Psu

Centre weighs a downgrade clause in PSU Ratna status if state-run firms fail to perform for three years

Officials said the government is also weighing the potential flip side of such downgrades, including how a lower classification could affect a PSU’s market valuation, investor confidence and the ability to raise funds.

Govt may ease defence tenders norms to attract private players

The government may move to open tendering from the nomination-based system to boost competition, encourage MSME participation and indigenisation

PSUs should find a place in investors' portfolios; SBI, BEL, Coal India among top picks: Motilal Oswal

Motilal Oswal said that several PSU sectors have posted a very sharp turnaround in profit and creating unexpected shareholder value.

Sebi to soon decide on lenient delisting norms for PSUs with high promoter holding

The Sebi board, scheduled to meet on June 18, is expected to take a final call on a separate voluntary delisting framework for PSUs that have a very high promoter holding – 90 percent or more to be precise.

India seeks bigger, more frequent dividends from state-run firms

The government wants to garner about Rs 90,000 crore through dividends in the year through March 2026, compared with Rs 74,020 crore received in the previous year

RINL identifies land parcels worth Rs 200 crore for monetisation in FY26 amid financial distress

After raising Rs 248 crore in FY25 through asset monetisation, debt-laden RINL targets additional land sale to kick-start a revival. Proceeds from the asset sales will go to RINL and not to the Centre, it is learnt.

Operation Sindoor, a shot in the arm for Indian defence stocks

The fresh policy push ensures order inflows for large defence PSUs, increased tie-ups for private defence players, and gives boost to small domestic suppliers

Defence PSUs aren't pharma; listings must be calibrated, says DIPAM Secy Arunish Chawla

Chawla said the objective is to balance national security interests with public market participation.

Sebi mulls carving out separate mechanism for voluntary delisting of PSUs

Under current rules, delisting is successful if promoter shareholding reaches 90 per cent. Moreover, the floor price for delisting is calculated using several pricing metrics such as 60-day average price and highest price in the last 26 weeks

FIIs shun large-caps to quietly accumulate PSUs, smaller stocks in Q4

79 listed PSU companies have disclosed their shareholding data so far for Q4, with foreign institutional investors (FIIs) increasing their stakes in 52 percent of the companies.

Govt gets 20 queries each from merchant bankers, legal advisors for minority stake sales in PSU banks, financial firms

On February 24, the government had invited bids to appoint merchant bankers and legal advisers to sell part of the government's holdings in select public sector banks and public financial institutions through SEBI-approved methods, according to the Department of Investment and Public Asset Management's notification.

Once favourites, PSUs see massive selloff; share in mcap hits 15-month low

The combined market capitalisation of 103 listed PSU firms stood at Rs 57.43 lakh crore in February, reflecting a loss of Rs 24 lakh crore from its all-time high of Rs 81.38 lakh crore in July. In comparison, their total market capitalisation was Rs 64.88 lakh crore in January and Rs 66.34 lakh crore in December.

Sensex, Nifty down 12% from highs but sectoral indices fall more than 20% to enter bear market territory

Among the steepest declines, the BSE Power Index tumbled over 30 percent from its recent peak, followed by the BSE Utilities Index and BSE India Infrastructure Index, which have fallen 28.7 percent and 27 percent, respectively.

Budget 2025: Will divestment make a come back and boost PSU stocks?

Budget 2025 for PSU Sector: According to market experts, the Union Budget will offer a more realistic divestment target that can be reasonably accomplished over the next financial year.

BHEL likely to be classified as a 'strategic' PSU, dodging divestment: Report

A parliamentary committee has recommended that BHEL be deemed strategic asset, which could mean no more talks of selling off government stakes in the company

A defence stock with reasonable valuation

BEL could get rerated on the back of robust order book and earnings visibility

PSU pack on fire, optimism of government spending after Maha win, says Sunil Subramaniam

While PSU banks offer immediate growth prospects, sectors like defence and energy provide medium- to long-term opportunities, says market expert Sunil Subramaniam.

Decision on including IREDA, HUDCO under Section 54EC likely on backburner amid FinMin delay

Including IREDA and HUDCO under Section 54EC of I-T Act would allow tax exemptions for investors on capital gains by investing in designated bonds

MC Exclusive I Govt likely to announce RINL financial restructuring package by December

"Before December we should have the package, can’t go beyond it. Restructuring plan will outline management changes and efficiency measures. We can't afford to have a situation similar to Air India," the government official said.

Cabinet secretary to chair apex committee meeting on Maharatna status for HAL

A promotion to Maharatna status would provide HAL with greater financial independence compared to its current Navratna status

NTPC Green Energy IPO buzz resurfaces: PSU gearing up to soon file for Rs 10,000-crore public issue

NTPC management is aiming for significant value unlocking through the listing of NTPC Green Energy, and aims to list the renewable energy business by the end of this year 2024.

Indian Railways mulls panel to improve PSU coordination after CAG flags Rs 2,604-crore loss

The Comptroller and Auditor General of India has flagged financial losses to the Indian Railways in 33 case studies of non-recovery of loans and GST, improper decision to generate non-fare revenues, ineligible grant of concession, and unfruitful expenditures.

Govt may hire EY for PSU succession planning study