StateOwned

A view of the IMF headquarters. — AFPThe International Monetary Fund (IMF) has sought from the Finance Ministry a fresh report on losses incurred by state-owned enterprises, sources told Geo News on Monday.According to the sources,…

NEW DELHI: India's cabinet on Wednesday approved an Rs 890.47 billion ($10.79 billion) revival package for loss-making Bharat Sanchar Nigam Ltd (BSNL) to help the state-owned telecom operator deploy 4Gand 5G services in a market dominated…

In a significant stride towards its economic reform agenda, the Egyptian government on Sunday successfully sold a 9.5 percent stake in state-run Telecom Egypt. Valued at 3.7 billion Egyptian pounds (approximately $121 million), this…

COLOMBO: A Chinese state-owned firm said on Monday it plans to take its investment in Sri Lanka to $2 billion by building a major logistics hub.Sri Lanka is looking to kickstart its economic recovery after defaulting on its foreign debt…

NEW DELHI: The Centre plans to set up a panel for faster resolution of state-owned companies' land disputes, two government officials with direct knowledge of the matter said on Thursday.The move, part of a renewed push by Prime Minister…

China has advised its state-owned firms to gradually eliminate using the services of four international accounting firms, amid concerns about data security. The development comes after Beijing reached a significant deal that will allow US…

Edited By: Mohammad HarisLast Updated: February 15, 2023, 11:35 ISTBanks' net NPAs declined 32 per cent to Rs 1.15 lakh crore at the end of December 2022.The NPA write-offs by public sector banks in April-December 2022 were Rs 81,000 crore,…

Last Updated: January 04, 2023, 11:17 ISTSebi has been giving state-run companies exemptions from the MPS norm for years now. (Photo: News18)Exemptions from minimum public shareholding norm will be valid for a 'specified period'Indian…

TAIPEI: Taiwan has asked state-owned banks to "appropriately handle" their exposure to China, Finance Minister Su Jain-rong said on Monday (Dec 12), amid the current trade and political tensions between Taipei and Beijing. Taiwan's…

India has asked state-owned firms to consider moving the country’s insolvency court to shut loss-making units, hoping for speedier resolutions as the government looks to slim down its public sector holdings.Public sector companies will have…