News for 'public sector undertakings'

Steel plant privatisation: Cong calls for Bastar bandh during Modi's visit

Steel plant privatisation: Cong calls for Bastar bandh during Modi's visit

Rediff.com1 Oct 2023

During his visit to the Bastar district headquarters in the poll-bound state, the prime minister is scheduled to address a Bharatiya Janata Party rally.

UPSC to go hi-tech with AI, facial recognition for cheat-free exams

UPSC to go hi-tech with AI, facial recognition for cheat-free exams

Rediff.com24 Jun 2024

The Commission has desired to incorporate Aadhaar-based fingerprint authentication (else digital fingerprint capturing) and facial recognition of candidates, scanning of QR Code of e-admit cards and monitoring through live AI-based CCTV video surveillance, it said.

No tax hike in this Budget: Chidambaram

No tax hike in this Budget: Chidambaram

Rediff.com14 Jan 2006

The finance minister says that FDI in retail will be permitted with Left parties' consent.

Firms have no right to know

Firms have no right to know

Rediff.com15 Nov 2005

Even though legal opinion was sought by the banking sector, by implication, no public sector undertaking will be answerable to any company under the Right to Information Act.

Mamata's Singur stand may hurt NTPC project

Mamata's Singur stand may hurt NTPC project

Rediff.com13 Jun 2011

The new Bengal government is not ready to give over even half the required land.

Mixed fortunes for divested PSUs

Mixed fortunes for divested PSUs

Rediff.com4 Jun 2004

4 PSUs among top 5 most valuable cos

4 PSUs among top 5 most valuable cos

Rediff.com5 Nov 2007

Till 15 days ago, only two PSUs - Oil and Natural Gas Corporation (ONGC) and National Thermal Power Corporation (NTPC) - ranked amongst the five most valuable companies. But with two more PSUs, Mineral and Metals Trading Corporation (MMTC) and National Mineral Development Corporation (NMDC), seeing sustained rise in the last three months, the number has risen to four.

PSU stocks surge: Should you buy?

PSU stocks surge: Should you buy?

Rediff.com26 Mar 2014

The performance has been a clear contrast to the movement in the first two months of 2014, when the S&P BSE PSU index massively underperformed the S&P BSE Sensex (down 0.2 per cent) by slipping nearly seven per cent.

HAL to set up training centre in Bangalore

HAL to set up training centre in Bangalore

Rediff.com23 Jul 2007

A couple of sites are being explored for the proposed centre, which will have a capacity to train 300-400 people at a time.

Nationwide bank strike on Tue

Nationwide bank strike on Tue

Rediff.com21 Mar 2005

Banking operations are likely to be hit on Tuesday as unions have called a nationwide strike to protest mergers of public sector undertaking banks and the proposed hike in foreign direct investment limit to 74 per cent in the sector.

Govt introduces 'BH' regn for vehicles to ease transfer across states

Govt introduces 'BH' regn for vehicles to ease transfer across states

Rediff.com28 Aug 2021

To ensure seamless transfer of personal vehicles across states, the road transport ministry has come up with a new registration mark for new vehicles -- Bharat Series (BH-series).

Axe falls on short-term loans

Axe falls on short-term loans

Rediff.com29 Sep 2008

Some banks decide not to roll over short-term loans; others will do it only at higher interest.

India eyes diamond mining ventures abroad

India eyes diamond mining ventures abroad

Rediff.com4 May 2007

It is the diamond in Africa and Russia that is dazzling India these days. India is planning joint ventures with diamond mining companies across Russia, Africa and the CIS nations.

Watch out for these gimmicks before investing

Watch out for these gimmicks before investing

Rediff.com24 Dec 2010

Don't get carried away by lofty promises and hard-to-believe sales pitches because there is more often than not a catch.

Govt raises selloff target for '04-05

Govt raises selloff target for '04-05

Rediff.com3 Feb 2004

Buoyed by the proposed public offerings in six companies, including Oil and Natural Gas Corp and Gas Authority of India Ltd, the government on Tuesday set an ambitious target of mobilising Rs 16,000 crore

10% cap on divestment in PSU to stay for now

10% cap on divestment in PSU to stay for now

Rediff.com2 Dec 2009

Finance Minister Pranab Mukherjee has made it clear that the government would not travel the path of unbridled divestment. The 10 per cent cap on offloading shares of profit-making public-sector undertakings (PSUs) would stay for the next four years, as Mukherjee said he preferred a cautious approach towards divestment.

ONGC, IOC, MUL among PF defaulters

ONGC, IOC, MUL among PF defaulters

Rediff.com21 Aug 2003

Oil and Natural Gas Corporation, Indian Oil Corporation, Bharat Heavy Electricals Ltd, HMT and Maruti Udyog Ltd are among the corporates that defaulted in remitting their provident fund share to the Employees Provident Fund Organisation

BSNL workers to join May 21 strike

BSNL workers to join May 21 strike

Rediff.com6 May 2003

Employees of Bharat Sanchar Nigam Ltd will strike work on May 21 in response to a call by central trade unions to protest government's privatisation policy.\n\n\n\n

Seven events to revolutionise capital market

Seven events to revolutionise capital market

Rediff.com2 Jan 2007

The year 2007 will bring in seven developments that can change the domestic capital market. The capital market is all set to look very different from what it is today.

