ROME Italy's Economy Ministry on Tuesday said that it was working to provide management continuity and protect shareholder interest at state-owned defence group Finmeccanica (SIFI.MI), according to a statement.
"The ministry is working to ensure that the company rapidly adopts a governance system that is able to guarantee the needed management continuity, the protection of shareholders' interests - and therefore of the taxpayer - and the maximum correctness and transparency in decision making," the statement said.
Finmeccanica Chief Executive and Chairman Giuseppe Orsi was arrested Tuesday over bribes allegedly paid to secure the sale of 12 helicopters to India when he was head of the group's AgustaWestland unit, a judicial source with direct knowledge of the situation told Reuters. (Reporting by Steve Scherer)
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What seemed like a possibility for the Nifty to cross the 8,000 mark just two weeks ago has now turned out to be a far-fetched dream. A 7,950-8,000 range could be used to book partial profits and re-enter closer to 7,750-7,800 for the next couple of weeks. The next big trigger would be the arrival of monsoons, writes Ambareesh Baliga. Read