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TREND | 17 Sep 2024

Nifty Financial Services in 'overbought' zone; PSU Bank eyeing pullback

Business Standard

Stock market trading strategy: The NIFTY PSU Bank Index is currently showing a downtrend in the near term, indicating a temporary pullback within its overall long-term bullish trend

PSU

TREND | 13 Sep 2024

Parl panel to check insurance sector PSUs, solar corporations's performance

Business Standard

A parliamentary panel, mandated to examine accounts of central public sector undertakings, will scrutinise the performance of insurance sector PSUs and solar power corporations. The Committee on Public Undertakings (CoPU) will also examine the performance of the National Scheduled Castes Finance and Development Corporation (NSFDC). The panel headed by BJP's Baijayant Panda will also evaluate the performance of Sagarmala Development Company Limited (SDCL). With the government's push for renewable energy as the engine of growth, the parliamentary committee will hold a comprehensive performance of Solar Energy Corporation of India Limited (SECI), according to the list of subjects selected by it. The committee selects from time to time for examination such PSUs or subjects as it deems fit. The ministry or the undertaking concerned is asked to furnish necessary material relating to those subjects for information of the members.

PSU

TREND | 12 Sep 2024

Maritime Development Fund may set sail with foreign kitty, PSU push

Business Standard

Centre looking for equity commitments to the Rs 30,000 crore maiden fund

PSU

TREND | 12 Sep 2024

Indian Oil to provide scholarships, medical insurance to para athletes

Business Standard

Public Sector Undertaking (PSU), Indian Oil Corporation on Thursday promised to provide monthly scholarships and medical insurance to the country's para athletes after their stupendous show at the just-concluded Paris Paralympics. The Indian contingent made history by securing 29 medals, including seven gold, nine silver and 13 bronze, marking the nation's best-ever performance at the Paralympics in Paris. Pankaj Jain, secretary, Ministry of Petroleum and Natural Gas, expressed his admiration for the para athletes and announced that Indian Oil will be further enhancing its support by introducing monthly scholarships, medical insurance, and sports kits for para athletes. "This historic performance is a testament to the resilience and determination of our para athletes," V Satish Kumar, Chairman and Director (Marketing), IndianOil, said during a felicitation function here on Thursday. "IndianOil is proud to have supported them on this incredible journey, and we remain committed to ..

PSU

TREND | 12 Sep 2024

NBCC, MTNL sign pact for Rs 1,600 cr worth housing-cum-commercial project

Business Standard

State-owned NBCC (India) Ltd has signed an initial pact to develop a Rs 1,600-crore worth housing-cum-commercial project on a 14-acre land parcel owned by MTNL on Pankha Road in the national capital. In a statement on Thursday, NBCC said that it has signed a Memorandum of Understanding (MoU) with Mahanagar Telephone Nigam Ltd (MTNL) to collaborate and "develop a prominent land parcel of MTNL measuring approximately 13.88 acres located on Pankha Road, New Delhi." This project aims to transform the land into a state-of-the-art residential/ commercial space, leveraging the expertise and resources of both organizations. "The project is valued at Rs 1600 crore approximately," NBCC said. The MoU was signed in the presence of K P Mahadevaswamy, CMD, NBCC, A Robert J. Ravi, CMD, MTNL. MTNL, a leading public sector telecommunications company and NBCC, a Navratna enterprise under the Ministry of Housing & Urban Affairs, have committed to this development project. "NBCC will act as the...

PSU

TREND | 11 Sep 2024

BEL secures orders worth 1,155 cr

Business Line

The Bengaluru-based PSU received an Rs 850 crore order from Cochin Shipyard Ltd

PSU

TREND | 10 Sep 2024

PSU oil majors power up EV revolution with charging network expansion in FY24

Business Line

Collectively, companies established nearly 17,000 charging stations nationwide with further acceleration expected in the coming years

PSU

TREND | 09 Sep 2024

Nifty PSU Bank index dips below 200-DMA after more than 2 years; what next?

Business Standard

The PSU Bank index had zoomed 200% to a high of 8,053 after breaking above its 200-DMA in July 2022. At present, most PSU Bank stocks, barring SBI, are trading below this long-term moving average.

PSU

TREND | 06 Sep 2024

Dharmesh Shah on 2 top stock recommendation from pharma sector

Economic Times

I think in the short term they remain to be under pressure, no doubt about that. But we believe I think there is a long way to go for PSU banks. Definitely in the near-term there will be pressure, but yes, from the medium-term perspective one should definitely look for buying opportunity for most of these largecap stocks.

PSU

TREND | 05 Sep 2024

RVNL's New Factory In Maharashtra To Produce 1,920 Vande Bharat Sleeper Coaches

NDTV Profit

The Navratna CPSE under the Ministry of Railways also highlighted that the project will boost employment and skill development in the region.

Karnataka govt retracts order against SBI, PNB after Rs 22.67 cr repayment

Business Standard | 05 Sep 2024 1 more