Search For "psu"
Finance Secretary hints at increased capital expenditure by PSUs
Updated : 8 years, 5 months ago IST
New Delhi [India], Oct. 25 (ANI): Finance Secretary Ashok Lavasa on Wednesday highlighted over a possibility by the public sector undertakings (PSUs) to increase their capital expenditure in the current financial year, adding that there could be an upward revision in capital formation in the
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Sensex hits record high of 33,063.89; Nifty at 10,312.50
Updated : 8 years, 5 months ago IST
Mumbai (Maharashtra) [India], Oct. 25 (ANI): Market indices on Wednesday registered all-time highs in the opening trade with the Bombay Stock Exchange (BSE) Sensex surpassing 33,000 mark, and the Nifty trading at 104.80 points (1.03 percent) to 10,312.50.
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Bank recapitalisation significant to address growth capital requirements:
Updated : 8 years, 5 months ago IST
New Delhi [India], Oct. 25 (ANI): Credit-rating body ICRA while welcoming the public sector unit (PSU) banks recapitalisation program that was announced on Tuesday said it would be "significantly positive" for banks to address their provisioning as well as growth capital requirements.
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Recapitalisation is capital transaction which won't increase inflation: Ar
Updated : 8 years, 5 months ago IST
New Delhi [India], October 24 (ANI): Chief Economic Advisor Arvind Subramanian on Tuesday said that recapitalisation is a capital transaction and not a current transaction, which will not increase inflation.
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PSU banks, from 2008 to 2014, engaged in indiscriminate lending: Jaitley
Updated : 8 years, 5 months ago IST
New Delhi [India], Oct. 24 (ANI): Union Finance Minister Arun Jaitley on Tuesday said that the public sector banks, from 2008 to 2014, engaged in indiscriminate lending, in an apparent attack at the then ruling alliance - the United Progressive Alliance (UPA).
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Govt. approves Rs 2.11 lakh crore recapitalisation package for PSU banks
Updated : 8 years, 5 months ago IST
New Delhi [India], Oct 24 (ANI): Union Finance Minister Arun Jaitley on Tuesday announced unprecedented PSU banks recapitalisation program of Rs 2.11 lakh crore, out of which Rs. 1.35 lakh crore will come from recap bonds, and rest from markets and budgetary support.
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Steel Minister urges quality upgradation; timely implementation of SPVs, j
Updated : 8 years, 5 months ago IST
Chandigarh (Punjab) [India], Oct. 16 (ANI): Union Steel Minister Chaudhary Birender Singh on Monday directed the CMDs of Public Sector Units (PSUs) under the ministry of steel to finalize and implement all SPVs and joint ventures in a time-bound manner, adding that the ramping up of moderniz
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ONGC looking to sell stake in other PSUs to fund HPCL acquisition
Updated : 8 years, 5 months ago IST
New Delhi [India], September 28 (ANI): Dinesh K. Sarraf, the Chairman and Managing Director of the Oil and Natural Gas Corporation Ltd (ONGC), said that the firm is hoping to complete the selling of its existing stakes in other Public Sector Undertakings (PSUs) to partly fund the acquisti
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BSNL's Bharat Net to connect one lakh gram panchayats
Updated : 8 years, 7 months ago IST
New Delhi [India], June 21 (ANI): The Chairman and Managing Director of the public sector undertaking (PSU) Bharat Sanchar Nigam Limited (BSNL) has revealed that one lakh gram panchayats will be telephonically connected soon through Bharat Net.
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Steel PSUs should tighten their belts: Birender Singh
Updated : 8 years, 7 months ago IST
New Delhi [India] June 1 (ANI): Union Steel Minister Chaudhary Birender Singh on Thursday said that the Public Sector Undertaking (PSU) steel manufacturing companies should tighten their belts to remain competitive in the international market.
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HUDCO's IPO sees phenomenal market response
Updated : 8 years, 7 months ago IST
New Delhi [India], May 9 (ANI): After its Initial Public Offering (IPO) was welcomed with positivity by the market, Department of Investment and Public Asset Management (DIPAM) Secretary Neeraj Kumar Gupta said the subscription will help enhance the growth of Central public sector units (PSU
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Cabinet approves policy to provide purchase preference in all Oil PSUs
Updated : 8 years, 7 months ago IST
New Delhi [India], April 12 (ANI): The Union Cabinet on Wednesday gave its approval to a policy to provide purchase preference (linked with Local Content (PP-LC) in all public sector undertakings (PSUs) under Ministry of Petroleum and Natural Gas.
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