A host of companies have been lined up by the disinvestment department as candidates for stake sale.
'As long as the government does not want to let go of the public sector companies they will not get value for their shares and the companies will grow in such a competitive environment. It will be a national loss,' says G V Ramakrishna.
The government is keen to close the sale before March 31, 2021, to help meet a record Rs 2.1 lakh crore target which Finance Minister Nirmala Sitharaman has set from divestment proceeds in the Budget for 2020-21.
The Left Front' economic policies may continue to haunt the UPA government.
The asset monetisation exercise in the first phase will help BSNL shave off its Rs 14,000-crore debt. The government has said that these firms are strategically important and will not be closed down or divested.
India Inc has learnt to take risks and compete with global players to create wealth, industry experts said on Monday.
Elaborating on this theme, Petroleum Minister Dharmendra Pradhan pointed out that if the power sector had not been opened up through reforms initiated in 2003, India would still have been in darkness.
'Usually, customers who don't get loans from banks approach NBFCs.' 'This is one reason NBFCs price their loans costlier than PSBs or private banks.' 'NBFCs will have higher delinquencies levels than private banks for most products.'
State-run power firm NTPC overstated its profits by Rs 938 crore (R 9.38 billion) in 2007-08, the Comptroller and Auditor General of India said in a report, but categorically stated that chances of Satyam like frauds in PSUs are very remote.
The unprecedented health crisis forced an indefinite shutdown of all sports activities -- both contact and non-contact. The FICCI said non-contact sports can resume first by maintaining social distancing norms.
Petroleum secretary R S Pandey and heads of oil PSUs on Friday drew a blueprint of a contingency plan to keep refinering running, fuel stations operational and oil and gas flowing in the event of the strike, official sources said. While Hindustan Petroleum was never part of the agitation called by OSOA, executives from Indian Oil, Engineers India and Oil India have since Thursday disassociated from the agitation.
Unwilling to compromise autonomy for a hefty pay hike announced on Thursday, several PSUs chiefs on Friday conveyed displeasure to the government over a directive asking them not to create senior posts in their units without the approval of their administrative ministries.
Sounding the Congress' poll bugle in the state, Gandhi attacked the Modi government repeatedly alleging that it was working with an approach of 'Hum do, Hamare do' -- a term he recently used while speaking in Lok Sabha to claim that the country is being run by only four people.
With Ola Corporate, aims to provide services to 10,000 firms by next year
Reliance Industries Ltd, India's sole private sector refiner, on Monday sought Petroleum Minister Ram Naik's help in getting public sector oil companies to buy fuel from its 33 million tonne Jamnagar refinery in Gujarat.
'Mr (Gautam) Adani invested in Vizhinjam port when no other viable party was willing to bid.' 'He has also been active in charitable work and CSR projects in our coastal areas.' 'As the local MP, I do not judge the local situation purely through the prism of politics.'
Over 93% of the orders in the year came from the central and state governments, PSUs, and NHAI.
In eight cases, the banks would violate the minimum public shareholding norms if their promoter, the Government of India, infused capital as announced.
Indian Railways and the National Highways Authority of India alone would account for over 90 per cent of the total equity investment by the Centre. The government would pump in Rs 14,600 crore in the Railways to part-finance the Plan investment of Rs 39,545 crore. More than half of the investment of Rs 13,646 crore for NHAI would also come from the government equity at Rs 8,578 crore.
With over Rs 55,000 crore debt, Air India management has been trying to pare burden by monetising non-core real estate properties.
Vinay Umarji reports on the IITs' latest move.
In 16 days, petrol price has been hiked by Rs 8.3 per litre and diesel by Rs 9.46 - a record increase in rates of the fuel in any fortnight since pricing was deregulated in April 2002.
An analysis of the frequency of various watchwords in the finance minister's Budget speech shows that he was perhaps trying to hold on to his ideas without treading on anybody else's toes, says A K Bhattacharya.
In the last two months, these stocks have lost nearly a quarter of their market cap.
In the last two months, these stocks have lost nearly a quarter of their market cap.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
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
Do the actual numbers bear out the claims made by the government or do they suggest something else? asks A K Bhattacharya.
With stake sales to begin in some PSUs & banks, Jaitley and team to trot the globe to get more foreign investors.
Oil PSUs to pay Rs 2,500 cr interim dividend.
Known for stable returns, near debt-free status and dividend track record, these 10 PSU stocks are worth buying now.
Here's how the cut in interest rates on home loans announced on December 15 by the Indian Banks' Association is likely to have an impact on you.
India's sourcing from China may not necessarily be for cost-effectiveness alone but also for the lack of domestic qualified bidders, technology or other know-how.
All central government ministries and their Public Sector Undertakings were told to dispense with the requirement of interviews for selections at junior level posts.
In 2003 when the West Bengal government initiated public sector units restructuring programme, it was believed that off loading government's stake in PSUs would deliver effective social welfare programme in the state.
ONGC retained the top position on the coveted list of 10 most profit-making PSUs, while AirIndia was the biggest loss-making state firm during 2010-11.
The government is bullish on Coal India and ONGC's stake sale programme which are to be held soon.
Congress leader Shatrughan Sinha said the "writing on the wall is clear" that the 'Mahagathbandhan' will be 'maha vijayi' (grandly victorious) as everyone can see the attraction and euphoria for the grand opposition alliance.
India and the US had on July 17 signed a preliminary agreement for cooperating on emergency crude oil reserves, including the possibility of India storing oil in the US emergency stockpile.
The end of the monopoly of oil PSUs on selling jet fuel at Delhi and Mumbai airports is expected to bring competition and more transparent pricing.
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