India to launch an automated compliance system for limited liability partnerships
The Indian government is set to implement a new compliance oversight regime for limited liability partnerships (LLPs), with over 260,000 active LLPs to receive auto-generated alerts and emails for default and missed deadlines. The corporate affairs ministry has completed a successful pilot of the IT
Sanjiv Kapoor, Jet Airways’ CEO-designate, has resigned
Jet Airways 2.0, the revived version of the airline that shut down in April 2019, has lost its CEO-designate Sanjiv Kapoor and other key officials in recent days due to a lack of fund infusion. The winning Jalan Kalrock Consortia (JKC) has not made the required payments to lenders and employees, and
Banmali Agrawala has stepped down as a director of Tata Power
Tata Power’s Non-Executive, Non-Independent Director, Banmali Agrawala, has resigned from his position on the Board of Directors. His resignation will be effective from the end of the business day on April 28, 2023, as he is engaged in other activities. With more than three decades of experien
Rishi Gupta has been reappointed as the MD & CEO of Fino Payments Bank
Rishi Gupta, has been reappointed as MD & CEO of Fino Payments Bank for a three-year term starting from May 02, 2023. He possesses a bachelor’s degree in commerce from the University of Delhi and is a certified chartered accountant and cost and works accountant. He was a founding member of
ASAL appoints Shrikant Joshi as CS
Effective from April 28th, 2023, Shrikant Joshi has been appointed as the Company Secretary and Compliance Officer at Automotive Stamplings and Assembilies Limited following the resignation of Prasad Zinjurde from the same post on March 11th, 2023. With over 15 years of experience in Secretarial Pra
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
