PSUs

  • Row over Indian PSUs being barred from taking part in aircraft deal 09-10-2013 08:06 AM

    New Delhi: Top UPA ministers are battling it out over a $ 3 billion aircraft deal. Heavy Industries Minister Praful Patel has taken on the UPA government over a New Defence Purchase clause. This came as the Indian Air Force (IAF) barred Indian PSUs like Hindustan Aeronautics Limited (HAL) from...
  • SC refuses to modify its earlier order on Aadhaar card 08-10-2013 02:10 PM

    New Delhi: In a setback for Centre, the Supreme Court on Tuesday maintained its order that Aadhar card is not compulsory for availing social benefits. The apex court, however, agreed to give an urgent hearing to Centre on the issue. The Centre alongwith three oil PSUs - IOCL, BPCL and...
  • CAG criticises Bihar govt for keeping funds open to market risks 01-08-2013 09:48 PM

    The Comptroller and Auditor General (CAG) has criticised the Bihar government for its "imprudent" decision to invest Rs 268.71 crore of a scheme in a mutual fund without setting up any monitoring mechanism thus exposing the scheme to market risks. The CAG report on PSUs for the year ended March...
  • Maintain growth at 8-8.5 per cent: PM 23-10-2012 09:45 PM

    New Delhi: Faced with difficult government finances, Prime Minister Manmohan Singh on Tuesday asked cash-rich 25 central PSUs to invest their surplus fund of Rs 2.5 lakh crore to reignite economic growth. In a meeting convened by the Prime Minister and also attended by Finance Minister P Chidambaram, the top...
  • Manmohan Singh to meet heads of top PSUs 23-10-2012 09:59 AM

    New Delhi: Amid the government's push to reforms, Prime Minister Manmohan Singh will meet the chiefs of PSUs tomorrow to discuss ways to push economic growth through enhanced investments, besides providing them greater autonomy and empowerment. The meeting, to be attended by 25 heads of companies, mostly Maharatnas and Navratnas,...
  • Fiscal situation likely to be better in 2012 02-01-2012 10:59 AM

    Mumbai: What a year it has been for the Indian banking sector, and the road ahead too doesn't seem to be very smooth. Every macro economic indicator got worse, perhaps worse than we have ever seen it except the six months post Lehman. Inflation has been above 9 per cent...
  • Bihar PSUs in bad shape: CAG report 20-07-2011 04:03 PM

    Patna: Fourteen working Public Sector Units in Bihar are in bad shape and have incurred an aggregate loss of Rs 1187.37 crore, according to a CAG report for the year ended March 31, 2010. The CAG report pointed out that the state had 65 PSUs as on March 31, 2010,...
  • PSUs may hike petrol price by Rs 0.50 per litre 08-06-2011 05:48 PM

    New Delhi: State-owned oil firms may hike petrol price by about Rs 0.50 per litre from June 16 as last month's steep increase in rates is not enough to cover the cost of raw material (crude oil). "If there are no (political) pressure, we would like to hike petrol price...
  • PSUs' overseas investment on fast-track approval 04-02-2011 11:07 AM

    New Delhi: The government is mulling over a fast track approval of PSUs' proposals for acquisition of natural resources like oil, coal and mines overseas, without going to the Cabinet, a top official said. An empowered committee headed by Cabinet Secretary K M Chandrasekhar will be put in place for...
  • Is bribing officials part of PSU culture? 08-07-2010 08:53 AM

    Officials of major Indian PSUs appear to be beneficiaries of bribes given by a California-based valve company. ...
  • J-K govt invokes ESMA against employees 06-04-2010 08:58 AM

    ...
  • Watch: All PSUs to be listed, says Govt 06-11-2009 01:21 AM

    Govt is disinvesting 10 pc equity in all profitable, listed, public sector firms. ...
  • PMO dilly dallying PSU bribery case, says Karat 15-10-2009 02:50 AM

    CPI-M leader Brinda Karat says the matter is a case of too little, too late. ...
  • Kingfisher owes Rs 950 cr to PSUs: Govt 20-07-2009 08:13 PM

    ...
  • Forbes India: Disinvest or perish 13-07-2009 03:22 PM

    ...
  • Budget preview: Promises to keep 05-07-2009 07:40 PM

    ...
  • Lookahead Wipes: Big news from across India 01-05-2008 11:25 AM

    Mumbai: West Indies cricket legend Vivian Richards has walked out to bat for Sachin Tendulkar amidst calls for the 'little master' to retire from international cricket. Richards, who celebrates his 60th birthday on Wednesday, told MiD DAY from Antigua: You have to be patient with him. Sachin has been around...
  • FM set to firefight with Left to get PSUs listed 24-03-2008 11:57 AM

    Mumbai: As the West Indies batsmen creamed Indian bowlers on a placid Wankhede track, off-spinner R Aswhin on Wednesday said he felt cheated since the bounce on the pitch was not at all according to his expectations. Ashwin has so far an impressive tally of 17 wickets in his debut...
  • More banks slash home, auto loan rates 05-02-2008 08:57 PM

    Kingston: West Indies had their noses slightly in front at stumps on day one of the first Test despite a fightback by India's lower middle order at Sabina Park on Monday. The hosts ended the day at 34/1, behind by 212 runs after restricting the visitors to 246 despite the...