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.
Source: moneycontrol.com
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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.
Source: indiatimes.com
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...
Source: marketwatch.com
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...
Source: marketwatch.com
M.D.C. Shares Climb on Sale Agreement With Japan's Sekisui House
By Sabela Ojea Shares of M.D.C. Holdings on Thursday climbed after the company said it is selling itself to Japan's Sekisui House at a premium price. At 9:47...
Source: marketwatch.com