Business

PSEs accumulate vitality to end, divest items

New Delhi: The union cabinet on Wednesday approved a decision to provide more autonomy to public sector entities (PSEs) by empowering their boards to decide on the closure and divestment of units or subsidiaries.The cabinet also delegated additional powers to the alternative mechanism to accord ‘in principle’ approval for disinvestment and minority stake sale in…

Published

2 years ago

May 19, 2022

Shrishti

PSEs accumulate vitality to end, divest items

Contemporary Delhi: The union cupboard on Wednesday authorized a name to give extra autonomy to public sector entities (PSEs) by empowering their boards to preserve on the closure and divestment of issues or subsidiaries.The cupboard additionally delegated extra powers to the different mechanism to accord ‘in principle’ acclaim for disinvestment and minority stake sale in Maharatna PSUs.The decision is geared toward reforming the functioning of PSEs…
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Business

Main person cos to proceed capex

Several leading consumer facing companies including Hindustan Unilever, Britannia, Voltas, Havells, Blue Star and Titan Company are going to continue their high capital expenditure (capex) and expansion this fiscal as that in FY23, senior executives told ET and analysts in recent earning calls.Much of the capex is ear-marked for new factories…

Published

1 year ago

May 16, 2023

Shrishti

A lot of main person facing companies together with Hindustan Unilever, Britannia, Voltas, Havells, Blue Smartly-known person and Titan Company are going to proceed their excessive capital expenditure (capex) and growth this fiscal as that in FY23, senior executives informed ET and analysts in contemporary incomes calls.Much of the capex is ear-marked for ticket spanking contemporary factories…
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