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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......

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......

Sick government firms can get into real estate

The booming real estate market in India has caught the attention of the Board for Reconstruction of Public Sector Enterprises as a route for reviving sick public sector units. BRPSE's new chairman......

7 PSUs in red may turn around

Riding on the back of strong manufacturing growth, seven chronic loss-making central public sector units are expected to witness a turnaround in 2006. If they do turn around, the majority of PSUs......