Petronet CEO gets 12.5 pc higher commission in FY18

Petronet LNG, India’s biggest liquefied natural gas importer, has paid a 12.5 per cent higher commission-on-profit to its chief executive Prabhat Singh and company directors in the fiscal year ended March 31, 2018. According to the company’s Annual Report for 2017-18, Singh was paid a commission of Rs 22.50 lakh over and above his remuneration. […]

CBI arrests Northern Coalfields manager in bribery case

The Central Bureau of Investigation (CBI) on Wednesday arrested Senior Manager (Civil) of Northern Coalfields Ltd, Singrauli for demanding and accepting a bribe of Rs10,000 from a complainant. During the probe, the CBI recovered cash and investments of about Rs. 1.92 cr. The arrested accused was later produced before the court and has been sent […]

Singapore’s ST Engineering to buy aircraft part maker from GE for $630 million

Singapore Technologies Engineering Ltd on Thursday said it had agreed to purchase aircraft part manufacturer MRA Systems from General Electric Co for $630 million. The Singapore-based company, which conducts maintenance and repair operations for airlines, said the deal would allow it to move upstream into the manufacturing and spare parts business for engine nacelles, the […]