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
Subros appoints Kamal Samtani as Company Secretary and Compliance Officer
Subros, a leading automotive air conditioning systems manufacturer, announced the appointment of Kamal Samtani as its new Company Secretary and Compliance Officer. The appointment will be effective from 28th April, 2023.Samtani, a fellow member of the Institute of Company Secretaries of India, bring
N Kamakodi reappointment as MD & CEO of City Union Bank
On Wednesday, RBI granted the approval for the reappointment of N Kamakodi as the Managing Director and CEO for another three-year term starting from May 1, 2023, City Union Bank, a private sector bank in Tamil Nadu, announced. The bank stated that the decision was made based on the recommendation o
Aravind Maiya named the new CEO of Embassy REIT
Aravind Maiya has been appointed as the new Chief Executive Officer of Embassy Office Parks REIT. Maiya will take up his position from July 1, 2023, replacing Vikaash Khdloya at the first listed REIT in India and the largest office REIT in Asia by area. Khdloya will step down as CEO on June 30, 2023
SEBI tightens disclosure norms for companies involved in M&A
The Securities and Exchange Board of India (SEBI) has directed listed companies to make accurate and timely disclosures related to mergers and acquisitions (M&A) and asked stock exchanges to be more vigilant. Exchanges have been instructed to monitor share price movements and investor activity b
Sudhakar Saraswatula to Teach a Course on Governance at ISB
Sudhakar Saraswatula has been invited to teach “Corporate Governance for Startups and Entrepreneurial Firms” and “Corporate Governance for large family-controlled Companies” at ISB. He will be teaching the class of “Post Graduate Programme in Management for Family Business.” Sudhakar is
