Latest news with #PSUs
The Hindu
14 hours ago
- Business
- The Hindu
IIPE launches web-based M.Tech program in Data Science and Machine Learning
The Indian Institute of Petroleum and Energy (IIPE), Visakhapatnam, has introduced a Web-based program in Data Science and Machine Learning. The program is designed for working professionals aiming to transition into roles such as Data Scientist or Data Engineer. Admission timeline The curriculum includes core and elective courses followed by a thesis project. The total program requirement is 45 credits, divided into 27 credits of coursework and 18 credits for the thesis. The program can be completed in five to eight semesters. A maximum of three courses can be taken per semester. Classes are scheduled outside regular office hours, including weekends. Admission to the program is open to candidates with a four-year bachelor's degree or a master's degree with a minimum of 55% marks or 5.5 CGPA. A minimum of one year of work experience is required. Selection will be based on a written test or interview conducted online. The application process begins on May 5, 2025 and ends on June 22, 2025. The written test and interview are scheduled for June 30, 2025. Selected candidates will be announced on July 1, 2025. The admission fee must be paid by July 6, 2025, and the first semester tuition fee by August 11, 2025. Classes for the first semester will commence on August 12, 2025. About the program The program offers multiple exit options. Candidates who complete the first two semesters are eligible for a Certificate Course. Completion of all nine theory courses will result in a PG Diploma. Completing all 45 credits will lead to an degree. The courses span a variety of topics, including mathematical foundations of Data Science, optimisation, Python Programming, Statistical Techniques, and Machine Learning. Electives include subjects such as Reinforcement Learning, Natural Language Processing, Image Processing, Time Series Analysis, Deep Learning, and Big Data Analytics. The program is self-paced and conducted online, but the final exams require physical attendance. Project work must be completed at the student's workplace, under the supervision of an internal guide from IIPE and optionally, an external guide from the organisation. Fee details The total fee for Indian residents is ₹5,00,000, including a one-time admission fee of ₹50,000 and ₹30,000 per course. For foreign nationals, the total fee is $11,500. Application fees are ₹1,000 for Indian residents and $50 for foreign nationals. Fee waivers are available. Sponsored candidates from government departments, PSUs, and defense sectors can receive a waiver for up to three courses in the final semester. Nominated candidates from the same sectors are eligible for a two-course waiver. MSMEs must nominate at least three candidates, and private corporates must nominate five candidates to qualify for waivers.
Time of India
a day ago
- Business
- Time of India
Energy secy Alok passes away after prolonged illness
Jaipur: State energy secretary Alok passed away in the early hours of Monday in New Delhi following a prolonged illness. He is survived by his wife and two sons. A 1993-batch Rajasthan cadre officer, additional chief secretary Alok, who was on deputation to the Centre, took over the reins of the debt-ridden energy department in Feb last year after the new BJP govt came to power. He played a key role in steering the state govt's strategy to overhaul the sector by signing MoUs with the central PSUs and expediting the rollout of decentralised solar projects at the sub-station level, aimed at solarising agriculture connections. While much of the revamping, long-term in nature, is still in the early stages of progress, and the state's power utilities, including discoms, are still burdened with debts of about Rs 1.5 lakh crore, his passing away comes as a big loss for the sector. Around two months ago, he relinquished charge of the department to discoms chairman Arti Dogra as he moved to Delhi for treatment. Chief Minister Bhajan Lal Sharma expressed his condolences and said Alok was a source of inspiration for many in his fraternity. Energy minister Heeralal Nagar also acknowledged his commitments to bringing changes in the power sector. "He was a capable and dutiful administrative officer. He made tireless efforts to materialise the resolve of CM Bhajan Lal Sharma to make Rajasthan a leader in the field of energy," said Nagar in a statement. During his career, Alok worked as collector of Udaipur, Kota, Bikaner and also helmed crucial departments as MD of RSRTC, RIICO, principal secretary of PWD, and revenue, among others.
