Thyssenkrupp AG’s labour unions and activist investor Cevian Capital said they should sit down to hash out plans for the company’s future after the shock resignation of chairman Ulrich Lehner. Talks could potentially bridge a contentious divide between investors, who believe ThyssenKrupp needs to streamline its businesses, and unions that want to safeguard jobs...
RBI keeps private banks waiting on bonus payment to top executives Silence linked to under-reporting of bad loans 4, 2018 01:42 //mybs.in/2Vm2qas ALSO READ The Reserve Bank of India (RBI) has started cracking down on bonuses to top executives at private sector banks. According to sources familiar with the matter, the central bank is yet to grant its approval for bonuses to senior executives in private banks for 2016-17, even as the financial year 2017-18 has come to an end.
Uber's SoftBank deal could ensure it gets a smoother ride ahead This also gives early Uber investors a chance to cash out...
Leading Global IT business transformation, secure cloud solutions and managed services company 8K Miles Software Services has announced appointment of an additional member to its Board of Directors, Sujatha Chandrasekaran, Global CIO of Kimberly-Clark Corporation, former SVP and Global Chief Technology and Data Officer of Wal-Mart Stores, Inc., and former VP and CTO of PepsiCo...
Aayush Food And Herbs announced that the Board of Directors at their Meeting held on 13 January 2017 have considered and approved the appointment of Non-Independent, Executive Director...
Stampede Capital announced that the Board of Directors of the company at its meeting held on 13 January 2017 has approved the allotment of 5,72,52,800 DVR Bonus Equity Shares of face value of Re 1 each to those equity shareholders entitled thereto as on 11 January 2017 being the record date fixed for the purpose...
With effect from 14 January 2017, Indraprastha Gas announced that Board of Directors of the Company has passed the following resolutions...
Zicom Electronic Security Systems announced that on 12 January 2017 the Board of Directors have passed a circular resolution for appointing Tanvi Sanjiv Joshi as an Additional Director of the Company...
JSW Energy announced that the Meeting of the Board of Directors of the Company inter alia, to consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended 31 December 2016 (Q3) and to consider raising of long term funds through the issuance of Non-Convertible Debentures by way of a Private Placement has been rescheduled to 23 January 2017...
Adinath Textiles announced that the Board of Directors of the Company, at their meeting held on 12 January 2017, have appointed Priya Begana as an Additional Director (Independent) on the Board of the Company...
Tree House Education & Accessories announced that a meeting of the Board of Directors of the Company is scheduled to be held on 12 January 2017, inter alia, to consider and approve certain measures...
With effect from 10 January 2017 EMCO announced the Board of Directors of the Company has passed a resolution on 10 January 2017 by circulation for appointment of Smt. Archana Capoor as an Additional Director (Woman Independent Director) on the Board of the Company with effect from 10 January 2017, to hold office up to the date of the ensuing Annual General Meeting of the Company...
Hind Rectifiers rose 6.34% to Rs 96.50 at 9:34 IST on BSE after the company said that its board will meet on 15 January 2017 to consider rights issue of equity shares. 133.04 points or 0.49% at 27,032.60. On the BSE, 23,000 6,459 shares in the past one quarter. The stock had hit a high of Rs 99.70 and a low of Rs 95.30 52-week high of Rs 113.60 on 1 November 2016 and a 52-week low of Rs 58.10 on 29 February 2016. The small- 3 ...
Tata Sons Ltd, the holding company of India’s largest conglomerate, has called for an extraordinary general meeting on February 6 to oust former chairman Cyrus Mistry (pictured) from the board of the closely held firm, according to a company spokesman.
Digital currency bitcoin kicked off the new year by jumping above $1,000 for the first time in three years late on Sunday, having outperformed all central-bank-issued currencies with a 125 percent climb in 2016. Bitcoin — a web-based “cryptocurrency” that has no central authority, relying instead on thousands of computers across the world that validate transactions and add new bitcoins to the system — jumped 2.5% to $1,022 on the Europe-based Bitstamp exchange, its highest since December 2013...
Behind Tata-Mistry boardroom clash, a distinct set of governance rules Tata-Mistry spat has contributed $10 billion decline in market value of group's listed companies December 26, 2016 Last Updated at 08:53 IST email this article Type address separated by commas Your Email: Enter the characters shown in the image.
Japanese imaging and electronics major's Indian subsidiary Ricoh India today said it has terminated employment of its CFO Arvind Singhal and Senior Vice-President and COO Anil Saini on finding that they have "caused grave loss to the company". Ricoh India has also accepted resignation of MD and CEO Manoj Kumar...
In the ongoing boardroom battle in the Tata group, legal experts and proxy advisory firms appear divided over the issue of removal of independent directors from a board following a conflict with the primary shareholders. While legally, shareholders are within their right to appoint and remove any director on the board of a company, some experts feel that should be the case only when an independent director fails the test of independence ...
Nasdaq-listed IT services firm Cognizant Technology Solutions in a Securities and Exchange Commission (SEC) filing stated that in an internal investigation it has found a total of $5 million (Rs 33.3 crore) in payments that were not proper. On September 30, 2016, the company had disclosed that they are conducting an internal investigation into whether certain payments relating to Company-owned facilities in India were made improperly and in possible violation of the US Foreign Corrupt Practices Act, or FCPA, and other applicable laws. The investigation is being conducted under the oversight of the Audit Committee, with the assistance of ...
A person familiar with the matter said that Wells has identified about 10,000 small business accounts that were subject to improper practices A person familiar with the matter said that Wells has identified about 10,000 small business accounts that were subject to improper practices The scandal over improper sales practices at Wells Fargo & Co extended to thousands of small-business owners, according to a US lawmaker, raising questions about the scope the bank's issues with unauthorised accounts. In a September ...
Since 2014, the number of women on companies' boards has increased, but around half of the women directors hired are family or relatives of the promoter, indicating a lack of transparency in the hiring process, says a report. The capital markets watchdog had issued guidelines in February 2014, asking companies to appoint at least one woman director on their boards ...
Held on 11 August 2016 Prestige Estates Projects announced that the Board of Directors of the Company at its meeting held on 11 August 2016, inter alia, has discussed the merits and business case for exploring a restructuring exercise of the business of the Prestige Group along streamlined verticals, namely Office, Residential, Retail, Hospitality and Property Management and other Services verticals, to leverage the strengths of each asset class......
ICSI training women members to take up board roles Company secretaries' apex body ICSI is offering training programmes to its women members to help them take up board roles, as part of larger efforts to bring in more diversity in the boardrooms. "Training sessions are being conducted on a continuous basis for the students who are fit to become a part of the board........
Driving Growth Through Innovation IRDAI issues comprehensive corporate governance guidelines Insurance regulator IRDAI today released comprehensive corporate governance guidelines, including a cap on salary of CEOs and policy on whistle blowers. The revised guidelines, which came against the backdrop of changes in the Companies Act, 2013, combine the stipulations regarding the corporate governance practices, appointment of MD/CEO/whole time director and other Key Management Positions as well as the appointment of statutory auditors of insurers. These are applicable from 2016-17 onwards, the corporate governance report said. Insurers are well advised to put in place a 'whistle blower' policy, where-by ...