'I don't think it is right to remove him over one lapse. The focus should be on restoring operations, not on removing a key management personnel.'
After both grandfathers, father and uncle, Lieutenant Tanishka Damodaran is the first girl from the family to join the Indian Army. She will join her first posting in Kashmir soon and hopes to follows her family tradition of joining the Paras.
Regulatory capacity, hyperactivity and excessive prescription are the biggest challenges the financial sector is facing, said Meleveetil Damodaran, former chairperson, Securities and Exchange Board of India (Sebi). Speaking at the Business Standard BFSI Summit on Wednesday, Damodaran highlighted the need for simpler, clear, and continuous regulations in the financial sector. He opined that the industry had felt it challenging to keep pace with the changing regulations.
Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India's clean energy sector, are now facing serious regulatory action.
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 Vidyadhan Scholarship Programme by the Sarojini Damodaran Foundation provides an annual scholarship of Rs 10,000 after Class 10 to meritorious students so that they can move ahead with their education.
The boardrooms of India's large listed companies are steadily expanding as corporate governance standards tighten and regulatory compliance rises. Boards of Nifty 100 companies boasted an average of 10.52 members as of FY24, compared to 9.86 in FY21 and 10.48 in FY23, according to the fifth edition of Excellence Enablers' Survey on Corporate Governance, an initiative led by M Damodaran, former chairman of the Securities and Exchange Board of India (Sebi).
Industrial Development Bank of India chairman M Damodaran has resigned from the board following his appointment as the Securities and Exchange Board of India chief.
M Damodaran, chairman and managing director of Industrial Bank of India was on Thursday appointed the chairman of Securities and Exchange Board of India.
UTI AMC on Friday dismissed reports that its former chief M Damodaran had awarded 'undue favour' to some executives, saying it has initiated a new performance-based compensation package in line with the recommendations of an HR consultant.
President Droupadi Murmu on Saturday approved 139 Padma awards including seven Padma Vibhushans, 19 Padma Bhushans and 113 Padma Shris.
An interview with Sebi chief M Damodaran.
M Damodaran took a bow as Sebi chief after many bold initiatives during his 3-year tenure.
Startup and venture funds on Tuesday cheered the Budget decision on the abolition of angel tax for all investor classes, terming it a "game-changer" that would remove significant barriers in growth and foster a vibrant and dynamic ecosystem. Angel tax refers to the tax that the government imposes on funding raised by unlisted companies, or startups if their valuation exceeds the company's fair market value.
Terming the newly constituted board of Satyam Computer as "able", former Sebi chairman M Damodaran today expressed the confidence that the new leadership will chalk out ways to tide over the crisis.
The practice of granting corporate governance (CG) rating and bestowing CG awards should be kept "on hold" till a large number of Indian corporates imbibe these norms in substance, IDBI chairman M Damodaran said on Wednesday.
Painting a positive outlook of the Indian capital market, the new SEBI chairman M Damodaran on Friday asserted that the bourses were better regulated now than in the past and his attempt would be to take it forward.
M Damodaran, chairman and managing director of UTI Asset Management Company, and administrator of UTI's specified undertaking, on Wednesday assumed the office of the CMD of Industrial Development Bank of India as a temporary measure.
South Indian actress Radhika Sarathkumar on Saturday made a startling claim that objectionable videos of female actors were recorded with hidden cameras inside caravans on the shooting set of a Malayalam film and she had personally witnessed male actors watching it on their mobile phones.
M Damodaran is likely to head the new market value-based UTI Mutual Fund, promoted by LIC and three leading banks, after the new fund becomes operational from February 1.
NEDICT has also got in touch with companies, which will be limited to the role of 'donors'.
"When we talk about corporate governance, we are talking more in terms of creating an organisation that discloses much more than the past, about organisations knowing who they are dealing with and not merely about who the independent directors are. Let companies see that governance goes beyond the boardroom and informs all processes and levels within an organisation," Damodaran said.
At the same time, he cautioned authorities against giving corporate governance and rating awards to companies before they actually prove that they are practising the same. Pointing out that the people were taken in by the wrong numbers given by the company, he said people should always be on guard and ask more questions before making investment decisions.
India's gain will be an additional business of $300 million to $400 million per month if 10-11% of Bangladesh's export is diverted to Indian hubs like Tiruppur.
Pointing out there is complete awareness of what needs to be done, who needs to do it and the urgency to get it done, Damodaran said the only thing missing is its execution.
It might have been done out of excitement but a "kiss on the foot" act of a noted Malayalam football commentator, done to an Ukranian playing for Kerala Blasters in the Indian Super League during an interview.
The Central Bureau of Investigation (CBI) will soon quiz Securities and Exchange Board of India (SEBI) Chairman U K Sinha as well as former head of the regulatory body M Damodaran in connection with a Preliminary Enquiry (PE) to probe granting sanction to Jignesh Shah-founded Financial Technologies (India) and MCX-SX.
'Our approach has been to work with consumers and help them drink better, not more.'
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