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Govt to shut 3 HMT units, offers VRS to employees

The Department of Heavy Industry has been undertaking appraisals of each loss making CPSE to assess the prospects of revival. The government on Wednesday decided to close three unviable units......

J&K PSU workers not paid for 8 months

Communist Party of India leader Gurudas Dasgupta met Prime Minister Manmohan Singh on Tuesday along with ten union leaders of public sector units and Aganwadis from Jammu and Kashmir and drew his......

Sick government firms can get into real estate

The booming real estate market in India has caught the attention of the Board for Reconstruction of Public Sector Enterprises as a route for reviving sick public sector units. BRPSE's new chairman......

7 PSUs in red may turn around

Riding on the back of strong manufacturing growth, seven chronic loss-making central public sector units are expected to witness a turnaround in 2006. If they do turn around, the majority of PSUs......