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The minerals and rare earths company under the Department of Atomic Energy is under review for slow progress on key fronts.
Arunish Chawla says CPSEs met capital spending targets in FY25 and are on track for next year as well
At the age of 74, Dr V Krishnamurthy had remembered a 10-minute conversation four years ago with a 21-year-old-novice-in-his-first job. Not just on account of his elephantine memory, but because he cared to remember, writes Rajen Garabadu
Watch the video to know where the government gets its revenue from and more.
The Aayog had submitted two separate lists of sick and loss-making PSUs one comprising those that can be closed down and the other of those where government can divest its stake.
Supporting Finance Ministry's disinvestment plan for public sector undertakings, Union Minister Piyush Goyal has said his ministry will not reduce the government's stake in power sector PSUs below 51 percent.
Government today said it has issued guidelines for award of tenders for shipbuilding and repair works for PSUs and departments under which Indian shipyards will be granted 'right of first refusal' to enable them to compete with foreign players.
The return of the NDA has seen the government taking an intelligent approach to loss-making public sector companies: consolidation.
Of the 16 blocks "earmarked for State Public sector Undertakings for sale of coal", five mines are in Madhya Pradesh, three in Telangana, two blocks each in Chhattisgarh, Jharkhand and Maharashtra, and one each in Odisha and West Bengal, according to an order of Coal Ministry.
In wide-ranging discussions with Singapore leaders, including its Prime Minister Lee Hsien Loong and President Tony Tan Keng, Modi stressed on the idea to 'create many Singapores' within India. He also pitched for issuance of rupee bonds and infrastructure bonds in Singapore.
The split of top posts at four Public Sector Undertakings (PSU) banks is the start of a big reforms move and we believe this will be instituted at other banks in due course
Nilesh Shah, MD & CEO of Envision Capital is of the view that one may prefer PSU banking stocks with a long term view.
Pathik Gandotra of Dron Capital likes ING Vysya Bank. The stock looks cheap and the bank will do well on its asset quality parameters, he adds.
Gautam Trivedi of Religare Capital is underweight on the banking space. "One should wait for Q2 results before putting fresh money to work in the banking space," he adds.
According to Dipen Sheth, Head-Institutional Research at HDFC Securities, one can buy private sector banks on decline.
Shardul Kulkarni of Angel Broking is of the view that, Canara Bank is looking good to short at current levels. The stock may decline towards the level of Rs 390-385.
One can short State Bank of India (SBI) around Rs 2270-2280 with a stop loss around Rs 2310-2315, says Siddharth Bhamre of Angel Broking.
Country's top iron ore producer NMDC‘s net sales was down 13.46 percent to Rs 7,500.02 crore. The company‘s chairman, CS Verma blamed it on Bailadila region's broken pipline. They were selling about seven to eight million tonnes of iron ore through it and since last one year they could not get any advantage of it.
In an interview with CNBC-TV18, Hemant Thukral of Aditya Birla Money, spoke about his reading of the market and his outlook.
Bharat Petroleum Corporation (BPCL) is a top pick in the public sector undertakings (PSU) space, says Niraj Mansingka, Associate Director, Edelweiss Securities.
Mayuresh Joshi, Angel Broking is of the view that, LIC Housing Finance is looking interesting on declines. Within the midcap space United Phosphorus and Yes Bank have great potential.
The Finance Ministry is hopeful of raising Rs 12,000-13,000 crore from stake sale in the public sector undertakings (PSUs) by December-end which could help the government to rein in fiscal deficit to around 5.3 per cent of the GDP in 2012-13.
Bharat Banka comments on how effective prioritizing can smoothen the disinvestment process
Criticising the Public Sector Undertakings under the West Bengal government, the Comptroller and Auditor General has said that with better management of its resources, PSUs' accumulated losses of more than Rs 6,000 crore could have been 'controlled'
