Cpse

Effective from this financial year 2024-25, every CPSE would pay minimum annual dividend of 30 percent of net profit or 4 percent of the net-worth, whichever is higher.

Government steps up outreach to foreign investors with CPSE roadshows

The government has commenced roadshows to pitch Central Public Sector Enterprises (CPSEs) to potential investors, government sources told CNBC-TV18.

These stocks saw high delivery volumes on the budget day

From the PSU pack we saw delivery based volumes (47 percent) in Power grid shares. Power Grid shares closed at fresh highs.

GeM has transformed government procurement 

With more than 11,500 product categories, 3.2 million listed products, 280 service categories and more than 2. 8 lakh service offerings, GeM, catering to more than 67,000 government buyer organisations, is a developed marketplace.

Top officials to discuss Navratna status for RVNL tomorrow

RVNL has recently bagged the NHAI order for the construction of Kona expressway in West Bengal and Varanasi- Ranchi-Kolkata Highway in Jharkhand

Budget 2023: Finance Ministry to stick to privatisation of already announced CPSEs next fiscal

The disinvestment target outlined in the Budget for the next fiscal is likely to be a scaled-down and realistic one, as the budgeted PSU sell-off target is going to be missed for the fourth year in a row this fiscal.

Government appoints 5 merchant bankers for residual stake sale in Hindustan Zinc

The government has appointed ICICI Securities, Axis Capital, HDFC bank, Citigroup, IIFL Securities as merchant bankers for the issue

ASO written examination to be held on August 27; CPSE paper postponed amid glitch

The commission announced the new date two days after postponing the written exam, which was originally scheduled to be held on Sunday.

Finance Ministry bars PSEs from buying state-owned cos

PSEs controlled by the government include those where 51 per cent or more ownership is with the Centre/state governments or jointly with central and/or state governments.

Adani Group, Piramal Healthcare, Akums in race to buy central government’s HLL Lifecare

The Department of Investment and Public Asset Management (DIPAM) on December 14 had invited preliminary bids to sell the government’s 100% stake in the central public sector enterprise (CPSE).

Govt reaps over Rs 6,600 crore as dividend from dozen CPSEs

Besides, Hindustan Aeronautics, Bharat Electronics, HLL Lifecare Ltd, FAGMIL and NSIC have given Rs 351 crore, Rs 149 crore, Rs 19 crore, Rs 12 crore and Rs 31 crore as dividend tranches, respectively.

Four CPSEs pay Rs 5,155 crore dividend to govt

"Government has respectively received about Rs 4,180 crore and Rs 575 crore from ONGC and BPCL as dividend tranches," Pandey tweeted.

Exclusive | EPFO’s Rs 1.23 lakh crore equity investment fetches 14.6% return; CPSE & Bharat 22 prove to be a drag 

Exposure to the Bharat 22 ETFs fetched the EPFO an annualised return of just 2.1%; the return on its investment in the CPSE ETF was negative. Experts said they may be good divestment vehicles for the government, but a poor choice for a retirement fund to bet on

Govt receives Rs 533 crore from 4 CPSEs as dividend

IRCON, NHPC, CONCOR and Hindustan Copper Ltd have respectively paid about Rs 148 crore, Rs 294 crore, Rs 67 crore and Rs 24 crore as dividend tranches to GoI, the DIPAM Secretary tweeted.

Finance Ministry to seek Cabinet nod for setting up company to monetise land assets of privatisation-bound CPSEs

A special purpose vehicle (SPV) in the form of a company would be set up to hold these assets which would be monetised to fetch value to the exchequer, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said.

Monetisation Push: Govt to set up National Land Monetisation Corporation soon

About 3,500 acres of land and other non-core assets of CPSEs identified for monetisation

Central PSUs are increasingly hiring casual workers as regular employee numbers fall

The share of non-permanent workers and employees in CPSEs has rapidly increased since 2015-16 as more and more employees on the rolls seek VRS.

Delayed-payment applications disposed of by States’ MSEFCs rise 152%

The number of delayed-payment applications rejected by the Micro and Small Enterprise Facilitation Councils jumped 102 percent during the same time period

Centre gets multiple EoIs for privatisation of Neelachal Ispat Nigam, informs DIPAM Secy

DIPAM had in January invited preliminary bids for strategic sale of NINL. The last date for bid submission was March 29.

Nalco board approves Rs 749 crore share buyback plan

The navratna CPSE under the Ministry of Mines said that the public announcement setting out the process, timelines and other requisite details will be released in due course in accordance with the buyback regulations.

DIPAM signs pact with World Bank for advising on CPSE asset monetization

The government has set a target of raising Rs 2.10 lakh crore from disinvestment in the current financial year. Of this, Rs 1.20 lakh crore is to be raised through CPSE disinvestment.

Funds leverage, capex by CPSEs may boost GDP by 2-3%: PESB Chief Rajiv Kumar

For the last 5-6 years, CPSEs have been major investors in the economy as the private sector has been shying away from making fresh investment due to various reasons.

Government to retain up to 4 CPSEs in a strategic sector, to privatise others

This will be part of a new coherent Public Sector Enterprises Policy to be formulated to push reforms in central public sector enterprises (CPSEs), Finance Minister Nirmala Sitharaman told reporters

Budget 2019: CPSE ETF to come in ELSS variant

CPSE ETFs to become tax-saving instruments

Budget 2019: Centre sets Rs 1,05,000 crore disinvestment target for 2019-20

Sitharaman in her speech said that the government has been following the policy of disinvestment in non-financial public sector undertakings without taking the government's stake below 51 percent.