SEBI introduces an IT testing framework for stock exchanges
The Securities and Exchange Board of India (SEBI) has introduced a comprehensive testing framework for information technology (IT) systems of market infrastructure institutions (MIIs) such as stock exchanges, clearing corporations, and depositories. The newly implemented framework will enable MIIs t
NACL Industries Ltd appoints Raj Kaul as Non-Executive and Non-Independent Director
Raj Kaul has been appointed as Non-Executive and Non-Independent Director of NACL Industries Ltd. starting from May 5, 2023. Kaul has extensive global experience in the crop protection business, M&A, and advisory services related to agrochemicals, biotechnology, and seeds. He holds a BSc Engg. (
Amit Mundra steps down as CFO of Astron Paper and Board Mill Ltd
The chief Financial officer (CFO) and Key Managerial Personnel, Amit Mundra, has resigned from Astron Paper and Board Mill Limited citing personal reasons. The resignation will be effective from May 27, 2023.
Major investor’s plan to break up HSBC thwarted
HSBC, one of the largest banks in the world, has managed to fend off an attempt by its largest shareholder, Chinese insurer Ping An, to split up the bank. Ping An has been calling for HSBC to separate its Asian business, arguing that its profitable operations in Asia are subsidising other parts of t
KPMG Faces Tough Questions After Giving Failed Banks a Clean Bill of Health
KPMG, the largest auditor of US banks, is facing mounting questions about the quality of its work and independence following three bank failures since March. The accounting firm was auditor to Silicon Valley Bank, First Republic, and Signature, and gave all three banks a clean bill of health as rece
SEC Probes First Republic Executives’ Trades Before JPMorgan Sale
According to two anonymous sources, the Securities and Exchange Commission (SEC) is investigating the actions of First Republic Bank’s former executives prior to the bank’s takeover by JPMorgan Chase & Co. The probe is focused on whether any former executives engaged in insider tradi
Varun Berry reappointed as Executive Vice-Chairman and MD at Britannia
Varun Berry has been reappointed as the Executive Vice-Chairman and Managing Director at Britannia for a five-year term beginning April 1, 2024, till March 31, 2029. Varun Berry has a bachelor’s degree in mechanical engineering from Punjab University. He has more than 32 years of experience ru
Tanya Dubash reappointed as Independent Director at Britannia
Tanya Dubash has been reappointed as an Independent Director at Britannia for a term of 5 years starting from February 7th, 2024 to February 6th, 2029. She holds a degree in Economics & Political Science from Brown University, USA, and is an alumna of the Harvard Business School. Tanya Dubash ma
Alembic Pharmaceuticals Ltd appoints Jai Diwanji as Independent Director
Jai Diwanji has been appointed as an Independent Director of the company for a period of 5 years effective May 5th, 2023. He holds a Bachelor’s degree in Law from the University of Cambridge (England) and a Business Service Management degree from Tulane University (New Orleans). Jai Diwanji is
Sivaraman Narayanaswami appointed as Additional Non-Executive Independent Director at Allcargo
Allcargo has announced the appointment of Sivaraman Narayanaswami as an Additional Non-Executive Independent Director for a term of 3 years starting from May 04, 2023. Sivaraman is a seasoned business leader with close to 40 years of experience as a finance professional and organisational/business l
