The share of listed public sector undertakings (PSUs) in the overall market capitalisation has hit a three-year high of 11.4 per cent. This comes on the back of the sharp outperformance of the PSU pack over the past two years. In 2021 and 2022, the BSE PSU index gained 41 per cent and 23 per cent, respectively. Market participants said a combination of factors like value buying and bullishness, particularly in public sector banks (PSBs), were the reason for the improved prospects.
Divestment in top PSUs could make the ETF as big as Rs 30,000 crore.
Of the 1.32 trillion capex target for FY26, State-run oil firms have already spent 1.07 trillion in the first 10 months.
As per the mega consolidation plan, Oriental Bank of Commerce and United Bank of India will merge into Punjab National Bank (PNB); Syndicate Bank into Canara Bank; Andhra Bank and Corporation Bank into Union Bank of India; and Allahabad Bank into Indian Bank. Following this merger, PNB will become second largest after the SBI, Canara Bank fourth, Union Bank of India fifth and Indian Bank seventh biggest public sector lender.
A 31-year-old man was shot dead in Chandigarh by two unidentified assailants outside a gym, marking the second shooting incident in the city within 24 hours.
The LPG squeeze on India's restaurant sector is the quotidian face of a deeper crisis.
The Jammu and Kashmir government is working to fill over 40,000 vacant posts across various departments, with a focus on health, education, and general administration.
The retirement fund manager EPFO is likely to hike the cap on investment in bonds of highest rated public sector undertakings, banks and financial institutions on the lines of the insurance sector to earn better returns.
According to Iranian state media, Islamic Republic of Iran Broadcasting (IRIB), the threat was articulated by Ebrahim Zolfaghari, spokesperson for Iran's Khatam al-Anbiya Central Headquarters.
Public sector banks have written off loans worth Rs 6.15 lakh crore in the last five and a half years, Parliament was informed on Monday.
Senior Congress leader Ramesh Chennithala has accused the Kerala government of protecting CPI(M) leaders allegedly involved in the Sabarimala temple gold loss case and failing to address other issues related to the temple.
Police in Kochi have arrested three directors of an agri-tourism firm accused of defrauding hundreds of investors of over Rs 100 crore through a fake investment scheme.
Former HDFC Bank chairman Atanu Chakraborty cites misselling of AT-1 bonds and underperformance as key reasons for his resignation, dismissing personal differences as a major factor.
The Reserve Bank of India (RBI) has issued a statement assuring the public of HDFC Bank's stability and sound financial position following the resignation of its chairman, Atanu Chakraborty, citing ethical concerns.
Non-Performing Assets are a wake-up call for public sector banks.
In the biggest consolidation exercise in the banking space, the government on Friday announced four major mergers of public sector banks, bringing down their total number to 12 from 27 in 2017, a move aimed at making state-owned lenders global sized banks.
The Karnataka government has formed a committee on responsible AI to develop a framework for the safe, ethical, and transparent adoption of AI across government systems and public services.
Flight bookings for Halwara airport in Punjab are scheduled to begin in April, with the first commercial flight expected between May 10 and 15. The airport's opening is anticipated to significantly enhance air connectivity and boost economic growth in the region.
As many as 128 pilots have left Air India, Indian Airlines and Alliance Airways between 2004 and 2006, the Rajya Sabha was informed on Tuesday.
An explosion outside the Punjab BJP headquarters in Chandigarh caused panic and prompted an investigation by the National Investigation Agency. No casualties were reported, but the incident has raised concerns about security and law and order in the region.
A blast outside the Punjab BJP headquarters in Chandigarh caused panic and prompted an investigation by the National Investigation Agency. No casualties were reported, but the incident has raised serious concerns about security and law and order in the region.
'Uncertainty level A in the morning, uncertainty level B in the afternoon. If I answer about tariff rates now, I'll be outdated by the evening.'
Typically, those from the IIMs, Xavier Labour Relations Institute and Indian School of Business joined at Scale III, but graduates from other B-schools were recruited in scale II.
Foreign investors did not lap up the new SBI issue because of deeper worries about public sector banks
As he settled down to his job as army chief, General Qamar Javed Bajwa -- who died last week; his passing did not merit even an obituary in major print or electronic media in Pakistan! -- developed a vision of reducing his country's and his institution, the army's traditional hostility toward India, points out Rana Banerji, who headed the Pakistan desk at RA&W.
Saudi Arabia and the UAE are actively pushing Trump to take the war to its bitter finish and 'erase' Iran's presence in the geopolitics of the region. Simply put, the two most powerful Sunni Arab oligarchies are on the same page as Israel. Such interference increases the risk of a breakdown in dialogue between the US and Iran, points out Ambassador M K Bhadrakumar.
A new report, 'India's Sports Startup Ecosystem: Current Status and Emerging Pathways,' was unveiled, offering insights into the sports industry's growth potential, innovation, and opportunities for stakeholders as India prepares to host major international sporting events.
An explosion outside the Punjab BJP headquarters in Chandigarh caused panic, with a social media post claiming responsibility as retaliation for the killing of Sikh youths. Police suspect a crude device was used, and an investigation is underway.
The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.
The operation reportedly extended to American assets, with the IRGC claiming that "US military bases in the region, namely Ali al-Salem in Kuwait, as well as al-Minhad and al-Dhafra in the United Arab Emirates, were also targeted."
Hewlett-Packard sees tremendous market opportunity in India for high-end servers, especially in the government and public sectors, and the company on Wednesday launched a new entry-level NonStop server system in this country.
'LIC's investment decisions are taken independently, following strict due diligence, risk assessment and fiduciary compliance.'
Sectoral funds, focused exclusively on public sector banks (PSBs), have delivered the strongest returns among domestic mutual fund (MF) categories over the past six months. However, active banking funds have significantly lagged because of their heavy tilt towards private lenders.
The fiscal tilt towards capex benefits companies in investment-related sectors like capital goods, defence equipment, engineering & construction and metal & mining. The planned cut in revenue expenditure will weigh on companies in consumption sectors like FMCG, consumer durables and retail.
Two of the three strikes are related to the gig economy, a centrepiece of the new labour Codes.
Opening up the corner office is fine, but will the government be able to attract talent without giving a market-rate salary?, asks Tamal Bandyopadhyay.
Betting big on India's AI potential, Google CEO Sundar Pichai on Wednesday announced new subsea cable routes to boost AI connectivity between India and the US, alongside major skilling initiatives, including training 20 million public servants and supporting 11 million students
Finance Minister Nirmala Sitharaman on Tuesday allayed apprehension that privatisation of state-owned banks would hurt financial inclusion and national interest. She said the bank nationalisation done in 1969 has not yielded the desired result as far as financial inclusion was concerned.
