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  • Business

Govt to shut 3 HMT units, offers VRS to employees

 The Department of Heavy Industry has been undertaking appraisals of each loss making CPSE to assess the prospects of revival.  The government on Wednesday decided to close three unviable units......

Govt to revive 7 ailing central PSUs: FinMin

 The government has approved revival of seven sick central PSUs, including HMT Machine Tools and Tyre Corporation, through disinvestment or joint venture route. The other sick CPSEs which will be......

Govt plans 74% divestment in HMT Bearings

 The government is planning to offload stake in HMT Bearings Ltd (HBL) and is scouting for joint venture partners in some other state-owned firms in a bid to revive sick units. "Divestment up to 74......

Rs 418 cr needed for PSU revival

 Contrary to the general impression, the revival of under performing public sector companies is not a costly exercise with Board of Reconstruction of Public Enterprises coming out with......

HMT selloff to take retail route

The Centre has decided to jettison the strategic divestment route for Hindustan Machine Tools Ltd and instead place its shares in the stock market for retail investment.Also ReadThe Divestment......

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