PSEs adopt Bloomberg's FXGO platform
Bloomberg announcedthat a growing number of India's public sector corporations are adopting Bloomberg's Foreign Exchange electronic trading platform (FXGO) for foreign exchange dealing. The corporations include GAIL, REC and ONGC Videsh Ltd - whose corporate treasury desks are using Bloomberg FXGO to analyse trade ideas, request quotes, execute, and perform post trade analysis, all on a single electronic platform.
Power 20:20 | Best selling power company in generation equipment - BHEL
Bharat Heavy Electricals Limited (BHEL) is owned by the Government of India. Established in 1964, BHEL is India´s largest power plant equipment manufacturer. The company has been earning profits continuously since 1971-72 and paying dividends uninterruptedly since 1976-77.
Our aim is to make all sick PSEs profitable
Under the strong leadership of Prime Minister Narendra Modi, I got the opportunity to head the Heavy Industries Ministry in which BHEL comes under my purview. If you analyse BHEL´s financial progress in the past two-three years, the company has been under tremendous pressure, mainly due to the coal scam that shook India.
Solving India´s Energy Woes
The Government of India´s (GoI) current measures are directed towards bailing out existing investments in the power sector, with increased coal output from CIL and e-auction from coal blocks going towards providing fuel to existing power plants.
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