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Public Sector Mergers In India: Does Size Bring Synergies?

In June 2017, the $23 billion Vodafone-Idea Cellular merger got the go ahead from the Competition Commission of India. A few days later, the government announced a .....»»

Category: blogSource: valuewalkAug 12th, 2017

Public sector, Central Govt officers to launch agitation against "privatisation moves"

The officer cadre in the public/ Central Government sectors is growing restive over ‘suspected moves’ aimed at large-scale mergers/ privatisation. The All India Public Sector And Central Governmen........»»

Category: topSource: thehindubusinesslineAug 6th, 2017

It"s the season of mergers in India"s public sector landscape

Consolidation has reversed a long spell of setting up new enterprises by each new govt in New Delhi.....»»

Category: topSource: business-standardApr 4th, 2017

IBPS/Bank PO: General Awareness Book & Papers With 3000 GK Questions

IBPS examinations are the single largest examinations conducted for recruitment in to private and public sector banks in India......»»

Category: topSource: business-standardOct 16th, 2017

Govt invites bids for strategic disinvestment of 4 PSUs

The government has invited bids from central public sector enterprises (CPSEs) for buying its entire shareholding in consultancy firms, NPCC, HSCC and EPI as it looks to bring all advisory business under one outfit. Besi.....»»

Category: topSource: business-standardOct 12th, 2017

IMF approves measures to clear up bad loans in public sector banks; says more needed

Corporate and banking sectors in India continue to be vulnerable, says the global organisation.....»»

Category: topSource: thehindubusinesslineOct 11th, 2017

France: Macron"s reforms stoke public sector anger

French public sector workers are staging strikes across France in protest at labour reforms. As David Pollard reports, President Macron is finding it increasingly hard to bring in the economic reforms many think France needs......»»

Category: videoSource: reutersOct 10th, 2017

GST Council decisions provide relief to SME sector: India Inc

Decision to bring down rate for AC restaurants to 12% and reduction of tax slabs for around 60 items to 5% from 12% will help boost household spending and further economic.....»»

Category: topSource: business-standardOct 6th, 2017

Rising oil to fuel ONGC, Oil India earnings

Rising demand and geopolitical tensions have led to a rally in crude oil prices, which touched their two-year highs on Tuesday. With Brent crude oil at $59-60 a barrel, the prospects of upstream public sector oil producers such as O.....»»

Category: topSource: business-standardSep 27th, 2017

Public sector officers threaten strike over decision to offload BSNL tower biz

The decision to offload 66,000 mobile towers of BSNL will decisively pull back the public sector telecom behemoth from its growth path, says the All India Public Sector and Central Government Officer........»»

Category: topSource: thehindubusinesslineSep 19th, 2017

Cabinet clears amendment for Rs 20 lakh gratuity ceiling in private sector

To increase the maximum level of gratuity to Rs 20 lakh in private sector, public sector and autonomous organisation under the government and bring it on a par with Central government employees, the ........»»

Category: topSource: thehindubusinesslineSep 12th, 2017

NBCC told to focus on becoming a $3-billion PSU

The new Minister for Housing and Urban Affairs Hardeep Singh Puri has urged public sector undertaking NBCC (India) Ltd to work towards becoming a $3-billion PSU. Government officials privy to the dis........»»

Category: topSource: thehindubusinesslineSep 8th, 2017

SAIL needs to review land bank, JV holdings to pare debt: BCG

Boston Consulting Group (BCG) has suggested that public sector steel major, Steel Authority India Ltd (SAIL), review the relevance of its huge land bank and joint venture holdings in view of the cash required to deal with its debt.....»»

Category: topSource: business-standardSep 1st, 2017

Insurers close doors on GM cars, thousands of Chevrolet owners to be hit

Several thousands of Chevrolet car owners in India will soon find themselves stuck running for insurance cover of their vehicle. Leading insurance companies in the public and private sector are learnt to have stopped offering cover .....»»

Category: topSource: business-standardAug 24th, 2017

Insurers close doors on GM cars, to affect thousands of Chevrolet owners

Several thousands of Chevrolet car owners in India will soon find themselves stuck running for insurance cover of their vehicle. Leading insurance companies in the public and private sector are learnt to have stopped offering cover .....»»

Category: topSource: business-standardAug 24th, 2017

Steel promoters must bring in more capital: Arundhati Bhattacharya

India Ratings & Research maintains a negative outlook on the steel sector for FY18.....»»

Category: topSource: business-standardAug 23rd, 2017

Overwhelming presence of public sector holding back economy: Ruchir Sharma

Ruchir Sharma, chief global strategist with Morgan Stanley Investment Management, says the public sector's presence in India's economy is both overwhelming and a holding-back factor, citing the example of state-owned banks. Deliveri.....»»

Category: topSource: business-standardAug 16th, 2017

India"s tourism potential needs to be tapped: Economic Survey II

Total market size of Indian tourism & hospitality sector is expected to touch $418.9 billion by 2022.....»»

Category: topSource: business-standardAug 11th, 2017

Mergers of small banks may hurt credit sourcing of MSME sector: Report

MSME sector provides the bulk of employment and accounts for 45% of India's manufacturing.....»»

Category: topSource: business-standardAug 5th, 2017

CAG raps govt-owned banks for understating non-performing assets

The Comptroller and Auditor General of India (CAG) has slammed the managements and statutory auditors of 12 public sector banks (PSBs) for over-stating their net profit, by underestimating non-performing assets (NPAs) and under-pro.....»»

Category: topSource: business-standardJul 28th, 2017

Bank mergers to benefit sector, end duplication of resources: Dena Bank CMD

Centre aims to gradually build up 4-5 PSBs of SBI's size through consolidation.....»»

Category: topSource: business-standardJul 23rd, 2017