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SAIL Directors Suspended: SAIL also placed 26 Below Board Level officials on suspension. SAIL is under investigation for its dealings with Venkatesh Infra Projects and Avon Steel Industries. The Central Bureau of Investigation (CBI) has been directed to probe these dealings. The Lokpal has also instructed SAIL to formulate a clear and unambiguous policy regarding Memorandum of Understanding (MoU) pricing and relaxation. ....
India Business News: Government orders suspension of senior executives of SAIL and NMDC following a directive from the steel ministry. The decision is a fallout of a Jan 1 ....