Public Sector Units

Govt tenders worth Rs 15,000 crore cancelled over discriminatory conditions against domestic players

Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek said the cancelled tenders were re-issued by making changes to promote 'Make in India' initiative of the government.

BEML, HEC sign pact for making mining equipment; to leverage each other's capabilities

BEML had not participated in tenders for the last 3-4 years in these two products, officials said.

Government clears revised norms for time-bound closure of sick public sector units

The government on Wednesday approved revised guidelines for time-bound closure of sick and loss making central public sector enterprises and the disposal of their movable and immovable assets.

NITI Aayog to come out with development agenda for 'New India 2022' to expedite economic growth

NITI Aayog will soon come out with a development agenda for 'New India 2022', which will spell out strategy for expediting economic growth

Disinvestment push: Govt to list NEEPCO, MSTC, invites bids from merchant bankers

The government plans to raise Rs 80,000 crore this fiscal through PSU disinvestment, as against over Rs 1 lakh crore in the previous fiscal

Finance ministry may write to Sebi for relaxing minimum public float norms for PSUs

There are over a dozen public sector units (PSUs), including those up for strategic sale, which are yet to meet the minimum public holding norm -- the deadline for which ends in August.

CVC to launch new 'integrity index' to rank govt departments over anti-corruption measures

The CVC has decided to go in for development of the integrity index-based on bench-marking of internal processes and controls within an organisation as well as the management of relationships and expectations of outside stakeholders, it said.

Listed public sector units get time till August 2018 to meet public holding norm

The deadline has been extended to avoid bunching of share sale offers from state-owned firms

Economy reviving, experts see enough appetite for Rs 50,000 cr PSU share sale

In the last six years, the government has been able to meet only 64 percent of its stake sale target

Narendra Modi zombie hunter: Gujarat model to revive sick public industries?

The government's moves to keep sick public companies functional have disappointed those who want Narendra Modi to force through economic reforms, however painful.