Listed companies, companies which accept public deposits, and companies which have borrowed Rs 50 crore or more from banks or public financial institutions are required to establish a vigil mechanism for directors and employees to report genuine concerns
Experts noted that the surrender of these blocks did not indicate any issues with the mining potential of these blocks as many were surrendered after the allottees did not develop the blocks for production in line with timelines agreed upon.
Well number 5 of the Baghjan oil field suffered a blowout on May 27 during a ‘workover’ procedure aimed at extending the productivity of the well, handled by John Energy Private Ltd, contracted by OIL for the process.
Bhargava also said that while sales of Maruti Suzuki cars would be lower this year than in the previous fiscal, it was impossible to realistically forecast the performance of Maruti Suzuki or the auto industry as whole for FY21 at this stage.
Exports in the textiles sector witnessed a steep drop in April. For instance, shipments from Tirupur plummeted nearly 90 per cent to around Rs 225 crore that month due to a combination of low demand and the nationwide lockdown, according to Tirupur Exporters Association executive secretary S Sakthivel.
Capital markets regulator Securities and Exchange Board of India (SEBI) has come out with guidelines that allow listed companies to serve the letter of offer, application form, and other offer material electronically. What changes for a share holder?
The FM also announced a Rs 30,000-crore special liquidity scheme, in which the government will fully guarantee investments in investment grade debt paper of non-banking financial institutions, housing finance companies and microfinance institutions.