Raul Rebello appointed as an additional director at Mahindra Finance
Mahindra & Mahindra Financial Services Limited has announced the appointment of Mr. Raul Rebello as the Whole-time Director and Managing Director & CEO. Effective from 1st May 2023 to 29th April 2024, he will be the Executive Director and MD & CEO-Designate, followed by assuming the role
Aswath Damodaran suggests retiring the ESG concept
Aswath Damodaran, a finance professor at NYU, spoke at the Morningstar Investment Conference this week in Chicago where he criticised the concept of environmental, social, and governance (ESG) investing. Damodaran believes that there is no consensus on what constitutes a “good” or “
BBC chairman resigns over Boris Johnson loan inquiry
Richard Sharp, the chairman of the BBC, has resigned following the publication of a report investigating his involvement in facilitating a loan to former UK Prime Minister Boris Johnson. According to a report headed by barrister Adam Heppinstall, Richard Sharp has been found to have violated the gov
Vodafone names Della Valle as CEO with a mission for change
Vodafone has appointed Margherita Della Valle as its new chief executive officer, citing her strong leadership and ability to drive the necessary transformation of the mobile operator. Della Valle, who previously served as the company’s chief financial officer, took on the role on an interim b
Pernod Ricard’s India MD Ann Mukherjee has resigned
Ann Mukherjee, Managing Director at Pernod Ricard India, has stepped down from her role. Pernod Ricard is a French company that produces spirits and wines and is among the largest in the world. With almost three decades of experience in marketing and sales, Mukherjee is a holder of two degrees from
Niraj Shah has been promoted to Executive Director and CFO at HDFC Life
Niraj Shah has been appointed as an Additional Whole-time Director (designated as Executive Director & Chief Financial Officer) at HDFC Life, one of India’s top life insurers, effective April 26, 2023, for a term of three years, subject to Shareholders’ approval. The Nomination and R
M&M Financial reappoints Milind Sarwate as an Independent Director
Milind Sarwate has been appointed for a second term of 5 years as an Independent Director at Mahindra & Mahindra Financial Services Ltd starting from April 1st, 2024. Sarwate, who is the CEO and Founder of Increate, is an expert in advisory, mentoring, ESG contribution, and independent directors
Harish Engineer Resigns from Aditya Birla Sun Life AMC Ltd.
Harish Engineer, a Non-Executive Independent Director of Aditya Birla Sun Life AMC Ltd., has announced his resignation from the post, effective from April 30, 2023. Engineer, who has also been serving on the board of ARKA Fincap Limited since June 14, 2019, and HDFC Property Ventures Limited since J
Vinod Adani quits three firms linked to Adani’s Carmichael mine in Australia
Vinod Adani, the brother of billionaire Gautam Adani, has reportedly resigned from three companies associated with the Carmichael mine in Australia. This move comes after allegations of wrongdoing were made against him and the Adani Group by US-based short seller Hindenburg earlier this year. The Ad
NFRA is examining ICAI’s proposal for a new accounting standard for insurance contracts
The National Financial Reporting Authority (NFRA) has reviewed proposals from the Institute of Chartered Accountants of India (ICAI) for a new Standard (Ind AS) to govern the accounting of insurance contracts. The NFRA will submit its recommendations to the Ministry of Corporate Affairs (MCA), which
