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Psu Public Sector Undertakings

PSUs Asked To Issue LoCs Based On Their Financial Strength

Issuance of LoCs based on own financial strength is a part of regular business practice. It enables these entities to raise resources at competitive rates for their capex or working capital needs as well as furthering the...

20 March 2023

Wheat flour

FCI Sells 8.88 Lakh Tonne Wheat To Bulk Consumers On First Day Of E-Auction

On the first day, it offered for sale about 22 lakh tonne of wheat against the earmarked 25 lakh tonne under OMSS

02 February 2023

Coal India Arm MCL To Set Up Rs 12,000-Crore Power Plant In Odisha

Coal India Arm MCL To Set Up Rs 12,000-Crore Power Plant In Odisha

The government is also advising the company to go for diversification "so they are definitely with us", Singh explained

23 January 2023

BSNL To Soon Launch Indigenously Developed 4G Services

This will be the world-class 4G services, and in a very short span of time, BSNL will go into 5G services

04 February 2023

Budget 2023-24

Budget 2023-24: Finance Ministry To Stick To Privatisation Of Already Announced CPSEs Next Fiscal

In the current fiscal, the government had budgeted to collect Rs 65,000 crore from disinvestment

29 January 2023

Ashwini Vaishnaw

Indigenously-Developed 5G, 4G Tech Roll Out This Year, Will Offer To World Next Year: Ashwini Vaishnaw

Referring to the Covid-19 pandemic and its impact, Vaishnaw said in the last two years the world has seen a very turbulent period which has never been there for more than a century but the response in many geographies to it...

23 January 2023

SBI, Bank Of Baroda Not Concerned About Adani’s Asset Quality, Say Their Exposure Is Manageable

RBI says all the exposure values of a bank to a group of connected counterparties must not be higher than 25 per cent of the bank's available eligible capital base at all times

03 February 2023

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About 18 Lakh People Benefitted From Mine Water

About 18 Lakh People Benefitted From Mine Water: Coal Ministry

As directed by the ministry, coal PSUs are taking several steps for conservation and efficient use of mine water by supplying the same in the command areas for community usages such as drinking and irrigation

14 January 2023

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10 January 2023
Indian Overseas Bank Revises Interest Rates

Indian Overseas Bank Revises Interest Rates

Indian Overseas Bank said the interest rate on foreign currency deposits have also increased by up to 100 basis points with effect from Tuesday


04 January 2023
RailTel Ties Up With Tech Firm To Monetise Wi-Fi Project Covering Over 6,100 Stations

RailTel Ties Up With Tech Firm To Monetise Wi-Fi Project Covering Over 6,100 Stations

Under the contract, the revenue will be generated by monetising Wi-Fi footfalls in one of the world’s largest integrated public Wi-Fi networks through...


04 January 2023
State-Run Lenders On Way To Achieve Rs 1 Lakh Crore Profitability, Here Is How PSU Banks Emerged From Losses

State-Run Lenders On Way To Achieve Rs 1 Lakh Crore Profitability, Here Is How PSU Banks Emerged From Losses

PSBs booked collective losses to the tune of Rs 2,07,329 crore for five straight years—from 2015-16 to 2019-20


03 January 2023
Government Exempts PSUs From Minimum Public Float Rules

Government Exempts PSUs From Minimum Public Float Rules

The exemption would apply on these entities regardless of the government's direct or indirect holding


27 December 2022
Ensure Adequate Opportunities For Tamils In Central Government Offices, PSUs In The State: TN CM To Modi

Ensure Adequate Opportunities For Tamils In Central Government Offices, PSUs In The State: TN CM To Modi

Writing to Prime Minister Narendra Modi, Stalin said a memorandum had been submitted to the former last year, following that up with a letter flagging the...


