The divestment commission on Thursday recommended privatisation of Kolkata-based conglomerate Andrew Yule and Co and favoured offering 40 per cent stake in Indian Vaccine Corporation to IPCL.
Social concerns as an advertising strategy and creative execution is emerging as the latest trend among advertisers to sell their ware.
As turbines fail and costs shoot up, is anyone accountable for the mess at India's costliest power project.
Fund managers of large-cap and equity-linked saving schemes (ELSS) have demonstrated a marked improvement in their performance over the past year, according to the latest SPIVA (S&P Indices Versus Active) report released by S&P Dow Jones Indices. In the one-year period ending June 2023, 17 per cent of active large-cap schemes outperformed the S&P BSE 100, compared to just 9 per cent at the end of June 2022. In the case of ELSS, there was a sharp improvement in performance, with 66 per cent of active schemes delivering better returns than the benchmark S&P BSE 200.
The minimum wage of Rs 80, which is applicable to central public sector undertakings, will see a 30 to 40 per cent jump in a single year once the changes are notified. The decision to hike the minimum wage level was taken by the Central Advisory Board at its meeting chaired by Minister for Labour and Employment Oscar Fernandes last week. The National Floor Level Minimum Wage of Rs 80 is likely to cross Rs 100 once the notification is issued.
A circular issued by the commission cites conduct rules that provides that no government employee, his family or anyone on his behalf will accept gifts.
The government on Tuesday announced that it has formally called-off plans to sell stakes in 13 profit-making central public sector undertakings.
Delayed submission of employees confidential report will not be a hindrance for promotion and they will be assessed on the basis of overall record and self-assessment of the year, the Centre has said.
With Parliament session over, the government is expected to kick off the divestment process in June.
The government said on Tuesday that the total default of public sector undertakings towards their workers stood at Rs 2082 crore (Rs 20.82 billion) and it was taking steps for redressing the grievances of the employees.\n\n\n\n
Ahead of a crucial meeting of the department of telecommunication, with the two public sector undertakings to decide on the next step towards synergising their operations, MTNL on Monday said that making it a subsidiary of BSNL would not yield the de
Telecom regulator on Saturday again asked BSNL to open up its last mile connectivity to private operators for broadband usage and said that instead of losing the value of such a huge network, it was best to work jointly to fully leverage the potentia
The Union Cabinet on Thursday deferred a decision on selling equity in two public sector undertakings BHEL and Maruti.
With an aim to link the unconnected destinations in the country, Indian Airlines and its subsidiary Alliance Air would soon acquire small aircraft to fly to smaller cities, Civil Aviation Minister Praful Patel said in New Delhi on Thursday.
Mahanagar Telephone Nigam Ltd has appointed HSBC as advisor for the process of synergising the public sector undertaking's operations with BSNL, as proposed by the department of telecom.
The consortium led by ICICI Securities is likely to submit by January end its first report containing the options of synergising the operations of two telecom public sector undertakings -- BSNL and MTNL.
Under attack for not acting tough on inter-connection disputes between public sector undertakings and private telecom operators, Telecom Regulatory Authority of India
The government on Thursday said it has not taken any decision so far regarding the merger of telecom public sector undertakings BSNL and MTNL.
The government is set to initiate consultations with the Reserve Bank of India (RBI) to devise a new security clearance framework for screening potential bidders of public sector banks (PSBs) as it kick-starts the privatisation process, beginning with the strategic divestment of IDBI Bank. As the government is moving ahead with strategic divestment of IDBI Bank and is looking to privatise two PSBs, the Department of Investment and Public Asset Management (DIPAM) is looking to put in place an appropriate framework as the potential buyers will have to meet the RBI's fit and proper criteria, said an official. The process of bank privatisation would be different from the sale of any other public sector undertaking (PSU), and more restrictions and measures will have to be put in place, the official said.
E-commerce players may soon rent out drones, so you can use them the way you book a cab on an app, and test viable use-cases for last-mile delivery.
Nearly 150,000 salaried individual taxpayers will have to re-file their returns for the 2007-08 assessment year, as their returns went up in smoke during a recent fire in the income-tax office at Mayur Bhawan in Connaught Place.
As speculation mounted over whether the Left parties would join the new Congress-led government, the Communist Party of India-Marxist and Communist Party of India on Friday made it clear that the pro-active divestment policies should be scrapped.
