Chennai: In a landmark realignment within the Murugappa Group, scion Vellayan Subbiah is set to exit Cholamandalam Investment and Finance Company, the conglomerate’s flagship lending arm. The decision comes after more than two years of negotiations among the family’s promoter factions, aiming to restructure ownership while maintaining business continuity. Family…
Tag: #CorporateGovernance
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Vice-President Releases Vajpayee Coffee Table Book
New Delhi: The Vice-President of India, Shri C. P. Radhakrishnan, on Friday released the coffee table book “Atal Bihari Vajpayee: The Eternal Statesman” at Dr. Ambedkar International Centre in the national capital, paying rich tributes to one of India’s most respected leaders. A Tribute to a Statesman Describing the occasion…
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IFSCA-IICA MoU to Boost Governance at GIFT IFSC
Gandhinagar: In a major push to institutionalize a standardized corporate governance ecosystem at GIFT International Financial Services Centre (GIFT IFSC), the International Financial Services Centres Authority (IFSCA) and the Indian Institute of Corporate Affairs (IICA) have signed a strategic Memorandum of Understanding (MoU). The agreement was formally signed on February…
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SEBI Suspends GM in Vigilance Probe Over IPO Case
New Delhi: The Securities and Exchange Board of India (SEBI) has suspended a senior official following the initiation of disciplinary proceedings in what has been described as a “sensitive vigilance matter.” The action comes amid scrutiny of an investigation connected to a small and medium enterprise (SME) initial public offering….
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Tata Education Trust Renewals Spark Tension
Mumbai: Fresh tensions are emerging at the Tata Education and Development Trust (TEDT) as the terms of two trustees approach renewal, with internal disagreements threatening to block their continuation. The development comes amid tighter governance norms introduced by the Maharashtra government last year, adding further scrutiny to trustee appointments. Unanimous…
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India’s CSR Spending Crosses ₹1.44 Lakh Crore in Five Years
New Delhi: Corporate Social Responsibility (CSR) spending by Indian companies has crossed ₹1.44 lakh crore over the last five financial years, highlighting sustained growth in development-focused corporate participation. Annual filings submitted by companies to the Ministry of Corporate Affairs (MCA) reveal that development-oriented CSR expenditure between FY 2019-20 and FY…
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IICA Trains IES, ITS Officers on Companies Act
The Indian Institute of Corporate Affairs (IICA), under the Ministry of Corporate Affairs, has organised a specialised training programme on the Companies Act, Competition Law, and the Insolvency and Bankruptcy Code (IBC) for officers of the Indian Economic Service (IES) and Indian Trade Service (ITS). The five-day programme is being…
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India Law Ministry Refuses US SEC Summons on Adani
India’s Ministry of Law and Justice has twice refused to formally serve summons issued by the United States Securities and Exchange Commission (SEC) on Adani Group chairman Gautam Adani and his nephew Sagar Adani. Court filings in New York reveal that the Ministry cited missing ink signatures, absent official seals,…
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NFRA–IndiaAI Launch AI Challenge for Financial Compliance
In a significant push towards technology-driven regulation, the National Financial Reporting Authority (NFRA), in collaboration with IndiaAI, has launched the IndiaAI Financial Reporting Compliance Challenge. Announced on Tuesday, the challenge invites Indian companies and DPIIT-recognised startups to develop advanced AI-powered solutions capable of analysing complex financial documents and validating them…
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PMO Pushes Coal India to List All Subsidiaries by 2030
In a significant move aimed at strengthening governance and unlocking value in public sector enterprises, the Prime Minister’s Office (PMO) has directed the Ministry of Coal to ensure that all subsidiaries of Coal India Limited (CIL) are listed on stock exchanges by 2030. The directive underscores the government’s broader push…