Serious Fraud Investigation Office joins multi-agency probe.
The government is planning to nominate full-time directors while inducting the remaining seven members in the reconstituted board of Satyam Computer Services Ltd, said a top corporate affairs ministry official. The ministry of Corporate Affairs (MCA), which got an interim order from the Company Law Board to supersede the existing board of the Hyderabad-based company, is planning to make the announcement within a week to ensure smooth functioning at Satyam.
Maharashtra will get some respite from its power crises next week
Get ready to face the heat this summer.
The company is also calling back former employees who may want to rejoin the Navratna.
MMTC Ltd, the largest of the three companies, is seeking approval for the merger from its 2,000-odd employees this week, and State Trading Corporation and PEC will launch a similar exercise next month.
Power Finance Corp official overseeing project eased out.
The fate of the 4,000 Mw Sasan ultra mega power project seems uncertain with the entire bidding process being questioned.
The archaic process of awarding coal blocks on a first-come-first-serve basis may soon be replaced by a more efficient and transparent competitive bidding process.
The 4,000 MW Krishnapatnam ultra mega power project in Andhra Pradesh seems to be stuck, thanks to the state government's inability in resolving and expediting issues related to the project.
The govt is mulling the need to exercise its rights under the gas production-sharing contracts.
The government is mulling a policy for developing hydro-power capacity, under which projects, possibly of 2,000-3,000 Mw each, would be drawn up and offered to private and public sector developers.
Four public sector power companies plan to mop up Rs 6,500 crore (Rs 65 billion) through initial public offers in the next three months.
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