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13 November 2022
Army Design Bureau's Regional Technology Node Is To Be Launched In Bengaluru Tomorrow

Army Design Bureau's Regional Technology Node Is To Be Launched In Bengaluru Tomorrow

In Bengaluru, the Army Design Bureau (ADB) is setting up a Regional Technology Node (RTN) of the Army Design Bureau (ADB).


17 October 2022
Centre Notifies 12% Wage Hike For Employees Of PSU General Insurers

Centre Notifies 12% Wage Hike For Employees Of PSU General Insurers

According to the rules of this wage hike, the next revision, which is due from August, 2022 will be in the form of variable pay and based on the performance of...


10 October 2022
Mirae AMC launches 2 Target Maturity Index Funds; NFOs Open Today—Know Key Features

Mirae AMC launches 2 Target Maturity Index Funds; NFOs Open Today—Know Key Features

Mirae Asset Mutual Fund unveils target maturity index funds: Mirae Asset Nifty AAA PSU Bond Plus SDL April 2026 50:50 Index Fund and Mirae Asset CRISIL IBX...


30 September 2022
What Are Target Maturity Funds? Are They Better Alternatives To Passive Index Funds?

What Are Target Maturity Funds? Are They Better Alternatives To Passive Index Funds?

Target Maturity Funds are passive debt funds which invest in government and PSU bonds; hence, they offer returns with minimal risk. However, fluctuating...


15 September 2022
93% Indians Say No To Govt, PSU Convenience Fee; 75% Say Hinders Digital India Growth

93% Indians Say No To Govt, PSU Convenience Fee; 75% Say Hinders Digital India Growth

A recent consumer focussed survey has revealed that a huge majority of Indians want the government and public sector undertakings to do away with convenience...


29 July 2022
Canara Robeco Mutual Fund To Launch Banking And PSU Debt Fund, NFO To Open Tomorrow

Canara Robeco Mutual Fund To Launch Banking And PSU Debt Fund, NFO To Open Tomorrow

Canara Robeco announces banking and PSU debt fund. New fund offer to remain open till August 29, 2022


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05 May 2022
Is This The Right Time To Get A ‘Fixed Rate’ Loan?

Is This The Right Time To Get A ‘Fixed Rate’ Loan?

As the central bank has increased the repo rate, the interest rates on loans are set to rise. In such a scenario, would a ‘fixed rate’ loan be a good deal?...


04 May 2022
LIC IPO Opens Today: Fund Managers Invested Heavily; Should You?

LIC IPO Opens Today: Fund Managers Invested Heavily; Should You?

LIC’s IPO opened for anchor investors on May 2, 2022. As many as 99 mutual fund schemes invested over Rs 4,000 crore in the IPO. Should you invest too?


20 March 2022
Diesel Price Hiked By Rs 25/Litre For Bulk Users; Private Retailers Stare Closure

Diesel Price Hiked By Rs 25/Litre For Bulk Users; Private Retailers Stare Closure

In 2008, Reliance Industries had shut all of its 1,432 petrol pumps in the country after sales dropped to almost nil as it could not match the subsidized price...


15 March 2022
Pawan Hans Divestment Likely In A Couple Of Months: Report

Pawan Hans Divestment Likely In A Couple Of Months: Report

Pawan Hans has a fleet of over 40 helicopters and almost 900 employees, including 450 who are on the permanent rolls


09 March 2022
Union Cabinet Approves National Land Monetisation Corp

Union Cabinet Approves National Land Monetisation Corp

NLMC will be set up as a wholly-owned government of India company with an initial authorized share capital of Rs 5,000 crore and paid-up share capital of Rs...


06 March 2022
Braithwaite Bets On Domestic Demand For Wagons After Russia-Ukraine Conflict Hits Export Bid

Braithwaite Bets On Domestic Demand For Wagons After Russia-Ukraine Conflict Hits Export Bid

The PSU under the Ministry of Railways was negotiating with Ukraine to secure an order of 5,400 wagons, the largest export bid for the company. 


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