State-owned Punjab National Bank (PNB) will put on sale four bad assets worth Rs 295 crore in a move to shed non-performing assets from its books.
State-owned Oil and Natural Gas Corp (ONGC) today said it will invest Rs 7,327 crore in developing four oil and gas projects, including the Ratna field which it had got back from Essar Oil.
State-owned IDBI Bank today said it proposes to dilute stake in some non-core businesses to shore up capital base.
State-owned National Fertilisers Ltd today reported 43 percent decline in its net profit at Rs 73.24 crore for the quarter ended December 2016.
State-owned Hindustan Petroleum Corp Ltd (HPCL) today reported 53 per cent jump in the December quarter net profit on account of higher fuel sales and inventory gains.
Government will sell 10 percent stake in state-owned manganese miner MOIL tomorrow at a floor price of Rs 365 a share, which will fetch around Rs 480 crore to the exchequer.
The second tranche sale of government's exchange traded fund (ETF) of top 10 state-owned companies saw bids worth Rs 12,000 crore from investors, which is twice the amount sought to be raised.
Shanghai, Jan 20 (AFP) China's state-owned chemical corporation ChemChina has asked US anti-trust regulators to greenlight its USD 43 billion acquisition of Swiss seed giant Syngenta, a report said today.
State-owned general insurer New India Assurance which is the largest general insurer has received a cabinet nod for listing on the exchanges. G Srinivasan, CMD, New India Assurance talks to M Saraswathy about their plans.
Amid soft demand for coal, state- owned CIL will hold long-term special forward auction for power producers with flexible lifting period of up to 3 years.
State-owned Vijaya Bank today raised Rs 325 crore through private placement of bonds to fund business growth.
Net profit in July-September rose to Rs 93.75 crore as compared to Rs 77.21 crore in the same period a year before, the company said in a regulatory filing.
New Delhi is proposing importers sign 5-year contracts with local shipping firms in a move designed to shift freight worth billions of dollars to Indian flag carriers and help boost fleet companies like Shipping Corp of India , Mercator Ltd , Great Eastern Shipping Co and Essar Shipping
"With diesel/ gasoline prices now adjusting to international levels every fortnight and direct transfer of subsidy to LPG consumers kicking in, we continue to see better cash flows and returns among OMCs," a Goldman Sachs report says.
Petrol prices may be cut by about Rs 1.75 a litre early next week as oil companies skipped the regular date for revision in rates.