Cpse

Friday, May 17, 2024 | Last Update : 06:00 PM IST

Dilip Cherian | Extension for PSU chief caught up in paperwork

Concern has been expressed about the delay in advertising the vacancy to fill the post of CMD for NMDC

23 Feb 2023 12:05 AM

The retail investors put in bids worth over Rs 5,000 crore Friday, taking the total bid value to about Rs 25,000 crore, sources said. (Photo: Representational)

CPSE ETF fund oversubscribed, investors put in bids worth Rs 25,000 cr so far

Government is looking to raise up to Rs 10,000 crore through the follow-on fund offer of CPSE Exchange Traded Fund.

19 Jul 2019 8:02 PM

A major portion of the .... (non-core) government assets is in the form of land and buildings, for the monetisation of which this RFE is being floated, DIPAM said.

Finance Ministry seeks consultants for sale of PSU land, buildings

The government is targeting to raise Rs 90,000 crore through CPSE disinvestment in current financial year.

10 Jun 2019 6:08 PM

In last fiscal the government had raised Rs 84,972 crore from CPSE disinvestment, of which Rs 15,914 crore came in from strategic stake sale.

Finance Ministry reworking strategic sale procedure for CPSEs

The process for strategic sale of many state-owned companies started back in late 2017 or early 2018.

12 May 2019 10:51 AM

ETFs function like a mutual fund scheme and have underlying assets of government-owned companies. (Representational image)

Finance Ministry starts consultation with investors to launch global ETF

DIPAM will start developing the index for the ETF based on investors' feedback.

28 Apr 2019 1:39 PM

Guarantees are contingent liabilities have the potential to impact the financial performance of the government.

Finmin asks all depts to conduct review of govt guarantee; submit details by Apr 30

The Finance Ministry has extended date for submission of these details to April 30 from April 10.

23 Apr 2019 9:38 AM

REITs, which are regulated by Sebi, are instruments for investments in real estate. (Representational Image)

Govt looking at REITS model to monetise land assets of CPSEs, enemy property

Under this REITs, land assets aree transferred to a trust providing investment opportunity for institutional investors.

19 Apr 2019 6:27 PM

"Going forward, the government, in next few years will focus on supporting startups, enhancing CSR activities and developing CPSE to CPSE collaboration in order to identify new work areas," Seema Bahuguna said.

Focused on reducing non-viable PSUs, says Secretary DPE

Secretary in the DPE Seema Bahuguna said it is imperative for CPSEs now to reinvent themselves and become competitive.

05 Apr 2019 8:26 PM

Over Rs 10,600 crore has come in from buyback of government shares by Central Public Sector Enterprises (CPSEs). (Photo:Representational)

Sale of 'enemy shares', buybacks by CPSEs yield Rs 11,300 cr to exchequer in FY'19

Enemy property refers to the assets left behind by people who migrated to Pakistan or China and are no longer citizens of India.

24 Mar 2019 12:46 PM

ETF tracks shares of 11 Central Public Sector Enterprises (CPSEs) -- ONGC, NTPC, Coal India, IOC, Rural Electrication Corp, Power Finance Corp, Bharat Electronics, Oil India, NBCC India, NLC India and SJVN. (Representational Image)

CPSE ETF: Fifth tranche subscription to open on Mar 19; govt eyes Rs 3,500 cr

This would be second Central Public Sector Enterprises ETF FFO in current fiscal after Rs 17,000 crore raised November.

17 Mar 2019 4:15 PM

So far this fiscal, the government has raised over Rs 56,064 crore by divesting stakes in state-owned companies. (Photo: File)

Niti Aayog to draw up list of non-core assets of CPSEs for possible monetisation

The approved framework shall be reviewed after two years for instituting any change including delegations on financial limits.

03 Mar 2019 12:26 PM

The MoCA will be then send the reserve price to the Evaluation Committee. (Photo: File)

Financial bids for Pawan Hans to be submitted by March 6

Separately, the transaction advisor has worked out a reserve price for Pawan Hans which will be submitted to the Ministry of Civil Aviation.

03 Mar 2019 12:04 PM

The central public sector enterprises (CPSEs) that are part of the ETF include ONGC, IOC, SBI, BPCL, Coal India and Nalco. (Photo: PTI)

Bharat-22 receives applications worth nearly Rs 50,000 crore

In one day alone, the additional offering on Bharat 22 ETF attracted about 1.25 lakh applications.

16 Feb 2019 1:54 AM

Finance ministry has said the public sector banks (PSBs) can also raise funds through the debt ETF route.

Over dozen CPSEs evince interest in raising funds via debt ETF next fiscal

As many as 10-15 CPSEs have shown interest to try the debt ETF route for fund raising in next fiscal.

01 Jan 2019 10:58 AM

CPSE ETF was set up in 2014 and the government has so far sold stake in the 10 companies in the basket in three tranches.

FinMin eyes Rs 8,000 cr through CPSE ETF, issue likely by Nov-end

In the earlier three tranches of the ETF, the government had raised Rs 11,500 crore.

05 Nov 2018 1:51 PM

The exchange shall introduce futures and options contracts on S&P BSE Bharat-22 Index in equity derivatives segment with effect from September 3, 2018. (Photo: PTI)

BSE to launch F&O contracts on Bharat-22 index from Sept 3

At present, there are over 200 securities available in the F&O segment for trade.

30 Aug 2018 1:24 PM

BPCL was set up on January 1, 1970 as an import substitution unit for manufacturing sophisticated process pumps and compressors.

Govt invites EoI for strategic sale of Bharat Pumps

Government is eyeing Rs 80,000 crore through disinvestment in 2018-19.

17 Apr 2018 2:48 PM

This will facilitate empowering the youth in Odisha with relevant skill sets and train them in various disciplines.

NBCC ties up with Skill Development Institute to train workers

NBCC has pledged to impart training to 40,000 workers (including both onsite and offsite) in next five years.

13 Apr 2018 11:35 AM

Prime Minister Narendra Modi will address the CPSE Conclave at Vigyan Bhawan on Monday, according to an official statement.

Narendra Modi to address CPSE Conclave on Monday

The deliberations in the Conclave will lead to formulation of an actionable roadmap to achieve the target of a New India 2022.

08 Apr 2018 4:34 PM

The Union Cabinet on Wednesday approved the Wage Policy for the 8th Round of Wage Negotiations for workmen in CPSEs as well as setting up of the 15th Finance Commission. (Photo: AP)

Cabinet approves setting up 15th Finance Commisison, wage policy for CPSEs

The Union Cabinet also agreed to revise the salaries, gratuities, pensions, etc of judges of the Supreme Court and high courts.

22 Nov 2017 3:40 PM

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