Bourses fine BHEL, MOIL, 3 other PSUs for insufficient independent directors on boardRail Vikas Nigam, BHEL, Oil India, and MOIL were fined by over Rs 10 lakh by the exchanges. The companies have clarified to the exchanges t...
NSE prods PSUs to meet governance normsSecurities and Exchange Board of India (Sebi) issued new corporate governance rules based on Kotak committee recommendations in 2018. Since...
Let’s be realistic, IRCTC valuations cannot sustain: Deepak ShenoyIRCTC has been very richly valued and a much needed correction that is happening is probably good for the stock in any case.
AGR dues: DoT to seek legal view on PSU demands after SC rebuke“Legal help will be sought over the next couple of days. The DoT has the option of telling the apex court that going by the observations, t...
PSUs unhappy with fines over corporate governance violationsThis is not the first instance where listed government entities have refused to comply with Sebi rules.
Panel for updating mining law, move to save PSUs from finesIf executed, the proposal could save Coal India alone a contingent liability of nearly Rs 53,331 core, the panel said in its report.
Defence Ministry tells PSUs to verify overseas partnersDefence Ministry told companies to include integrity pact for agents even as they get freedom to conduct price negotiations directly.
No woman director in 56 NSE-listed companiesAll listed firms were required to have at least one woman director on their boards from April 1, 2015, as per a Sebi directive, as also und...
Over 2,000 companies do not have women directors: GovernmentThousands of corporates are required to have at least one woman director on their Boards under the provisions of the Companies Act, 2013.
Many corporates lack listing governance norms, says NSETwenty five PSUs do not have appropriate composition of the Board of Directors. Qualified independent audit committee is not there in nine ...
'Open to all routes for buying remaining stakes in Hindustan Zinc, Balco'Economic Affairs Secretary Arvind Mayaram had said that there is "no legal impediment" in divesting residual stakes of Hindustan Zinc and B...
Supreme Court allows CBI to share final probe report with lawyersThe court, however, clarified that during initial stages of preparing the charge sheet, its earlier direction on maintaining secrecy would ...
- PSUs must hire the best for top jobs
The government should complete the selection process for CEOs in advance as the retirement dates are given. Professionalism alone can ensur...
PSUs, insurance firms face tough time in consumer fora in 2012Insurance firms and PSUs had to face some tough time in 2012 from the consumer fora which pulled up these entities for causing a rise in fr...
PSUs spending more money in contesting cases: NCDRCPublic sector undertakings (PSUs) are behaving "penny-wise, pound-foolish" and spending more money in fighting cases than they might have t...
- State will axe the ‘board’, not the loss-making PSU
The Maharashtra government, it seems, has given up the path of reforms. The government has now decided to dissolve a board it had set up se...
- Meet on PSU autonomy next week
The first meeting of the high-powered committee to review Navratna and Miniratna scheme for public sector companies will be held next week.