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Business Standard
3 days ago
- Business
- Business Standard
LIC tops PSUs chart with record Rs 19,013 crore profit in Q4FY25
State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit making company among PSUs in March quarter FY25, netting a little over Rs 19,000 crore. Last week, LIC reported 38 per cent jump in net profit for January-March FY25 at record Rs 19,013 crore as compared to Rs 13,763 crore in the corresponding quarter in the previous year. The insurance behemoth was followed by the country's biggest lender State Bank of India (SBI) with Rs 18,643 crore profit during the fourth quarter. However, SBI was ahead of LIC in terms of annual profit as it earned Rs 70,901 crore in FY25 as against Rs 48,151 crore of LIC. Among other PSUs, Coal India earned a net profit of Rs 9,604 crore in the quarter followed by Power Finance Corporation (PFC) earning Rs 8,358 crore and NTPC Rs 7,897 crore, as per the data available on stock exchanges. In the oil sector, Indian Oil Corporation (IOC) closed the fourth quarter with a net profit of Rs 7,265 crore followed by exploration giant ONGC at Rs 6,448 crore. Other Central Public Sector Enterprises (CPSEs) like REC Ltd posted a net profit of Rs 4,304 crore, Power Grid Corporation of India ( Rs 4,143 crore) and Steel Authority of India Ltd (Rs 1,251 crore). A day after the stellar performance of LIC, its shares jumped 8 per cent to settle at Rs 942.55 apiece on the BSE on May 28. During the day, it jumped 8.83 per cent to Rs 948. The company's market valuation climbed Rs 45,223.74 crore to Rs 5,96,162.66 crore. LIC's Assets Under Management (AUM) increased to Rs 54,52,297 crore as of March 31, 2025, as compared to Rs 51,21,887 crore on March 31, 2024, registering an increase of 6.45 per cent year-on-year. During the quarter, LIC's income from renewal premiums rose to Rs 79,138 crore compared to Rs 77,368 crore a year ago. At the same time, expenses of management came down to Rs 16,495 crore from Rs 24,709 crore in the same period a year ago. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Economic Times
5 days ago
- Business
- Economic Times
Bharat Dynamics shares rally 6% as govt plans Rs 40,000 crore defence R&D push
Bharat Dynamics shares jumped 5.6% after reports said the government plans to raise defence R&D spending to Rs 40,000 crore next year and double it over five years, allowing private players to compete with PSUs. Separately, a Rs 2,000–3,000 crore missile order for BDL is in the works. The company is also expanding output amid rising demand. Tired of too many ads? Remove Ads Support for private sector, acquisition reform Tired of too many ads? Remove Ads Separate Rs 2,000–3,000 crore missile deal in pipeline Strategic context: Aftermath of Operation Sindoor Long-term tailwinds for BDL Tired of too many ads? Remove Ads Shares of Bharat Dynamics surged as much as 5.6% on Friday to Rs 2,082.75 on the BSE after a report indicated that the Indian government is preparing to sharply increase defence R&D spending to Rs 40,000 crore next year, with plans to double it over the next five years, while enabling private players to compete on equal footing with public sector to an ETNOW exclusive citing government sources, the Ministry of Defence is working on a proposal to significantly raise R&D expenditure—from around Rs 27,000 crore currently to nearly Rs 40,000 crore by next year—and further scale it up to Rs 70,000–80,000 crore over the next four to five government also plans to simplify the defence acquisition process and amend existing rules to 'create a level playing field for the private sector,' the report said. It further noted that 'private sector companies will also be allowed to bid for various projects alongside PSUs such as Hindustan Aeronautics Ltd Mazagon Dock Shipbuilders Ltd , and Bharat Dynamics Ltd.'Shares of Bharat Dynamics Ltd (BDL) jumped on the news, with high trading volumes underscoring strong investor interest. BDL is part of the Nifty Midcap 150 index, highlighting its significance within India's mid-cap equity space. Shares of Hindustan Aeronautics Ltd also rose as much as 1.2% to Rs 5,063 on the BSE during Friday's Ministry is reportedly 'working on a proposal to support