CORPORATE INDIA
Aditya Birla Capital’s legal head Amber Gupta joins stock-exchange NSE as head of legal NSE India has appointed Amber Gupta as senior vice president and head of legal. Gupta, a University of Lucknow alumnus, previously worked with several firms. He is known for being pragmatic, detail-oriented, and a good team player. In April, Yukti S...
13 Jul, 2024, 05.30 PM ISTIndia Inc. leverages ESG push to gain a competitive edge and attract investments: Jatinder Cheema India Inc. is embracing ESG principles following government initiatives for long-term sustainability. Advocate Jatinder Cheema highlights the need for companies to adapt to new reporting norms. The Indian government's focus on ESG aligns with global...
13 Jul, 2024, 11.54 AM ISTAre businesses ready for stricter tax compliance and transformation? PwC India study raises questions PwC India highlights tax challenges and AI's transformative role. Enhanced transparency and detailed disclosures build trust, notes Sanjay Tolia. Gautam Mehra urges future-fit tax functions. Jitendra Verma suggests better integration with tax depart...
09 Jul, 2024, 03.22 PM IST
TFCILTD in focus: Adani Group advisor and former MD & CEO of Karnataka Bank join TFCILTD TFCILTD, an NBFC, appoints Deepak Amitabh and Dr Mahabaleshwara MS, boosting strategic capabilities. Amitabh, an Adani Group advisor, is strong in financial strategy. Dr. Mahabaleshwara, ex-MD & CEO of Karnataka Bank, enhanced digital footprint, key...
09 Jul, 2024, 01.02 PM ISTCompliances cut, MCA gets tough on flouting companies law Arms of the Ministry of Corporate Affairs (MCA) have intensified enforcement actions in recent quarters to ensure stricter adherence to rules, even as the government has lessened the compliance burden on India Inc. In the June quarter, various Regis...
09 Jul, 2024, 11.22 AM ISTMashreq appoints HDFC Bank's Tushar Vikram as country head and CEO of India operations Mashreq, the oldest publicly listed bank in the UAE, has appointed Tushar Vikram as its new country head and CEO of India, starting June 2024. Vikram will lead the bank’s operations in India, focusing on strategic growth. He previously served as the...
08 Jul, 2024, 05.16 PM ISTRegulatory pressure, push from leadership lead to better compliance standards in India Inc: EY report A new report from EY shows India Inc.'s improved adherence to compliance and integrity standards, driven by regulatory pressure and management focus. The survey highlights key factors like policy developments, leadership role, and customer demand fo...
05 Jul, 2024, 02.16 PM ISTNumber of women in top roles rises slower than number of women in company boards A paper by NCAER economists Ratna Sahay, Navya Srivastava, and Mahima Vasishth has documented these findings while highlighting the progress and shortcomings in gender diversity since the April 2015 mandate, the report said. This paper will be prese...
02 Jul, 2024, 03.17 PM ISTMNCs in India fret as US yet to ratify global tax deal Tax experts say the international tax treaty, which Republicans strongly oppose and requires a two-thirds majority in the US Senate to pass, faces significant challenges. Without US ratification, meeting the OECD tax deal's implementation conditions...
29 Jun, 2024, 12.55 AM ISTEssel Group company Shirpur Gold admitted for insolvency To secure a ₹65-crore loan, SGRL had given an undertaking to Industrial Finance Corporation of India (IFCI) that it would maintain its own excess shares besides those of Zee Media, Zee Entertainment (both promoted by Essel Group) and Dish TV India (...
26 Jun, 2024, 12.54 AM ISTIndian corporates are likely to go slow on overseas dollar loans: BofA Indian corporates are likely to reduce overseas dollar loans due to expensive current rates. There is a 'huge pent-up demand' for investing in local firms' equity. Borrowing costs in the US have increased sharply, leading to a preference for IPOs an...
17 Jun, 2024, 12.11 AM ISTWhile stepping down, very few independent directors speak up Till date this year, out of 180 independent directors who resigned from corporate boards citing "personal reasons", only four have mentioned issues such as corporate governance or lack of transparency for doing so. In recent weeks, though, Nisaba Go...
13 Jun, 2024, 10.37 AM ISTIndia's top 100 listed companies must verify market rumours in 24 hours Starting June 1, the top 100 listed companies must confirm or deny market rumors in mainstream media within 24 hours. The rule aims to prevent information leaks affecting stock valuation, enhancing market fairness. Sebi's new framework excludes pric...
01 Jun, 2024, 11.23 AM ISTCapital needs to remain high for Indian corporates: Moody's Moody's Ratings reported on Thursday that Indian corporates face high capital requirements for capacity expansion and growth spending. 16 out of 23 rated companies are estimated to need USD 70-100 billion annually over the next two years. While dome...
30 May, 2024, 04.20 PM ISTPublic affairs & advocacy - a career choice Advocacy and Public Affairs have evolved significantly over the past decade, transforming into a strategic function for corporates. The landscape now includes policy analysis, stakeholder engagement, and risk management. The introduction of policies...
27 May, 2024, 02.50 PM ISTLinkedIn India, Satya Nadella face MCA penalty: LinkedIn says reviewing fine for next step LinkedIn is reviewing penalties imposed by the Ministry of Corporate Affairs for violating SBO norms. The Rs 27.1 lakh fines target LinkedIn India, Microsoft's CEO Satya Nadella, CEO Ryan Roslansky, and others. The order requires disclosure of signi...
23 May, 2024, 11.39 AM ISTMCA fines LinkedIn India, Satya Nadella and 8 others for violation of Companies Act, 2013 In its order, reviewed by ET, the Registrar of Companies for the national capital region of Delhi and Haryana under the MCA said the company and the officials are liable for penal action for "failure to take necessary steps as per section 90-4A (of ...
23 May, 2024, 12.44 AM ISTWriting is easy, not living: Challenges in implementing family business constitutions Numerous families face difficulties in actualizing the principles outlined in the document into practical, everyday reality. We discuss here the key challenges encountered in implementing a family business constitution.
22 May, 2024, 08.32 PM ISTStrategies for effective implementation of family business constitutions This article explores strategies for the effective implementation and bridging the divide between the aspirational ideals outlined in the constitution and the lived reality of day-to-day interactions, long-term strategies, decision-making processes,...
22 May, 2024, 08.29 PM ISTRBI appoints R. Lakshmi Kanth Rao as new Executive Director The Reserve Bank of India (RBI) has appointed R. Lakshmi Kanth Rao as its new Executive Director, effective May 10. Rao will oversee the Deposit Insurance and Credit Guarantee Corporation, Right to Information Act (FAA), and Department of Communicat...
10 May, 2024, 07.37 PM IST