Bajaj Finance Re-appoints Naushad Forbes as Independent Director
The Board of Directors of Bajaj Finance has recommended to the shareholders the reappointment of Dr. Naushad Forbes as a Non-Executive Independent Director for a second term of five years, with effect from April 1, 2024.
Automotive Axles’s Independent Director Shalini Sarin Retired
Shalini Sarin, Non-Executive Independent Director of Automotive Axles Limited, has completed her tenure and ceased to be an Independent Director with effect from February 12, 2024.
Heidelberg cement India’s Independent Women Director Jyoti Narang Appointed as Chairperson
Jyoti Narang, Independent Women Director, has been appointed as the new Chairperson of Heidelberg Cement India Limited, with effect from February 12, 2024.
Whole-time Director Rajendra Kalkar and CFO Anuraag Srivastava resigned from The Phoenix Mills
The Board of Directors of Phoenix Mills Limited has approved the resignations of Rajendra Kalkar from the posts of Whole-time Director and Anuraag Srivastava as Chief Financial Officer (CFO) and KMP.
Allcargo Logistics’ Non-Executive Independent Director M. K. Chouhan has retired
Mahendra Kumar Chouhan, Non-Executive Independent Director of Allcargo Logistics Limited, retired on February 10, 2024.
Aurobindo Pharma Appoints Deepali Joshi as Non-Executive Independent Director
The Board of Directors of Aurobindo Pharma Limited appointed Dr. Deepali Pant Joshi as an Additional Director (Non-executive and Independent), for a period of two years, with effect from February 10, 2024.
Bank’s Non-Executive Directors Remuneration Increased by RBI
The Reserve Bank of India (RBI) has raised the remuneration ceiling for Non-Executive Directors of banks up to 30 lakh rupees per year from 20 lakh annually previously.
IRDAI’s Debasish Panda hints at reducing the compliance burden on the insurance sector
From about 80 regulations now, India plans on having just 15-20 regulations in the insurance sector as it adopts a "principle-based" oversight architecture to reduce compliance burdens.
Adani Ports secures top ratings for climate actions
In assessments conducted by four global rating agencies, Adani Ports and Special Economic Zone Ltd. (APSEZ) has been rated highest for its climate actions and environmental performance. Moody's, S&P, CDP, and Sustainalytics carried out the assessments.
Independent Directors expressed concern over Paytm Payments Bank
During a period when the position of Corporate Boards is once again being questioned, Independent Directors on the Paytm Payments Bank Board have suggested that red flags were indeed raised regarding regulatory matters, albeit potentially after the optimal time.
