Tag: Psu

New Delhi: The government is exploring options of absorbing Air India employees in public sector enterprises and voluntary retirement package as it moves ahead with the airline’s disinvestment amid stiff opposition from worker unions, sources said. While foreign direct investment of up to 49 per cent has been allowed in the debt-laden carrier, efforts are […]

Bhubaneswar: Odisha Mining Corporation (OMC), a state public sector undertaking (PSU), on Tuesday paid an interim dividend of Rs 500 crore to the state government for the 2016-17 financial year. Steel and Mines Minister Prafulla Mallick handed over a cheque of Rs 500 crore to Chief Minister Naveen Patnaik towards OMC’s dividend against the state […]

Mumbai: BSE benchmark Sensex recouped over 134 points to trade above the 30,000-mark in early trade today on the back of widespread gains triggered by encouraging corporate earnings. The 30-share index rose by 134.33 points, or 0.44 per cent, to 30,052.73. The gauge had lost 214.95 points in the previous two sessions. All the sectoral […]

Bhubaneswar: In an effort to reduce court cases and increase revenue collection, the Odisha government today approved a proposal for settlement of outstanding water rate dues of different central and state PSUs. “The state government is likely to get Rs 150 crore from Mahanadi Coalfield Limited (MCL) alone from an one-time settlement of outstanding industrial […]

Chennai: Citing the Rs 30,000 crore public deposits in Lakshmi Vilas Bank (LVB), the All India Bank Employees’ Association (AIBEA) has demanded its merger with a public sector bank (PSU) than be acquired by Indiabulls Housing Finance Ltd (IBH). In a letter to the Governor of Reserve Bank of India (RBI) on Sunday, AIBEA General Secretary […]