Tata Sons Ltd., the company for India’s largest conglomerate, is considering an historic revamp of its leadership structure by creating a chief executive officer’s role to assist improve corporate governance, people engaged within the deliberations said. Under the plan being proposed, the CEO will guide the sprawling businesses of the 153-year-old Tata empire, while the chairman will oversee the chief executive […]
Insider trading: SEBI restrains Poonawalla Fincorp MD, 7 others
The Securities and Exchange Board of India (SEBI) has barred Abhay Bhutada, director of Poonawalla Finance, and 7 others from accessing the stock exchange after alleged trading . In a 46-page interim order, SEBI said the eight entities had made total wrongful gains of Rs 13.58 crore through trading in shares of Magma Fincorp (now Poonawalla Fincorp) round the time it had been acquired by Rising Sun Holdings (RSHPL). […]
Moratorium on government dues: Vodafone Idea lenders relieved as telco will see cash flow savings
Lenders to Vodafone Idea are a worried lot with the telco struggling to manage cash flows within the wake of subscriber losses and a mounting debt pile with AGR dues owed to the govt on top of it. the cupboard approval for a moratorium of 4 years on AGR and spectrum dues has come as an enormous relief for banks with an outsized exposure to the telco. The banking […]