On March 13, 2018, the Parliament’s Lower House, the Lok Sabha, passed without debate two finance bills and 218 amendments. These included funding demands from 99 government ministries and departments.
India’s power major, NTPC Ltd and the country’s top business school IIM-Ahmedabad on Tuesday announced a joint initiative to create a world class research institute at NTPC School of Business for policy prescription and churn out management graduates with focus on energy sector.
Preparing for the rainy day has become one of the priorities for India’s oil marketing companies (OMCs). With the drive for clean energy, as also finite resources, making the future of fossil fuels uncertain, the public sector giants are steadily positioning themselves as petrochemical-makers.
The Centre may list Hindustan Aeronautics (HAL), RITES and Indian Railway Finance Corporation (IRFC) to raise about Rs 5,200 crore this fiscal, even as disinvestment via the initial public offering route has touched a record high this year.
To set in motion a revamped station redevelopment programme, the ministry of railways is seeking approval to nominate public-sector undertakings (PSUs) in case the proposed nodal agency.
Railway Budget 2018: Railway Shares Subdued Ahead Of Budget; PSU Stocks In Focus But May Not See Much Action
With only two days left for Railway Budget 2018 — a component of the Union Budget itself from 2017 onwards, a subdued movement had been observed in most of the railway-related private and public sector shares.
Mining mogul Anil Agarwal-led Vedanta Ltd has made a strong case for the government to sell its majority stake in PSUs such as ONGC and Coal India or transfer their assets to private firms to cut the import bill by at least 25 per cent.
Permanent workforce employed by India’s state-run oil and gas companies has declined 13 per cent in the past 15 years through 2017 to 110,000, an analysis of oil ministry’s data on manpower strength of the sector’s Public Sector Undertakings (PSUs) shows.
State-run miner NMDC is likely to soon sign an MoU with Vietnam-based Masan Resources for a possible acquisition of a minority stake in a tungsten mine in the Southeast Asian nation, a top company official said today.
With GST resulting in a 10% decline in MRP prices for lubricants, Indian Oil Corp might see its lubricant division post $1.1 billion in revenues, almost the same that it earned in 2016-17.