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PSU

TREND | 24 Jun 2024

This PSU industrial minerals stock has zoomed over 100% since April

Business Standard

Shares of MOIL hit a new high of Rs 565.80, surging 9% on the BSE in Monday's intra-day trade amid heavy volumes

Marching in lockstep: PSU giants roar back, match Nifty's decade returns

Business Standard | 23 Jun 2024

PSU

TREND | 22 Jun 2024

PSUs engine of growth, development, says Union Minister Jitendra Singh

Business Standard

Union Minister Jitendra Singh on Saturday said the country's public sector undertakings have lived up to the global benchmarks and they are the engine of its growth and development. Addressing an event here, he said "India, today excels in most of the global benchmarks, in some areas it is at par with other big nations, whereas in other areas it is much ahead of them." Singh, the Minister of State for Personnel, praised the public sector undertakings (PSUs) for their consistent contribution to the Indian economy and being the engines of growth and development. The rise of the Indian economy has been possible due to the contribution of the PSUs, he said. The PSUs have lived up to the global benchmarks and standards, the minister said. "It is due to their unparalleled efforts that India has risen in the global innovation index. Today, it is ranked 40 worldwide, ahead of many economies of comparable size, whereas it was at rank 81 in 2014," Singh was quoted as having said in a statem

PSU

TREND | 21 Jun 2024

Tamil Nadu Targets Rs 8.08 Lakh Crore For Priority Sector Lending In FY25

NDTV Profit

Public sector Indian Overseas Bank was the convenor of the 178th edition of the State Level Bankers' Committee meeting which was held under the chairmanship of Thennarasu, a press release said.

PSU

TREND | 20 Jun 2024

SBI To Coal India: PSUs To Continue 'Admirable Comeback', Says Motilal Oswal

NDTV Profit

Profitability of PSUs is likely to improve across domestic and global cyclicals, with PSU Banks driving the overall trend, it said.

Indian PSUs Back With A Vengeance: Motilal Oswal

NDTV Profit | 20 Jun 2024

PSU

TREND | 19 Jun 2024

New bubble? Why are smallcaps and PSU stocks rebounding strongly from June 4 lows? Ashwini Agarwal answers

Economic Times

Ashwini Agarwal says he cannot get himself to agree that the PSU valuations have become quite eye-popping and leave no room for further upside. But bubbles have their own mind and bubbles can get a lot bigger before they burst. So, there may be a lot of upside.

PSU

TREND | 17 Jun 2024

FSIB suggests 5 chief general managers for position of EDs in PSU banks

Business Standard

The Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions, on Monday recommended the elevation of five chief general managers for the post of executive directors in various banks. The FSIB interviewed 57 candidates between June 13-17 for recommending suitable names for executive directors (EDs) in public sector banks (PSBs). Keeping in view their performance in the interface, their overall experience and the extant parameters, the Bureau recommends five names for the panel of EDs for year 2024-25, FSIB said in a statement. These successful Chief General Managers (CGMs) are Beena Vaheed (Union Bank of India), Rajeeva (Punjab National Bank), S K Majumdar (Canara Bank), D Surendran (Canara Bank) and Amit Kumar Srivastava (Punjab National Bank). "The names are in the order of merit. This panel will be operated in the financial year 2024-25, subject to availability of vacancies in the panel Year 2024-25," it said. Th

PSU

TREND | 17 Jun 2024

Are PSU mutual funds a good investment option?

Business Standard

PSU mutual funds can be a good investment option for investors looking to gain exposure to the public sector

PSU

TREND | 17 Jun 2024

Public sector banks maintain significant lead in Indian banking landscape

Business Line

The SBI report indicates that PSBs hold over 50% of the market share, branches, and ATMs, and maintain a significant lead in terms of total deposits and credit cards issued

PSU

TREND | 16 Jun 2024

CII President Sanjiv Puri says budget must give rural capex boost, tackle weak consumption

Business Line

CII President Sanjiv Puri in an interview with businessline says that Centre must take steps to implement the announced privatisation of Public Sector Banks and should stick to fiscal consolidation glide path

PSU

TREND | 13 Jun 2024

Will Modi 3.0 spur rally in PSU stocks again? Selectively, say analysts

Business Standard

PSU stocks to buy: Analysts caution that premium valuation of PSU stocks may lead to limited upside from here

Coal India gains 113% in 10 months, up 235% in 3 years; what lies ahead for this PSU …

livemint | 13 Jun 2024 2 more