Friday, July 31, 2015

ONGC is hiring 160 Assistant Technicians; Apply before August 14

PSU oil major Oil and Natural Gas Corporation Limited has notified for 160 Assistant Technician and Junior Assistant Technician posts. Interested aspirants can apply before August 14. Interested applicants can send online applications from ONGC portal
The PSU under...

Thursday, July 30, 2015

Govt may divest stake in loss making PSUs

THE NDA government will follow a more concrete approach for divesting majority holding in public sector units and each ministry is understood to have been working on stake sale of ailing PSUs.
Thus while the ministry of tourism is independently working on plans for transfer of majority stake or management control in loss making ITDC hotels, the ministry...

Wednesday, July 29, 2015

IREL notifies for recruitment for 38 various posts

INDIAN Rare Earths Ltd (IREL) a Mini-Ratna category – I Public Sector Undertaking invited applications for Sr. Manager (Marketing), Manager (Marketing), Officer (Marketing), Sr. Officer (Finance/Internal Audit), Dy. Manager (HRM), Sr. Officer (HRM), Sr. Officer (Admin), Dy. Manager (Security), Sr. Officer (Medical), Officer (Medical), Sr. Engineer (Mechanical, Civil, Mining, Chemical) and Engineer (Civil, Electronics & Instrumentation, Electrical and Mineral). The eligible candidates can apply...

Tuesday, July 28, 2015

Hope for ailing PSUs: Govt to set up finance corporation to revive sick units

IT seems Narendra Modi government is finally giving some serious thought about reviving the ailing PSUs. After announcing its decision to shut down five terminally ailing PSUs last year, now the NDA government is planning to set up a finance corporation to utilise around Rs 2-lakh-crore surplus cash of state-owned enterprises lying idle in banks.
The funds may be...

Monday, July 27, 2015

Corporate governance a far cry? 106 vacancies in 32 PSUs for independent directors

PRIME Minister Narendra Modi might have been propagating the gospel of good governance through a slew of measures but as far as the functioning of the PSUs go, the NDA government has not appointed independent directors to a good number of PSUs ever since it came into power in May 2014. As many 106 independent directors have resigned or completed their terms in 32 companies since May 2014 but their posts remain vacant.
The absence of independent...

Saturday, July 25, 2015

Govt mulling stake sale in BPCL

THE Narendra Modi-led NDA government is mulling to sell part of its stake in the Bharat Petroleum Corp Ltd (BPCL). The divestment of the Navratna PSU is at the inter-ministerial consultation stage, parliament was informed on July 24.
"The issue regarding disinvestment of BPCL is presently at the inter-ministerial consultation stage. Decision can be taken only after the consultation process is over," Minister of State for Finance Jayant Sinha told the Lok Sabha in a written reply to a query on whether...

Friday, July 24, 2015

Indian Bank plans to e-auction mortgaged assets next month

Indian bank CEO M.K. Jain
PUBLIC sector bank Indian Bank will hold an online auction of pledged properties in a major way next month.
"Next month we plan to auction online the properties mortgaged relating to around 280 accounts," M.K. Jain, managing director and CEO, told reporters in Chennai on July 23.
Jain said the bank has been holding e-auctions on standalone basis and next month the auction would be on a consolidated one.
The bank has created a separate vertical to look into loan accounts above Rs.1 crore and monitor them closely.
Jain said the...

Thursday, July 23, 2015

Keeping Make in India initiative in mind, BEML seeks IIT assistance for next generation coaches

BEML, the PSU firm well-known for manufacturing coaches for the Delhi, Bangalore and Jaipur metros has approached IIT-Kharagpur for help, the only IIT with a railway research centre.
With Narendra Modi's Make in India initiative underway, the move will further boost up the process of indigenization and will also ease dependence on imported parts.
BEML has approached the...