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57% investors say Big-4 auditors have no credibility: IiAS surveyAccording to a survey by Institutional Investor Advisory Services of 63 large investors and sell-side analysts numbering 89, conducted onli...
Boardroom battle to control CG Power has led to value destruction for shareholders: InGovernIt said all elements of corporate governance seem to have failed minority shareholders.
Corporate war stalls Indian Navy’s Rs 20,000 crore projectAnil Ambani's RNEL has filed a complaint with the defence ministry alleging bias towards Larsen & Toubro, also shortlisted for a ‘Make in I...
Singh brothers resign from board of Religare EnterprisesThe company, which is under scrutiny for fund diversion as well as large NPAs, blamed former chairman and managing director Sunil Godhwani ...
Centre may cut down number of coal blocks linked to UMPPs in Odisha, JharkhandThe two captive blocks attached to Tilaiya — Kerandari B and C — have reserves of up to 1,200 million tonnes against the required 850-900 m...
Coal Ministry struggles to find missing information required by courtThe coal ministry is struggling to locate files on coal blocks, particularly information on why some companies were not granted mines.
RPower’s first unit at Sasan UMPP starts generationReliance Power has synchronished the first 660 mw unit of the Sasan Ultra Mega Power Plant and connected it to the National Grid.
Coal-fired political minefields dominate 2012The government did bow to the pressure and announced cancelling licences of 24 mines and imposed penalties like deducting bank guarantees o...
Diesel, LPG rates not to go up as government fights political battleDiesel, domestic LPG and PDS kerosene rates, which have not been revised since June last year, were expected to be raised after the Parliam...
- CAG reports likely to disrupt Parliament proceedings today
Three reports of the CAG, indicting the government for 'huge losses', tabled last week, are likely to disrupt Tuesday's Parliament proceedi...
CAG Vinod Rai: An accountant who’s calling government to accountPreviously, Rai has slammed the govt in the 2G scam, Commonwealth Games, running of MGNREGA and the spending by RIL in an oil block.
- Coal mining blocks: Report suggests Tatas, Jindals, NTPC, MMTC made windfall gains
The UPA govt appeared to stave off a fresh crisis after the national auditor played down suggestions of a Rs 10.7-lakh cr revenue loss.
CAG: Government lost Rs 10.7 lakh crore by not auctioning coal blocksThe CAG-estimated loss figure of Rs 10.67 lakh crore at March 31, 2011 prices is six times that of its highest presumptive loss figure of R...
- BMC shoots down proposal on private helipads
Last time, when the issue came up for decision, the committee had deferred the decision citing environmental and security concerns.
- Govt to carry out cost audit on infra cos
The government may examine the cost of production and profit margins of state-run and private companies building highways, airports, contai...
- DoT refuses to answer 2G questions
DoT has told CAG that it would not respond to further queries on the award of frequency spectrum to a new set of telecom operators in 2008 ...
- Cost audit may be must for core cos
The government may examine the cost of production and profit margins of public and private sector companies building highways, airports, co...