Musk blasted the "current lords and peasants system for who has or doesn't have a blue checkmark", using an expletive.
Gautambhai has shown that he has ability to withstand payment delays or vexatious court cases. That is where he is on a more comfortable wicket than many others. A revealing excerpt from R N Bhaskar's Gautam Adani: Reimagining Business in India and the World.
Dabhol power plant is a lesson on what to avoid while setting up large infrastructure projects.
The Kurdukar commission, probing the Dabhol Power Project fiasco, would on Friday give its verdict on the controversial issue of its jurisdiction to hear matters pertaining to Central approvals for the multi-crore project of Dabhol Power Company.\n\n\n\n
State-run gas firm Gas Authority of India Ltd has joined hands with Tata Power Co Ltd and British Petroleum to bid as a group for bankrupt US energy firm Enron Corp's Dabhol power plant and LNG import terminal in Maharashtra.
'Our corporate nabobs often milk their companies by appointing procurement and distribution agents, by under- and over-invoicing imports/exports, evading taxes, indulging in insider trading, and dressing up balance-sheets. Satyam fits this pattern, which is widely prevalent in most brick-and-mortar companies.'
The Supreme Court on Monday sought the response of key shareholders in Dabhol Power Corporation -- subsidiaries of GE and Bechtel -- on restarting the litigation-embroiled plant
Foreign and Indian lenders of the troubled Dabhol Power Company would meet in Singapore on Monday to find a solution to the vexed issue even as majority stakeholders in DPC, GE and Bechtel have offered to sell their equity for close to $400 million.
Power Minister Anant Geete said on Tuesday that the finance ministry is considering a proposal to restart the Dabhol Power plant, now lying idle for nearly two years.
Foreign lenders to Enron Corp's $2.9 billion stalled Dahbol power project said on Thursday they had launched arbitration proceedings in a London court to recover their loans and exit from the Indian project.
Conseco listed 52.2 billion dollars in assets in its latest quarterly report, making it the wealthiest firm to come to the court since Enron Corp and WorldCom Inc.
The apex court sets aside Delhi HC order on the oilfield.
Shutdown looms over the plant as severe gas shortages cripple production; company doesn't have money to pay the monthly debt instalment of Rs 108 crore.
Judge ruled that ther lawsuits failed to allege that the ex-directors recklessly failed to discover the fraud.
Dabhol has faced a series of catastrophic equipment failure and is currently battling thinning gas availability.
Mehta's exit and Hilton's entry would see the company making history in India, where women have remained out of the chairperson's slot in energy companies, private or state-run.
Dabhol's assets will be demerged into the power plant and the LNG terminal.
Declaring that he has no ambition of becoming prime minister, Pawar is holding Rahul Gandhi's hand, reassuring Mayawati and reaching out to Mamata Banerjee, reports Aditi Phadnis.
Ratnagiri Gas & Power did some local development under its corporate social responsibility programme.
The trouble is largest FDI projects in India have had a tragic history.
Indian IT company joins Enron, WorldCom and Societe Generale on list of notorious corporate frauds.
While welcoming the reconstitution of the scam-tainted Satyam board, the Nasscomchairman Ganesh Natrajan on Monday said the apex body had advised its members to desist from making "unsolicited offers" to the customers of the beleagured company, which has earned the dubious reputation of being 'India's Enron'.
The surprise was Conde Nast Portfolio's topper for the world's best-ever CEO. It was Henry Ford, founder of Ford Motors. There is no doubt that Ford was a great entrepreneur and business visionary. But, with the hindsight of almost a century, it is worth questioning whether he was a good CEO. Ford could easily have won the accolade in his lifetime for revolutionising the personal transportation industry with the Model T.
Instead of being agents creating shareholder wealth, the corporations at the heart of this form of capitalism seem to have become instruments for enriching their managers by bilking their owners -- shareholders.
Apart from their competence, questions need to be asked about whether credit rating firms can be unbiased about a client who pays them.
The sudden death of Enron founder Kenneth L Lay may have spared his family members from financial ruin, a media report said on Thursday.
What you need to know to deal with tighter regulations, activist shareholders and the crackdown on CEO salaries.
Lay, 64, died on Wednesday, while holidaying near Aspen, Colorado, six weeks after being found guilty of fraud and conspiracy.
This year, a record number of CEOs were ousted. Some were fired, some retired, and some even died. But a great number were also sent to prison. . .
US energy major Enron Corp's original contractors for the $2.96-billion Dabhol power project will complete the unfinished LNG terminal to restart the stalled 2,184 MW plant by next year.
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