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Company name when it was a PSU Privatised/Acquired/Merged (year) Present owner 1: The Madras Aluminium Company Limited (MALCO) 2004: Vedanta Resources: 2: Hindustan Teleprinters Limited: 2001: HFCL: 3: Bharat Aluminium Company: 2001: Vedanta Resources: 4: Hindustan Zinc: 2001: Vedanta Resources (64.92%), Government of India (29.54%) 5: Modern ...
In India, state-owned enterprise is termed a Public Sector Undertaking (PSU) or a Central Public Sector Enterprise (CPSE). These companies are owned by the Union Government, or one of the many state or territorial governments, or both. The company equity needs to be majority owned by the government to be a PSU. Below are some Examples.
The public sector undertakings are headed by the head of board of directors also known as chairperson cum managing director cum chief executive officer and a vice chairperson cum deputy managing director cum co-chief executive officer along with the members of the board of directors also known as executive director cum c-level officer who are Group 'A' gazetted officers appointed by the ...
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Nirmala Sitharaman stated that there is a need for a coherent policy where all sectors are open to private sector participation while PSU's play an important role in defined areas. [11] Since financial year 1991-92 to 2017-18 the Government of India sold public assets totalling ₹3,47,439 Crore.
The NIFTY 50 index covers 13 sectors of the Indian economy and offers investment managers exposure to the Indian market in one portfolio. As of July 2024, NIFTY 50 gives a weightage of 32.76% to financial services including banking , 13.76% to information technology , 12.12% to oil and gas , 8.46% to consumer goods , and 8.22% to automotive .
TKO shares rose nearly 15% on the news. Click here for in-depth analysis of the latest stock market news and events moving stock prices . Read the latest financial and business news from Yahoo Finance
Stocks closed higher on Wall Street as the market posted its fifth straight gain and the Dow Jones Industrial Average notched another record high. The S&P 500 rose 0.3%. The benchmark index’s 1. ...