public sector

public sector News

Centre yet to implement reforms, public sector banks remain headless

Four public sector banks — Indian Bank, UCO Bank, Andhra Bank and Bharatiya Mahila Bank — are functioning without a CEO and MD.

Small sell-offs from Apr; Strategic sales policy in few months

Approvals are in place for a number of stake sales of smaller public sector companies, and for larger companies in the metals space.


In Dantewada, Centre opens up another hill for iron ore mining

The mining will be undertaken by a joint venture company between NMDC and Chhattisgarh Mining Development Corporation.

IFCI: No benefit in becoming a bank

IFCI will have to expand massively by over leveraging itself and sequester funds for priority sector lending if it were to get a bank license.

Stake sell-off, public float key agenda for revenue stream in Budget

Finance minister Arun Jaitley has also given the go ahead for residual stake sale of 29.54 per cent in Hindustan Zinc Ltd.

Govt plans to make petro sector work hours flexible

Companies to decide on the working hours for onsite workers


RBI's liquidity tightening threatens to take toll on banks' asset quality

Measures come just when banks were seeing results in crack down on bad loans

Sebi allows PSUs to sell shares to employees at discount after OFS

Employees of public sector undertakings (PSUs) will now get an option to subscribe up to 5% of the issue size at a discount after the completion of disinvestment in the concerned state-owned company.

Govt: No blanket forex support to PSUs bidding for overseas mineral assets

With Oil India (OIL) too planning to set up an overseas company,the government has decided to tell all public sector companies

‘PSU officials can’t use miles from business trips’

Mile high: Incentives earned on air tickets can be used only for offical travel,says govt