Worried independent directors no longer keen to hold board seats
This unabated exodus reflects a trust deficit in corporate India, said the chairman of a leading conglomerate.
Kala Vijayraghavan
Six Tata trusts to challenge tax department order in tribunal
Six Tata trusts had their registrations cancelled & will now challenge the order before ITAT.
We stand by Sterling and Wilson: Shapoor Mistry
We stand by the company and each other as promoters, Mistry told. We are not moving away from our commitment to honour in full all the obligations towards the company. The promoters were scheduled to pay Rs 2,563 crore to Sterling and Wilson Solar by November 18. The promoters had repaid Rs 250 crore.
How trust deficit at multiple levels is hampering animal spirits and growth in India
India’s economy and businesses are facing many measurable, well-understood challenges. But an invisible crisis that is just as corrosive and harder to fix is underway: the erosion of trust. This is playing out at multiple levels.
CG Power seeks up to 2 years moratorium on loan repayments
“Under SBI’s leadership, once the company gets some priority funds and restoration of existing lines of credit, the operations can get to full swing,” Seshadri said. “We need to understand one thing here. This is a case of fraud on the company and not by the company. Money was taken out of a healthy company that was generating close to 300-400 cr of Ebitda.
Don't need tax breaks to pursue charity: Tata Trusts
Will have to cease operations if forced to pay tax and arrears, said one of the six trusts.
Only digital tools can help bridge the gaps to access jobs: N Chandrasekaran, Chairman, Tata Sons
N Chandrasekaran says technologies such as cloud and AI will help fill the gap of India’s “missing middle”.
Whistleblower plaint: Infosys wants probe to be completed in 2 weeks
Law firm Shardul Amarchand Mangaldas and consultancy EY has been tasked to probe the whistleblower charges.
The cat and mouse game starts in used cars’ online sales
Online ad sites are using AI and other filters to prevent stolen vehicles from getting listed on their platforms, but their efforts are only helping partially. A large number of stolen vehicles are finding their way into online classified ad platforms.
This LOC too is causing anguish, of a different kind
Most LOCs are only too real as a number of businessmen have been discovering to their discomfort.
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