Gati targets to double it’s revenues in 3 years

Gati is targeting to become a Rs 3,000 crore revenue company in the next three years – it’s Chief Executive Officer Pirojshaw Sarkari has said. Key points to note – Company reported revenues of Rs 1,488 crore during trailing twelve months ended September 30, 2021. The target therefore implies doubling of this number in 3 … Read more

Asian Paints denies allegations related to related party deals

The Company has denied allegations of a whistleblower on undue advantage to the promoters at Company’s expense and provided the necessary clarifications. The allegation – Reports surfaced in media that a whistleblower has made a complaint that Asian Paints (APL) entered into a transaction with one of it’s ex-employees Jayram Nadkarni and the company founded … Read more

Rating companies form umbrella organisation in a first

Two domestic credit rating agencies are leading the way in forming a self-regulatory organisation for the sector. CARE Ratings and Acuite Ratings & Research have set up a unit to evolve a common code of conduct and practices to prevent a recurrence of defaults such as those by IL&FS and DHFL. This is the first … Read more

Quality of board packs: An alert for independent directors

Independent directors are often under the erroneous belief that their liability under the law is limited to acts of commission and omission which occurred with their consent or connivance or their knowledge through board processes, and that it does not extend to key matter of governance not placed by the management before the board or … Read more