Finance Minister Nirmala Sitharaman on Tuesday nudged the fintech industry to break the distance barrier and have more engagements with the government and its agencies to enhance trust. Sitharaman was replying to a question by Kris Gopalakrishnan, chairman, Global Fintech Fest (GFF) 2022 advisory board, who wanted to know how to ensure trust among industry, regulators, and the government. "I don't want to sound cliche, but distance brings distrust. "So, cut the distance down, have greater engagement with the government," the minister said.
The quaint little village of Perumapalayam near Erode is excited about Indian American, Dr Celine Gounder making it to the United States President-elect Joe Biden's COVID-19 advisory board since she has her roots in it and for her continuing support to its residents.
Proxy advisory firm Institutional Investor Advisory Services (IiAS) has asked independent directors of Raymond Ltd to consider appointing an interim CEO and investigate the allegations of assault by its chairman and MD Gautam Singhania on his wife and daughter, and the use of company funds for personal benefit. In an open letter to the company's five independent directors, IiAS also suggested they ask Singhania and his estranged wife Nawaz Modi, also a board member, to take time off from their responsibilities as board members. The five independent directors to whom the letter was addressed are Mukeeta Jhaveri, Ashish Kapadia, Dinesh Lal, K Narsimha Murthy, and Shiv Surinder Kumar.
BharatPe co-founder Shashvat Nakrani has accused Ashneer Grover, with whom he had co-founded the payment startup, of creating a false narrative about the company, and said the board acted quickly and decisively in unseating him after receiving finds of a PwC report. BharatPe, which allows shop owners to make digital payments through QR codes, last week stripped Grover of all titles and positions over his alleged "misdeeds" and may take further legal actions, including clawing back of some of his shareholding. In a letter to employees, Nakrani said the Grover episode was an aberration and not the norm at BharatPe, and went on to defend the board who he said were celebrated names in the banking and financial services industry.
More than 40 food items have been banned at the upcoming Amarnath Yatra and the pilgrims have been advised to achieve physical fitness by walking at least 5 kilometres a day, the Shri Amarnath Shrine Board said in its health advisory issued on Thursday.
The Gujarat government was "complicit and acted in tandem with one of the convicts", the SC said.
Going back to the board, analysing mistakes and efficiently addressing them can help entrepreneurs establish successful start-ups in the long run, says Vikram Bhandari, the chief technology and innovation officer at Riveron, a business advisory firm.
Hospital chain Aster DM Healthcare's plans to sell its Gulf business may run into rough weather with voting advisory firm Institutional Investor Advisory Services (IiAS) raising concerns over the transaction. Recommending an 'against' vote on the resolution, IiAS has said there is no clarity on how Aster DM will utilise the proceeds that it will obtain by selling the unit, which contributes to bulk of its revenues. In November, Aster DM had announced its plans to sell its wholly-owned subsidiary Affinity Holdings, which conducts business in the Gulf Cooperation Council (GCC) region, to Alpha GCC for $1 billion.
In a statement, Delhi Health Minister Satyendar Jain said the air pollution had reached the severe level and asked people to follow the dos and don'ts as mentioned in the advisory.
The Reserve Bank of India (RBI) will meet top executives of asset reconstruction companies (ARCs) on Friday to take stock of the sector. During the meeting, ARCs will also seek clarity from the regulator on bank borrowing. While there is no regulatory ban in place, ARC sources said banks often refuse funding.
'Goodbye dearest Anil. An elegant mind, a stylish writer, and a loyal friend. You will be missed by all those whose lives you touched. RIP.'
Yunus, 84, was administered the oath of office by President Mohammed Shahabuddin at a ceremony at the presidential palace 'Bangabhaban'.
The 39-year-old Imphal-based journalist was detained under the NSA on November 26 for allegedly uploading videos criticising the BJP-led governments in Manipur and at the Centre for observing Rani Jhansi's birth anniversary.
The applicant should have played either 7 Tests or 30 first-class matches. A candidate with experience of 10 ODIs or 20 first-class matches will also be considered.
Consumers are unlikely to disconnect their mobile connections and will most likely absorb the up to 22 per cent tariff hike imposed last week by Jio, Airtel, and Vodafone Idea (Vi), according to analysts. The last major tariff hike in 2021 was followed by a 4-5 per cent SIM consolidation, with people leaving mobile operators with more expensive plans for their peers offering comparatively affordable options.
