BOARD SEATS
IPO rush amid market rally boosts demand for independent directors
Amid IPO frenzy, companies race to appoint independent directors with specific skill sets crucial for growth. Women lead key committees, while former bureaucrats remain sought after. The process overlooks competencies, favoring recommendations from bankers and auditors. Specialized firms aid in identifying professionals for board roles, ensuring compliance with listing regulations.
A new $72,000 migrant smuggling route to the US starts with a charter flight, and many Indians are waiting to board
Indian nationals on a Legend Airlines flight faced challenges in El Salvador as they attempted to reach the U.S. via Mexico. The incident sheds light on a new phase of illegal immigration through intercontinental smuggling routes, impacting U.S. border policies and migrants' journeys.
Why did this flight attendant block empty seats with a ‘barrier’? What did the netizens say?
A flight attendant on board a United Airlines flight decided to block the empty seats and asked the passengers to pay for the upgrade. This has triggered an online debate.
Kerala Class 11 seat row: Student unions continue protest against state government
Members of KSU and MSF in Kerala protested against alleged plus-one seat shortage in the northern Malabar region, leading to violent clashes in some areas. The Congress-affiliated KSU and Indian Union Muslim League's MSF organized marches criticising the Left government. The protests included stone-pelting and clashes with police in Kollam, with similar demonstrations in Kozhikode, Wayanad, and Malappuram districts. The government denies a crisis, citing vacant seats post-admissions, amid criticism after a student's suicide over seat anxiety.
Mend, don't throw away the safety NTA
Fixing NTA will also require regaining public trust. The committee must engage with stakeholders as well as experts, who can provide guidance on creating fail safes to localise and minimise impacts should the system be breached. Options for leveraging technology to improve the process and system - drawing on successful practices of similar organisations like ETS in the US - should be on the agenda.
Why was this 10-year-old boy and his father removed from a flight in Colombia?
The boy refused to wear a seatbelt and refused to remain seated as the flight was about to commence its journey. This forced the flight to return back to the holding area before the father-son duo could be de-boarded. There was a delay of an hour in this entire process.
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Sebi bars acting PFS Chairman from holding board seats
The regulator has also banned Pawan Singh, former chief executive of PFS from holding any position of director or key managerial personnel in any listed company or intermediary for two years. It has also imposed a penalty of Rs 25 lakh on Singh.
Religare Board Seat Offered to Ex-Dabur Chairman Many Times, says chairperson Rashmi Saluja
Rashmi Saluja, a doctor by training, who joined Religare as an independent director in 2018 and became its chairperson next year, said that "Anand Burman along with Arjun Lamba met me but never discussed the open offer (proposal for the financial services company's shareholders). If they had any intention of informing me then they should have done it with a proper protocol by writing to the board."
Braving icy heights: Election at world's highest polling station
The polling station at Tashigang, serving 62 voters from Tashigang and Gete, has been made a model polling booth.
DU opens CSAS portal for undergraduate admissions
Delhi University launched the Common Seat Allocation System (CSAS) for undergraduate admissions for the academic year 2024-25, introducing supernumerary seats for single-child girl students in every course. The CSAS website is now open for student registration, with admissions based on CUET scores and class 12 marks. Admissions are also available for the School of Open Learning and Non-Collegiate Women's Education Board.
DU launches portal for admission to 71000 UG seats. Check website link and other key details
On Tuesday, the University of Delhi unveiled a new online portal for admissions to its undergraduate programs for the academic year 2024-25. Prospective candidates can now register for DU CSAS UG 2024 through the university's website. The university offers a total of 79 undergraduate programs across 69 colleges, providing a combined seat capacity of 71,000. Admission decisions will hinge upon applicants' merit scores in the Common University Entrance Test for undergraduate programs (CUET-UG), administered by the National Testing Agency.
Lok Sabha polls: Haryana records 55.93 pc turnout till 5 pm
Haryana recorded a 55.93% voter turnout in the Lok Sabha elections for its 10 seats. Chief Minister Nayab Singh Saini contested in the Karnal assembly seat bypoll. BJP won all 10 seats in 2019.
IndiGo announces foray into business class after record profit
IndiGo said that business class will be available on the busiest routes of the country which sees heavy corporate traffic and will be operational before the end of this year. Coming August, around IndiGo’s anniversary, more details on product offering, launch date and routes will be unveiled.
Travelling by Indian Railways? Now avail tech-driven services by MakeMyTrip
MakeMyTrip will be offering enhanced travel experience for Indian Railways passengers by introducing tech-driven features like 'Seat Lock' and Route Extension Assistance. Additional features include Nearby Stations Recommendations, free cancellation policy, Food in Train for food delivery to seats, and Train Tracking and Platform Locator. CEO Rajesh Magow talked about the comapany's commitment to empowering travellers with choice and convenience.
Noel Tata’s three children on five Tata Trusts' board seats
The Tata Trusts, overseeing the $150-billion Tata Group, have appointed Noel Tata's three children - Leah, Maya, and Neville - to the boards of its five philanthropic organizations. This move aims to introduce younger members into the leadership of the Trusts. These appointments mark the first time six members of the Tata family are actively involved in the Trusts, with Jimmy Tata and Noel Tata also holding positions on various Trust boards. Leah, Maya, and Neville have held managerial roles in Tata operating companies and will retain these positions alongside their new trusteeship responsibilities.
