Board Meeting

The board of Tata Sons will meet on Tuesday, and discussions on the diversified group's loss-making companies are likely to come up, sources said on Monday. However, sources made it clear that any discussion on Tata Sons chairman N Chandrasekaran's reappointment is unlikely at the board meeting, which comes amid rising frictions within the group. Individual companies, especially those currently loss-making, are likely to make a presentation on the state of their business and the way ahead, a source said. Chandrasekaran and Tata Trusts chairman Noel Tata, who is a nominee director on the Tata Sons board, are understood to have met over the weekend to discuss the same matter on the performance of the companies. In FY25, Tata group's unlisted businesses posted a loss of Rs 10,905 crore, which is likely to go up to Rs 29,000 crore, according to reports. It can be noted that the Tata group, which includes the Tata Trusts owning two-thirds of Tata Sons, the holding company of the group,

May 26 meeting expected to set the tone for Tata group's future leadership, discuss Tata Sons' listing

The two reports, despite the time gap between them, converge on the view that India's corporate boards are at an inflection point

Overseeing how regulations affect strategies and processes in an uncertain environment, amidst sharper scrutiny from institutional and retail investors, will shape the priorities for the year ahead

Biocon's board will meet on December 6 to consider acquiring Biocon Biologics shares from minority investors through cash or a share swap, and to approve fundraising options such as QIP, rights issue

The last time the private-sector lender undertook a stock split was in September 2010

Battery maker says the Income Tax department has been conducting a survey at its offices and plants since October 29, adds there's no material impact on operations

Furthermore, Biocon has scheduled a board meeting on April 4 to discuss and approve fundraising for its commercial business

The newly appointed directors include Rashmi Joshi, Amit Jain, Shantanu Khosla and Meena Ganesh, the company said in a release

Last year, interest rate for FY24 was fixed at 8.25 per cent by CBT, the apex decision making body of the social security organisation

As businesses grow, the operating environment becomes more complex, and investors become more demanding

International Financial Services Centres Authority (IFSCA) has issued advisories and warnings to FMEs that the unified regulator suspects could be operating

If approved, this will be the first fundraise by the food delivery giant since its stock market debut three years ago

The company had previously raised Rs 550 crore by issuing shares on a preferential basis in July 2021

The surge came after the company announced that its board will meet on June 10 to approve raising of funds by way of issuance of Non Convertible Debentures (NCDs) on private placement basis

Power trading solution provider PTC India on Wednesday said it has deferred its May 30 board meeting due to non-availability of financial results of subsidiary PFS. PTC India Financial Services (PFS), in which the company holds 64.99 per cent stake, is registered with RBI as a Non-Banking Financial Company (NBFC), a regulatory filing said. The company will submit its financial results in due course and date of the board meeting will be intimated separately, it stated. "Board meeting proposed on May 30th, 2024 for consideration of approval of standalone and consolidated Financial Results of PTC India for the quarter and year ended March 31, 2024, including recommendation for final dividend for FY23-24 has been deferred on account of non-availability of financial results of PFS," the filing added.

The current board of Byju's parent, Think and Learn, including Raveendran, his wife and Byju's co-founder Divya Gokulnath, and his brother Riju Ravindran will also not attend the EGM

Stocks to watch on Tuesday, February 20, 2024: Whirlpool of India parent company likely to offload 24 per cent stake via block deal today.

The upheaval is unusual for Apple's board, which rarely has more than one retirement at a time. Gore was the longest-serving member

About 400 independent director posts at 198 companies are required to be replenished by March 2024