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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.

PSU

TREND | 24 Oct 2024

PSUs fizzle out over unrealistic valuations, sluggish earnings

Economic Times

Nineteen out of 64 non-banking stocks have plunged between 40% and 55% from their yearly highs, while another 28 have declined by 30% to 40%. Overall, 64 state-owned corporates have lost nearly 8 lakh crore in market capitalisation since August 1, the day the BSE PSU index hit an all-time high.

PSU

TREND | 22 Oct 2024

Mastek To Tap Public Sector Clients In US, UK For Growth In Second Half

NDTV Profit

Agarwal attributed Mastek's order book buildup to the company signing high-value orders, especially in the UK's public sector.

PSU

TREND | 22 Oct 2024

CPSE dividend likely to cross record FY24 tally; Rs 29K cr in kitty so far

Business Standard

Govt may garner Rs 65,000 crore in FY25

PSU

TREND | 20 Oct 2024, 11:29AM

PM's Internship Scheme included in common theme for CPSEs CSR spend in FY25

Business Standard

The Government has revised the CSR guidelines for CPSEs by including PM's Internship Scheme as the common theme for the current fiscal, an official said. Currently, Central Public Sector Enterprises (CPSEs) follow a theme-based approach in utilising their Corporate Social Responsibility (CSR) funds. CPSEs have to spend 60 per cent of their CSR funds on the theme set for a particular year. "We have added PM's Internship Scheme to 'Health and Nutrition' as the common theme for CSR activities by the CPSEs for 2024-25. CPSEs will spend 60 per cent of their CSR funds towards 'health and nutrition' and PM's Internship Scheme this fiscal," an official told PTI. The Ministry of Corporate Affairs, earlier this month, started enrolling companies as well as interns under the Prime Minister's Internship Scheme. Over five years, the scheme envisages providing internships to 1 crore youth. Under the pilot project, which is estimated to cost around Rs 800 crore, the 12-month long internship will

PSU

TREND | 15 Oct 2024

Iron & Steel, Housing Finance, and PSU Banks among most undervalued PSU sectors: Value Stocks

Economic Times

Value Stocks research found that 16 out of 26 PSU subgroups are undervalued. Iron & Steel, Housing Finance, and PSU Banks are highlighted as undervalued sectors with attractive investment opportunities.