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TREND | 14 Oct 2024

MTNL soars 9% as co plans 'not to shut shop' or go to NCLT, say reports

Business Standard

The government plans to keep MTNL as a 'going concern' as the company going to NCLT will not set the right precedent for other PSU companies

PSU

TREND | 13 Oct 2024

Coal India's Contribution To Government Drops To Rs 28,930 Crore In First Half Of FY25

NDTV Profit

In the April-September period of FY24, the PSU had paid Rs 29,122.13 crore to the government exchequer, according to provisional figures of the coal ministry.

PSU defaults, moral hazards: Can banks keep relying on govt ownership?

Business Standard | 13 Oct 2024

PSU

TREND | 12 Oct 2024

HAL now a Maharatna CPSE, announces Finance Ministry

Business Line

HAL, a Department of Defence Production (DoDP) CPSE, has an annual turnover of 28162 crore and saw a net profit of 7595 crore in FY2023-24

HAL awarded Maharatna status; Big action expected on Monday!

Business Today | 12 Oct 2024

PSU

TREND | 11 Oct 2024

J-K admin amends Civil Services Rules to set up Services Selection Board

Business Standard

The Jammu and Kashmir administration on Friday amended the Civil Services Rules to provide for the setting up of Services Selection Board for recruitment of non-gazetted staff, including Class IV employees. "There shall be constituted a Service Selected Board for making selection for recruitment to subordinate services/non-gazetted/class IV (MTS) posts borne on establishment of any department or service of the government or any Public Sector Undertaking/Government company/Corporation/Board/Organisation and body substantially owned or controlled by the government of union territory of Jammu and Kashmir," the amendment issued by the administration reads. The move has led to criticism of the LG administration for taking a decision on the matter as an elected government is about to take charge. "Just when the elected government about to be sworn in," PDP leader Naeem Akhtar posted on X in an apparent reference to the LG's order.

PSU

TREND | 11 Oct 2024

TN CM announces bonus, ex-gratia to 2.75 lakh state PSU employees

Business Standard

Tamil Nadu Chief Minister M K Stalin has announced a bonus and ex-gratia for 2.75 lakh employees of state public sector undertakings and statutory boards for the 2023-24 fiscal. Accordingly, all eligible workers of profit making PSUs under group C and D will be paid a minimum bonus of Rs 8,400 and a maximum of Rs 16,800, amounting to 8.33 per cent bonus and an ex-gratia of 11.67 per cent, an official release here said. The employees of the PSUs lacking allowable surplus will be paid a bonus of 8.33 per cent and an ex-gratia of 1.67 per cent. "The Tamil Nadu chief minister on October 10 ordered payment of bonus and ex-gratia to a total of 2,75,670 workers of state PSUs ahead of the festive (Diwali) season," the release said, and added that the move would entail the government an expenditure of Rs 369.65 crore. The workers and employees of TANGEDCO, state transport undertakings, Tamil Nadu Civil Supplies Corporation, and Cooperative Milk Producers' Federation will be paid 20 per cent

PSU

TREND | 10 Oct 2024

TN announce Diwali bonus for PSU workers

Business Line

The State exchequer would incur an expenditure of 370 crore

PSU

TREND | 09 Oct 2024

RITES share price: 'Navratna' stock soars 8% on MoU with Etihad Rail

Business Standard

The MoU aims to explore cooperation and synergise strengths in developing railways and related infrastructure services in the UAE and wider region

PSU

TREND | 08 Oct 2024

What should long term investors do in current market scenario? Daljeet Kohli answers

Economic Times

Good part is that in terms of our portfolio, we were already positioned towards things which were at reasonable valuation. So, we have avoided PSUs, railways, defence, those kind of stocks. We do not own in our portfolio for quite some time now.

PSU

TREND | 07 Oct 2024

RVNL, RITES, SAIL decline up to 8% in weak market; BSE PSU index slips 3%

Business Standard

PSU stocks were under pressure amid wider weakness in the market, with the BSE Sensex and Nifty 50 declining nearly 1% each

PSU

TREND | 04 Oct 2024

Nifty PSU Bank index rises 2% after Bank of Baroda posts steady Q2 numbers

Business Standard

Analysts at Elara Capital said no significant asset quality challenges and steady growth may ensure rerating for some PSU banks (after recent correction) on earnings stability.