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Public sector steel firms clear Rs 692 crore dues to MSMEs in May: Ministry

Public sector steel firms clear Rs 692 crore dues to MSMEs in May: Ministry

Tue, Jun 20, 2023

According to an official statement, during April-May 2023, steel CPSEs (Central Public Sector Enterprises) have made payment of Rs 1,321.32 crore to MSMEs, which is 23.8 per cent higher than Rs 1,067.53 crore made during the corresponding period of preceding 2022-23 fiscal.

Indian Overseas Bank revises interest rates with immediate effect

Indian Overseas Bank revises interest rates with immediate effect

Sun, Dec 11, 2022

Depositors of domestic, non-resident external would receive interest rates up to 7.30 per cent by opening a term deposit with a tenure of 444 days and up to 7.25 per cent for a period of three years and above, Indian Overseas Bank said in a statement here.

Govt notifies 12% wage hike for employees of PSU general insurers; links it with employee and company’s performance

Govt notifies 12% wage hike for employees of PSU general insurers; links it with employee and company’s performance

Sun, Oct 16, 2022

Last year, the government notified the General Insurance Business (Nationalisation) Amendment Act which will allow the government to cut its stake in state-owned general insurers to below 51 per cent.

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Public sector contributes 20% to national income, accounts for 40% of total wages: Report

Public sector contributes 20% to national income, accounts for 40% of total wages: Report

Mon, Aug 29, 2022

The share of the private sector in GVA and wages is "more evenly balanced", the agency said, pointing out that it accounts for 35.2 per cent of the wages while its contribution to GVA is 36.3 per cent for the same period.

Public sector general insurers losing motor segment share very fast - lost 30% biz since FY18

Public sector general insurers losing motor segment share very fast - lost 30% biz since FY18

Fri, Oct 15, 2021

Even as the motor insurance segment, which had a massive decline in FY21, is returning to the growth path, public sector general insurers have been steadily losing ground to the private insurers overall and more so in the bread and butter motor segment, with pie crimping to 32.6 per cent in August, down from 36.6 per cent a year ago.

Government bank merger acceptance by cabinet soon

Government bank merger acceptance by cabinet soon

Wed, Feb 12, 2020

The Centre might approve the scheme of amalgamation of 10 public sector banks into four. The Union Cabinet, led by Prime Minister Narendra Modi s expected to approve the amalgamation of the Banks.

Sensex closes 165 points higher, Nifty at 11,965; Zee Entertainment, ONGC, YES Bank top performers

Sensex closes 165 points higher, Nifty at 11,965; Zee Entertainment, ONGC, YES Bank top performers

Wed, Jun 12, 2019

Indian benchmark equities ended on a positive note Tuesday, powered by gains in IT, metal and public sector banking stocks amid higher global markets.

ONGC profit up 15% on higher prices

ONGC profit up 15% on higher prices

Fri, Feb 09, 2018

The net profit in the October-December quarter of the current financial year was at Rs 5,014.67 crore

58% banks report rise in bad loans in July-Dec: Survey

58% banks report rise in bad loans in July-Dec: Survey

Wed, Jan 24, 2018

According to the survey, 58 per cent of the respondent banks reported a rise in NPAs, significantly lower than 80 per cent in the previous round. Infrastructure, metals and engineering goods were key contributors to the bad debt.

Union Budget 2017: Govt may not achieve divestment target

Union Budget 2017: Govt may not achieve divestment target

Wed, Feb 01, 2017

The divestment income targets seems to be too aggressive for FY17 and hence expected to see a shortfall.

Cabinet approves revision of ethanol prices to public sector

Cabinet approves revision of ethanol prices to public sector

Thu, Oct 13, 2016

The Cabinet Committee on Economic Affairs (CCEA), on Thursday approved the mechanism for revision of ethanol price for supply to Public Sector Oil Marketing Companies (OMCs) to carry out the Ethanol Blended Petrol (EBP) Programme. The committee decided on the following:

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