Public Sector

Thursday, Apr 25, 2024 | Last Update : 05:47 AM IST

The LIC was established in 1956 with a capital of Rs 5 crore and is today estimated to be valued around Rs 8-10 lakh crore.

India’s public sector is going downhill

PSUs not only play a pivotal role in the economy, but also contribute overall to nation building.

16 Feb 2020 4:52 AM

Public Sector Stocks have not been my cup of tea. They have been, at best, trading opportunities. My stance is that I will look at them only after ownership changes.

Invest talk: Privatisation offers investment opportunity in PSUs

Commercial expediency is overtaken by political goals. The PSU stock prices follow a pattern of optimism and despair.

09 Dec 2019 1:28 AM

Public sector banks that are merger candidates may be allowed to hold more than 10 per cent stake in two insurance companies after their merger comes into effect provided they give up management control in one of them.

PSBs may get nod to hold over 10 per cent in two insurers

An entity holding over 10 per cent in an insurance company is categorised as a promoter while one holding below that limit is termed as an investor.

07 Dec 2019 1:32 AM

Apart from investment, government backing and direction will be crucial for accelerating adoption and deployment of electric mobility, the report added.

India has potential to become one of the largest electric vehicles markets: Report

Considering the strong governmental push towards EVs, India has a huge potential to become one of the largest EV markets, the report noted.

02 Oct 2019 6:20 PM

Public sector telecom operator BSNL will roll out its 4G services in two districts of Telangana next month and extend it to the rest of the state by March 2019, a senior official said on Monday.

Telangana: BSNL to launch 4G services in November

Initially, a pilot project for 4G for testing purpose shall be launched in Jadcherla town.

01 Oct 2018 5:59 PM

The government, World Bank and state-owned EESL on Tuesday inked a USD 220 million loan agreement and a USD 80 million guarantee pact to push energy efficiency programme in India.

Govt, EESL, World Bank sign pact to boost energy efficiency in India

The programme will help tackle the financing, awareness, technical and capacity barriers faced by new energy efficiency programs.

28 Aug 2018 3:20 PM

Repeated successful attacks can eat away at credits over time by eroding public trust.

Cyberattacks increase credit risks in US public sector

The US public sector has broadly and quickly adopted new technologies to provide public services.

23 Aug 2018 7:32 AM

Banking work paralysed in West Bengal

People complained of problems in withrawing their salaries as ATMs remained closed.

31 May 2018 6:30 AM

Moody’s cuts PNB’s ratings

Moody’s believes that PNB will receive capital support from the Indian government and that the bank .

22 May 2018 1:41 AM

A host of auditors — both internal and external — and RBI inspectors failed to get a whiff of the fraudulent transactions being made since 2011.

Fraud casts doubts on banks

Analysts say PNB episode expands risk areas for banks; claim PSBs use faulty procedure.

16 Feb 2018 7:57 AM

Uttar Pradesh Chief Minister Yogi Adityanath (Photo: PTI)

UP: Yogi government transfers 36 IAS officers

According to the transfer order released by the government on Thursday night, one officer was also appointed off the wait list.

08 Sep 2017 1:33 PM

The bank is offering highest rates of 6.90 per cent for one year to 455 days term deposits.

SBI cuts term deposit rates by 50 basis points

Retail term deposit with tenure of 5-10 years has also seen a 25 basis point reduction in interest rates.

02 May 2017 6:09 AM

Economic survey 2016-17 has proposed the creation of a public sector asset rehabilitation agency (PARA) to resolve such large and complex cases.

Large write-offs needed to restore India Inc’s viability

Some of the obstacles currently plaguing loan resolution according to the survey is viability issues.

01 Feb 2017 3:42 AM

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Columns

Dilip Cherian

public sector