'I have always taken pride while donning the Indian jersey during my playing days and it is going to be no different when I take up this new role.'
People mourned the deaths of 19 children and two teachers in Uvalde, Texas, while anti-gun protestors in Washington, DC demand gun safety legislation, following the mass shootings in Buffalo, New York, and Uvalde.
The National Security Strategy document should flag all major issues concerning security strategy and provide guidelines to concerned departments to work out suitable action plans. Since the global and regional geopolitical canvas is dynamic, the NSS document should be deliberated at length before formulation and should be reviewed periodically, recommends Commodore Venugopal Menon (retd).
The policy of a state government for grant of remission existent at the time of conviction will be applicable while deciding the petition of a convict sentenced to life imprisonment seeking premature release, the Supreme Court ruled on Tuesday.
In a letter to CM Shinde and chief secretary Manukumar Srivastava on March 9, Gadkari also criticised Joshi, an IAS officer, for allegedly stalling admission to nearly 1,100 seats linked to courses offered by the College of Physicians and Surgeons-affiliated.
Independent directors of Raymond Ltd on Friday said they are monitoring the situation arising out of the matrimonial dispute of company's Chairman and Managing Director Gautam Singhania to ensure it does not affect his capacity to manage the affairs and business of the firm. In a joint communication shared on BSE by the company, the independent directors also said they have decided to retain Berjis Desai, a senior independent legal counsel, who has no links with promoters or the company, for advising them.
The corporate affairs ministry has asked its field officers to expedite the inspection of the books of Byju's and submit the report, a senior official said on Monday as trouble continues to brew at the edtech firm. The ministry, which is implementing the companies law, will decide the further course of action after receiving the report from its regional office. In July 2023, the ministry had asked the office of the regional director in Hyderabad to conduct an inspection of the company Think & Learn Pvt Ltd, which is registered in Bengaluru.
Dr Dipankar Dutta will answer your questions related to preparing for a career in engineering or technology.
India captain Rohit Sharma says he wouldn't mind playing Tests against Pakistan at a neutral venue as it would be a "great contest" against the "superb bowling line-up" of the arch-rivals.
The Centre removed 18 of the 21 members and completely reconstituted the Chennai and Hyderabad advisory panels.
The FIH Athletes Committee serves as a consultative body and makes recommendations to the FIH Executive Board, FIH Committees, Advisory Panels and other bodies.
'If we want real democracy, the economy itself will need to be democratised.'
Avista helped some companies restructure their debt in such a way that overseas investors had to take a steep haircut
Independent directors were supposed to safeguard the interest of all stakeholders.
After stepping down from the board with effect from September 30, he will remain as Chairman Emeritus of the FMCG firm, according to a statement issued on Wednesday. The 79-year-old industrialist passed on the baton of GCPL to his younger daughter Nisaba Godrej in 2017 after leading the company for 17 years.
Rating agency Crisil Ltd has acquired EconoMatters Ltd, a London-based energy and gas advisory firm, and its subsidiary companies for over Rs 15 crore.
Vardhan's elevation to the chairmanship of the 34-member World Health Organisation (WHO) Executive Board comes amid growing calls, including by United States President Donald Trump, to investigate how coronavirus originated in China's Wuhan city and subsequent action by Beijing.
The roads will reduce the distance to the border considerably and make easier the movement of Indo-Tibetan Border Police personnel, who at present have walk up to 25 kms to reach there, officials said.
The firm has advised United Spirits Ltd's shareholders to vote against the proposal to re-appoint Mallya as director on the board.
PE firm goes in for image makeover, appoints advisory group.
'If their allocation to certain segments have become high due to strong returns over the past three-four years, they should rebalance their portfolios and bring them in line with their long-term asset allocation.'
Going forward, Vinita Bali, outgoing MD, Britannia wants to do other things in life which she was unable to pursue.
More and more the buck will stop at the board. Look no further than Infosys, says Amit Tendon.
The government is contemplating changes to the Insolvency and Bankruptcy Code (IBC) to deal with environmental claims and liabilities of defaulting companies to make the law future-ready and meet climate action goals, sources told Business Standard. Currently, the IBC has various categories of claims and creditors, including those related to environmental liabilities.
