Sonal Shrivastava appointed as CFO at Vedenta Limited
Effective from June 01, 2023, Sonal Shrivastava has been appointed as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) at Vedanta Limited. She is an MBA (Finance) from Jamnalal Bajaj, Mumbai, and a degree in B.E. (Chemical Engineering) from BIT, Sindri. Sonal has an extensive exp
Punit Renjen becomes first non-German to lead SAP’s Supervisory Board
Punit Renjen, an Indian American and former CEO of Deloitte Global, has been appointed as a member and deputy chairperson of the SAP Supervisory Board. Renjen has become the first non-German to lead a DAX40 company with the highest market capitalisation. Renjen has been elected as the designated suc
Indian-origin Virender Rana appointed Managing Director of Condair Australia
Condair, a renowned international supplier of commercial and industrial humidification solutions, has named Virender Rana, who is of Indian origin, as the new Managing Director for Condair Australia. Over the last two decades, Mr. Rana has demonstrated expertise in enhancing business operations, fos
Filing Overdue Returns Mandatory before closing a firm: MCA
The Ministry of Corporate Affairs has introduced new conditions for companies that want to remove their names from the Register of Companies. The changes state that companies must file their overdue financial statements and annual returns before filing for removal. If the Registrar initiates the pro
Eminent Independent Director Rajiv Krishan Luthra passes away
Rajiv Krishan Luthra has ceased to be a Non-Executive Independent Director on the Boards of TV18 Broadcast Limited & Network18 Media & Investments Limited. The media conglomerate informed the exchanges of his untimely demise on late night of May 10, 2023. Luthra was a veteran corporate lawye
Vandana Garg resigned as ID from Precision Wires India Ltd
Vandana Garg, Independent Director has resigned from the Board of Directors effective today at Precision Wires India Limited due to prior commitments and PreOccupation.
Rajnish Kumar and Jyoti Sagar appointed as ID’s at L&T
Rajnish Kumar has been appointed as an Independent Director of L&T from May 10, 2023, for five years. He is a seasoned banker with nearly four decades of experience at the State Bank of India, from where he retired as the chairman.
NIIFL appoints Rajiv Dhar as interim CEO & Managing Director
Effective May 11, Rajiv Dhar has been appointed as the interim Chief Executive Officer and Managing Director of National Investment and Infrastructure Fund Ltd (NIIFL), following Sujoy Bose’s request to be relieved of his duties. Dhar, who has over 30 years of experience, has been an integral
J&K Bank auditors raise red flags in FY23 accounts over employee stock transactions
The auditors responsible for reviewing Jammu and Kashmir Bank’s financial records for the fiscal year 2022-23 have given a qualified opinion and have expressed concerns about the bank’s employee stock purchase scheme (ESPS). Specifically, they discovered that the bank’s employees h
Satish Gundewar replaces B.K. Divakara as CFO of CSB Bank Ltd
The CFO of CSB Bank Limited, B.K. Divakara will step down from his position on June 4, 2023. Satish Gundewar will take over the role of Chief Financial Officer (CFO) on June 5, 2023. He will be appointed as Key Managerial Personnel (KMP) of the Bank. Gundewar has 28 years of finance experience, incl
