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Wednesday, March 27, 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

Mamata Shankar stuck in Dark Ages. Gen Z showing India there’s no one way to wear a saree

In an interview with Anandabazar Patrika Shankar waxed eloquent about her many objections to the pallu not covering the bosom area of Gen Z women. She called them ‘women of the street’.

Why Tamil Nadu’s women make up nearly half of India’s female factory workforce

With an educated & skilled workforce, Tamil Nadu has a burgeoning industrial sector which has scored massive investments in automobiles, electronics, and even footwear.

Taiwan reports Chinese military activity around the island

Taiwan has detected a total of 301 Chinese military aircraft and 165 Chinese naval vessels so far in 2024.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.