Satyam Computer Services did not consult Mendu Rammohan Rao, dean of the Indian School of Business and an independent director on the board of India's fourth largest IT services provider, when it called off the deal to acquire Maytas Infra and Maytas Properties following shareholder protests. Rao had chaired the board meeting that endorsed the company's proposal to buy the two firms linked to the family of Satyam's founder and chairman B Ramalinga Raju.
'We believe these five days should get roughly about 5 to 5.5 million people or more into the cinemas.'
Justice Ramana said the body was required to be "created under a statute" clearly defining its powers, functions, and duties.
'One of the aspects for transparency and fair governance is to give the industry being represented the chance of lobbying with the regulator.'
Two investment firms, together accounting for 17.88 per cent of the paid-up share capital of Zee Entertainment Enterprise Ltd (ZEEL), have sought the removal of the current managing director Punit Goenka from the board of the company. The two investment firms are -- Invesco Developing Markets Fund (formerly Invesco Oppenheimer Developing Markets Fund) and OFI Global China Fund LLC, the largest shareholder of ZEEL. The two firms have called an extraordinary general meeting of shareholders seeking to remove Punit Goenka.
Around 7.4 per cent of Indians aged 60 and above are affected by dementia. This number is expected to rise from the current 8.8 million to 17 million by 2036, marking a 97 per cent increase.
A plea that the banking regulator's stress should be on the strategic role of boards and an increase in the remuneration of independent directors were among the issues put forward to the Reserve Bank of India's (RBI's) top brass in its interaction with the full boards of state-run banks held on Monday. The meeting, the first leg of first-of-its-kind interactions with the boards of state-run banks, will now be followed by those of private banks in Mumbai on May 29. The RBI's press release, issued late on Monday, did not refer to the specific points that found mention in the deliberations, but top sources told Business Standard the twin concerns were taken up in the open-house interaction with the banking regulator's brass.
Textiles and fabric manufacturer Raymond Ltd on Thursday said its shareholders have approved the reappointment of Gautam Hari Singhania as chairman & managing director for a term of five years effective from July 1, 2024, along with his proposed remuneration. "The shareholders of the company at their Annual General Meeting (AGM) held today (June 27) have approved the re-appointment of Singhania. "The AGM commenced at 3 pm and concluded at 4:05 pm," Raymond Ltd said in a regulatory filing.
Future Retail's (FRL's) independent directors have written a second letter to the Competition Commission of India (CCI), stating American e-commerce major Amazon never intended to invest in Future Coupons (FCPL) and the representations made by the US e-commerce player were completely opposite and contradictory to their own internal correspondences as submitted before courts. The directors also wrote to CCI that Amazon has obtained approval by making deliberate misrepresentations. By actively misleading the CCI and the regulator, it has to revoke the approval granted for Amazon's investment in FCPL.
It may be the end of a boardroom for life for Ram Manyampati, the interim chief executive officer of Satyam Computer Services and the two independent directors T R Prasad and V S Raju.
'There was panic among my friends and relatives since I was out of reach.' 'My son-in-law Govind drove down to my home to check on my wellbeing.' 'When I opened the door, he joked, "Bhoot Bhoot!"'
To bring the perspective of the Central Vigilance Commission order recommending the divesting of powers of Verma and Asthana, Joint Director M Nageshwar Rao has been given the charge to look after the duties and functions of the Director as an interim arrangement, a CBI spokesperson said.
National Thermal Power Corporation is caught in a piquant situation over the appointment of Ashok Mishra as an independent director on its board as he is also on the board of Reliance Industries against which the company has moved court for effecting
Nationalist Congress Party spokesperson and Maharashtra minister Nawab Malik on Saturday asked why the NCB's zonal director Sameer Wankhede used a "family friend" as an independent witness in three investigations.
Independent directors were supposed to safeguard the interest of all stakeholders.
'It is notable how humble he was and didn't want anything different just because he was a Tata.'
