Promoters

Jet Airways saga: Why promoter Naresh Goyal must not just step down but exit the airline he founded

Etihad Airways has been insisting that Jet Airways' founder and Chairman Naresh Goyal must step down from the company's board and his stake should be slashed to 22% from 51% as a precondition for its heightened stakes.

TCS promoters to participate in recently announced Rs 16,000-cr buyback offer

Earlier this month, the TCS board had approved a proposal to buy back up to 7.61 crore shares or 1.99 percent of the total paid-up equity share capital at Rs 2,100 a share.

Sebi to implement system-driven disclosures for non-promoters, directors, employees of listed firms

Sebi said the system would continue to run in parallel with the existing system.

Income Tax Department takes cognisance of Cognizant’s Rs 2,500 cr tax avoidance, but will not succeed

Tax avoidance is still a potent part of a tax payer’s armour. The only way to end tax avoidance is legislative interference.

Insolvency ordinance: Let crooked promoters too bid, if they make a clean breast of their past

Many steel companies’ promoters facing insolvency proceedings want to bid says Kotak Securities, but the new law throws a spanner in their works.

Sebi bans Grass Root Finance, 13 cos from capital markets for raising funds by violating IPO norms

The company had issued equity shares to 9,321 people between 1995-96 and 2006-07 and raised Rs 6.80 crore through such issuance.

CEOs switching jobs: What should they consider before taking this step

A CEO is not all powerful – there are boundaries that even a CEO faces vis-à-vis the board , the promoters and the ecosystem

Taming 2.09 lakh defunct companies: With bank accounts frozen, will it result in a rich haul for govt?

The promoters and directors would now have to explain the source of the funds pouring into the bank accounts thus frozen

Infosys: Not all promoters likely to be in sync with Narayana Murthy's criticism, says advisory firm

IiAS said the voting pattern of Infosys promoters' shares in resolutions presented by the company over the past 36 months is "unmistakable evidence" of an internal difference of opinion.

S4A Plan: Banks want RBI to waive promoters personal guarantee, ask for fresh moratorium

Bankers said many of the companies are into stress for the reasons beyond their control and so the promoters may find it difficult to pledge their personal guarantees