Corporate Governance
Corporate Governance News
SEBI needs more funds, not less; govt move to suck out regulator funds comes amid a corporate governance crisis
The Finance Ministry's Budget proposal to suck out to the Centre's kitty a quarter of SEBI's surplus every year is against the grain because what India needs badly now is a culture of progressive corporate governance, on which SEBI has barely scratched the surface
IndiGo promoter spat: Govt seeks explanation from InterGlobe Aviation on Rakesh Gangwal's complaint
The government has sought explanations from InterGlobe Aviation on allegations of corporate governance lapses raised by co-founder and promoter Rakesh Gangwal
IndiGo parent InterGlobe Aviation's shares erase early losses, closes 2% higher at Rs 1,384
The scrip of InterGlobe Aviation on Monday erased its early losses and ended 2 percent higher mainly on value buying at a lower level
IndiGo founders row: Promoters Rahul Bhatia, Rakesh Gangwal co-piloting airline into jeopardy
Insiders believe Gangwal showed annoyance over Bhatia using the IndiGo hub to launch several other enterprises in which obviously Gangwal had no say.
IndiGo parent InterGlobe Aviation's shares fall nearly 5% amid slew of negative news surrounding airline
The scrip of InterGlobe Aviation fell nearly 5 percent on Monday amid a slew of negative news surrounding the airline, including allegations of governance lapses
Hindustan Petroleum Corp relents after 15 months, govt recognises ONGC as company promoter
When the issue first arose in August 2018, Oil Minister Dharmendra Pradhan had clearly stated that ONGC is the new promoter of HPCL.
KIIFB celebrates debut Masala Bond listing on London Stock Exchange; firm terms development as a milestone for Kerala
KIIFB is the first sub-sovereign entity in India to access the international debt capital markets in this manner, said its CEO KM Abraham.
Sun Pharma will form ethics panel to supervise corporate governance-related matters: Dilip Shanghvi
In January this year, Sun Pharma had announced a slew of measures, including replacement of its domestic formulations distributor Aditya Medisales and change of auditors for its arms.
Former Google CEO Eric Schimdt to step down from board after 18 years, will continue as tech advisor at Alpabet Inc
The changes follow scandals involving Google’s handling of sexual misconduct cases
Adding to Carlos Ghosn woes, Nissan set to further slash profit outlook on falling sales in top markets: Report
Nissan is already anticipating a 22 percent cut in operating profit to 450 billion yen ($4.02 billion) for the year ended March, its lowest since the year ended March 2013.
Mukesh Ambani offers gentle lesson to Anil in brotherly bailout, shows he's worthy inheritor of Dhirubhai legacy
Reliance Communications shares zoomed after Mukesh Ambani's brotherly deal, showing that blessings can visibly enhance net worth where family goodwill meets public companies.
Big Bull Rakesh Jhunjhunwala says time to keep some money off the Dalal Street; pooh-poohs startups success stories
Jhunjunwala said he will also leave 5 percent of his fortune in fixed deposits for his two kids, which cannot be touched by them but can ensure easy survival even if they blow the rest of the fortune in gambling in Macau.
Zee, DHFL, IL&FS crises exemplify poor corporate governance; 'big worry' for investors: Franklin Templeton
Franklin Templeton Investments India, which is the largest foreign fund house operating in the country, Tuesday said recent corporate events exposing the follies in governance are a "big worry" for investors
Srikrishna panel probe in ICICI-Videocon case: Not just Chanda Kochhar, role of board members in the shoddy deal too warrants a deeper probe
The Srikrishna panel leaves no room for ambiguity in Kochhar’s role in Videocon-NuPower-ICICI chain of transactions.
Political expediencies can't dictate capital buffer for banks, says senior Reserve Bank of India official
In the comments that come amid repeated demands from key finance ministry mandarins to lower the core capital requirements and align it to the global levels, the RBI official suggested that the debate over capital buffers itself is irrelevant, and the numbers 8 or 9% does not matter
Auditors one of the weakest links in corporate governance, situation leads to serious issues for listed cos, says Uday Kotak
Kotak said the issue in the profession stems from a potential "conflict of interest" where an association of accountants, ICAI also acts as the sector regulator.
Uday Kotak, Anand Mahindra lash out at proliferation of regulations, say they are forced to follow rules in letter and not in spirit
The comments come days after auto industry veteran Rahul Bajaj also expressed his displeasure on laws made by Sebi and corporate affairs ministry in the wake of fleeing defaulters.
Yes Bank saga: Why did Rana Kapoor family keep small shareholders in dark over Rs 1,700 crore transaction?
Yes bank and Rana Kapoor himself are facing major questions for allegedly flouting the golden rules of good corporate governance
Ease of Doing Business ranking: India needs to exhibit more regulatory, governance and financial reforms to investors
The government will be required to ensure that in lieu of promoting corporate governance, it does not hamper its motive of ease of doing business in India
Aircel-Maxis case: Ashok Chawla steps down as non-executive chairman of Yes Bank
Ashok Chawla offered to quit as controversy was being generated on his continuance on the Board of Directors following his name appearing in a Central Bureau of Investigation (CBI) chargesheet in the Aircel-Maxis case.