The Gensol Engineering crisis highlights deep-rooted corporate governance failures, with former ICAI President Amarjit Chopra calling for urgent reforms to hold promoters accountable for fraud. He emphasizes greed as the root cause and questions, “Why isn’t there an oversight body…
Read More
Tata Steel has allocated Rs 15,000 crore for capital expenditure across its India, UK, and Netherlands operations in FY26, with 80% dedicated to ongoing Indian projects. The company is expanding capacity in India, transitioning to electric arc furnaces in the…
Read More
The new contract and procurement manual is expected by July, ET has learnt. While the bigger contracts go through proper scrutiny, contracts below Rs 100 crore are assigned by departments, ministries and CPSEs in their independent capacity.
Read More
The move is likely to benefit at least six power plants with a total planned capacity of around 8 GW, but the capacity remaining to be tied up is around 4 GW, because PPAs have either not been signed or…
Read More
Despite the rise of digital payments, currency in circulation in India has increased, driven by strong rural demand and agricultural output. Total currency in circulation reached Rs 38.1 lakh crore in early May, reflecting a significant portion of GDP.
Read More
These CPSEs and government entities have set a total capital expenditure target of Rs 7.85 lakh crore for FY26, almost unchanged from last fiscal’s actual spending of Rs 8.07 lakh crore, which surpassed the revised goal of Rs 7.87 lakh…
Read More