corporate governance

New Delhi, March 31 Magnum Ice Cream Netherlands has completed the acquisition of a 61.9 per cent majority stake in Kwality Wall's (India) Ltd (KWIL), resulting in a change in the promoter classification."On March 30, 2026, the Incoming Promoter acquired the Sale Shares from the Outgoing...

New Delhi, March 30 The government has appointed Aparna Sinha as an ex-officio member of the Insolvency and Bankruptcy Board of India (IBBI), according to an official notification.Sinha, who is currently serving as an Adviser (FSRL) in the Department of Economic Affairs, Ministry of Finance...

New Delhi, March 30 Finance and Corporate Affairs Minister Nirmala Sitharaman stated in the Lok Sabha on Monday that the Insolvency and Bankruptcy Code (IBC) has been a key and very important factor in improving the health of the country's banking sector, including the recovery of non-performing...

New Delhi, March 28 Government recruitment agency PESB has recommended Ashok Kumar Panda, Director (Finance) of SAIL, for the top position at India's largest public sector steel-making entity.Panda was among the 10 shortlisted candidates interviewed for the post of Chairman and Managing...

New Delhi, March 25 Network18, a major broadcast network, announced on Wednesday the appointment of Raj Jain as an Independent Director to its board for a period of five years, from March 25, 2026, to March 24, 2031.Jain, former Chief Executive Officer of Bennett, Coleman & Co. Ltd. (The Times...

New Delhi, March 25 The Competition Commission of India approved the proposed merger of Coursera's subsidiary, Chess Merger Sub, with Udemy Inc., on Wednesday.US-based Coursera is a global education technology company that operates a leading online learning platform. Its operations in India...

New Delhi, March 25 The Reserve Bank has approved the proposed acquisition of a controlling stake in Sammaan Capital Ltd by a subsidiary of Abu Dhabi-based International Holding Company.The acquisition by Avenir Investment RSC Ltd also includes the indirect change in control of the...

New Delhi, March 25 Airtel Africa announced on Wednesday that Sunil Bharti Mittal will retire as Chairman of the board at the conclusion of the company's AGM in July 2026.Gopal Vittal has been appointed as the Non-Executive Chairman, effective from the same date, while Shravin Bharti Mittal...

New Delhi, March 24 Welspun Mauritius Holdings will transfer its 22 per cent stake in East Pipes Integrated Company for Industry to Welspun Pipes Inc, USA, for 979.90 million SAR (Saudi Riyal).Both Welspun Pipes and Welspun Mauritius Holdings Limited (WMHL) are wholly-owned subsidiaries of the...

Kolkata, March 24 Several former top executives of Coal India Ltd (CIL), its subsidiaries, and Singareni Collieries Company Ltd have sought Prime Minister Narendra Modi's intervention to revise the pension for retired employees, pointing out that it "remains constant forever".Former CIL...

New Delhi, March 24 Aditya Birla Fashion and Retail Ltd announced its leadership succession plan for the Pantaloons brand on Tuesday, with the appointment of Suraj Bahirwani as the designated CEO.Bahirwani will succeed incumbent Sangeeta Tanwani from October 1, 2026, Aditya Birla Fashion and...

New Delhi, March 24 Asgard Alcobev Ltd announced on Tuesday the appointment of Rohit Jain as Chairman Emeritus and strategic advisor to the board.To continue benefiting from his extensive knowledge, experience, and wisdom in an advisory capacity, the Board has approved his appointment as...

New Delhi, March 24 Whirlpool of India Ltd on Tuesday asserted that its proposal to redesignate Anil Berera as a non-executive Independent Director is fully compliant with the applicable legal framework.Responding to proxy advisory firms, IiAS and SES, which have raised concerns over the...

New Delhi, March 24 HDFC Bank has appointed external law firms to independently examine the issues highlighted in the resignation letter by Atanu Chakraborty as a proactive step to ensure an objective and fact-based assessment.The bank's spokesperson said that appointing external law firms is...

New Delhi, March 23 – To promote ease of doing business and reduce compliance burden, the government on Monday proposed a series of amendments to the Companies and LLP laws, including changes in CSR norms, decriminalisation of procedural defaults, flexibility in share buybacks, and relaxations...

New Delhi, March 23 South Indian Bank, a private sector lender, announced on Monday that it has appointed former RBI Executive Director Jose Joseph Kattoor as its non-executive, part-time chairman.The appointment is effective from March 23, 2026, for a term of three years.The appointment...

Mumbai, March 23 In the wake of the HDFC Bank crisis triggered by chairman Atanu Chakraborty's sudden resignation, Sebi chairman Tuhin Kanta Pandey said on Monday that independent directors need to act responsibly and back up any accusations with evidence.In comments that came days after...

New Delhi, March 23 Shares of HDFC Bank have been on a downward trend, falling by nearly 12 per cent in three days, after its non-executive chairman Atanu Chakraborty abruptly resigned, citing differences over "values and ethics".On Monday, the heavyweight stock plummeted 4.70 per cent to...

Mumbai, March 23 Days after the surprise resignation of HDFC Bank non-executive chairman Atanu Chakraborty, capital markets regulator Sebi's chairman Tuhin Kanta Pandey said on Monday that independent directors are expected to act responsibly and not make any insinuations.In comments...

New Delhi, March 23 As many as 179 government-owned companies, including public sector enterprises, do not have a single female director as required under the Companies Act, the government said on Monday.Under the Companies Act, 2013, a certain class of companies are required to have at least...