defence R&D projects' and plans to ensure that 'the private sector is likely to receive financial support comparable to public sector companies,' ETNOW anticipated overhaul in R&D funding and procurement rules comes amid the government's broader push to boost indigenous defence manufacturing and reduce import dependence. The defence establishment also aims to accelerate development timelines for critical technologies by streamlining approvals and increasing private sector Bharat Dynamics is in focus following a May 27 Moneycontrol report that the Ministry of Defence is preparing a procurement order for 500 Invar anti-tank guided missiles (ATGMs) from the state-run firm. The deal is estimated to be worth between Rs 2,000 crore and Rs 3,000 missiles, known for their precision strike capabilities, will be deployed on India's T-90 main battle tanks. The proposal is currently under financial expected missile procurement follows Operation Sindoor, a precision military strike launched in response to a deadly terrorist attack in Pahalgam that claimed 26 civilian lives. The operation showcased India's increasing reliance on indigenous high-tech defence systems, including drones, air defence networks, and electronic warfare plan to equip T-90 tanks with Invar missiles from Bharat Dynamics aligns with the government's broader thrust on operational preparedness and domestic is well-positioned to benefit from India's expanding defence budget and modernisation drive. The company currently has an order book of Rs 3,110 crore and is targeting revenue growth of 28–30% in FY25. It has also made significant progress in indigenising critical components to reduce supply chain state-run missile maker is expanding its production capacity, aiming to double output in 3–5 years and triple it within the next decade to meet rising domestic and global demand.: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Business Standard
5 days ago
- Business
- Business Standard
FPIs' investment in corporate bonds rises 11.4% in FY25: RBI report
Investments by foreign portfolio investors (FPIs) in corporate bonds grew by 11.4 per cent in 2024–25, rising from ₹1.08 trillion in 2023–24 to ₹1.21 trillion in FY25, according to the Reserve Bank of India's Annual Report 2024–25. However, utilisation of the approved investment limits declined slightly to 15.8 per cent as of end-March 2025, down from 16.2 per cent a year earlier, primarily due to an expansion in the absolute investment limits for FPIs, the report said. Primary corporate bond issuances during the year rose by 16.1 per cent to ₹9.9 trillion, up from ₹8.6 trillion in 2023–24. Outstanding corporate bonds (as of end-December) also increased by 13.3 per cent, reaching ₹51.6 trillion compared to ₹45.5 trillion in the previous year, the report noted. Additionally, primary issuances of listed corporate bonds on domestic stock exchanges increased in the year, along with higher mobilisation through overseas markets. Private placements continued to dominate as the preferred mode of issuance, accounting for 99.2 per cent of total funds raised in the domestic bond market. The report highlighted that average daily turnover in the secondary market rose to ₹7,645 crore in 2024–25, up from ₹5,722 crore in the previous financial year. 'Average daily turnover in the secondary market on corporate bonds increased to ₹7,645 crore during 2024–25 from ₹5,722 crore during the previous year,' it stated. Corporate bond yields declined in line with government securities (G-sec) yields, with the average yield on AAA-rated 3-year bonds falling by 15 basis points (bps) for public sector undertakings (PSUs), financial institutions (FIs), and banks; 28 bps for non-banking financial companies (NBFCs); and 33 bps for corporates as of March 2025 compared to March 2024. However, the spread between these corporate bond yields and G-sec yields of similar maturity widened, indicating that the drop in corporate bond yields lagged the decline in G-sec yields. 'Corporate bond yields softened during 2024–25, mirroring G-sec yields. The monthly average yield on AAA-rated 3-year bonds of PSUs, FIs and banks; NBFCs; and corporates fell by 15 bps, 28 bps and 33 bps, respectively, in March 2025 vis-à-vis March 2024,' the report added.
