Feb 20, 2017 at 10:54 | Source: PTI
The government is considering divesting a portion of the paid-up equity share capital through an IPO and has sought Expression of Interest (EoI) from merchant bankers by March 16.
Feb 20, 2017 at 09:31 | Source: Moneycontrol.com
Despite receiving a nod for a broad-based listing two weeks ago from its public sector bank stakeholders, namely State Bank of India, Punjab National Bank and Bank of Baroda, UTI AMC will not get listed until its fourth major PSU shareholder, LIC, agrees for a listing.
Feb 20, 2017 at 09:00 | Source: PTI
Within two weeks of the Budget announcement of listing all profitable central public sector enterprises, the Department of Investment and Public Asset Management (DIPAM) has issued guidelines detailing the mechanism and procedure for time-bound listing of CPSEs on Stock Exchanges.
Feb 16, 2017 at 21:46 | Source: PTI
Describing the 24 PSU banks as "the 70 percent problem" (in reference to the over 70percent market share of these banks), he wondered what was the need for so many state-run lenders, which is the highest in the world after China.
Feb 15, 2017 at 16:16 | Source: PTI
The government is very clear in its approach of getting all profit making central public sector enterprises (CPSEs) listed in a time-bound manner to open them up for public scrutiny and higher transparency, DIPAM Secretary Neeraj Gupta told PTI in an interview.
Feb 14, 2017 at 19:00 | Source: PTI
Under the MoU, Thales, a global technology player in aerospace, transport, defence and security markets, and BDL seek to jointly offer a 'Make in India' solution to help grow international demand for this product.
Feb 13, 2017 at 20:40 | Source: PTI
Diversified PSU Balmer Lawrie & Co today reported a net profit of Rs 26.08 crore for the third quarter ended December 31, 2016, against Rs 33.47 crore in the year-ago period.
Feb 13, 2017 at 20:29 | Source: Moneycontrol.com
Indradhanush 2.0 -- which is touted as a bigger, better avatar of its earlier trial run, may not do the job needed to bring the banks into full health. We need a force multiplier, something like Indradhanush 7.0
Feb 13, 2017 at 17:09 | Source: CNBC-TV18
SP Tulsian of sptulsian.com, who has consistently maintained a negative stance on PSU banks due to their past performance, has now after their earnings reports, become more bullish on these stocks.
Feb 13, 2017 at 12:00 | Source: Moneycontrol.com
Bank of Baroda tanked more than 8 percent on asset quality concerns despite management assured that slippages will be contained going forward.