Less than 12 per cent of the exits were from companies with Rs 10,000 crore in market capitalisation or above.
Stock exchanges' levy of penalties, ranging from Rs 3 lakh to Rs 12 lakh, on public-sector undertakings (PSUs) for lapses in board composition for the 2024-25 October-December quarter has brought forth issues of governance. Last month, 16 PSUs requested bourses to waive these penalties, arguing that these lapses were neither due to negligence nor within their control, as the appointment of directors is managed by the government.
The share of companies where it would take over 100 years for a median employee to earn the equivalent of their top executive's annual salary rose to 65 per cent in FY24 from 61 per cent in FY19.
Kriti becomes a mermaid... Vaani seeks out a Mandala... Arjun misses his ma...
'Innocent lives lost. Tourists, families, people who were just... living. Seeking beauty. Seeking peace. And now there's only grief.'
Amit Trivedi's score gives Azaad the feel of a sprawling epic that will hopefully be worth the wait, notes Mayur Sanap.
Bollywood celebrates it's favourite festival Raksha Bandhan with cute pictures and messages on social media.
Health issues, divorce, court battles, moral turpitude, and more can all distract the CEO and impinge on a company's performance. So, how much of their private life should a company disclose? asks Amit Tandon.
Tandon, son former Chhattisgarh governor late Balramji Das Tandon, assured everyone that he will live up to the expectations and the trust which the BJP has reposed in him.
While the final list isn't out yet, Namrata Thakker brings you some names that have reportedly been doing the rounds and may perhaps enter the BB house.
Enjoying the snow away from the Mumbai summer!
Hemant V Shivsaran/Rediff.com does a deep dive and lists the winners with the highest and lowest margins in the recent Lok Sabha elections.
The Adani group will have understood the fragility of investor trust in the group. The group needs to improve transparency including in areas like share-ownership (which they have long and mistakenly believed can be side-stepped) and related-party transactions, among others, Amit Tandon and Hetal Dalal point out.
Corporate India is busy restructuring - through mergers, demergers and splits. That seems to be the new normal as CXOs and boards brainstorm on how to create assets and value. The pitch rose significantly during the third quarter of this financial year (FY24), translating into $32.9-billion worth of such deals - the highest quarterly total since the HDFC Bank-HDFC merger announced in FY22 Q2.
Here's what your favourite celebrities have been upto.
Check out the star arrivals.
The country's largest bourse National Stock Exchange (NSE) has put the NSE Prime initiative in cold storage following lukewarm response from India Inc, said people aware of the development. Inspired by Brazil's Novo Mercado, NSE had announced a separate platform which any listed company could be part of by voluntarily adopting a stricter corporate governance code. Launched in December 2021, NSE Prime was to formally take off within a year after empanelling companies.
The move was not good for companies which have capital expenditure plans laid out.
With the strain and anxiety of the longest Lok Sabha polls now behind the leaders, governance, with consensus, is the next step.
Investors are pushing back more often against companies' resolutions on what is paid out to top executives. In the first four months of financial year 2022-23 (FY23), there have already been five such rejections, according to shareholder voting data from tracker Adrian, a platform maintained by the proxy advisory firm Institutional Investor Advisory Services India (IiAS). Two of these have been at multiplex chain PVR and direct-to-home company Dish TV India.
After a blockbuster 2023, all eyes are now on what 2024 looks like.
Bollywood stars attended the NBT Utsav event, where personalities from cinema, arts, health education and business were felicitated.
Chasing a third successive Asian Games medal, Indian boxer Vikas Krishan (75kg) made a strong start, out-punching Pakistan's Tanveer Ahmed in his pre-quarterfinal bout in Jakarta, on Monday.
Raveena Tandon and MM Keeravani recieved the Padma Shri from President Draupadi Murmu.
'Institutional ownership, by December 2018, had increased 37.5% from approximately 22% in early 2009,' points out Amit Tandon.
A major revamp of Uttar Pradesh unit of BJP is likely in the coming month. And nobody in the party hierarchy has an idea about what's going on in party president Amit Shah's mind.
Shobha Kapoor and Ekta Kapoor, managing director (MD) and joint MD of media firm Balaji Telefilms have failed to obtain requisite votes on resolutions pertaining to their remuneration. According to stock exchange disclosure made by the company, the two separate special resolutions on setting their salaries for the next years got 56.77 per cent and 55.45 per cent 'against' vote.
Bharatiya Janata Party leader Amit Shah on Wednesday moved the Allahabad high court challenging the FIRs lodged against him by the Uttar Pradesh government for alleged hate speeches made by him at election meetings in Bijnore and Shamli districts.
Such listings will help internationalise our currency, give us economic heft, compel best in class regulations and further develop the professional-services ecosystem., says Amit Tandon.
OTT has seen some of the grittiest and quirkiest cops in its Web series and original movies.
The Allahabad high court on Thursday dismissed as withdrawn Bharatiya Janata Party leader Amit Shah's petition challenging the first information reports lodged against him in Uttar Pradesh for alleged hate speeches after he stated that he wanted to reply to the Election Commission notice in the matter.
Tesla Inc chief Elon Musk is set to acquire micro-blogging site Twitter for about $44 billion. Back home, India Inc, too, is seeing aggressive merger and acquisition (M&A) activity with PVR-Inox and HDFC-HDFC Bank announcing their mergers recently. While Axis Bank recently acquired Citi India's India retail business, reports suggest Larsen & Toubro Infotech (LTI) and Mindtree could be eyeing a merger.
Veteran socialist leader and former Uttar Pradesh chief minister the late Mulayam Singh Yadav, and medical professional Dilip Mahalanabis, known globally for his work on Oral Rehydration Solution (ORS), were among those conferred the Padma Vibhushan award by President Droupadi Murmu on Wednesday.
'Confidentiality needs to be maintained.'
Independent directors
Once implemented, Rishad Premji will be one of the youngest business leaders to don the role of non-executive chairman at a large cap Indian company.
'Rather than encouraging transparency, the opacity of electoral bonds adds to the murkiness,' argues Amit Tandon.