India tests indigenous torpedo

India tests indigenous torpedo

Rediff.com8 Mar 2003

With this, it joined the elite club of eight countries to have such a capability.

Salary windfall for PSU staff soon

Salary windfall for PSU staff soon

Rediff.com31 May 2008

Over 210,000 executives in estimated 240 central public sector undertakings are in for a bonanza with a pay revision committee recommending a massive hike in their annual cost-to-company. The hike ranges between 379 per cent at the highest level and 57 per cent at the lowest across companies and levels.

India to divest stake in 6-7 PSUs in a year

India to divest stake in 6-7 PSUs in a year

Rediff.com18 Aug 2009

The government will offload equity in six to seven state-owned companies in the next 12 months, Finance Secretary Ashok Chawla said on Tuesday.

Divestment: NMDC sale to raise Rs 12,000 crore

Divestment: NMDC sale to raise Rs 12,000 crore

Rediff.com3 Aug 2009

National Mineral Development Corporation (NMDC), the Hyderabad-based public sector undertaking, is the first PSU to come up for divestment during the current financial year.

Divestment commission for sale of 4 PSUs

Divestment commission for sale of 4 PSUs

Rediff.com8 Jan 2003

Divestment commission for sale of 4 PSUs

PSUs under railways profitable: Mamata

PSUs under railways profitable: Mamata

Rediff.com3 Jul 2009

PSUs under the railways ministry include Ircon International, a turnkey infrastructure construction company; Railtel (telecom); Indian Railway Catering and Tourism Company; and Rites, a consultancy, engineering and project management firm.

PSU pay panel for 50-60% revision

PSU pay panel for 50-60% revision

Rediff.com27 Mar 2008

Over 1.6 million employees working in the estimated 240 central public sector undertakings (PSUs) are likely to receive a 50 to 60 per cent salary increase, possibly with retrospective effect from January 2006. The second PSU pay revision committee, headed by former Supreme Court Justice M Jagannadha Rao, is in advanced stages of finalising its award due April-end and plans to submit its report to the government soon after.

Gandhi family, its NGOs not above law: BJP on FCRA licence cancellation

Gandhi family, its NGOs not above law: BJP on FCRA licence cancellation

Rediff.com23 Oct 2022

BJP spokesperson Sambit Patra claimed that the home ministry's decision to cancel the FCRA licences of the Rajiv Gandhi Foundation and the Rajiv Gandhi Charitable Trust for alleged violation of laws has "exposed" their corruption.

All went down the black hole

All went down the black hole

Rediff.com2 Dec 2004

India Inc bullish: NCAER

India Inc bullish: NCAER

Rediff.com29 Nov 2004

'Competition Commission must look at PSUs'

'Competition Commission must look at PSUs'

Rediff.com12 Jun 2009

Competition watchdog CCI needs to scrutinise the practices of the state-owned companies as they are not above the law of competition, the Chairman of the 13th Finance Commission, Vijay Kelkar said on Friday.

After private companies, Sebi wants PSUs to have 25% public float

After private companies, Sebi wants PSUs to have 25% public float

Rediff.com28 May 2014

Having successfully implemented the 25 per cent free-float norm for private companies, the Securities and Exchange Board of India now wants the government to pare its holdings in public-sector undertakings to below 75 per cent.

Divestment - What can go wrong with UPA's plan

Divestment - What can go wrong with UPA's plan

Rediff.com3 Jun 2009

The divestment plan can be prepared now, but its execution should wait for a politically opportune time.

Govt wealth rises by Rs 3.66 lakh crore

Govt wealth rises by Rs 3.66 lakh crore

Rediff.com1 Jun 2009

Besides coming back to power in the recent elections, the Congress-led United Progressive Alliance (UPA) government has more reasons to smile.

No place for fresh fiscal stimulus in reforms pack

No place for fresh fiscal stimulus in reforms pack

Rediff.com22 May 2009

The policy action plan being prepared for the new government does not see the immediate need for a fresh fiscal stimulus package, but recommends a new oil pricing formula and disinvestment of government equity in public sector undertakings in small doses.

IITs turn to core sector firms for placements after start-up fiasco

IITs turn to core sector firms for placements after start-up fiasco

Rediff.com7 Sep 2016

To further ensure employability of students, IITs are encouraging students to positively accept more number of pre-placement offers and not wait till final placement season

Abolish ADC by April 1: Trai

Abolish ADC by April 1: Trai

Rediff.com22 Jan 2008

Trai has suggested abolition of ADC on private operators. This move will make telecom services more affordable.

CBI raids on govt officials

CBI raids on govt officials

Rediff.com29 Sep 2004

The raids were carried out simultaneously in major cities across the country as part of the agency's drive to check corruption among government officials.