Corporate Governance News
The year 2022 will be marked by increased adoption of technology and digital transformation
SEBI probe suggests prima facie violations of norms in IndiGo related party transactions; shares plunge nearly 5%
IndiGo has been facing a probe by the SEBI ever since a public spat came to light between two founders of the airline, including over certain related party transactions involving one of the warring promoters.
SEBI defers deadline by two years to split roles of chairman, MD on demand from corporates, economic slowdown
Industry body FICCI has welcomed SEBI's decision to extend its deadline for splitting Chairman and MD posts by two years to April 2022.
Yes Bank independent director Uttam Agarwal quits; lender says he was under 'fit and proper' status review
Yes Bank's independent director Uttam Prakash Agarwal has resigned citing "serious concerns" on "deteriorating practices" and the state of affairs at the private sector lender
Political, regulatory pressure on corporate governance impacting risk taking by firms: HDFC CEO Keki Mistry
Company boards are operating under increased "political and regulatory" pressure to improve their governance standards, and the resultant risk averseness is a prime reason for the growth slowdown, HDFC's Chief Executive Keki Mistry said on Wednesday
Cyrus Mistry says not interested in getting back to Tata Group in any capacity; to pursue options to protect rights as minority shareholder
Cyrus Mistry, the ousted Tata Sons chairman, said he has taken the decision in the overall interest of the Tata group, whose interests are far more important than those of any individual
Carlos Ghosn jailbreak is all-purpose face-saver; exit ends embarrassing diplomatic affair for Tokyo, France and former employers
Carlos Ghosn had some success positioning himself as a victim of a legal system with a 99 percent conviction rate
Uber co-founder Travis Kalanick severs ties with ride-services firm; sells all his shares to focus on industrial kitchens
When Kalanick resigned in the summer of 2017, the company had been through a bruising six months during which employees accused the former CEO of fostering a toxic work culture that encouraged sexual harassment and bullying
Minority stakes count: Cyrus Mistry's NCLAT win in Tata Sons tussle is a significant precedent in refining shareholder democracy in India
The Tata-Mistry ruling should give a sobering message to promoter-driven companies that running a public company through a board involves procedures and practices that go beyond a simple majority-oriented approach
Videocon loan case: With Chanda Kochhar knocking HC’s door challenging termination, ICICI board’s actions are back in spotlight
The first time the case caught public attention, ICICI Bank and its board had fiercely defended Chanda Kochhar without carrying out a detailed probe into the merits of the case
Infosys chairman Nandan Nilekani says speculations of co-founders' role in whistleblower complaints appalling
Infosys on Wednesday said speculations of co-founders and former employees being involved in the recent whistleblower allegations were "appalling" and seem to be aimed at tarnishing the image of some of "the most accomplished and respected individuals"
Are we at the cusp of a huge asset price bubble, Yes Bank shareholders at a crossroads; all this and more on Moneycontrol Pro
Yes Bank management highlighted that it has received a binding offer of $1.2 billion from a global investor and in addition received eight bids from global investors worth close to $1.5 billion.
US market regulator SEC will be seeking cooperation from its Indian counterpart SEBI in its probe into Infosys, which has been rocked by whistleblower complaints of several alleged irregularities, sources said on Friday
Why whistleblower 2.0 is a body blow to Infosys, renewable energy needs a renewed thrust; all this and more on Moneycontrol Pro
Infosys, once the poster boy of corporate governance in India, is for the second time in two years at the receiving end after whistleblowers alleged fudging of numbers
Infosys row: SEBI starts probe against IT-company over whistleblower charges, corporate governance lapses
Markets regulator SEBI has begun its probe into alleged non-disclosure of price-sensitive information by Infosys' management and also corporate governance lapses in the wake of serious allegations levelled by a whistleblower, while it is also examining possible insider trading in the company's securities
Leading exchange BSE on Wednesday asked Infosys to explain why it did not make a disclosure about a whistleblower complaint which alleged that the company's top executives were following "unethical practices" to shore up profits through irregular accounting ways
Infosys accounting probe: Case may be overblown, but it's an opportunity to fix corporate governance, whistleblower norms
Infosys is considered as a bellwether not just for India's emergence as a strong economy in a globalised era in a pioneering export sector, but also for corporate governance and disclosures wore on the sleeves by its iconic founder, NR Narayana Murthy.
India slips 10 places to 68th on global competitiveness index; Singapore replaces US to emerge on top
India, which was ranked 58th in the annual Global Competitiveness Index compiled by Geneva-based World Economic Forum, is among the worst-performing BRICS nations along with Brazil
Indian corporates need to hold themselves accountable to global standards of governance if India wishes to re-shape the global economic order, Aditya Birla Group Chairman Kumar Mangalam Birla said on Tuesday
SEBI voices concern over related party transactions, a method 'frequently' used by corporates to divert funds
Sebi said another means of such diversion was extension of loans