Hmt

Isro to get land belonging to HMT Watches in Bengaluru and Tumkur in Karnataka

The government approved the transfer of HMT Watches’ 208.35 acres land at Bengaluru and Tumkur in Karnataka to Isro on payment of Rs 1,194.21 crore.

Time’s up for HMT: Before it’s all gone, get one for yourself. Here’s why and how

Interestingly, there is still demand for HMT’s watches and news of the closure has spiked interest levels.

How news of HMT’s closure drove up sales and expanded its fan base

In an age when retro is often chic, nostalgia is equally good business. Over the past week or so, the spotlight has been on HMT—a renowned company that made far more than watches—even tractors, but was best known for watches.

Budget 2015: FY16 divestment aim may be around Rs 43,000 cr

Finance Minister Arun Jaitley, in the Budget 2015, is likely to target around Rs 43,000 crore from disinvestment proceeds, almost the same level that the government expects to realise from stake sale in PSUs this fiscal.

Govt to revive 5 ailing PSUs; plans VRS for employees of other units

The government today said it has begun the process of reviving five ailing PSUs and is working on one-time settlement involving voluntary retirement scheme entailing a cost of Rs 1,000 crore for employees of six state-run units not capable of revival.

CCEA provides HMT, other sick PSUs Rs 116 cr for payment of dues

The PSUs which would get the funds are Hindustan Cables, HMT Machine Tools, HMT (Watches), HMT (Chinar Watches), Nagaland Pulp & Paper, Triveni Structurals, Tungbhadra Steel Products, Nepa Ltd, HMT Bearings, Hindustan Photo Films and Tyre Corporation of India.

HMT gains 16% after govt mulls Rs 993 cr revival plan

HMT's stock is on fire today over news that the govt is mulling Rs 993 crore revival plan for the company.

Time not up yet? Shares of HMT surge 20 percent on hopes govt may revive company

HMT's stock soared 19.9 per cent to touch its upper circuit limit of Rs 36.75 on the BSE. At the NSE, the scrip zoomed 19.90 per cent to Rs 36.75.<br />

Dad's watch still works: HMT watches may be disappearing but its memories are everlasting

Unlike today, watches made by HMT were made to fit the wrist of the wearer

CCEA may take up proposal to revise pay in 18 sick PSUs

Of the total 260 PSUs, about 66 are sick units, including Hindustan Cables, HMT Watches and ITI Ltd, as on 31 March 2012.