MAG was constituted by Department of Electronics and IT in February 2014.
The infighting between the two promoters of Hikal-Baba Kalyani and sister Sugandha Hiremath-has put the company's growth at stake, InGovern has said in a note. The corporate governance firm has called for a change in the management and an overhaul of its board to protect the interest of minority shareholders, who own almost a third of the specialty chemicals company. The Kalyani and Hiremath families are mired in a legal dispute, with the latter seeking transfer of ownership of shares held by the Kalyani group, citing nearly three-decade old family arrangement.
Those who are returning will not be paying any fare and the government is bearing the cost of their return.
Codeine-based formulations are under the scanner for misuse as a narcotic product.
With real estate valuations falling and other deals coming unstuck, the current management's improved target faces significant challenges.
Want to appoint CFO, advisory board and governance committee.
If private schools are indeed better, as Aser says, and cost a lot less than government ones, involving them in programmes like Sarva Shiksha Abhiyan and the Right to Education Act may be a good idea.
Martin Feldstein, George F Baker Professor of Economics at Harvard University, speaks about the global economic situation.
BCCI to lock in broadcast deal by August-end before series against Australia; Afghanistan ODIs moved to January
Bhatt, a Gorkha officer, replaces Lt Gen Ranbir Singh, who has been appointed as the General Officer Commanding (GOC) of the Mathura-based Strike 1 Corps -- one of the three assault forces of the army -- which is mandated to cross into Pakistan in a short notice.
rediffGURU Sushil Sukhwani underlines the factors you need to consider before you make the decision to study outside India.
'Being financially independent is crucial.' 'This spares women a lot of grief if the marriage, especially in large business families, breaks down.'
Keeping in mind the recent spate of injuries among Indian cricketers, the BCCI has decided to ask its state units to appoint their own strength and conditioning coaches.
The Madras high court will on Thursday hear a report of the advisory board, which has called for the premature release of former prime minister Rajiv Gandhi's assassin, Nalini Sreeharan.
The Ghaziabad police has registered a criminal case against a self-styled godman for allegedly kidnapping a 28-year-old MBA girl.
As a fallout of the Satyam scam, the company's former auditors Price Waterhouse on Thursday announced a major overhaul of its top India leadership, including setting up a new advisory board and appointing a new quality assurance and risk management head.
'This is a huge responsibility and I look forward to working closely with talented players and providing them with the right preparation and guidance to excel.'
Diwali fireworks are expected to continue on Dalal Street next week, with four companies collectively seeking to mobilise over Rs 6,600 crore through initial public offerings (IPOs). In terms of the amount raised, this is poised to be the busiest week of calendar year 2023. Tata Technologies (Tata Tech), a subsidiary of Tata Motors, could lead the charge with an IPO projected to be over Rs 2,900 crore. This will mark the first maiden share sale by a Tata Group firm in nearly two decades.
Hindu Rights Action Force (Hindraf) leaders P Uthayakumar, V Ganabathirau, T Vasanthakumar and lawyers R Kenghadharan and M Manoharan were detained on December 13, 2007 on the grounds that they were posing a threat to national security.
An office bearer of the all-powerful BCCI will now be paid a daily allowance of US$ 1000 on foreign tours and will fly first-class.
A few prominent economists are still worried that a US, and thus global, recovery is years away.
India Inc is staring at significantly higher compliance and governance costs, following the Securities and Exchange Board of India's (Sebi's) latest tightening of disclosure norms and regulations around the filling of key positions, the materiality of information, and third-party transfers. Recently, the securities market regulator amended the Listing Obligations and Disclosure Requirements (LODR) to introduce a raft of changes that will affect how listed companies go about transparency and disclosures. The new framework will further empower public shareholders and soon move towards a 'comply or be penalised regime or comply or explain' in the case of high-value debt-listed entities.
The equity cult has grown at a rapid pace in India in the last few years, with retail investors latching on to the stock markets like never before. At 126.6 million, the number of dematerialised (demat) accounts, where investors hold their securities in electronic form for trading purposes, are at record high levels. The growth rate, on an annualised basis, stood at 27 per cent in 2022-2023, up from barely 6 per cent a decade ago.
Obama has been talking with the world leaders in the past few weeks in this regard, and this would be his agenda at the upcoming G-20 summit at London next month, which among others would also be attended by the Indian Prime Minister Manmohan Singh.
The Kalakshetra Foundation on Tuesday said it had constituted a committee of inquiry led by a retired judge to investigate the sexual harassment allegations made by students against an assistant professor of dance and three repertory artists. The teacher has been suspended and the services of the repertory artists have been "dispensed with" pending inquiry.
Abdullah was among a host of leaders and activists who were detained on August 5 when the centre abrogated Article 370 and divided the state into two union territories -- Ladakh, and Jammu and Kashmir.
Attempting an image makeover from being calorie-rich to health-conscious, PepsiCo India is working towards launching a nutritious beverage within three years.
India is very important for us. With its network of NGOs and the challenges of poverty reduction and clean technologies, we consider India as an important region.
The Supreme Court issued a notice to the Tamil Nadu government on Friday on a petition filed by V Ravichandran, a convict serving life sentence in the Rajiv Gandhi assassination case, seeking his premature release on the ground that he has already undergone a jail term of 14 years.
The Allahabad High Court has quashed the detention of three men under the stringent National Security Act for cow slaughter, saying the issue may be a matter of law and order but not public order.
Besides opposing the suspension of three medicines, the sector has also questioned the process adopted by the government.
The corporate affairs ministry has ordered an inspection of the books of Byju's, a senior government official said on Monday amid the edtech major facing multiple headwinds, including delay in submitting financial statements and concerns over corporate governance issues. The inspection of Bengaluru-based Think & Learn Pvt Ltd, which operates under the brand Byju's, will be carried out by the ministry, which is implementing the companies law. The ministry decided to carry out the inspection after taking note of the developments, including that the company has been unable to finalise its financial statements and that its auditor has resigned, the official told PTI.
A meeting of the Board of Trade, an advisory body to the Commerce Ministry, is likely to be held on October 11, a ministry official said.
Byju's, India's most-valued startup, has decided to put two of its key assets -- Epic and Great Learning -- on the block to generate $800 million-$1 billion in cash, with an aim to meet the edtech firm's various commitments, including repaying the entire $1.2 billion term loan B (TLB) within six months, according to sources. The cash-strapped company has proposed repaying $300 million of the $1.2 billion loan in the next three months, depending on whether the lenders accept Byju's amendment proposal, said the people familiar with the development. "This loan repayment proposal has been submitted to the lenders and conversations are going in the right direction," said a person in the know.
