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Lokpal findings flag irregularities in SAILs commercial dealings, directs CBI probe

Lokpal s order disclose allegations levelled against SAIL s chairman and executive director (Sales and ITD) for relaxing prices causing losses to the state-owned steel entity. Its dealings with Venkatesh Infra Projects and Avon Steel Industries will be probed by CBI. ....

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SAIL's finance and commercial directors suspended after getting directions from Lokpal

Separately, NMDC also announced that V. Suresh, Director (Commercial) has been suspended with immediate effect. ....

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SAIL directors suspended after Lokpal concludes discrepancies in commercial deals, ET Auto

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. ....

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Homebuilder M.D.C. being bought by Japan's Sekisui in a $4.9 billion deal

M.D.C. Holdings' stock rocketed toward a 19-year high Thursday, after the Colorado-based homebuilder announced an agreement to be bought by Japan-based. ....

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Sekisui House to Expand U.S. Homebuilding Footprint with $4.9B M.D.C. Holdings Merger

By Adriano Marchese M.D.C. Holdings and Japanese house manufacturer Sekisui House are set to merge into one of the largest homebuilders in the U.S. in an. ....

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