Indian capital markets have greatly evolved during the last two decades and have emerged on the world stage. To quote a few examples, there are over 6,800 listed companies with a combined market capitalisation exceeding $2.6 trillion, according to a World Bank report. Add to this more than a hundred unicorns and private enterprises seeking … Read more
Oberoi Realty (Oberoi), through it’s wholly owned subsidiary Oberoi Constructions Limited (OCL) has a JV – Oasis Realty (Oasis) with Mr Sudhakar Shetty (Sahana Group). Oberoi group holds 32.5% in the JV. Oasis has constructed a residential project, ‘Three Sixty West’ situated at Annie Besant Road, Worli, Mumbai. Oberoi has now called for an EGM … Read more
One 97 Communications, the parent Company of Paytm is scheduled to hold it’s AGM on August 19, 2022. Ahead of the meeting, Institutional Investor Advisory Services India (IiAS), a proxy advisory firm, has advised shareholders of One 97 to vote against some key proposed resolutions. Reappointment of Vijay Shekhar Sharma (VSS) as the MD – … Read more
As was promised in November 2021, Raymond has taken an important step towards professionalising the management. It has appointed Atul Singh, former head of Coca-Cola India, as the Executive Vice Chairman. Atul worked with Coca-Cola for about two decades at several leadership positions and was last with them as Chairman, Asia Pacific. Prior to joining Coca-Cola, … Read more
Indian corporates in general consider shareholders approvals to be a mere formality. With their direct and indirect control over the ownership and the consequent control over the voting, many try to get away with questionable resolutions suiting promoters’ own interests. However, with increasing shareholders’ awareness and activism, it’s becoming increasingly difficult for many of them. … Read more
Brokerage businesses handle significant client money and hence are supposed to be managed with extreme discipline. Regulations are well laid out in that regard. However, time and again we come across cases that raise doubt on this underlying presumption. Today, SEBI passed an adjudication order against IIFL Securities Limited (IIFL) for some serious violations – … Read more
The Company last month had appointed ICICI veteran, Ms Vishakha Mulye as the CEO. She had taken over from Mr Ajay Srinivasan, who had been it’s Chief since 2007. AB Capital also informed that the change was due to Ajay deciding to step down and look for a different role within the group. The rumour … Read more
In a surprise development, Indostar Capital Finance Limited (ICFL) informed the following – On March 31, 2022, the management had informed Audit Committee of certain control deficiencies observed during the interim statutory audit Observations specifically related to the CV loan portfolio They were in respect of sanctioning of loans to existing customers, loan documentation and … Read more
Brightcom has informed about the subject to the exchanges on February 28, 2022. Key points to note – SEBI had sent a letter to the Company on September 16, 2021, asking it to conduct a forensic audit. “The Securities and Exchange Board of India has reasonable grounds to believe that the disclosure of financial information … Read more