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Public Sector Undertakings (PSU) in India are government-owned entities in which at least 51% of stake is under the ownership of the Government of India or state governments.These type of firms can also be a joint venture of multiple PSUs. These entities perform commercial functions on behalf of the government.
Government of Kerala (transferred ownership to the Government of Kerala) [6] 29: Ranchi Ashok Bihar Hotel Corporation: 2020: Government of Jharkhand (transferred ownership to the Government of Jharkhand) [7] 30: Jammu Ashok Hotel Corporation: 2020: Government of Jammu and Kashmir (transferred ownership to the Government of Jammu and Kashmir) [8 ...
NTPC Limited, formerly known as National Thermal Power Corporation, is an Indian central Public Sector Undertaking (PSU) under the ownership of the Ministry of Power and the Government of India, who is engaged in the generation of electricity and other activities. The headquarters of the PSU are situated at New Delhi. NTPC's core function is ...
Public Sector Undertakings (Banks) are a major type of government-owned banks in India, where a majority stake (i.e., more than 50%) is held by the Ministry of Finance (India) of the Government of India or State Ministry of Finance of various State Governments of India. The shares of these government-owned-banks are listed on stock exchanges.
Punjab National Bank is a Public sector undertakings in India (PSU) working under the government of India regulated by the Reserve Bank of India Act, 1934 and the Banking Regulation Act, 1949. It was registered on 19 May 1894 under the Indian Companies Act, with its office in Anarkali Bazaar , in pre-independent India (present-day Pakistan ).
Tamil Nadu Government Organisations are different types & under the control of different departments as follows: Public Sector Undertaking (PSU) registered under the Companies Act, 1956 Apex cooperative societies registered under the Tamil Nadu Societies Registration Act, 1975
In 2002, it was reported that Kerala government have chosen to either restructure or close the loss-making enterprises and has no plan for privatisation. [5] As per CAG report for 2008-2009, Kerala PSUs lack accountability, and needs improvement for imbibing professionalism and efficiency. It showed an incurred loss of ₹ 589 crore.
With effect to the government of India's policy decision to provide state-owned BSNL with another revival package worth 1.64 lakh crore rupees, the struggling PSU was merged with the Government's special purpose vehicle BBNL. This gave the struggling PSU a boost and an additional advantage of additional 5.67 lakh kilometers of optical fiber wh ...