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TREND | 09 Sep 2024

Nifty PSU Bank index dips below 200-DMA after more than 2 years; what next?

Business Standard

The PSU Bank index had zoomed 200% to a high of 8,053 after breaking above its 200-DMA in July 2022. At present, most PSU Bank stocks, barring SBI, are trading below this long-term moving average.

PSU

TREND | 06 Sep 2024, 01:23PM

Dharmesh Shah on 2 top stock recommendation from pharma sector

Economic Times

I think in the short term they remain to be under pressure, no doubt about that. But we believe I think there is a long way to go for PSU banks. Definitely in the near-term there will be pressure, but yes, from the medium-term perspective one should definitely look for buying opportunity for most of these largecap stocks.

PSU

TREND | 05 Sep 2024, 04:10PM

RVNL's New Factory In Maharashtra To Produce 1,920 Vande Bharat Sleeper Coaches

NDTV Profit

The Navratna CPSE under the Ministry of Railways also highlighted that the project will boost employment and skill development in the region.

Karnataka govt retracts order against SBI, PNB after Rs 22.67 cr repayment

Business Standard | 05 Sep 2024 1 more

PSU

TREND | 05 Sep 2024

Is the long-term bull market in PSU stocks over? Sandeep Tandon answers

Economic Times

So, the key message is that keep analysing yourself, analyse your mistakes, and then you have willpower to learn from that and rectify that, that is the important learning I have seen from most of the veterans people.

PSU

TREND | 04 Sep 2024

PSU Market Cap Grows Nearly Three-Fold As Bulls Takes Centerstage In Charts

NDTV Profit

The PSU basket's heft has increased as the market capitalisation of 55 companies went past Rs 70 lakh crore in June.

PSU

TREND | 02 Sep 2024

Centre allows private bids for salt land transfer if states, CPSEs opt out

Business Standard

The Centre on Monday modified the guidelines for transfer of government-owned salt lands, providing for online auction under which the private sector can participate in case there are no takers from CPSEs, or states at the applicable rates. As per the revised guidelines, the land can be allocated for welfare measures, such as slum re-development, affordable housing and PM-Awas Yojana, and for the purpose of schools and colleges, lands can be transferred to CPSEs (central public sector enterprises), states and their enterprises at 25 per cent of the circle rate. These norms were issued in supersession of the internal policy guidelines-2012, after the approval of the Cabinet. "Online auction with the participation of private parties may be held in case CPSEs, state governments or their PSEs are not willing to take such lands at the applicable rates," the guideline said. The reserve price for such land parcel will be fixed through an approved valuer with reference to the circle rate .

PSU

TREND | 02 Sep 2024

BPCL Pays Rs 2,413 Crore Dividend To Government

NDTV Profit

In the current financial year 2024-25, the government has collected a total of Rs 15,389.14 crore in dividends from CPSEs.

SJVN, NHPC, RailTel Shares Gain After Navratna Tag

NDTV Profit | 02 Sep 2024

PSU

TREND | 02 Sep 2024

Govt receives about Rs 2,413 cr as dividend tranche from BPCL: Dipam secy

Business Standard

The government has received about Rs 2,413 crore in dividends from oil PSU BPCL, the Department of Investment and Public Asset Management (DIPAM) said on Monday. "Government has received about Rs 2,413 crore from BPCL as dividend tranche," DIPAM Secretary Tuhin Kanta Pandey said in a post on X. In the current financial year 2024-25 so far, Rs 15,389.14 crore has been received through dividends from the CPSEs. This includes Rs 5,091 crore from Indian Oil Corp (IOC), Rs 40 crore from Electronics Corporation of India Ltd (ECIL), Rs 554 crore from Power Finance Corp, and Rs 3,443 crore from Telecommunications Consultants India Ltd (TCIL) as special dividend. In the current fiscal, the government has budgeted to collect Rs 56,260 crore as dividends from public sector enterprises, up from Rs 50,000 crore in the 2023-24 fiscal. Separately, the country's largest insurer Life Insurance Corporation (LIC) paid a dividend of Rs 3,662.17 crore for FY24 last week. This amount is in addition to

Govt to amend CPSE capital restructuring guidelines for dividend payment

Business Standard | 01 Sep 2024 1 more

PSU

TREND | 02 Sep 2024

SJVN, RailTel, NHPC get 'Navratna' status; stocks rise up to 5.2%

Business Standard

SJVN, NHPC and RailTel shares climb after government grants 'Navratna' status

PSU

TREND | 01 Sep 2024

PSU stocks' dream-run lose steam on earnings slowdown, valuation concern

Business Line

In the last one year, PSU stocks have witnessed a sharp rally riding on bullish sentiments and monopoly business