PSUs say with the economy back on track, the students are preferring private sector companies due to fatter pay packets.
Till Sunday, the IAF had received 56,960 applications under the scheme.
Fiscal pressure for the Indian economy is gradually rising, suggested analysts at Jefferies in a recent note, as oil prices (Brent) - which are close to the $100 a barrel mark - continue to climb ahead of a busy election calendar. They added that the sharp rally in the equity markets during the last few months has made valuations costly. As a result, Jefferies expects the Indian markets to remain choppy in the near term.
India SME Forum, an organisation for small and medium businesses, has called for creating a dedicated fund of Rs 5000 crore for the export capacity development, promotion, and marketing of Micro, Small & Medium Enterprises (MSMEs) in its Budget recommendation. The forum for MSMEs with over 98,000 members said that to enhance India's global competitiveness and increase its market share in global exports, it was "crucial to increase the number of active exporters and enable at least 3-4 lakh first-time micro, small, and medium exporters while supporting them in promoting Indian products globally."
Six bills, including the one to amend the Jammu and Kashmir Reorganisation Act, were introduced in the Lok Sabha on Wednesday amid protests by opposition members over the violence in Manipur.
State-run public sector undertakings live in a mysterious world, without scrutiny from analysts or the public. Here's an overview of Maharashtra's PSUs.
The Indian equity market clocked record average daily turnover (ADTV) in both the cash and derivatives segments in February amid a spike in volatility. The ADTV for the cash segment for both the exchanges combined came at Rs 1.27 trillion, while the same for the derivatives or the futures and options (F&O) segment stood at Rs 483 trillion in the previous month. The volumes for both cash and derivatives have almost doubled from a year ago on the back of rising retail participation in the world's fourth largest equity market.
Stocks of government probables for divestment or stake sale such as Steel Authority of India (SAIL), Mahanagar Telephone Nigam (MTNL), National Aluminium Company (Nalco) and Container Corporation (Concor) have outperformed the markets in the past one year.
The Centre on Wednesday placed a second purchase order with the Serum Institute of India for the supply of one crore doses of Oxford-AstraZeneca COVID-19 vaccine 'Covishield', each costing Rs 210, including GST, sources said.
The guidelines also point out that it is not advisable to form 50-50 JVs, since such a company is regarded as a private company and functions as such, even though the PSU is an equal shareholder. In many cases these entities are not accountable to Parliament or the state assembly.
The Ministry of Defence has decided to retain decades-old barriers against allowing India's private sector a meaningful role in defence production. Minister of State for Defence Production MM Pallam Raju has revealed that the MoD had scrapped its plan to nominate leading defence players from the private sector as Raksha Udyog Ratnas (RuRs), or Champions of Defence Industry, thus granting them the same status as Defence Public Sector Undertakings (DPSUs) and Ordnance Factories
Israeli Prime Minister Benjamin Netanyahu termed it the 'largest cooperation project in our history', one that would 'change the face of the Middle East, Israel, and impact the entire world'.
Higher net interest income and lower provisioning have helped banks to post record net profit growth in the last five quarters.
The move is expected to encourage brokers to sell issues, which have not received a very encouraging response so far.
Armed with "some crucial" evidence, the Central Bureau of Investigation is likely to make "some significant arrests" soon in connection with its probe into alleged irregularities in the procurement and supply of Tatra all-terrain vehicles.
While the government stifled PSUs' operational autonomy, competition from the private sector hit their market share.
What should have primarily served as an instrument for improving PSU management has over the years become a mere financial exercise to raise revenue to reduce the fiscal deficit.
The Ministry of Road Transport and Highways (MoRTH) has proposed to allow conversion of regular vehicle registrations into Bharat Series (BH) numbers as part of measures to widen the scope of the BH series ecosystem. At present, only new vehicles can opt for BH series mark. In a draft notification, the MoRTH informed about the proposed amendments in the rules governing Bharat (BH) series registration mark which was launched for people who are in transferable jobs.
The agreement formalises the US Trade and Development Agency's programme with Indian public sector undertakings and cover activities like project preparation, trade capacity building, investment analysis and sectoral development.
India's biggest companies are public sector undertakings (PSUs) in the oil & gas sector.
An apex committee under DoT Secretary R Chandraskehar has been set up to oversee the required policy decisions and institutional framework for an alliance between the two public sector undertakings which have been incurring losses.
According to an analysis, about 44 companies, including the Public Sector Undertakings, raised a whopping Rs 47,867 crore (Rs 478.67 billion) between April 2009 and March 31, 2010, through initial and follow-on public offers.
With public sector undertakings giving prominence to GATE scores, the prospects for engineering graduates just got bigger and better. Read on to know how an additional certification can add value to your career.
The China threat continues to resonate in the strategic partnership between India and the USA, points out Rup Narayan Das.
Taxpayers need not invest proceeds from sale of property strictly within 180 days from date of sale to get exemption under Section 54EC.
"The focus of this drive is to recover illegal cash and other assets from corrupt senior central government officials and PSUs," a CBI spokesman said in New Delhi.
Public sector undertakings - MTNL and BSNL have not yet given any time frame for testing of services for interception of Blackberry services notwithstanding the December 31 government deadline for operators to comply with it or shut their services.
Railways and port trusts have 60,000 acres of prime land for commercial use; nod for use of land with 50 loss-making PSUs on the cards.
Work on disinvesting government holdings may gather pace after the first week of August. Administrative ministries of around 15 Public Sector Undertakings have been asked to give feedback on the feasibility of coming out with initial public offers by then.
On January 11, Lalu will undertake a ten-day lecture tour to Japan and hold forth on how he has turned around the loss-making Indian Railways into a profitable public sector undertaking.
Leading chains plan Rs 40K crore infra revival to close capacity gap over next 3-5 years
India Inc raised Rs 47,720 crore (Rs 477.20 billion) through various debt instruments during the first six months of the fiscal 2004-05 even as central public sector undertakings lagged behind the private sector and state-level undertakings in the re
The Centre could further moderate its divestment target for 2024-25 (FY25), as it does not expect large receipts from asset sales - except some ongoing strategic ones, including IDBI Bank, which could spill over into next financial year. Also, it may drastically reduce its FY24 divestment target of Rs 51,000 crore. "We are still evaluating the Budget estimates for FY25. "New big-ticket asset sales are unlikely.
The Central Bureau of Investigation has intensified its probe to unearth alleged irregularities in procurement and supply of all-terrain Tatra trucks to the army and has called some former defence ministry officials and executives of a private firm involved in the deal for questioning.
The country has got its first firm order to export these machines to Namibia, while it is in talks with others, including Egypt and Saarc nations.
A money laundering case has been registered against Vectra chief Ravinder Rishi and his firms by the Enforcement Directorate to probe alleged generation of illegal funds in the defence deal between Tatra Sipox United Kingdom and defence public sector undertaking Bharat Earth Movers Limited.
The dip in campus placements has resulted in increased registrations for the GATE, making it more competitive.
The government should occasionally grant thousands of crores of rupees to Air India for its functioning as withdrawal of flights from profitable routes and unresolved issues relating to its merger do not augur well for the carrier, a parliamentary committee has said.
Confronted with competition, state-run logistics companies are opting for joint ventures among themselves and with the private sector.
