New Delhi, July 8 (IANS) Shares of private lender South Indian Bank tumbled nearly 10 per cent on Wednesday after the lender announced that it had received the Reserve Bank of India’s (RBI) approval for the appointment of Mahesh Muralidhar Pai as its Managing Director and Chief Executive Officer (MD & CEO).The private banking stock declined as much as 9.86 per cent to Rs 43.02 on the BSE. At around 12:05 pm, it was trading at Rs 44.23, down more than 7 per cent.In a regulatory filing, the pr…
Latest Companies Act 2013 News & Updates
Mumbai, June 30 (IANS) Almost a week after announcing his decision to step down as chairman of Trent, Noel Tata on Tuesday said he will also relinquish the chairmanship of Tata Group company Voltas.Addressing shareholders at the cooling products maker’s 72nd annual general meeting (AGM) here, the 69-year-old said the meeting would be his last as chairman of the company, bringing to a close a leadership role he has held since 2017.”As you might be aware, this will be my last annual general meetin…
New Delhi, June 20 (IANS) The Department of Public Enterprises (DPE) has, for the first time, notified ‘Development of Sporting Activities’ as a common Corporate Social Responsibility (CSR) theme for Central Public Sector Enterprises (CPSEs), a move expected to channel greater institutional funding towards sports development across the country.The decision, notified through an Office Memorandum, marks a significant evolution in the DPE’s thematic framework for guiding CSR expenditure by CPSEs to…
New Delhi, May 23 (IANS) The government on Saturday released detailed operational guidelines for the implementation of the BHAVYA Scheme, a landmark initiative aimed at developing investment-ready, world-class industrial parks across the country.BHAVYA has been designed to strengthen India’s manufacturing ecosystem through development of integrated industrial infrastructure aligned with the objectives of ‘Make in India’, ‘PM Gati Shakti’, and the Government’s broader vision of positi…
Mumbai, Feb 6 (IANS) The Maharashtra government on Friday approved the establishment of a state-level apex institution, Maharashtra Agency for Holistic International Mobility and Advancements (MAHIMA), a wholly government-owned, not-for-profit company, aimed at creating an ecosystem to facilitate overseas employment for the state’s skilled workforce.The agency will coordinate with NSDC-International, global employers, skill universities, training institutions, industry associations and recruit…
New Delhi, Dec 24 (IANS) Private sector lender IndusInd Bank on Wednesday informed stock exchanges that the Serious Fraud Investigation Office (SFIO) has begun investigating the affairs of the bank under Section 212 of the Companies Act, 2013, and has sought relevant information related to accounting issues flagged earlier.In a regulatory filing, the bank said it received a letter dated December 23, from the SFIO asking for specific details as part of the investigation.“The Bank has received a…