Public Sector Unit

Market experts believe that as long as the incumbent government returns to power, policy continuity is likely.

PSUs to invest over Rs 10,000 crore in mining sector

Public sector units (PSUs) such as Nalco and Hindustan Copper Ltd have proposed to invest more than Rs 10,000 crore in the mining sector, Parliament was informed today.

Avoid pre-Budget buying; India will soon emerge as top EM: IIFL

Nirmal Jain, Chairman of IIFL, says investors should avoid pre-Budget buying as there could be greater opportunity post the Budget announcement due to worsening global conditions.

PSU banks need govt support to up capital; like SBI: MB Mahesh

MB Mahesh, Analyst at Kotak Institutional Equities, says public sector banks need government support to raise capital for growth and cleaning-up their balance sheets.

Avoid metals, PSBs safe bet as 2-3 year investment: UTI MF

In an interview with CNBC-TV18, Swati Kulkarni, Executive VP and Fund Manager at UTI MF said that although inflows in mutual funds have slowed down but as UTI has retail investors backing funds, investors have not panicked even though returns have been negative since last one year.

Govt nod for re-construction of dam in Afghanistan

The Union Cabinet, chaired by Prime Minister Narendra Modi approved the reconstruction and completion of Salma Dam Project in Afghanistan at the Revised Cost Estimates (RCE) of Rs 1,775.69 crore, an official statement said.

Prefer Bank Nifty over Nifty; buy L&T, SBI: Religare

Manoj Murlidharan of Religare Securities says earlier the public sector unit (PSU) banks alone tried to pull Bank Nifty up, but now even private banks are supporting the index.

MMTC Q4 net profit rises 16% to Rs 38 crore

Total income from operations rose 20.14 percent to Rs 5,030.86 crore from Rs 4,187.45 crore during the period under review. For entire fiscal ended March 2015, standalone net profit of MMTC surged 2.5 times to Rs 47.91 crore from Rs 18.64 crore in the previous fiscal.

FinMin to seek exemption on float norms for PSUs in red

The Finance ministry is set to ask for leeway from market regulator Securities and Exchanges Board of India over loss-making Public Sector Units (PSU) complying with the 10 percent public float norms.

Finance Ministry may float Cabinet note on PSU ETFs soon

Finance Ministry may float Cabinet note on public sector unit (PSU) ETFs shortly, report CNBC-TV18's Aakanksha Sethi.