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Tata Sons chairman rules out leadership revamp
India’s Tata Sons Chairman N Chandrasekaran said on Wednesday that no leadership changes were on the anvil, refuting media reports. The holding firm of the Indian conglomerate was considering adding a chief executive role amid a revamp of its leadership structure, a Bloomberg report had said on Tuesday. Source link
AGR deferment has resuscitated the idea of a three-player market: Analysts
The government’s four-year breather to telecom companies from paying spectrum and adjusted gross revenue (AGR) has fired up the telecom stocks at the bourses in the past two trading sessions. While most brokerages have given a thumbs up to the development and suggest the provisions give some breathing space to Vodafone Idea (VI) – at … Read more
lic: Indian law firms reluctant to advise on IPO of insurance giant LIC: Sources
India’s plans to list state-run Life Insurance Corporation (LIC) face an unusual problem: domestic law firms are shying away from advising the government, deterred by the low fees on offer at the time of a lucrative boom in corporate stock listings. With millions of policyholders and a share of 66% of new premium collections in … Read more
CEO of Srei Infra resigns
Rakesh Bhutoria, CEO of Srei Infrastructure Finance has resigned. Key points to note – The Company is currently under the control of lenders as it is undergoing debt resolution. The Company has more than Rs 30,000 crore of debt. For reference, the current market cap of the Company is about Rs 400 crore. Since December … Read more
Seasoned professional Peshwa Acharya joins Brightcom as President Group Strategy
Digital marketing company, Brightcom’s stock is locked at upper circuit today after it appointed Peshwa Acharya as President Group Strategy. Key point to note – Mr Acharya has more than 3 decades of experience across FMCG (CPG), Retail, Telecom, Technology, E-commerce, Hospitality and Education domains. He has worked with many companies of varied repute in … Read more
Invesco seeks major management reshuffle in Zee Entertainment. Calls for EGM. Later withdraws the request.
The Company informed exchanges of having receipt a letter from shareholders owning 17.88% of the Company – Invesco Developing Market Fund and OFI Global China Fund LLC. The letter sought for calling an Extraordinary General Meeting (EGM) proposing some significant management changes – Removal of Mr Puneet Goenka – the Promoter Managing Director Removal of … Read more