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TREND | 12 Jul 2024

Power PSUs Hold Value At Current Valuations, Says Emkay's Manish Sonthalia

NDTV Profit

Power generation, distribution, transmission, and the entire value chain has a long runway for growth for the next five to 10 years, he said.

PSU

TREND | 11 Jul 2024

GeM procurement hits Rs 1.24 trn in Q1, set to be world's largest in FY25

Business Standard

With the procurement of goods and services through government's portal GeM crossing Rs 1.24 lakh crore in first quarter of 2024-25, the platform will become world's largest by the end of this fiscal, a senior official said on Thursday. The Government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all central government ministries and departments. "GeM has clocked a gross merchandise value of Rs 1,24,761 lakh crore at the end of first quarter, representing a quarter-on-quarter growth of 136 per cent over last year's Rs 52,670 crore," GeM CEO Prashant Kumar Singh told reporters here. He said that going by this pace, it will become the world's largest platform. South Korea's KONEPS is the largest such platform in the world. GeM stands at the second position. It is followed by Singapore's GeBIZ. He added that the procurement by central ministries including CPSEs surpassed Rs 1 lakh crore milestone in this period with ministries of c

Four PSU banks present dividend cheques worth Rs 6,481 cr to govt

Business Standard | 10 Jul 2024

PSU

TREND | 11 Jul 2024

Kotak MF launches BSE PSU Index Fund; currently comprises 56 PSU stocks

Business Standard

BSE PSU Index has doubled in the last one year, owing to strong momentum in PSU stocks

PSU

TREND | 10 Jul 2024

India Economy Watch - Public Sector Capex Back To The Pre-Covid High In FY24P: Motilal Oswal

NDTV Profit

and is likely to sustain in FY25BE

PSU

TREND | 09 Jul 2024

Non-life insurance companies report 13.7% growth in premiums in Q1 FY25

Business Standard

Non-life insurers include general insurance companies, standalone health insurance companies, and specialised PSU insurers

PSU

TREND | 09 Jul 2024

ACC approves appointment of 8 EDs in Public Sector General Insurance Cos

Business Line

Appointments Committee of the Cabinet (ACC) has approved the appointment of eight General Managers of Public Sector General Insurance Companies (PGICs) as Executive Directors

PSU

TREND | 08 Jul 2024

Harshit Kapadia is gung-ho on capital goods & defence; betting on 5 stocks

Economic Times

Harshit Kapadia of Elara Securities prefers Hindustan Aeronautics, Bharat Electronics (PSU) and Data Patterns, Astra Microwave, Zen Technologies (private). Modi's Russia visit for defense ties boosts small arms and air defense. Hindustan Aeronautics tops Kapadia's list. Indigenization, order books, manufacturing, shipbuilding timelines (6-11 years), and fighter aircraft offer valuation gaps for PSU stocks.

PSU

TREND | 05 Jul 2024

HAL looks to build light helicopters to develop medium chopper expertise

Business Standard

The second and concluding part of the series on India's indigenous aerospace industry traces HAL's strategy to retain its position as the country's top-performing defence PSU

PSU

TREND | 05 Jul 2024

India logs all-time high defence production value at over Rs 1.26 trillion

Business Standard

According to an official press release by the defence ministry, 79.2 per cent of the production was undertaken by the DPSUs and the other PSUs while 20.8 per cent by the private players

PSU

TREND | 01 Jul 2024

UCO Bank Refutes Reports Of Government Merger Plans with Three PSU Banks

NDTV Profit

The bank said all decisions relating to merger is under the purview of the government, which owns 95.39% stake.

This PSU shipbuilding stock has zoomed 100% in less than one month

Business Standard | 01 Jul 2024