Aviation experts to begin probe of Singapore Airlines turbulence incident that left British man dead
Aviation investigators arrived in Bangkok on Wednesday to learn how and why severe turbulence sent a Singapore Airlines plane into a sudden dive that tossed passengers and crew around the cabin, leaving a British man dead and dozens others injured. Twenty people remained in intensive care in hospital after Flight SQ321, which was flying from London's Heathrow airport to Singapore, hit the turbulence Tuesday over the Andaman Sea.
Extra passenger found standing on IndiGo flight. How it happened
A standby passenger boarded an IndiGo flight from Mumbai airport, taking a confirmed passenger's seat, leading to a delay. The error was noticed by a crew member before departure. In related news, domestic air passenger traffic increased by 3.88 percent in April, with IndiGo's market share rising to 60.6 percent.
Company boards are getting younger, but balancing vitality with expertise is key to success
Organisational leadership is evolving with younger individuals joining company boards in the dynamic startup landscape. While they bring fresh perspectives and innovation, challenges arise from limited experience in governance. Diverse boards with a mix of young and experienced members are crucial for informed and adaptable strategies for long-term success.
BJP's Hemang Joshi, youngest candidate in Gujarat, aims for 10 lakh vote margin in Vadodara
Hemang Joshi, the unexpected BJP candidate for Vadodara Lok Sabha seat, expresses surprise and gratitude for the nomination. He aims to win by a margin of over 10 lakh votes, emphasizing PM Modi's vision for youth and his focus on servant leadership. Joshi highlights the BJP's stronghold in Vadodara and criticizes Congress' approach, stating that people are voting for Modi's leadership.
DU to start PG admissions for 2024-25 session from April 25
Addressing a press conference, Dean Admissions Haneet Gandhi said the Delhi University (DU) will start the admissions for undergraduate (UG) courses in the second phase after the CUET-UG examinations are over. The dates for the UG admissions will be declared by middle of May, she said.
SDF chief Pawan Chamling to contest from 2 Assembly seats
Pawan Kumar Chamling, former chief minister and Sikkim Democratic Front (SDF) president, will contest from two assembly seats in the upcoming elections to the 32-member Sikkim Assembly and the lone Lok Sabha seat in the Himalayan state. The party parliamentary board has decided Chamling will contest from the Poklok-Kamrang seat and the Namcheybung seat.
Sikkim CM Prem Singh Tamang to contest from two assembly seats, fields wife against Chamling
Sikkim Chief Minister Prem Singh Tamang will contest from two assembly constituencies in the upcoming polls, while his wife Krishna Kumari Rai will face opposition SDF president Pawan Kumar Chamling in the Namchi-Singhithang seat. The ruling Sikkim Krantikari Morcha released its candidate list for all 32 assembly seats and the lone Lok Sabha constituency in the Himalayan state.
MNS talks with BJP complicates seat deals with other allies
The MNS entry in BJP-led alliance complicates seat sharing talks. Sena resists giving seats due to Shinde candidates. Amit Shah may intervene. Deora joined Shiv Sena for Mumbai South.
India Inc, here's a case for making room for women
A study published in Harvard Business Review in 2006 had recommended three or more women directors to drive change. According to researchers Alison M Konrad and Vicki W Kramer, solo women on boards feel isolated and marginalised. Adding a second helps reduce isolation but the two may be perceived as a separate group and could find they have to be careful not to appear to be conspiring. A clear shift occurs when boards have three or more women. At that critical mass, women tend to be regarded by other members not as 'female directors' but simply as fellow directors.
Lok Sabha Polls: National Conference to contest all 3 Valley seats, says Congress on board
The National Conference has decided to contest all three Lok Sabha seats in Kashmir. The decision was made in consultation with the Congress. The NC leaders also mentioned that the Congress will fight on two Lok Sabha seats in Jammu.
Higher rated companies have larger proportion of women on board, says Moody's
Companies based in advanced economies reflect a correlation between board gender diversity and credit ratings, but those in emerging markets do not, it said. This study considered 24 companies rated Aaa, 146 companies rated Aa, 728 companies rated A, 1,165 companies rated Baa, 582 companies rated Ba, 394 companies rated B, 90 companies rated Caa and nine companies rated Ca.
Medical education regulator asks States, UTs to do away with seat leaving bond in medical colleges
The National Medical Commission (NMC) urges states and UTs to eliminate the seat leaving bond policy in medical colleges to support students' mental health. Instead of a heavy bond, states can consider debarring students who wish to leave the seat from admission in their state for one year. The NMC has received complaints about high levels of stress, anxiety, and depression among medical students, especially PG students.
How to pay zero charges for flight seat during web check-in? Here's what Aviation Ministry says
It is not enough that an passenger buys airline ticket, he or she also needs to take out a boarding pass in order to board the flight for which tickets were bought. However while web check-in there is a step where passengers have to select seats and most of the seats over here are paid. Read here to know how to get a free seat while web check-in.
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