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TREND | 03 Dec 2024, 07:14PM

Government's Equity Infusion In PSUs Sees 108% Growth Over Five Years

NDTV Profit

The Centre infused a total of Rs 3.52 lakh crore in central PSUs in fiscal 2023, as compared to Rs 1.69 lakh crore in fiscal 2018.

PSU

TREND | 03 Dec 2024, 05:13PM

Govt not considering PSU bank mergers: MoS Finance Pankaj Chaudhary

Business Standard

The government is not considering merger of public sector banks, Minister of State for Finance Pankaj Chaudhary said on Tuesday. In a written reply to a question in the Rajya Sabha, he said several steps have been taken by the government to strengthen the financial condition of public sector banks (PSBs). Chaudhary said the reforms undertaken by the government in the banking sector have created systemic improvements and instituted checks and controls to minimise the risk of recurrence of excessive stress. To a question on whether the merger of public sector banks is being considered, Chaudhary replied: "No sir". Chaudhary further said PSU banks have shown improvement in their capital adequacy ratio and gross non-performing assets position post-merger. "The merger has helped in improved synergies, economies of scale, better technology integration and the same has resulted in uniform improvement across all key financial parameters," Chaudhary added. In the biggest consolidation exe

PSU

TREND | 03 Dec 2024

Motilal Oswal Reiterates 'Buy' On Indian Bank On Reasonable Valuations

NDTV Profit

Stocks to Buy: Indian Bank remains Motilal Oswal's preferred stock among the mid-size PSU banks.

PSU

TREND | 30 Nov 2024

HDFC, Kotak & IndusInd: Will the private bank triumvirate regain their power?

Business Line

TABLES TURNED.These stocks are facing competition from attractively valued Public Sector Banks that have improved their financials

PSU

TREND | 27 Nov 2024

Here's why this PSU bank share was up 3% on November 27; details inside

Business Standard

The up move in Indian Overseas Bank scrip came after the company announced that it has received tax refunds of Rs 1,238.31 crore from the Income Tax Department (I-T Department)

PSU

TREND | 26 Nov 2024

Arbitral tribunal rejects Zee Entertainment's claims against PSU RailTel

Business Standard

Zee Entertainment and its subsidiary Margo Networks have lost their claims in the arbitration against Navratna PSU RailTel Corporation of India. An arbitration tribunal -- formed over the dispute over the termination of the contract for content-on-demand (COD) by the PSU -- rejected the claim of Margo Networks. "This is to inform you that the Arbitral Tribunal vide its Arbitral Award has rejected the said claims filed by the Company and Margo against Railtel," according to a regulatory filing from Zee Entertainment. Zee Entertainment Enterprises Ltd (ZEEL) and its subsidiary had initiated arbitration proceedings, opposing "wrongful termination of the Content on Demand Agreement" by Railtel, and claimed the amounts wrongfully forfeited by the public sector undertaking. Further, the Arbitral Tribunal has also rejected the counterclaims made by Railtel, it added. "The company is evaluating the option of filing an application/appeal before the appropriate Court for setting aside of th

SBI, M&M and Hindalco poised for double-digit returns in 2025: Rahul Shah

Economic Times | 26 Nov 2024

PSU

TREND | 26 Nov 2024

Centre committed to enhancing credit flow in economy, says DFS Secretary Nagaraju

Business Line

Public sector banks will in next 3-4 months launch several products for this purpose, says senior Finmin Official

Public sector banks prepare to open AT-1, Tier-2 bond floodgates

Business Standard | 25 Nov 2024

PSU

TREND | 26 Nov 2024

Market rally continues on political optimism and positive global cues

Business Line

Sectoral performance showed mixed trends, with PSU Bank index being a standout performer

PSU

TREND | 25 Nov 2024

PSU stocks rally; RITES, Indian Bank, Bharat Dynamic, RVNL surge up to 13%

Business Standard

At 10:20 AM, the BSE PSU index, the top gainer among sectoral indices, was up 3.5 per cent at 19,856, as compared to the 1.5 per cent rise in the BSE Sensex

PSU

TREND | 25 Nov 2024

Largecaps and select PSUs to offer great value as markets stabilise: Sandip Sabharwal

Economic Times

So, I would still be somewhat careful on the railway PSUs because there, there should be some stalling of capex. But on defence PSUs, some of the financials, etc, or even some of the shipyards which got sold off more than 50%, we could see bounce back coming there.