Psu

State-run firms also also rose today after a report said the government had asked some of them to consider share buybacks.

The firms asked include miner Coal India , power utility NTPC, minerals producer NMDC and Engineers India Ltd: Report

With economy in doldrums due to stringent lock-down NPAs are all set to rise August onward, which has led Finmin to go for an analysisThe ministry would analyze regarding the capital requirement for banks to tackle bad loans

Wage revision for employees of public sector banks is pending since November 2017Private sector lenders like ICICI Bank and HDFC Bank ran operations as usual

Indian Bank would be amalgamated with Allahabad Bank under the Centre's move to merge various public sector banksIndian Bank MD and CEO Padmaja Chunduru assured the customers of best services of the both the banks

Among PSU stocks, Shipping Corp of India rose 7.8%, BPCL gained 6.6%The stake sell will help the government to keep its fiscal deficit target in check

Of the total investments made by LIC worth ₹26.6 trillion, as of March 2019, ₹22.6 trillion went into the public sector and only ₹4 trillion went into the private sectorA public listing of LIC is another tool to create transparency

Greater operational and financial autonomy can help state-owned enterprises increase profits, productivity and employment, suggests new research

Highway sector has been one of the best performing areas of the governmentInfra majors can hope Budget to approve fresh issue of tax free bonds to raise capital

The reduction of government stake in PSU banks to 52% is not only on agenda of the government for the last five yearsFinance ministry officials said the long overdue PSU bank ETF will solve the dual purpose of raising resources for the disinvestment department