Search For "public sector"
Stock market closed on account of Ganesh Chaturthi
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 2 (ANI): Stock markets were closed for trading on Monday on account of Ganesh Chaturthi festival.
Read More
FM allays concerns of job losses over merger of public sector banks
Updated : 6 years, 6 months ago IST
Chennai (Tamil Nadu) [India], Sept 1 (ANI): Union Finance Minister Nirmala Sitharaman on Sunday allayed the concerns of job losses in the wake of the merger of public banks.
Read More
Protest in Bengaluru, Ahmedabad against bank merger
Updated : 6 years, 6 months ago IST
Bengaluru (Karnataka)/Ahmedabad (Gujarat) [India], Aug 31 (ANI): Union government's decision to merge 10 public sector banks to create four entities has irked many bank workers who were seen staging protests in different cities on Saturday.
Read More
CPI-M opposes merger of banks, says it is meant to facilitate privatisati
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 31 (ANI): The Communist Party of India-Marxist (CPI-M) on Saturday opposed government's decision to merge 10 public sector banks to create four entities and said it is meant to facilitate privatisation of nationalised banking sector.
Read More
Quality of consolidating PSU banks will determine their effectiveness: Moo
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 31 (ANI): The consolidation of 10 public sectors banks announced by the government is credit positive but there will not be any immediate improvement in their credit metrics as all of them have relatively weak solvency profiles, global rating agency Moody's has said.
Read More
Finance Secretary dispels fears of job losses after merger of 10 PSU banks
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 31 (ANI): The merger of 10 public sector banks (PSBs) to form four big lenders will create more jobs and not lead to any retrenchment as being claimed by some trade unions, Finance Secretary Rajiv Kumar has said.
Read More
Merger of PSBs will unlock new potential: Shah
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 30 (ANI): Union Home Minister Amit Shah on Friday lauded Prime Narendra Modi and Finance Minister Nirmala Sitharaman after the latter announced the merger of 10 Public Sector Banks (PSBs) into four strong lenders with countrywide networks and global reach to boost c
Read More
Government unveils merger of 10 PSU banks to become four major entities
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 30 (ANI): Government on Friday announced merger of 10 public sector banks (PSBs) into four strong lenders with countrywide networks and global reach to boost credit and revive economic growth in the nation's bid to become a five trillion dollar economy in the next f
Read More
Priyanka Gandhi accuses BJP of bringing 'Company Raj' to handover PSUs to
Updated : 6 years, 7 months ago IST
Raebareli (Uttar Pradesh) [India], Aug 27 (ANI): Congress general secretary Priyanka Gandhi on Tuesday hit out at the Centre for the privatisation of Modern Coach Factory (MCF) in Raebareli and accused the Bharatiya Janata Party (BJP) of implementing the 'Company Raj' to handover factories,
Read More
CPI-M condemns move to transfer RBI's reserves to government
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 27 (ANI): The Communist Party of India-Marxist (CPI-M) on Tuesday condemned the manner in which the Reserve Bank of India's (RBI) reserves were being transferred to the government and profit-making public sector navaratnas like ONGC were 'fleeced' in the past to meet
Read More
OFB products are high cost, poor quality:: Defence Ministry
Updated : 6 years, 7 months ago IST
New Delhi (India), Aug 21 (ANI): Favouring transformation of Ordnance Factory Board (OFB) into a public sector corporate entity, Defence Ministry said on Wednesday that its products are of high cost, have poor quality issues and there is lack of or minimal innovation in the factories.
Read More
Talks between OFB and Defence Ministry going on: Defence Production Secret
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 17 (ANI): Defence Production Secretary Ajay Kumar on Saturday said the senior officials of the Ministry of Defence (MoD) are holding talks with the employee unions of the Ordnance Factory Board (OFB) over the transformation of the entity into public sector units.
Read More