The settlement with Sebi was seen as Infosys admitting guilt of the lapse, clearing out any legal or regulatory challenges and preparing ground for new chief executive officer Salil Parekh.
Reactions to Liverpool's Premier League triumph, their first league title since 1990:
Google Chief Executive Officer Indian-American Sundar Pichai, 47, will be assuming the role of Alphabet CEO, making him one of the most powerful corporate leaders of the world.
K N Prabhu, the doyen of cricket writers, salutes Sunil Manohar Gavaskar, who appeared for the first time in Test cricket 50 years ago today, March 6, 1971.
Uttam Prakash Agarwal alleged that Citax and Braich offers were incomplete and did not include firm commitment as to the price, size, timings, confirmation from the banks about availability of the funds.
An appraisal of performance of the board and practice of values and their synergy with the organisational strategy are all crucial for an organisation to evolve into an institution, say Ramachandran Kavil & Sougata Ray.
Refusing to be drawn into a point by point clarification of Mistry's letter, the company said: "It will be beneath the dignity of Tata Sons to engage in a public spat with regard to the several unfounded allegations appearing in his leaked confidential statement."
PMC Bank depositors have spent the last one year holding protests, meeting politicians, writing to various authorities in an effort to get their hard-earned money back.
'We don't want the year 2020 to finish without an IPL. Our first priority is India and even if we get 35 to 40 days, we will host it. But we don't know where'
'To keep the next catastrophe at bay, a carbon free economy will be an imperative. 'Our 2000 cc internal combustion engine powered personal cars and public transport may have to give way to electric and hydrogen powered fuel cells. 'The oil refineries which were so much part of my professional life may have to be dismantled and trees planted in its place. 'The smokestacks, which once upon a time represented growth and prosperity, will now be gory symbols of a polluting past,' notes former Hindustan Petroleum chairman Arun Balakrishnan.
Hockey India said it has drawn up a list of competitions both for the senior men and women's teams in the run-up to next year's Tokyo Olympics. The detailed plan involves playing a number of matches against top teams in the world.
The feud between Gangwal and Bhatia came into the public after the former, in July, wrote to markets regulator Sebi seeking its intervention to address alleged corporate governance lapses at the company.
Beleaguered BCCI President N Srinivasan on Wednesday found himself under intense pressure to quit after two BCCI heavyweights, IPL Chairman Rajiv Shukla and Board vice-President Arun Jaitley, asked him to "stay away" till investigations against his son-in-law were completed in the IPL spot-fixing scandal.
Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer, observes Tamal Bandyopadhyay.
Chidamabaram's counsel told the top court that he is sought by ED to be "vicariously involved" in the INX Media money laundering case as he is the father of Karti Chidambaram, who according to the probe agencies tried to influence the Foreign Investment Promotion Board members.
'One out of three phones sold in India is a Xiaomi phone.'
Renowned Indian environmental economist and UN Environment Programme (UNEP) goodwill ambassador Pavan Sukhdev has won the 2020 Tyler Prize, regarded as the 'Nobel Prize for the Environment', for his ground-breaking "green economy" work. Sukhdev, 59, who will receive the award alongside conservation biologist Gretchen Daily, has been acknowledged for his work on bringing the economic consequences of environmental degradation and loss to the attention of corporate and political decision-makers.
RBI proposed that at least half of the compensation of a CEO should be variable. It also said that stock options should be part of the variable pay, against the extant practice of keeping it beyond and above the scope of the official compensation package.
The United States Olympic and Paralympic Committee said it had listened to feedback from athletes and was encouraged by a clearer path towards postponement. Major sporting nations Australia and Canada withdrew on Monday as organisers came under mounting pressure to postpone the event for the first time in its 124-year modern history.
Funding challenges are not limited to just one think tank. Several scholars say that access for conducting research and getting foreign funds has become a major hurdle for think tanks, with the government raising many questions regarding such inflows. As a result, many think tanks are keeping a low profile and becoming less prolific.
...Is this a virus more dangerous than Covid-19, asks Ajit Balakrishnan.
Breakdancing, considered one of the pillars of hip-hop culture, will also make its Asian Games bow in 2022, two years before it features in the Olympics for the first time in Paris.
Mulls ways to improve the bank's earnings, cut bad loans and step up credit recovery efforts
New BCCI Treasurer Arun Dhumal spoke about his immediate priorities, which include increasing the Board's revenue despite the fact that the BCCI remains the richest body in international cricket.
Describing Murthy as a business icon, T V Mohandas Pai, former CFO of Infosys, said he is more than eminently suited to hold the position of Chairman Emeritus.
Older workers are headed for the VRS exit in larger-than-expected numbers even as unrest stirs over unrevised wage settlements.
He also said that the players can come in a month early to Australia to fulfill the self-isolation rules.
The whistle-blower may strongly feel about the issues he had raised.. the regulator will follow the due legal process and decide, Balakrishnan said.
L&T -- which has two subsidiaries L&T Infotech and L&T Technology Services -- is keen to bring Mindtree under its fold to exponentially raise its client base and product offering.
If the policy is extended to NBFCs and co-operative banks, they will have to disclose divergence in asset classification and provisioning during RBI inspections in their audited financial reports. Till now, these entities have been exempted from this. At present, there are more than 98,000 co-operative banks and 10,000 NBFCs. Sources said the RBI would concentrate on the top 50 co-operative banks and NBFCs.
Financial services firm Goldman Sachs has paid a large chunk of the nearly $30 million legal fees for its former board member Rajat Gupta's defence, a media report said.
Oyo has recently undergone large-scale corporate restructuring, setting up several subsidiaries and bifurcating operations globally.
Bombay High Court upholds rejection of Shagun Gogia as board member, terms two director appointments invalid.
Balakrishnan refused to react to the India Inc criticism of growing incidents of tax terrorism following Siddhartha's letter. Appearing unfazed, he said, "I only believe in doing my job well."
Filmmaker Pahlaj Nihalani was today appointed as the new censor board chairman along with nine other members, many of whom have a Bharatiya Janata Party connection, days after Leela Samson resigned as its chief alleging interference by the government in its matters.
The differences revolved around the two topics of how much reserves the RBI should carry and whether the finance ministry had precipitated matters by invoking Section 7 of the RBI Act, that allows it to give directions to the RBI in public interest.
"We humbly request to you to alleviate some of the hardships that we and engineers have been facing, by ensuring that the new Jet management does not further delay our pending salaries dues at the earliest," NAG general secretary Tej Sood said in an e-mail to SBI chairman Rajnish Kumar.
In India, the company serves customers such as stock exchanges, brokers, non-banking financial companies, financial services and insurance, IT and IT-enabled services.
Here's a look at how the new corporate governance norms will affect India Inc boardrooms.
This is one of the many such cases that helped to create an acute fear psychosis among public sector bankers, reveals Tamal Bandyopadhyay in his fascinating new book Pandemonium: The Great Indian Banking Tragedy.
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