January 21, 2014
The stock of Indian Oil Corporation is pausing after a strong 12 per cent surge in the previous week. Traders with a short-term perspective can make use of the current pause to buy the sto...
Kolkata, Jan. 15
ONGC reported ‘initial discovery’ of gas in four wells in Madhya Pradesh. But the resources are concealed under hard rock cover, which makes extraction difficult.
New Delhi, Jan 14
The legal decks have been cleared for selling remaining Government stake in Hindustan Zinc Ltd. This sale can fetch over Rs 15,000 crore. “Hindustan Zinc has ceased to be a Government co...
Mumbai, Jan. 13
Govt’s stake-sale plan in IOC denies public participation »
January 12, 2014
By expecting listed PSUs to sell products below cost, foot subsidy bills and cough up cash whenever the exchequer needs it, the government is trampling over the rights of public shareholders.
New Delhi, Jan. 8
Fund may take off in February-March
Mumbai, Jan 7
Elevated crude prices and the rupee fall are likely to keep gross under—recoveries of oil marketing companies at higher levels near—term at around Rs 1,35,000 crore this fiscal, says a report.<...
Kolkata, Jan. 2
C.P. Tayal has taken over as the General Manager, Chittaranjan Locomotive Works (CLW). Prior to this, the IIT-Roorkee graduate served as the Director of Indian Railways Institute o...
Bangalore, Dec 30
Defence public sector Hindustan Aeronautics Ltd has inducted 260 management trainees. The company inducted management trainees and design trainees (MTs & DTs) in various streams for...
Hyderabad, Dec. 26
The Government has so far cleared pending projects involving Rs 3 lakh crore of investment by Public Sector Enterprises, according to O.P. Rawat, Secretary, Department of Public En...
January 18, 2014
Focusing on awarding and implementing infrastructure projects can revive the economy.
New Delhi, Jan 15
The empowered group of Ministers (eGoM) headed by Finance Minister P. Chidambaram is likely to discuss two options for ONGC and Oil India picking up equity in Indian Oil Corporation as part of the...
Greater Noida, Jan 14
With the government giving BHEL Chairman B. Prasada Rao a two-year extension, Indian Oil Corp Chairman R.S. Butola may be the next in line to get a post-retirement service extension as his case is...
January 13, 2014
This is with reference to “Public sector firms are no milch cows” (Business Line, January 13). The Government cannot ask a company to sell goods at cheaper cost, but can provide s...
New Delhi, Jan 10
Soon investors can boast of a portfolio consisting of shares of 11 blue-chip Central Public Sector Enterprises without any risk considerations. An empowered Group of Ministers (eGoM) under the cha...
Hyderabad, Jan. 8
Institute of Public Enterprise (IPE) has announced admissions to its 15-month regular executive PGDM programme. Candidates who have minimum three years of managerial experience can apply. The IPE...
New Delhi, Jan 4
Public sector steel major Rashtirya Ispat Nigam’s turnover during the April-December period of the current fiscal stood at Rs 9,123 crore buoyed by both domestic sales and exports. “The cum...
New Delhi, Dec 30
Capital goods major Bharat Heavy Electricals Ltd (BHEL) head B.P. Rao is set to get a two-year extension. His present term ends on December 31.
A committee of secretaries set up by the Go...
Mumbai, Dec 27
New India Assurance is hoping for a healthy growth in 2014 on the back of better auto sales, uptick in investments and rural demand, a top company official said today.The country’s largest g...
New Delhi, Nov 26
The government today provided Rs 116.86 crore to eleven sick public sector units (PSUs) including HMT Machine Tools towards payment of wages and other dues.
The decision to provide funds...