The National Democratic Alliance government relies very heavily on information put out by the Intelligence Bureau, which led to the controversy over the appointment of senior advocate Gopal Subramaniam and Raghu Raman, former CEO of NATGRID.
Shares of IT company HCL Infosystems plunged over 7 per cent on Monday after its Managing Director and CEO Harshavardhan Madhav Chitale resigned from the company.
Ramkrishna's exit comes at a time when NSE has been in focus over a new regulatory framework for high frequency trades and co-location facilities, which some believe give undue advantage to some brokers and traders
Yahoo Software Development India Pvt Ltd on Friday announced the appointment of Venkat Panchapakesan as its CEO and Bharat Vijay as COO at its R&D centre in Bangalore.\n\n\n\n
Ahead of the end of his term as the Kotak Mahindra Bank's chief executive and managing director, Uday Kotak has said he will be a "non-executive board governance member and a strategic shareholder" going ahead. In the private sector lender's annual report, the last such message from him as the MD and CEO before he relinquishes the position at the end of 2023, Kotak reminisced about the institution's journey, pointing out that Rs 10,000 invested in 1985 is worth over Rs 300 crore today. "Going forward, I see my role as a non-executive board governance member and a strategic shareholder with a long term perspective of nurturing a world class institution," Kotak said in the annual report.
'Byju's financials only reflect the core business. At a group level, they are experiencing substantial losses.'
A former first class batsman for New South Wales with a strong corporate background, the 46-year-old Roberts has been Sutherland's deputy for a number of years since joining the CA board as an independent director in 2012.
Boxing great MC Mary Kom will lead a five-member Oversight Committee that will probe sexual harassment charges against Wrestling Federation of India president Brij Bhushan Sharan Singh.
The sense of pride and utter joy by some high profile Indian American alumni of the Indian Institute of Technology, Mumbai, that one of their own Nitin Nohria, had been appointed the new dean of the Harvard Business School was palpable.
Jain, who, landed the top spot at Deutsche in 2012, had to resign following criticism from investors
My focus would be to make Infosys more competitive, increase productivity further, continue to be a leader in corporate governance, attract the best of global talent and enhance brand equity
Former Axis Bank chairman and CEO PJ Nayak said managements should look at appointing outsiders only when the organisation is weak.
Leading stock exchange NSE's board has given its approval to the Central Bureau of Investigation (CBI) to prosecute its former MD and CEO Chitra Ramkrishna in the co-location scam case, sources said on Monday. The CBI was awaiting the go-ahead of the board of National Stock Exchange of India (NSE) to prosecute Ramkrishna following her arrest in March last year. She was arrested in the co-location scam nearly four years after an FIR was registered by the agency in May 2018.
Hindustan Unilever Ltd on Thursday reported a 6.9 per cent rise in consolidated profit after tax at Rs 2,556 crore in the first quarter ended June 30, 2023, riding on a gradual recovery in the FMCG industry despite operating in challenging environment. The company had posted a consolidated net profit of Rs 2,391 crore in the same quarter last fiscal, Hindustan Unilever Ltd said in a regulatory filing. Consolidated total income in the first quarter stood at Rs 15,679 crore as against Rs 14,757 crore in the corresponding period last fiscal.
A source said Mills was leaving the airline as he was not getting operational freedom to run the organisation.
Stephen Elop has been appointed as the chief executive officer of Nokia by its board of directors. Elop who currently heads Microsoft's business division will join Nokia team on September 21.
"Goss, 53, will have overall responsibility for the National Sales Company operations of the Jaguar and Land Rover brands in the United States and Canada," the company said in a statement.
The board has the power to appoint a professional even without a formal application if found apt for the job, the source told PTI.
