Central Public Sector Enterprise News
Rail Vikas Nigam Ltd IPO to fetch about ₹480 crore to government
Retail investors subscribed about 2.5 times the shares reserved for them, while Qualified Institutional Buyers (QIBs) portion was subscribed 1.36 timesThe total issue size was 25.34 crore shares and the price band for the initial public offer (IPO) was ₹17-19 per share
1 min read3 Apr 2019CPSEs to implement 10% quota for EWS from February
CPSEs employed 10.88 lakh people, excluding casual and contractual workers, in 2017-18.An order regarding the implementation of the EWS reservation has been issued by the Department of Public Sector Enterprises.
1 min read27 Jan 2019Cabinet okays six-lane bridge in Allahabad
The new 6-lane bridge will also be beneficial for the Lucknow and Faizabad-bound traffic coming from Madhya Pradesh via National Highway-27 and National Highway-76 through Naini Bridge
2 min read6 Jun 2018Nifty CPSE index falls 10% in a year on weak energy stocks
The Nifty CPSE index lost10.2%in the one-year period ended 25May, while the benchmark 30-share Nifty index gained11.52%
3 min read29 May 2018Budget 2018: NHAI, CPSEs’ tapping InvIT route could be a boost for market
NHAI and other central public sector enterprises can tap the infrastructure investment trust (InvIT) route for raising capital, finance minister Arun Jaitley said in budget speech
2 min read1 Feb 2018Cabinet approves new mechanism to speed up strategic disinvestment
The Union Cabinet has mandated a panel led by finance minister Arun Jaitley to oversee, accelerate strategic disinvestments in CPSEs
2 min read17 Aug 20173rd Pay Commission for CPSE employees: Cabinet clears 15% salary hike
Union cabinet clears the implementation of the recommendations of the 3rd Pay Commission for a 15% hike in salaries for CPSE employees
1 min read19 Jul 2017Nifty CPSE index outperforms Nifty
While the Nifty 50 gained 21.1% in the 12 months ended 19 May and the BSE Sensex rose 19.94%, the Nifty CPSE index jumped 50.6%
2 min read24 May 2017Air India, BSNL among 43 CPSEs making losses for 3 years
Major reasons for CPSE losses include resource crunch, low capacity utilization, oil plant and machinery, stiff competition, weak marketing and mismanagement
1 min read28 Mar 2017BSE to drop HMT from CPSE index from 27 February
The move comes as HMT is being transferred to ’Z’ group, wherein its scrips would be settled on trade-for-trade basis
1 min read20 Feb 2017Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared