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A representative image of a Public Sector Undertaking or PSU. (Photo: PTI)

Business

Govt invites bids for strategic disinvestment of 4 PSUs

Govt wants to sell its entire 98.99 per cent stake in National Projects Construction Corporation.

13 Oct 2017 7:06 AM GMT

State-run Oil India Ltd (OIL) will seek shareholders approval to raise Rs 7,000 crore through bonds.

Business

Oil India Ltd to buyback 4.45 per cent shares for Rs 1,085 crore

Govt is targeting a minimum Rs 5,000 crore through share buyback offers of state-owned firms like Coal India and BHEL.

23 Nov 2018 12:30 PM GMT

In 2015-16, MTNL reported a total annual revenue of Rs 3,197.41 crore and net loss of Rs 2,005.72 crore.

Business

MTNL wants govt to reimburse Rs 2,800 cr interest on spectrum loan

MTNL surrendered the BWA spectrum and the principal amount of Rs 4,534 crore was returned.

27 April 2018 3:35 AM GMT

The Speaker said the Question Hour is very important and the MPs should not disrupt proceedings. (Photo: File | PTI)

India

'Big scams': Oppn protests in Lok Sabha over disinvestment of PSUs,...

Under the electoral bonds scheme, govt had offered complete anonymity to those making donations.

21 Nov 2019 7:49 AM GMT

Business

Govt to launch first debt exchange-traded fund

The ETF, called Bharat Bond ETF, will have a fixed maturity of three and ten years .

4 Dec 2019 2:01 PM GMT

Standard & Poors is an American financial services company. (Photo: File)

Business

S&P foresees 'credit risks' for PSUs supporting govt exchequer via...

The share buybacks announced so far, including the Rs 4,000-crore offering at Oil and Natural Gas Corp.

29 Jan 2019 9:18 AM GMT

BEL is augmenting these facilities for meeting the upcoming requirements of variants of EOIR payloads for the domestic and export markets, it said in a release. (Photo: Twitter)

Business

BEL receives export order worth USD 33 million from Elbit Systems...

The PSU said it has already established the necessary infrastructure.

25 Feb 2019 12:04 PM GMT

$The CBDT has asked the taxman to scrutinise cases where a taxpayer has filed a revised income tax return (ITR) post demonetisation and directed them to slap \higher tax rate\ in instances where black money is detected. (Photo: AFP/Representational)$ Business

Govt may launch exchange traded fund of PSU bank stocks next fiscal

The government has raised Rs 32,900 crore through Bharat-22 ETF since 2017, and Rs 28,500 crore from CPSE ETF since...

19 Feb 2019 11:37 AM GMT

The Finance Ministry may come out with a Rs 10,000-crore follow-on fund offer of the Bharat-22 exchange traded fund (ETF) as it looks to dilute stake in Coal India to meet the minimum public holding norm.

Business

Bharat-22 ETF additional sale on Feb 14, govt to raise at least Rs...

The government has so far raised Rs 22,900 crore through the Bharat-22 ETF.

12 Feb 2019 7:03 AM GMT

Hindustan Petroleum Corp Ltd (HPCL) on Friday reported 56 per cent drop in the June quarter net profit on account of lower refining margins and inventory losses.

Business

Oil PSU capex drops to 4-yr low for 2019-20

Oil PSUs had invested Rs 89,180 crore in 2014-15.

3 Feb 2019 1:06 PM GMT

$BSNL had recently said BSNL-MTNL combination will be \advantageous\ for both firms, given the synergies in areas like enterprise and mobile businesses.$ Business

Govt releases Rs 171 crore pending dues to MTNL to pay salaries

Both companies have failed to pay salaries of their employees for last month, according to employees' representatives.

14 March 2019 3:37 AM GMT

Finance Minister Arun Jaitley during the release of book Mann ki Baat - A Social Revolution on Radio in New Delhi on Saturday. (Photo: ANI)

Business

Doubling tax-free gratuity limit to Rs 20L to benefit PSU, pvt sector...

Would benefit all PSU employees and other employees not covered by Payment of Gratuity Act, says Arun Jaitley.

6 March 2019 5:12 AM GMT