfisher

Mallya flays banks for saving Jet, sinking Kingfisher

Rediff.com26 Mar 2019

In a series of tweets reacting to banks led by State Bank of India taking over management control of troubled Jet Airways, Mallya said, "...Only wish the same was done for Kingfisher".

PSU revamp board chief resigns

PSU revamp board chief resigns

Rediff.com28 Nov 2007

He alleged that the public enterprises department headed by Heavy Industries and Public Enterprises Minister Sontosh Mohan Dev has been "pursuing a much narrower agenda, in which governance reform of PSUs does not figure

India stares at fuel shortage with spike in under-recovery at OMCs

India stares at fuel shortage with spike in under-recovery at OMCs

Rediff.com23 Jun 2022

As oil marketing companies (OMCs) stare at huge under-recoveries, India is facing fuel shortage across the country with states like Rajasthan, Madhya Pradesh, Karnataka Uttarakhand, Gujarat and Haryana being the worst hit. The under-recoveries suffered by OMCs are around Rs 20-25 a litre for diesel and Rs 14-18 a litre for petrol, said sources. Government and state-run companies denied reports of any crisis or supply-side issues on the availability of fuel.

Bulls are back in action; Sensex surges 514 points

Bulls are back in action; Sensex surges 514 points

Rediff.com2 Sep 2021

TCS was the top gainer in the Sensex pack, rising over 3 per cent, followed by HUL, UltraTech Cement, Nestle India, Kotak Bank, Dr Reddy's and Titan. NSE Nifty surged 157.90 points to 17,234.15.

Three PSU bank stocks you can invest in

Three PSU bank stocks you can invest in

Rediff.com11 Mar 2015

SBI remains a favourite of most brokerages in the PSB segment.

NSE under fire from PSU shareholders

NSE under fire from PSU shareholders

Rediff.com6 Jun 2011

Domestic institutional shareholders, who together hold around 39 per cent stake in the National Stock Exchange, are unhappy with the exchange's strategy of not charging transaction fees in the currency derivative segment.

Sensex, Nifty end flat after choppy trade

Sensex, Nifty end flat after choppy trade

Rediff.com18 Jun 2021

ONGC was the top loser in the Sensex pack, shedding around 4 per cent, followed by NTPC, PowerGrid, M&M, Nestle India, SBI and HCL Tech. On the other hand, HUL, Bajaj Auto, Bharti Airtel, Bajaj Finserv were among the gainers.

My Superhero: 'I admire her self-respect'

My Superhero: 'I admire her self-respect'

Rediff.com8 Mar 2022

Prabhat Kumar from Kishtwar, Jammu and Kashmir explains how his wife Ranjana supported him and kept his family together in difficult times.

Sensex ends 464 points higher led by PSU banks

Sensex ends 464 points higher led by PSU banks

Rediff.com2 Mar 2016

Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.

'Am I too aggressive with my SIPs?'

'Am I too aggressive with my SIPs?'

Rediff.com1 Dec 2022

Nikunj Saraf, Vice President Choice Wealth, answers your queries.

How to kill a PSU

How to kill a PSU

Rediff.com27 Feb 2007

There is the larger issue of whether PSUs should be going through such elaborate tendering procedures when no private company follows the same procedures. In today's ultra-competitive world, it does seem an invitation to disaster.

PSU bank strike called off

PSU bank strike called off

Rediff.com21 Feb 2007

Employees of public sector banks on Wednesday withdrew their proposed strike on Friday, called to protest the cases filed by the management of Central Bank of India against its employees for going on strike last month.

Sensex rebounds 230 pts tracking gains in HDFC twins, RIL, SBI

Sensex rebounds 230 pts tracking gains in HDFC twins, RIL, SBI

Rediff.com21 Jun 2021

NTPC was the top gainer in the Sensex pack, rallying around 4 per cent, followed by Titan, SBI, HUL, IndusInd Bank and UltraTech Cement. NSE Nifty advanced 63.15 points to 15,746.50.

Amid farmer's stir, IRCTC sends 2 cr emails showing PM's relationship with Sikhs

Amid farmer's stir, IRCTC sends 2 cr emails showing PM's relationship with Sikhs

Rediff.com13 Dec 2020

Officials also said that the move to send out the emails was a conscious choice as part of a communication strategy for public interest.

Cloud on banking stocks on NPA concerns amid second wave of pandemic

Cloud on banking stocks on NPA concerns amid second wave of pandemic

Rediff.com30 Apr 2021

The Nifty Bank index has come off 15 per cent from its peak in February, underperforming the benchmark Nifty which is down 6%.

'What's the tax implication of interest earned on 5-yr NSC income?'

'What's the tax implication of interest earned on 5-yr NSC income?'

Rediff.com18 Oct 2022

Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.

Robust review before PSU bank chiefs are selected

Robust review before PSU bank chiefs are selected

Rediff.com16 Sep 2014

The move to make the appointment process more robust comes after last month's arrest of S K Jain, chairman and managing director of Syndicate Bank last month, over graft charges.

'MF Guru: Do I need more MF diversification?'

'MF Guru: Do I need more MF diversification?'

Rediff.com12 Jan 2023

Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.

Index heavyweights drag Sensex down 189 points

Index heavyweights drag Sensex down 189 points

Rediff.com28 Jun 2021

Titan was the top loser in the Sensex pack, shedding over 1 per cent, followed by TCS, HCL Tech, Reliance Industries, UltraTech Cement and Bharti Airtel. NSE Nifty settled 45.65 points down at 15,814.70.

MF Guru: With Rs 1 cr, how should I plan my retirement?

MF Guru: With Rs 1 cr, how should I plan my retirement?

Rediff.com16 Nov 2022

Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.

CBI summons Mamata's nephew's kin in coalmining case

CBI summons Mamata's nephew's kin in coalmining case

Rediff.com12 Mar 2021

The Central Bureau has summoned Trinamool Congress's member of Parliament Abhishek Banerjee's brother-in-law in connection with a case of alleged illegal coalmining from the mines of the Eastern Coalfields Limited (ECL) in West Bengal's Asansol, involving the "kingpin" of the racket, Anup Manjhi, officials said on Friday.

Defence equipment sector: Street suggests big upside

Defence equipment sector: Street suggests big upside

Rediff.com20 Apr 2022

The move towards indigenisation of defence procurement creates new opportunities for India's military industrial sector. The Government of India (GoI) has so far released five lists of items for positive indigenisation - these should be manufactured in India, rather than imported. Each item on these lists represents an opportunity for some local firm.

Syndicate Bank fiasco: A lesson for PSU banks

Syndicate Bank fiasco: A lesson for PSU banks

Rediff.com6 Aug 2014

This comes after the arrest of Syndicate Bank Chairman S K jain.

PSU divestment move: Govt plays it safe

PSU divestment move: Govt plays it safe

Rediff.com23 Nov 2012

After the fiasco in March this year over the share sale in Oil and Natural Gas Corporation ( ONGC ), the government has softened its stand over the pricing.

Public sector IPOs to warm up to anchor investors

Public sector IPOs to warm up to anchor investors

Rediff.com29 Jan 2021

Through anchor allotment, a firm can demonstrate the demand for shares by getting marquee investors on board.

The rise of PSU chairmen

The rise of PSU chairmen

Rediff.com7 Feb 2006

RINL IPO to kickstart PSU divestment process

RINL IPO to kickstart PSU divestment process

Rediff.com8 Oct 2012

The government on Monday said it will kickstart its ambitious Rs 30,000 crore (Rs 300 billion) divestment programme with stake sale in RINL this month.