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Wednesday, June 26, 2024
TopicPSU

Topic: PSU

Visible infra progress, Make in India push — what’s driving PSU stocks to meteoric highs

Driven by govt’s infra push, Make in India & transition to green energy, PSUs across sectors have seen their stocks jump more than 100% in one year, even by 300-400% for some.

Oil India now a Maharatna & ONGC Videsh a Navratna. Here’s what this means & how they’ll benefit

With the latest additions, India now has 13 Maharatna & 13 Navratna PSEs. ThePrint looks into these statuses & why they're important for growth of public sector.

Rafale snub no death knell: HAL’s market cap up 280% since IPO launch, it’s now biggest defence PSU

In 2018, when HAL was listed on the stock market, its total market capitalisation was $3.87 billion. As of June 2023, it stands at $14.76 billion — or about Rs 1.18 lakh crore. 

BSNL plan will sink taxpayer money like Air India. Govt can’t compete with private players

Modi govt should provide better justifications for investing nine million taxpayers’ money in BSNL beyond providing connectivity to 25,000 villages and funding VRS for redundant employees.

CBI books general manager of PSU BECIL for ‘taking bribes to help firms bag ministries’ social media projects’

Projects of Ministry of Housing & Urban Affairs were given to Fusion Corporate Solution and negotiations were on for two more projects of other ministries, says agency.

How does NPA impact the lending culture of banks in India

Banks have to focus on financial resilience, to make the revenue model agile and a cost- to-income ratio of at least 35%-40%, writes Divya Soni.

Formed in 2021, 7 new defence PSUs to see steep decline in orders, finds Parliament panel

DPSUs were formed after restructuring of Ordnance Factory Board. While most recorded profits in first six months, exports have also been declining, says govt.

Disinvestment in profitable Shipping Corporation of India ‘irrational’, says parliamentary panel

The standing committee on transport, tourism, and culture tabled its report last week. It said a balance had to be struck with ‘national strategic interests’.    

DU endowment fund finds takers in LIC & other PSUs, but critics worried about ‘privatisation’

New Delhi: Delhi University’s proposed endowment fund for research and development has caught the interest of various public sector undertakings (PSUs), which are considering...

Private banks lending more than PSU banks as Indian economy recovers from Covid

Most recent data shows India’s top 3 private banks lent nearly 3 times the average industry rate in the quarter of March, while maintaining better asset quality than their state peers.

On Camera

Oropouche virus is rapidly spreading in South America. It can cause large outbreaks

The lack of resources to test and track the OROV virus through comprehensive surveillance systems severely hampers efforts to accurately monitor outbreaks.

Noida International Airport, Delhi NCR’s 2nd, delayed. To begin operations by April 2025

According to a statement by the airport, commercial operations likely to begin next year 'in view of the current construction status'. It was supposed to commence operations by 2024 end.

Amid tensions with China, Philippines says BrahMos a ‘credible defence’

At interaction in Delhi Monday, Ambassador of Philippines also highlighted talks over possibility of high-level delegation visit later this year to mark 75 yrs of diplomatic ties.

Modi’s new universe: the normal irritants of democracy & awkward chai with Rahul Gandhi

Changed reality for Modi govt in its 3rd innings is by no means rise of a new phenomenon. It's a return to old normal where even majorities had to routinely wrestle with storied million mutinies.