Belstar Microfinance and Sundaram Home Finance penalised by RBI
The Reserve Bank of India (RBI) announced on Friday that it had fined Belstar Microfinance Rs 3,10,000 and Sundaram Home Finance Rs 1,50,000 for not adhering to certain parts of the Know Your Customer (KYC) regulation, 2016.
Wipro’s APMEA Chief Anis Chenchah Steps Down, First Senior Exit Under Pallia
Anis Chenchah, the Head of Asia Pacific, the Middle East, and Africa (APMEA) at Wipro Limited, has stepped down, marking the first major departure since Srinivas Pallia took over as CEO last month.
Cholamandalam Financial Reappoints Vasudha Sundararaman & K Balasubramanian as Independent Directors
The Board of Directors of Cholamandalam Financial Holdings Limited has approved the reappointments of Vasudha Sundararaman and K Balasubramanian as Independent Directors for three years each, with effect from February 12, 2025, and March 17, 2025, respectively.
Tata Motors Appoints Bharat Puri & Reappoints Vedika Bhandarkar as Independent Directors
The Board of Directors of Tata Motors Limited, on May 10, 2024, has decided to appoint Bharat Puri as an Additional Non-Executive Independent Director for 5 years, with effect from May 15, 2024.
Sharda Cropchem Appoints H. S. Upendra Kamath, Shalin Divatia, & Vinod Kathuria as Independent Directors
The Board of Directors of Sharda Cropchem Limited has appointed H. S. Upendra Kamath, Shalin S. Divatia, and Vinod Kumar Kathuria as Additional Directors in the capacity of Non-Executive and Independent Directors for five years with effect from May 10, 2024.
Prestige Estate Projects’ CEO, Venkata Narayana K., Steps Down
Venkata Narayana K. has tendered his resignation as the Chief Executive Officer (CEO) of Prestige Estates Projects Limited and also from the committees of the Board, with effect from May 10, 2024.
ICICI Bank’s Head of Cards and Payment Solutions Bijith Bhaskar Resigned
Bijith Bhaskar, Head of Cards, Payment Solutions, E-Commerce Ecosystem, Merchant Ecosystem, and Consumer Finance, who is part of the Senior Management Personnel Group, has resigned from ICICI Bank, which was accepted by the bank and will be effective May 18, 2024.
Cipla Appoints Sanjay Varughese Joseph as VP & Head – Manufacturing – API Business
The Board of Directors of CIPLA Limited has approved the appointment of Sanjay Varughese Joseph, Vice President and Head, API Business, as Senior Management Personnel with effect from June 1, 2024.
The SEC’s anti-crypto banking guidance, SAB 121, is voted down by the House
The United States House of Representatives has approved a bill aimed at overturning controversial Securities and Exchange Commission (SEC) guidance that prohibits banks from holding cryptocurrency.
Activist investors won three board seats at Norfolk Southern
Norfolk Southern's CEO faces increased pressure to boost profits following shareholders' decision to elect three board members nominated by an activist investor.
