Public Sector Undertaking

  • Government plans to relax Navratna norms for PSUs September 24, 2012

    New Delhi: The government is working on a proposal to relax guidelines for granting the coveted Navratna status to public sector undertakings (PSUs). This is aimed at enhancing the valuation of such companies and help the government obtain better price at the time of any stake sale. "The Department of Public...
  • Government approves JVs by defence PSUs February 9, 2012

    New Delhi: The government on Thursday approved Defence Ministry guidelines for its public sector units (PSUs) to establish joint ventures with private firms, a step that will increase opportunities to obtain advanced technologies from foreign sources. "The Union Cabinet today approved the guidelines for establishing Joint Venture Companies by Defence Public...
  • Government to rake in Rs 25,000 cr through divestment February 26, 2010

    New Delhi: Government earnings from selling stakes in public sector enterprises will be an estimated Rs 25,000 crore during the current fiscal. The divestment is targeted to rake in Rs 40,000 crore in the next fiscal. "The government will raise about Rs 25,000 crore during the current year. Through this process,...
  • 50,000 officers of oil PSU cos go on indefinite strike January 7, 2009

    New Delhi: A majority of employees of oil firms stayed away from work at processing plants and refineries across the country on Wednesday following a strike call given by their union. The 50,000-strong oil sector officers association, covering 14 organisations, had called for a strike from 0600 hrs IST on Wednesday...