Public Sector Units

Government has no business to be in business, says PM Narendra Modi

The government plans to monetise around 100 underutilised and unutilised public assets in the near future, Modi said, adding that the move would create an investment opportunity of around Rs 2.5 trillion.

Employment growth rate contracts in FY18, public sector hiring rises to 8%: Report

There is a loose correlation between sales growth and fresh hiring. Top line growth invariably translates into a corresponding expansion in the employee base

Panel to fast-track ramping up steel PSUs modernisation

The government has set up a committee to suggest measures to fast-track the ramping up of modernisation of the steel sector public sector firms -- SAIL and RINL.

Ola in talks with PSUs for corporate offering

"Ola Corporate's strength lies in providing agile solutions which help organisations in designing and customising their travel policies while streamlining the entire process. We are in talks with many PSUs and by next year, we would have a long list of PSUs using our service," Ola Head (Corporate) Ankit Jain told PTI.

GST passage may catapult Nifty over 9,000 in FY18: Dalton Cap

If the GST is passed, it would give a good opportunity for short-term traders to sell, says UR Bhat, Managing Director, Dalton Capital Advisors.

Finmin circulates cabinet note for stake sale in sick PSUs

The government has decided to set up a divestment commission, which will be led by the Cabinet secretary, sources say. This panel will fine-tune stake sale plans for Cabinet reference

Rich PSUs may be asked to submit IPO plans to Centre

The finance ministry, according to a senior official, has suggested to the Department of Public Enterprises that listing clause be made mandatory under the new MoU norms for public sector units (PSUs).

IOC looking to divest 10% before Q1 results on Aug 13

The Indian Oil Corporation (IOC) divestment seems favourable as the company's stock price is currently trading near its-all time high and the government's reforms drive, which have led to a complete deregulation of petrol and diesel prices.

Recapitalise performance-oriented PSUs first: Angel Broking

Discussing the recapitalisation needed in PSU banks, Vaibhav Agarwal of Angel Broking told CNBC-TV18 that performance-oriented banks should be given preference over low-capital banks.

Benefits from oil, govt steps to come with lag: TVF Cap

In the last nine months, the government has taken many right steps to improve the economy, says Shiv Puri, founder and MD of TVF Capital Advisors. It now needs to focus especially on the infrastructure sector in the Budget, he adds.

Privatization a better bet than divestment: Kotak Sec

According to a Kotak report titled â€˜Strategy: Divestment versus privatization‘, it may not be the best idea. â€œWe believe it is important for the government‘s divestment imperative to include a longer-term plan to improve the performance of public sector entities,â€ it said.

Govt mulls buyback as weak mkt hits PSU divestment plans

The government currently is considering buyback options instead of divestment as current market conditions force them to do so. Coal India has given its nod for the same, while an approval from other companies is awaited, reports CNBC-TV18's Aakansha Sethi.