Among PSBs, the top gainers have been Union Bank of India and Corporation Bank, whose shares have rallied more than 15% each. Indian Bank and Bank of Baroda, too, registered double-digit rise
BMS, BKS and SJM are trying to forge common cause with outfits on the other side of the ideological divide over the government's policies they are not in agreement with.
With this increase, diesel prices have touched a record high while petrol is at a 56-month peak.
Thierry Delaporte's pay package would be around 34 per cent higher than the total compensation that Wipro CEO Abidali Neemuchwala received in financial year 2019-20 (FY20). It also brings the Wipro CEO's salary on par with other top IT firms such as Infosys and Cognizant.
Branding Trinamool Congress rebels as 'traitors' like Mir Jafar, West Bengal Chief Minister Mamata Banerjee on Friday took a swipe at the Bharatiya Janata Party for fielding the turncoats in the polls leaving saffron party old-timers shed tears.
West Bengal Chief Minister Mamata Banerjee campaigning in tribal Paschim Medinipur district on Thursday for the coming state election asked "Marxist friends" not to vote for either the CPI-M or Congress, who are "cohorts of the communal BJP".
Despite the general anticipation that the market was in for a correction today, it opened steady. Mixed trends pervaded, though, with selling in blue chips and stock-specific buying on select side counters.
The market was all set for another positive opening today and one of the major triggers was the successful Maruti IPO that gave PSU stocks the desired push.
The government will offload equity in six to seven state-owned companies in the next 12 months, Finance Secretary Ashok Chawla said on Tuesday.
This includes an infrastructure push which may lead to the government spending more than its budgeted capital expenditure for 2020-21. There are also discussions on increasing the scope and quantum of direct cash transfers to the beneficiaries who need it the most.
'A third wave is possible, but we must try to restrict it to a low level by adopting all personal protection and public policy measures to prevent viral transmission, while speeding up vaccination.'
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.
The proposal, in preliminary stages, is likely to be finalised within a couple of months.
Besides, some PSUs that have remote locations are unable to communicate the public offer message to their employees and face various difficulties like opening demat accounts.
The commission issued letter of intent to ECIL and BEL -- both PSUs -- on Friday, two days after the Union Cabinet cleared its proposal to buy 16,15000 voter verifiable paper audit trail units at an estimated cost of Rs 3,173.47 crore.
Banerjee said she would stand by the Dalit community till the end as her caste is "humanity" and she does not believe in differentiation on the grounds of caste and religion.
The turnaround of SAIL from several quarters of losses was one of the most challenging experience, said Anil Kumar Chaudhary, the outgoing chairman of the country's largest steel maker. The chairman said he also wants to see SAIL paying back at least 50 per cent of its debt in the near future. Chaudhary who had joined SAIL as a junior manager in 1984 would be superannuating from the top post on December 31, 2020 after serving the company for almost 36 years in various roles.
Sebi had given an extension last year for PSUs to meet 25% minimum public shareholding rule
The bill has now been sent to the Mines Ministry for fine tuning and the final draft is to be placed before the group of ministers at its next meeting.
Petroleum Minister Ram Naik said on Wednesday that he would forward to the Cabinet Committee on Divestment the proposals from public sector units under his ministry to bid for Hindustan Petroleum Corporation Ltd after examining individual proposals.
Oil and Natural Gas Corporation said on Thursday that it would like to acquire public sector oil companies -- Hindustan Petroleum Corporation and Bharat Petroleum Corporation.
The New Year 2015, however, may see shares worth over Rs 50,000 crore (Rs 500 billion) being put on the table by the government, including by way of part-sale of its holdings in PSUs and its residual minority stakes in some private sector entities.
The CIL disinvestment has been hanging fire because of opposition from the trade unions. Mayaram's statement that the coal major will have to pay a higher dividend comes as the government makes efforts to meet its Rs 40,000 crore (Rs 400 billion) disinvestment target.
The government has been waiting for the expansion by the private sector, Finance Minister Nirmala Sitharaman said while reminding India Inc of various measures including corporate tax rate cut, policy consistency, ease of doing business, among others to facilitate investment.
India Ratings expects long products demand growth to be sharp, supported by a demand push from the government-led infrastructure investments in affordable housing, railways, rural electrification and road networks.
A high-level review meeting chaired by Prime Minister Manmohan Singh on Wednesday conceded a suggestion for immediate sale of 10 percent government equity in state-owned telecom giant BSNL.
Highest-ever mobilisation in first half of any fiscal year; bankers expect the trend to continue, given strong pipeline
The new chairmen-cum-managing directors of public sector telecom firms BSNL and MTNL will be hired on a contract basis with a fixed term of three years, as per the terms and conditions of their appointment, and they will be eligible for the same salary and perks as the head honchos of schedule-A PSUs.
Only strategic sales can serve the purpose of disinvestment, by freeing PSUs from govt control.
'Kindling the private sector's animal spirits is more important than focusing on how government can give jobs on its own.'
Presently, the list that we have of profit-making PSUs for divestment is based on financial numbers from 20007-08.
BSE PSU index rallies 10% in one month; nearly a third of the stocks on the index has gained 20% over the period
The one-time restructuring of loans will help every firm and prevent cost-cutting measures such as lay-offs.
Signals received from the government in the past one year reflect a state of utter confusion, says Abhishek Tripathi.
The HAL said its offer was reasonable, fair and in conformity with the wage agreements finalised by other Defence PSUs.
The BJP would want that by March 2022, when UP votes, the economy starts looking up and it heads into the polls with no other issue distracting from its main poll plank of the construction of the Ram temple in Ayodhya.
'If the Union Budget can provide incentives for animal spirits to come as well as induce demand stimulus and consumption, the Budget would have done a wonderful job.'
Finance Minister Arun Jaitley, in the Budget for 2015-16, is likely to target around Rs 43,000 crore (Rs 430 billion) from divestment proceeds, almost the same level that the government expects to realise from stake sale in PSUs this fiscal.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances