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Time to sell the small stuff - The Hindu BusinessLine


Time to sell the small stuff
February 04, 2021
On its last legs: Scooters India’s product line-up has dwindled to only 3-wheelers   -  THE HINDU ARCHIVES
On its last legs: Scooters India’s product line-up has dwindled to only 3-wheelers   -  THE HINDU ARCHIVES×
Scores of low-profile public sector companies on the block are the products of a different era
The headline ‘Scooters India to be sold’ has always brought back memories. As a young reporter back in 1985, I d spotted the headline for the first time and dashed off to Udyog Bhavan for details. I found myself face-to-face with a surly joint secretary who replied in monosyllables. That was an era when it was anathema to sell public-sector companies and it didn’t take me long to realise the sale of Scooters India wasn’t going to happen. ....

North West Frontier , Pawan Hans , Air India , Delhi Ashoka Hotel , Corporation Of India , Development India Ltd , Container Corp , Scooters India , Udyog Bhavan , Vijai Super , Royal Enfield , Shipping Corporation , Hindustan Prefab , Hindustan Housing Factory , Ashoka Hotel , Central Delhi , Bharat Pumps , Cement Corp , Ultratech Cement , Ambuja Cement , For Sale , வடக்கு மேற்கு எல்லை , பவன் ஹான்ஸ் , அேக இந்தியா , டெல்ஹி அசோகா ஹோட்டல் , நிறுவனம் ஆஃப் இந்தியா ,

Govt approves closure of Scooters India


Govt approves closure of Scooters India
Updated:
Updated:
The firm has around 100 employees.
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The firm has around 100 employees.
The government has approved closure of loss-making state-owned firm Scooters India Limited and shutting down the operations of its units, the company said on Thursday. PTI had reported a week ago that the Cabinet Committee on Economic Affairs (CCEA) is believed to have given its consent to the closure of the Lucknow-based company.
In a BSE filing, Scooters India said the Ministry of Heavy Industry and Public Enterprises has communicated that the competent authority has approved the closure. It has also cleared seeking a loan (with interest) of ₹ 65.12 crore required for the closure from the Government of India. ....

Uttar Pradesh , Vkram Lambro , Cabinet Committee On Economic Affairs , Ministry Of Heavy Industry , Uttar Pradesh State Industrial Development Authority , Scooters India , Public Enterprises , Industry Ministry , Scooters India Limited , Cabinet Committee , Economic Affairs , Heavy Industry , Industrial Disputes Act , Vijai Super , Heavy Industry Ministry , Two Wheeler Production , Three Wheelers , உத்தர் பிரதேஷ் , மந்திரி சபை குழு ஆன் பொருளாதார வாழ்க்கைத்தொழில்கள் , அமைச்சகம் ஆஃப் கனமான தொழில் , உத்தர் பிரதேஷ் நிலை தொழில்துறை வளர்ச்சி அதிகாரம் , ஸ்கூட்டர்கள் இந்தியா , பொது நிறுவனங்கள் , தொழில் அமைச்சகம் , ஸ்கூட்டர்கள் இந்தியா வரையறுக்கப்பட்டவை , மந்திரி சபை குழு ,

Govt approves closure of loss-making state-owned firm Scooters India


The government has approved closure of loss-making state-owned firm Scooters India Limited and shutting down the operations of its units, the company said on Thursday.
PTI had reported a week ago that the Cabinet Committee on Economic Affairs (CCEA) is believed to have given its consent to the closure of the Lucknow-based company.
In a BSE filing, Scooters India said the Ministry of Heavy Industry and Public Enterprises has communicated that the competent authority has approved the closure.
It has also cleared seeking a loan (with interest) of Rs 65.12 crore required for the closure from the Government of India.
Besides, it has approved separating the regular employees rendered surplus due to the closure through voluntary retirement scheme / voluntary separation scheme (VRS/VSS). ....

Uttar Pradesh , Vkram Lambro , Cabinet Committee On Economic Affairs , Ministry Of Heavy Industry , Uttar Pradesh State Industrial Development Authority , Scooters India , Public Enterprises , Industry Ministry , Scooters India Limited , Cabinet Committee , Economic Affairs , Heavy Industry , Industrial Disputes Act , Vijai Super , Heavy Industry Ministry , உத்தர் பிரதேஷ் , மந்திரி சபை குழு ஆன் பொருளாதார வாழ்க்கைத்தொழில்கள் , அமைச்சகம் ஆஃப் கனமான தொழில் , உத்தர் பிரதேஷ் நிலை தொழில்துறை வளர்ச்சி அதிகாரம் , ஸ்கூட்டர்கள் இந்தியா , பொது நிறுவனங்கள் , தொழில் அமைச்சகம் , ஸ்கூட்டர்கள் இந்தியா வரையறுக்கப்பட்டவை , மந்திரி சபை குழு , பொருளாதார வாழ்க்கைத்தொழில்கள் , கனமான தொழில் ,