corporate governance

New Delhi, April 10 Swiggy, the on-demand convenience platform, said on Friday that its co-founder, Lakshmi Nandan Reddy Obul, has resigned from the company's board.Obul has resigned as Whole-Time Director and Head of Innovation, effective April 10, 2026, to pursue other professional...

New Delhi, April 10 SP Group Chairman Shapoorji Pallonji Mistry reiterated on Friday his call for the listing of Tata Sons, arguing that it is not merely a matter of regulatory compliance but a necessary evolution in the public interest, expressing confidence in the government and the RBI to...

New Delhi, April 9 Bharat Forge Ltd announced on Thursday that its board has approved the restructuring of the steel forging operations of its subsidiary in Germany, including the possibility of closing the operations due to market challenges and associated cost disadvantages.The company's...

New Delhi, April 8 The capital markets regulator, Sebi, has introduced a mechanism for the lock-in of pledged shares in an effort to streamline requirements related to public offerings.Under the new framework, Sebi has allowed depositories to mark certain securities as "non-transferable" for...

Mumbai, April 8 The Reserve Bank said on Wednesday that the minutes of HDFC Bank's board meeting and other records are reviewed as part of the supervisory exercise, and reiterated that the largest private sector lender has not been found wanting in terms of ethics and governance."I would like...

Mumbai, April 8 Reserve Bank Governor Sanjay Malhotra announced on Wednesday that the monetary authority will be introducing a new framework for non-bank lenders in the wake of uncertainty surrounding Tata Sons' listing issue."We are coming up with a new framework for NBFCs. We should be doing...

Mumbai, April 7 Air India, owned by the Tata Group, announced on Tuesday that its CEO and MD, Campbell Wilson, has resigned, and the airline has set up a committee to find his successor.Wilson, a native of New Zealand and a former veteran of Singapore Airlines, has been at the helm of the...

New Delhi, April 7 The Nasscom Foundation announced on Tuesday the appointment of UB Pravin Rao as its new Chairperson, effective immediately.Rao succeeds Rostow Ravanan, who has completed his term as the head of the non-profit organization. Ravanan served as the Chairperson of the Nasscom...

New Delhi, April 7 State-owned REC Ltd announced on Tuesday that Rajiv Ranjan Jha, Director (Projects) of Power Finance Corporation (PFC), has been appointed as a nominee director of PFC on the board of REC.According to a regulatory filing, based on a declaration received from Jha, he is not...

Mumbai, April 6 Sebi chairman Tuhim Kanta Pandey said on Monday that independent directors play a very important role in a company's affairs, and emphasized the need for them to adopt a "constructive approach" when performing their duties.In comments that came weeks after the resignation of...

Kolkata, April 4 IIM Calcutta Director Alok Kumar Rai on Saturday said the institute remains committed to shaping professionals who lead with integrity and purpose in a complex world."At IIM Calcutta, we strive to nurture leaders who are not only professionally competent but also socially...

New Delhi, April 4 HDFC Bank, the country's second-largest lender, reported a 12 per cent increase in credit growth to Rs 29.6 lakh crore for the March quarter.The bank's total advances stood at Rs 26.43 lakh crore as of March 31, 2025, HDFC Bank said in a regulatory filing.The lender...

Mumbai, April 2 The All India Bank Employees' Association has written to Finance Minister Nirmala Sitharaman, seeking an inquiry into the affairs at HDFC Bank following the surprise resignation of its non-executive chairman Atanu Chakraborty last month.The AIBEA said there is a need for HDFC...

New Delhi, April 2 Allied Blenders and Distillers Ltd (ABDL) announced on Thursday the appointment of Amar Sinha as the company's designated Managing Director, effective immediately.Sinha, a veteran of the alcoholic beverage industry with over three decades of leadership experience, previously...

New Delhi, Apr 2 UGRO Capital, a data-tech lender focused on MSMEs, has said that members of the Patni family and their associates have collectively increased their stake in the company to over 5 per cent.Zodiac Wealth Advisors LLP, the Patni group’s investment vehicle, along with 22 other...

New Delhi, April 2 State-owned Power Finance Corporation announced on Thursday that its independent director, Bhaskar Bhattacharya, has resigned, citing plans to contest in the upcoming assembly elections in West Bengal.Bhattacharya was appointed on May 13, 2025, for one year by the Ministry...

Mumbai, April 1 – The Congress suspended seven of its corporators in the Jalna Municipal Corporation in central Maharashtra on Wednesday for allegedly assisting the BJP in the appointment of nominated members.State Congress president Harshvardhan Sapkal took the action against the corporators...

New Delhi, April 1 The CBI registered a new case against industrialist Anil Ambani and Reliance Communications Ltd on Wednesday, alleging that they caused a loss of ₹3,750 crore to the Life Insurance Corporation (LIC) of India, officials said.The CBI has filed the case on charges of...

New Delhi, March 31 Vedanta Ltd announced on Tuesday that it has extended the deadline for its proposed demerger to June 30, as approvals from certain government authorities remain pending and are still being processed."Since certain conditions precedent to the Scheme, including receipt of...

March 31, New Delhi – InterGlobe Aviation Limited announced on Tuesday the appointment of William Walsh as Chief Executive Officer, subject to regulatory approvals.Walsh's tenure at the International Air Transport Association will conclude on July 31, 2026. He is expected to assume the role at...