Union Bank Q1 net dips 22% to Rs 519 cr

Last Updated: Tuesday, July 28, 2015, 13:12

The bank had a net profit of Rs 664.11 crore in the April-June quarter of 2014-15 fiscal.

PNB Q1 net dips 49% to Rs 721 crore on higher provisioning

Last Updated: Tuesday, July 28, 2015, 12:52

Punjab National Bank (PNB)'s first quarter net profit of current fiscal Tuesday showed a 48.68 percent decline from Rs 1,405 crore reported the same quarter of 2014-15 fiscal.

PFC stake sale over-subscribed; Govt nets Rs 1,600 crore

Last Updated: Monday, July 27, 2015, 17:52

With the successful sale of 6.60 crore shares in Power Finance Corp (PFC) through a one-day OFS route at a floor price of Rs 254 apiece, the government would get over Rs 1,600 crore.

PFC stake sale fully subscribed, government may get Rs 1,600 cr

Last Updated: Monday, July 27, 2015, 12:19

PFC is the second PSU to be divested in the current fiscal under the government's disinvestment programme.

PFC stake sale subscribed 36% in initial hour of trade

Last Updated: Monday, July 27, 2015, 11:29

The government is looking to raise over Rs 1,600 crore from sale of 6.60 crore shares in Power Finance Corp (PFC) through a one-day OFS route at a floor price of Rs 254 apiece.

PFC stake sale subscribed 36% in initial hour of trade

Last Updated: Monday, July 27, 2015, 11:29

The government is looking to raise over Rs 1,600 crore from sale of 6.60 crore shares in Power Finance Corp (PFC) through a one-day OFS route at a floor price of Rs 254 apiece.

Canara Bank ups ATM installation target to 1,000 this fiscal

Last Updated: Sunday, July 26, 2015, 12:38

The 27 public sector banks have plans to set up as many as 15,007 ATMs in the country this fiscal. In April-June, they added 3,037 machines.

DoD wants EPFO to invest Rs 6,000 cr, fund commits Rs 1k cr

Last Updated: Sunday, July 26, 2015, 12:13

The Employees Provident Fund Organisation (EPFO) had earlier committed to the Finance Ministry that it will start investing from August 1 in the CPSE ETF, a top official said.

DoD wants EPFO to invest Rs 6,000 cr, fund commits Rs 1k cr

Last Updated: Sunday, July 26, 2015, 12:13

The Employees Provident Fund Organisation (EPFO) had earlier committed to the Finance Ministry that it will start investing from August 1 in the CPSE ETF, a top official said.

Public sector banks can raise funds from market: Sinha

Last Updated: Friday, July 24, 2015, 17:27

With capital needs for public sector banks pegged at Rs 2.39 lakh crore over the next four years, the Finance Ministry on Friday said they have been allowed to raise funds from market to meet capital requirements.

Govt tapping overseas markets to push PSU stake sale

Last Updated: Thursday, July 23, 2015, 21:52

Facing a daunting Rs 69,500-crore PSU stake sale target, the Disinvestment Department has begun tapping new overseas markets like Australia, Japan and Canada to attract their cash-rich pension and sovereign wealth funds.

Neyveli begins talks with unions after employees go on strike

Last Updated: Tuesday, July 21, 2015, 15:14

"The management of the company has already commenced negotiations with the recognised unions and conciliation proceedings before the Regional Labour Commissioner is in process," Neyveli Lignite Corporation said in a BSE filing.