Capital markets regulator Sebi on Thursday sent a notice to NSE's former chief Ravi Narain, asking him to pay Rs 2.06 crore in a case related to governance lapses at the stock exchange, and warned of arrest and attachment of assets and bank accounts if he fails to make the payment within 15 days. The notice came after Narain failed to pay the fine imposed on him by SEBI (Securities and Exchange Board of India). The regulator, through an order passed on February 11, levied a fine of Rs 2 crore on Narain in the matter of governance issues over the appointment of the chief strategic officer at the stock exchange in 2013.
Infosys has a new M&A head to enhance trust on inorganic growth.
However, his backing as an investor is no guarantee of success for Twitter
Sunil Bhaskaran, AirAsia India's chief executive officer (CEO) and managing director (MD), is the front-runner to head the low-cost carrier that will take birth after the merger of Air India Express and AirAsia India, sources said. In a show of confidence, the airline's board extended Bhaskaran's tenure by three years -- until March 2025 -- in a meeting held earlier this year, according to the documents reviewed by Business Standard. Moreover, AirAsia India's board of directors has increased Bhaskaran's salary twice in 2022 -- first in January by 5 per cent and then in June by 7 per cent, the documents showed.
Hockey India's situation is expected to be reviewed again in FIH's next executive board meeting.
Growing up in the Mumbai of 1970s, Uday Kotak aspired to be a cricketer and trained under legendary coach Ramakant Aachrekar. However, it was an on-field injury which resulted in a shift to finance. He started off with bill discounting, turned to lending and successfully applied to start a universal bank in the first decade of the millennium, as India was warming up to private play in banking.
Yahoo Inc. chairman Terry Semel stepped down as chief executive on Monday
Satya Nadella is the highest-paid CEO in the US. So how do the other Indian-American executives fare?
An alumnus of IIM Calcutta, he is the first ex-student of any IIM to be appointed to this position.
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.
HDFC Bank has reshuffled the portfolios of its senior management team. This is the first major rejig after the amalgamation of HDFC Ltd on July 1. "The runway for our growth is large. This change is being done to bring in a very sharp focus on leveraging what we have built and for enhanced execution," said Sashidhar Jagdishan, managing director and chief executive of HDFC Bank, explaining the reason for this overhaul.
BlackRock has again reduced the valuation of its share in edtech firm Byju's - this time to about $1 billion, TechCrunch reported on Friday, citing disclosures made by the US-based asset manager. This is 95 per cent less than its peak valuation of $22 billion in 2022. The markdown comes at a time when the company is facing a multitude of challenges, including securing fresh capital, delays in financial reporting and legal disputes with lenders.
'They have got the advisory council, a CEO has been appointed finally, and they have made some headway on the term loan B.'
Indian-origin technology executive Parag Agrawal has been appointed as the new CEO of Twitter after the social media giant's co-founder Jack Dorsey stepped down on Monday.
The Reserve Bank of India (RBI) has given HDFC Bank six months to migrate HDFC's home loan customers to external benchmark linked lending rate (EBLR), top sources in the bank told Business Standard. Almost half of HDFC's 5.4 million customers are home loan customers. It is mandatory for banks to link retail loans and loans to micro, medium and small enterprises to an external benchmark. Non-banking financial companies do not have such a mandate.
A top contender for the CEO's post in Cricket South Africa, Haroon Lorgat's appointment could end up creating a rift between the CSA and the BCCI, which is opposed to the former ICC official joining.
Rauf's central contract may be 'restored'
The apex court-appointed Justice Rajendra Mal Lodha committee moved the Supreme Court seeking a direction to appoint former home secretary G K Pillai as an observer to guide' the Board of Control for Cricket in India in the administrative works including award of contracts, transparency norms and holding of future domestic, international and Indian Premier League matches.
Ramkrishna gave 'frequent, arbitrary and disproportionate' increase in compensation to Subramanian when there was no evidence of any performance evaluation being done for him and nor was there any evidence to satisfy the rating of A+ given to him for giving such high increment.
The board of ICICI Bank, the country's second-largest lender, will take a final call on appointing a successor to K V Kamath, its present managing director and chief executive officer, next month.
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