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On observing certain irregularities and fraudulent activities, Sebi passed an interim order against the company and its promoters in December 2011 and passed a final order in December 2013.

Ensure operational autonomy of PSEs: Sebi panel

Government should establish a transparent mandate for PSEs and disclose their objectives and obligations.

6 Oct 2017 2:19 PM IST

The Centre aims at creating two or three large entities with integrated operations across oil exploration, refining and marketing. (Photo: DC)

Govt plans to end anti-competitive, complex cross-holding in oil PSUs

Government divests its stake by taking the entire proceeds from sale of shares cross held by oil PSUs.

15 Oct 2018 8:46 AM IST

Banks received 3 trillion rupees ($44.4 billion) of 500- and 1,000-rupee notes over the last four days.

Govt expects lower dividend proceeds from PSUs in FY19

As per Budget estimate for 2017-18, the govt expected Rs 67,529.24 crore from central PSUs.

3 Feb 2018 11:12 AM IST

The answer, it seemed, was not difficult to seek for those who believed that economic growth in India, then as it is now, is state driven.

Focused on reducing non-viable PSUs, says Secretary DPE

Secretary in the DPE Seema Bahuguna said it is imperative for CPSEs now to reinvent themselves and become competitive.

5 April 2019 8:26 PM IST

Prime Minister Narendra Modi said he was happy to see CEOs of many important companies are looking at India with confidence. (Photo: ANI | Twitter)

Govt clears new norms for time-bound closure of sick PSUs

The new norms will replace the guidelines issued by the Department of Public Enterprises in September, 2016.

6 Jun 2018 5:35 PM IST

The Niti Aayog conducted the study from 2013 to 2016.

'NITI preparing cabinet note for closure of 7 more sick CPSEs'

NITI Aayog has also identified five CPSEs which can neither be revived nor sold, for liquidation.

28 March 2017 4:12 PM IST

Air India, BSNL among 43 CPSEs making losses for 3 years

Major reasons for losses include resource crunch, low capacity utilisation, oil plant and machinery among others.

28 March 2017 3:31 PM IST