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TREND | 11 Nov 2024

National Fertilizers Q2 result: Navratna PSU firm posts profit of 12 crore; total income falls 23% YoY

livemint

National Fertilizers reported a consolidated net profit of 12.07 crore for Q2 September 2024, a significant turnaround from a loss of 87.10 crore in the same quarter last year and a loss of 8.7 crore in Q1FY25.

PSU

TREND | 11 Nov 2024

This PSU telecom equipment share price has zoomed over 50% in one week

Business Standard

The stock price of the state-owned telecom equipment company was trading at its highest level since January 2024. It had hit a record high of Rs 384.35 on January 17, 2024

PSU

TREND | 08 Nov 2024

PSUs cannot unilaterally appoint arbitrators in disputes with pvt firms: SC

Business Standard

PSUs will need to modify contracts to comply with the ruling

PSU

TREND | 08 Nov 2024

ONGC, HAL, SJVN: 5 PSU stocks that can rally up to 25% by year-end

Business Standard

PSU stocks such as ONGC, HAL, Oil India, SJVN and BEL have retraced up to 50% of its previous rally; tech charts indicate that as long as the recent lows are protected a bounce back seems likely.

PSU

TREND | 07 Nov 2024

Emerging Technology Key Priority For Government, Public Sector Despite Skills Shortages

NDTV Profit

In a survey of public sector technology professionals, 85% are prioritising emerging technologies over maintaining legacy ones.

PSU

TREND | 06 Nov 2024

Public sector bank heads at BS BFSI Summit: The best is still to come

Business Standard

Heads of public sector banks discuss the present and future of the banking sector in conversation with consulting editor Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit

PSU

TREND | 28 Oct 2024

NTPC Green to SGEL: Govt puts listing of CPSEs' green units in fast lane

Business Standard

NTPC Green Energy, SGEL, NLC India Green Energy may see IPOs by FY25-end

PSU

TREND | 26 Oct 2024

Need to reduce carbon emissions for net zero by 2070: Minister Khattar

Business Standard

Union Minister Manohar Lal on Saturday called for steps to reduce carbon emissions to meet the commitment of achieving net zero target by 2070. At present, the focus is on solar and wind energy and all the states were moving in this direction, the Power and Housing & Urban Affairs Minister, said. "We have to reduce the carbon emissions to reach the net zero by 2070," Manohar Lal told reporters after chairing a review meeting with the officials of Tamil Nadu Municipal Administration, TWAD, TUFIDCO, and power sector CPSEs, here. "Today, I was on a tour of two states - Puducherry and Tamil Nadu... We have requested that renewable energy plants be set up in all the states," the Minister said. During the review, certain demands like strengthening transmission line under the Revamped Distribution Sector Scheme (RDSS) and the prepaid system in smart metering be done in phases, were raised. "Given these demands, if we have to make some changes in the policy, we will do it," Manohar Lal...

PSU

TREND | 25 Oct 2024

NCLAT rejects travel agents' plea alleging govt anti-competitive practices

Business Standard

The NCLAT on Friday upheld a CCI order that rejected a plea by the Travel Agents Association of India (TAAI) alleging anti-competitive practise by the government by exclusively using the services of their own agencies. A three-member bench also imposed a cost of Rs 5 lakh, observing that Government of India cannot be considered as an enterprise. The case pertains to a direction issued by the Department of Expenditure(DoE) in March 2006 to all government officials, including employees of PSU units to exclusively utilise the services of either Balmer Lawrie & Co or Ashok Travels and Tours. Balmer Lawrie & Co is a company under Ministry of Petroleum & Natural Gas while Ashok Travels and Tours is a division of state-owned India Tourism Development Corporation. Terming the directive anti-competitive, TAAI approached CCI alleging that it has restricted the market access for travel agent services for booking air tickets for the last 14 years and adversely impacted the benefits ..

PSU

TREND | 24 Oct 2024

Go overweight on pharma; buy midcap IT basket, tier II PSU banks now: Dipan Mehta

Economic Times

Pharma stocks are currently seen as a strong investment due to robust earnings potential. Midcap IT stocks are outperforming their largecap counterparts. L&T's entry into the power equipment sector might increase competition. FMCG sector growth appears slow, but niche categories may offer opportunities. Tier II PSU banks are also showing potential despite higher valuations.