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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.

PSU

TREND | 24 Nov 2024

Pick of Portfolio

Business Line

Just as the market was readying to raise its head above water, the US indictment of the Adanis on a bribery case dampened the spirits. The market-wide implications of this development seem limited. However, the negative impact may be primarily felt on the group's ability to refinance debt and attain closure for ongoing projects. Though PSU banks and financial institutions faced some fire for their Adani exposure, current exposures do not seem to be large enough to lead to a spike in their doubtful loans. Meanwhile, the markets may take cheer from the Maharashtra election verdict in favour of Mahayuti to attempt a climb-back early next week though the moves thereafter are up in the air.

PSU

TREND | 22 Nov 2024

Niti Aayog Report Urges Government To Include Coking Coal In Critical Minerals List

NDTV Profit

As per the report, the capacity utilisation of PSU washeries was less than 32% in FY23 while the washed (clean) coal yields were only 35-36%.

Heat's now on for PSU banks with Adani Group exposure

Economic Times | 22 Nov 2024

PSU

TREND | 22 Nov 2024

Sudeep Shah's top bets from PSU Banks and realty pack

Economic Times

So, I feel overall now, let us stick with that support zone of 23,500 until this zone holds, this upside could continue up to 23,800, 23,900 zone in the coming few sessions.

PSU

TREND | 21 Nov 2024

This PSU metal stock has zoomed 170% in one year; trades at new high

Business Standard

NALCO shares continued their upward movement hitting a new high at Rs 252.65, up 5% in intra-day trades and have surged 15% in the past 3 days after China said it would cancel export tax rebates.

PSU

TREND | 19 Nov 2024

IRFC, BHEL, Other PSU Stocks Surge On Revised Guidelines On Dividend Payments And Share Buybacks

NDTV Profit

Notable gainers in the BSE PSU index include Cochin Shipyard and HUDCO, whereas Nalco and SBI were the biggest laggards.