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Defence minister inks contract of Rs 1,950cr for 2 mountain radars with PSU BEL for IAF | India News

Senior officials of the defence ministry and PSU BEL ink the mountain radar deal in New Delhi on Tuesday NEW DELHI: The defence ministry has inked a major capital acquisition contract with PSU Bharat Electronics Limited (BEL) for the procurement of two mountain radars, including associated equipment and infrastructure, for the Indian Air Force, at…

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Who is Ashok Kumar Panda? PESB recommends SAIL finance director for CMD post; top PSU role awaits ACC nod

Government head-hunter Public Enterprises Selection Board (PESB) has recommended Ashok Kumar Panda, Director (Finance) at Steel Authority of India Ltd (SAIL), for the post of Chairman and Managing Director (CMD) at the state-run steel major, PTI reported.Panda was among 10 shortlisted candidates interviewed for the top post at India’s largest public-sector steel-making entity.The position will…

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FM Sitharaman rules out roadmap for PSU bank mergers, panel to review sector reforms

The government currently has no roadmap for mergers among public sector banks, Finance Minister Nirmala Sitharaman said, indicating that consolidation is not under active consideration even as a new banking reform panel is set to review the sector’s future.“I am not familiar with any roadmap…there isn’t one,” Sitharaman said in a media briefing after her…

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In a first, space PSU Nsil to distribute pvt firm GalaxEye’s satellite data | India News

BENGALURU: Bengaluru-based space start-up GalaxEye has signed a channel partnership agreement with Space PSU NewSpace India Limited (Nsil), marking the first time the State-owned company has partnered with a domestic private player to distribute satellite data.Under the agreement, Nsil will resell high-resolution OptoSAR data generated by GalaxEye’s own satellites. GalaxEye’s upcoming spacecraft will be folded…

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PSU bank rally: SBI overtakes TCS to become India’s 4th most valuable listed firm

State Bank of India (SBI) has overtaken Tata Consultancy Services (TCS) to become India’s fourth-largest listed company by market capitalisation, supported by a sharp post-results rally and improving sentiment around public sector banks.SBI’s market capitalisation now stands at nearly Rs 10.92 lakh crore, ahead of TCS at about Rs 10.52 lakh crore, according to an…

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PSU banks profit may cross Rs 2 lakh crore in FY26; DFS secretary M Nagaraju hints strong credit growth

Public sector banks (PSBs) are expected to cross the Rs 2 lakh crore combined profit mark in the current financial year, buoyed by strong balance sheets, steady credit expansion and improved asset quality, Financial Services Secretary M Nagaraju said.Speaking to PTI in an interview, Nagaraju said the Indian banking system remains resilient, supported by regulatory…

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