News digest: Directors flout norms, Vedantas's expansion plan, and more

Both private and public sector firms don't have the requisite number of directors

Over 100 firms flout norms on directors
 
There seem to be quite a few empty chairs in the boardrooms of India Inc. Both the Securities and Exchange Board of India’s (Sebi’s) listing regulations and the Companies Act of 2013 mandate that a certain proportion of a company’s board be composed of independent directors. The presence of such directors is said to provide better oversight and help improve governance. Read more
 
Internal accruals to fund $8-bn expansion: Vedanta
 
Vedanta’s proposed $8-billion (Rs 560-billion) investment in various verticals will largely be financed through “internal accruals”, with