PSU

Hindustan Zinc has reported expected quarterly numbers. However the company expects the zinc production to increase by more than $100/ tonne for the financial year. This would take the cost to $1,225-$1,275/ tonne, due to issues…

Bharat Petroleum Can Be Sold For Rs 90,000 Crore? Vedanta Puts This 'Pricetag' On Bharat Petroleum In recent times the government of India has been trying aggressively to sell some of the assets it owns. This has been in line with PM…

The revision is expected to be a hike of 15% applicable to 60,000 of the PSU's employees. News regarding wage revision for General Insurance employees is expected to be announced soon. Salary Hike Incoming? Finance Ministry…

Sometimes decisions that seem well-intentioned can have another greyish side and can draw flack of all those impacted. A similar incident happened at one of the public sector banks which did not go down well with the employees of the…

The sale of these idle assets will be made through the new online bidding platform, created by the government enterprise MSTC. In a move to monetize idle assets, the Government is working on a plan to sell off land lots of some PSUs…

Unions in the public sector general insurance companies and Life Insurance Corporation of India will go on strike on Wednesday and Thursday, respectively. After the two day strike -- Monday and Tuesday -- by the bankers, unions in the…

This PSU Will Ask 13,000 Employees To Leave Every Year For Next 5-10 Years Coal India Ltd (CIL) is planning to reduce 5 percent in manpower every year for the next 5-10 years to reduce costs as per its announcement on Tuesday. Why…

For the first phase of privatization, government may zero in on at least two public sector banks (PSBs). Even in order final the names of potential candidates for privatisation, a meeting will be held between senior officials of the…

The NITI Aayog and DIPAM) are considering some proposals which could cut short the divestment process to merely a few months. The process of selling PSUs could be completed sooner than thought. The NITI Aayog and the Department of…

The BharatNet project is an initiative taken under the Modi government’s Digital India vision, to bring internet connectivity in all 2.5 lakh gram panchayats across the country. The Standing Committee on Information Technology…