There are 30 listed PSUs in which the public holding is less than 25%.
Pharma shares were the top gainers led by Lupin after the company received EIR from USFDA for its Goa facility
Two major hydel projects being built by construction majors GVK and L&T have suffered severe damages in the floods which hit Uttarakhand last week.
Venkataraman Krishnamurthy, who is considered as the turnaround man of several Indian corporate houses like BHEL, Maruti Udyog, SAIL and Gail (India), passed away on Sunday at the age of 97. Krishnamurthy is considered as "the father of public sector undertakings in India" by many in India Inc. Born in the temple town of Tamil Nadu's Karuveli, he started his career as an airfield technician during the Second World War.
The good news is that within the first 14 months, orders for manufacturing and commissioning of the entire 88,537 Mw capacity for the 12th Plan have been placed, according to the Central Electricity Authority, the country's apex power planning body.
In a major jolt to India's solar energy programme, the Rajasthan government might cancel the 4,000-Mw solar UMPP (ultra mega power project), which was expected to come up near Sambhar Lake.
India Inc gets about Rs 67,000 crore worth of fresh orders in the Sept quarter, a rise of 45% sequentially.
Sectoral index up 10% in past month, as market takes hope from higher order book, revenue and operating margins in September quarter.
During campaigning, P Chidambaram has been addressing villagers, explaining his efforts to improve life in the constituency and blaming the state government for not supporting him. He has also been introducing his son in the 10 villages across 250 km.
Imported components account for up to 30% of the firm's total production cost.
Asian shares ended higher after a string of positive US economic data.
Power crisis has deepened in Uttar Pradesh with closure of one more unit of Anpara thermal power project due to a technical snag, prompting Chief Secretary Alok Ranjan to ask officials to find a solution to meet electricity shortage in the state.
Hike in planned public-sector capital expenditure will be credit-positive for infra cos
The amount is around a fifth of the cumulative investment in fixed assets by these companies.
Investor confidence has evaporated amid fears over the rising cost of funding India's gaping current account deficit, prompting New Delhi to delay plans to raise much-needed funds through partial privatisations, finance ministry sources said.
The road show was the virtual launch of the Congress campaign for the assembly polls slated later this year, in which his party has the tough task of dislodging the Bharatiya Janata Party, which has been ruling the state for the last 15 years.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Indian Oil Corporation (IOC) and two other public sector oil firms will install 22,000 electric vehicle (EV) charging stations over the next 3-5 years to support the nation's target to reduce its carbon intensity and reach net zero emissions by 2070. IOC, the country's largest state-controlled refiner by capacity, will set up EV charging facilities at 10,000 fuel outlets over the next three years, chairman Shrikant Madhav Vaidya said. Bharat Petroleum Corporation Ltd (BPCL) said it will set up 7,000 stations over the next five years while Hindustan Petroleum Corporation Ltd (HPCL) has plans for 5,000 stations.
In less than two months since the announcement in March, the state has mobilised an armada of small and medium enterprises keen on making components for large equipment manufacturers.
New Delhi has missed its target for partial privatisations for the past five years
10 central trade unions have called a nationwide shutdown against 'anti-worker policies' of the central government. Apart from being successful in Bengal, Kerala and NE states, the bandh has also got support from Cong leader Rahul Gandhi and Shiv Sena in Maharashtra.
Private sector firms need to be re-engaged for better infra planning.
The price of diesel sold to bulk users has been hiked by about Rs 25 per litre in line with a near 40 per cent rise in international oil prices, but retail rates at petrol pumps remain unchanged, sources said. Petrol pump sales have jumped by a fifth this month after bulk users like bus fleet operators and malls queued up at petrol bunks to buy fuel rather than the usual practice of ordering directly from oil companies, widening the losses of retailers. Worst hit are private retailers like Nayara Energy, Jio-bp and Shell, who have so far refused to curtail any volume despite a surge in sales.
Abhijit Chaudhari, Director, GATEFORUM tells you what to expect in the entrance exam this year and how you can prepare for it.
'It would be a travesty if the Malaysian air force likes the Tejas, but decides against it because it sees the IAF reluctance to back the fighter.'
Brokers like Vasudevan are struggling to keep themselves in tune with this super-informed, new-generation retail investor.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
Sanjeeb Mukherjee, who was eight years old when the deadly gas leaked from Union Carbide's factory, gives his account of living in the city during that fateful period
'The Indian cement sector is the most energy-efficient worldwide, mainly due to modern technology used in the plants but also because of efficient monitoring of a plant's performance on a daily basis, focusing on energy savings and carbon dioxide emission reductions.'
For FY16, MTNL's standalone net loss was over Rs 2,000 crore.
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