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Tag Archives: D K Saraf

Twists in selection of ONGC CMD

The PESB on June 19 selected Shashi Shanker (Director, ONGC) as its CMD. This was in line with the expectation in view of the company’s plans for acquisitions, mergers, and futuristic expansion. However, the timing of the selection result drew a lot of attention. Usually, the PESB announces its decision…

Shanker selected for ONGC top post

The public sector headhunter on Monday selected Shashi Shanker (Director- T&FS, ONGC) for the post of CMD, ONGC; a post which is scheduled to fall vacant on 30 September 2017. PESB today held the selection interview to select the successor of D K Sharaf – the outgoing CMD of ONGC….

It’s a big deal: Govt moots merger of oil PSUs to create larger entities

If one goes by the statement of oil minister Dharmendra Pradhan, it may seem that the government is in favor of creating large oil PSU entities. “The Budget has laid the policy. Integration is the need of the hour. Globally, M&A (mergers and acquisitions) is the trend in the oil…

SAIL chairman C S Verma fails to get extension

Steel Authority of India Ltd (SAIL) Chairman & Managing Director C S Verma fails to get extension. His five-year tenure ended on Wednesday. Steel Secretary Rakesh Singh (IAS:1978:PB) to take temporary charge as SAIL CMD. Mr. Verma was appointed SAIL chairman & managing director in June 2010. He still had…

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