A report by the country's top audit body, tabled in the just-concluded session of the Assembly, shows tardy performance of the state's PSUs.
The Rail Vikas Nigam Limited (RVNL), a railway PSU, has been entrusted with the task of undertaking the final survey for rail connectivity to Chardham - Gangotri, Yamunotri, Badrinath and Kedarnath - through Dehradun and Karanprayag.
"To get higher returns from GoI (Government of India) investments, DIPAM asks CPSEs to follow guidelines on capital restructuring and expedite exemption proposals," DIPAM Secretary Neeraj Kumar Gupta tweeted.
In an interview to CNBC-TV18, Sandeep J Shah, Associate Director of Motilal Oswal Private Wealth Management shared his readings and outlook on specific stocks and sectors.
Coal India paid Rs 12,353 crore as dividend in FY17, a 190 percent payout compared to its net profit in the first nine months of the year. Other state owned firms like NMDC, Nalco, ONGC, NHPC and Bharat Electronics have announced huge dividends in the last two years.
As of 1425 hours, as against 7.73 crore shares offered to institutional buyers, bids came in for over 12.60 crore shares. The share sale for today will continue till the close of market hours.
Commerce Ministry today said it has spent Rs 2,454 crore under various plan schemes, which is 99.45 percent of the allocation -- the highest in last five fiscals.
Steel Minister Chaudhary Birender Singh said the country's steel output is at around 120 million tonnes and the government is aiming to achieve 300 million tonnes by 2030.
The MoU was signed between senior officials of the two companies in the presence of TSRTC Managing Director G V Ramana Rao at Bus Bhavan here, an official release said.
The companies listed so far include National Textile Corporation, Fertilisers and Chemicals Travancore, Hindustan Antibiotics, Scooters India and Hindustan Fluorocarbons.
Under the agreement with the Bengaluru-based R&D laboratory, MIDHANI will process nickel titanium shape memory alloys (NiTi-SMAs) on exclusive basis for engineering and bio-medical applications, a release said here.
The centre has jumped to the rescue of state-owned oil companies Oil India andONGC, who are liable to pay royalty dues to states of Assam and Gujarat.
UP Power Corporation has raised Rs 6,510 crore by issuing bonds on private placement basis through BSE's electronic book mechanism, making it the highest ever fund raising by a PSU on such platform.
"The response to recent disinvestment offers has been very good. It seems the disinvestment target for the current fiscal may be exceeded," one of the officials said.
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.
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.
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.
Bank of Baroda tanked more than 8 percent on asset quality concerns despite management assured that slippages will be contained going forward.
Private banks had been outperforming due to stress in public banks. But state-run banks are now regaining strength, and Harendra Kumar of Elara Capital says it is time for private banks to step up their game.
ONGC's USD 2.475 billion purchase of Videocon Group's 10 per cent stake in a giant Mozambique gas field has come under the Oil Ministry's scanner following allegations that the PSU may have overpaid about USD 200 million, charges that the company vehemently denied.
The Railway Ministry's plan to form a holding company to divest 14 railway PSUs is likely to take a backseat as NITI Aayog is not in favour of the plan as it believes 3 psu listings will be a game changer, sources privy to the developments told CNBC-TV18.
"However, a merger would face significant execution challenges, particularly in terms of managing the integration of employees, addressing overcapacity in the merged entity, and winning the backing for the merger from private shareholders," the rating agency said in a statement.
The chairman of the country‘s largest oil marketing firm believes that the government's Budget proposal to merge all state-owned energy firms into a consolidated giant will help them enhance their position in the international market.
Finance Minister Arun Jaitley today said a "realistic" fiscal deficit target of 3.2 percent of GDP has been fixed for 2017-18 and 3 percent for the next year that could be achieved on account of higher tax revenues and disinvestment proceeds.
Besides, armed with the 2017-18 Budget proposal of merger and acquisitions between PSUs, the finance ministry wants to merge four PSUs -- Hindustan Prefab, Engineering Projects (India) Ltd, HSCC (India) Ltd and National Projects Construction Corporation -- with similarly-placed CPSEs.