Friday, May 22, 2015

Hope for ailing PSUs; Rs 6000 cr package approved for revival of Sindri unit of FCIL

REKINDLING hope for the revival of ailing as well as closed PSUs, the Union Cabinet chaired by the Prime Minister Narendra Modi on May 21 gave its approval for the revival of closed urea unit of Fertilizer Corporation India Limited (FCIL) at Sindri (Jharkhand) with an investment of Rs 6000 crore.
The PSU unit was lying...

Thursday, May 21, 2015

As many as 25 PSUs to sell shares to the public

THE Narendra Modi-led NDA government has finalised a list of 25 state-owned PSUs that could sell shares to the public for the first time. The move might raise more than a third of India's record divestment target for the fiscal year, reports a leading financial daily.
They include profit-making...

Wednesday, May 20, 2015

Centre asks cash-rich entities to come up with roadmap for PSU revival

IN A bid to take the ailing PSUs back on track, the Centre has asked cash rich Central Public Enterprises (CPSEs) to come out with a detailed road map for using their cash surplus to turn around sick CPSEs, said media reports .
As on March 31, 2014, profitable CPSEs had over Rs 2.63 lakh crore as ‘cash and bank balance’.
The heavy industries and public enterprises minister Anant Geete chaired a meeting of 21...

Tuesday, May 19, 2015

NHPC offering industrial training to Chartered Accountancy students

THE National Hydroelectric Power Corporation (NHPC Ltd.), Faridabad, has invited applications for Industrial training under the Provisions of The Institute of Chartered Accountants of India.
Vacancy for 10 final year Chartered Accountancy students for articled-ship training is available.
The training will be for a...

LIC’s "Jeevan Tarun" launched for children’s stress-free future

Kabui: Zonal Manager, North Zone, LICI
STATE-run insurance major LIC of India on Monday launched a new plan called Jeevan Tarun especially targeted for growing children. LIC’s zonal manager of North Zone TT Kabui said in a statement that the plan is a “non-linked, with-profits, limited premium payment plan specially designed to meet the educational and other needs of growing children”. The plan is available from ages...

Monday, May 18, 2015

Good news for MTNL; Telecom ministry to clear dues soon

PROVIDING a fresh lease of life to ailing telecom company MTNL, Shiv Sena MP Arvind Sawant recently said the ministry of communications and information technology will soon clear MTNL's long pending dues borne out of surrendering valuable 4G or broadband wireless access (BWA).
In a meeting last week between Sawant, Rahul Shewale and minister of communications and information...

Saturday, May 16, 2015

SBI to resume e-auction for properties next month; Introduces contactless cards

INDIA'S largest lender State Bank of India (SBI) will resume next month the mega e-auctions for properties. The bank acquired such properties from borrowers following defaults.
The bank carried out similar auction in March 2015, which was, however, not a big success.
Now, the bank will hold separate...

Friday, May 15, 2015

BSNL notifies for hiring 200 management trainees

BHARAT Sanchar Nigam Limited (BSNL) has notified for recruitment of Indian candidates for the post of management trainees. Bharat Sanchar Nigam Ltd under Government of India is going to fill up a total of 200 vacant positions of Telecom Operations & Telecom Finance. The once crowning jewel of the government, the telecom...