A court in Maharashtra's Nashik district has summoned Congress MP Rahul Gandhi in a defamation case filed against him for his alleged objectionable remarks against Hindutva ideologue Vinayak Damodar Savarkar.
Bangladesh plunged into chaos after Sheikh Hasina resigned as the Prime Minister of Bangladesh and fled the country in the wake of mounting protests on August 5.
'Modi's intention was to create goodwill that will allow India to be seen by Trump as more than just a bad tariff problem.' 'He succeeded brilliantly on that count but none of these wins are unfortunately permanent.' 'Modi will have to do this again and again if Trump's grievances are to be durably assuaged.'
'Justice may or may not happen, but who are those people who did this to her?' 'If the hospital authorities had helped us that day, or the police, then the real culprits would have been caught.' 'Getting justice for my daughter is my goal now and I want the CM to remember that.'
Abu Dhabi-based Etihad Airlines has agreed to halve the number of directors on the Jet Airways Board to two posts under the Rs 2,058 crore deal, giving the Indian promoters 'effective control' of the carrier.
Vicky Vidya Ka Woh Wala Video managed to do better than Jigra as it is more massy in its treatment and presentation.
It was a hit and miss for some but each one of them revelled in the opportunity to showcase their talent.
Hybrid pitches give up to three times the amount of play on the same pitch as compared to the regular pitches.
The Independence Day holiday weekend is very popular amongst film-makers and film-goers.
Going by the provisions of the new company law, the responsibility and accountability equation for independent directors has seen a major change.
A bench of Justices Abhay S Oka and Augustine George Masih, however, refused to interfere with the September 26 order of the apex court granting bail to Balaji on a plea filed by one of the complainants seeking its cancellation.
Ratan Tata has got over Rs 1 crore as compensation for serving as an independent director on the board of NYSE-listed Alcoa Inc during 2012.
Industry experts believe that this deal will positively impact the Indian film industry, which is struggling with fewer movie releases.
'The Congress cannot speak the BJP's words while targeting Kejriwal.' 'What is the difference between the two? Where is the unity of INDIA then?'
Allu Arjun is fantabulous as the doting husband, emotion-loving son and risk-taking entrepreneur. Pushpa escalates his brand from fire to wildfire, applauds Divya Nair.
When there are two wills produced before the court, which one will be executed?
Listed cos begin appointing women directors
Union Home Minister Amit Shah has declared that Chhattisgarh will be free from the menace of Naxalism by March 31, 2026. He stated that the Centre and the state government are committed to eradicating Naxalism, highlighting the significant achievements of the Chhattisgarh police in the last year. Shah also appealed to Naxalites to surrender and join the mainstream, emphasizing the government's rehabilitation policy. He further praised the Chhattisgarh police's efforts in curbing organized crime and narcotics.
Former Chief of Army Staff General Sundararajan Padmanabhan, affectionately known as 'Paddy' in army circles, passed away in Chennai due to old age, a source close to him said on Monday.
Widening its probe in the Rs 3,600 crore VVIP chopper deal, the ED has begun a trail of "cash" which is suspected to have been paid as alleged kickbacks.
Indra Nooyi, the only female representative in the ICC's Board of Directors, has decided to recuse herself from the upcoming sale of its media rights process as she is also a member of potential digital rights bidder Amazon's board.
The BJP has emerged the second largest party by winning 29 constituencies in the maiden assembly polls post abrogation of Article 370 in Jammu and Kashmir, improving its all-time high tally of 25 seats recorded in 2014 elections.
Ratan Tata: A Life, the much awaited biography, reveals that after a year of 'parallel running', Tata began having second thoughts about Cyrus Mistry's 'suitability'. 'Mistry targeted Ratan, the man who had elevated him from virtual oblivion into the mainstream of the Tatas...'
Joginder Tuteja looks at the Independence Day releases over the years.
