If the government wants to continue to mobilise resources from divestments, it needs to ask itself three questions. First, is there clarity regarding the objectives in running particular PSU’s. Second, is the current Ministry-PSU linkage the best structure to ensure that PSU’s function efficiently and three is the divestment giving the government most bang for its bucks. Raising money from sale of Public Sector Undertakings (PSU’s) is now a critical item in meeting fiscal tar

It is in the interest of all stakeholders to ensure CG Power and Industrial Solutions Limited (CG Power) remains operational. For the company to continue to run - taking a leaf out of Fortis Healthcare Limited’s (Fortis) playbook - the immediate task is to ensure liquidity does not dry up. For this the company needs to present a true and fair picture to all stakeholders, particularly its lenders. And, to instil confidence regarding the seriousness of purpose, it needs to chan

The recommendations made by the Committee on Corporate Governance under the Chairmanship of Uday Kotak were incorporated by SEBI as amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In keeping with these amendments, SEBI released a new format for compliance report on corporate governance to be submitted by listed companies to stock exchanges. The revised formats include disclosures to be made on quarterly basis, annual basis for the w