Board Of Directors

IIHL inducts Dubai-based Indian businessman Vachani to Board of Directors

The IndusInd International Holdings Limited (IIHL), the promoter of IndusInd Bank in India and the recently acquired IIHL Bank & Trust, Bahamas, in its recently concluded board meeting announced the induction of Kamal Vachani to its Board of Directors. IIHL is the Mauritius-based platform, conceived and promoted by the Hinduja Family along with several hundred super high net worth individuals of the Indian diaspora. Kamal Vachani is the partner of the Dubai-based Al Maya Group with business interests across the retail sector. Speaking on his induction to the board, Ashok P Hinduja, Chairman, IIHL, stated, With his rich experience in UAE and GCC (Gulf Cooperation Council) and a significant number of our shareholders there, they would be well represented by Kamal, as IIHL seeks to build and consolidate its footprint across several financial services and para banking sectors like insurance, asset management, securities, private wealth, etc to be a global financial powerhouse. In line

Bank of America revamps leadership ranks with eye on succession race

Bank of America named Dean Athanasia and Jim DeMare as co-presidents reporting to CEO Brian Moynihan, while Alastair Borthwick adds executive VP title to his CFO role

IndusInd Bank shareholders reject promoter bid for two board nominees

IndusInd Bank shareholders voted against a promoter resolution seeking to appoint two nominee directors, even as they approved Rajiv Anand's appointment as MD & CEO

Orkla India revamps board, appoints 4 non-executive independent directors

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

Nawaz Modi Singhania steps down as director from the Raymond board

We thank Nawaz Modi Singhania for her services as a board member over the years, says Gautam Singhania

Bajaj Auto reappoints Rajiv Bajaj, invests Rs 1,500 crore in credit arm

This investment is intended to support BACL's projected growth in assets under management (AUM) for the financial year 2025-26

42% of director positions vacant on boards of 12 public sector banks

The Ministry of Finance, in a reply in Lok Sabha, said that the PSBs intimate the vacancies on the board of the bank and difficulties faced by them, if any, from time to time

Religare saga: Rashmi Saluja plans to stay on until open offer ends

Shareholders have right to remove/appoint directors, say lawyers

Starbucks lead independent director Hobson to step down after two decades

Hobson previously served as the chairwoman of Starbucks from March 2021 to September 2024, making her the only African American woman to chair a Fortune 500 company at the time of her appointment

Board committees: The driving force behind board's efficiency and direction

Digital transformation, cybersecurity, artificial intelligence, recruitment and retention, climate change, geopolitics are just some of the more recent issues that boards need to address

Tata Motors advances demerger scheme, unveils new corporate structure

Completion of the scheme is contingent on obtaining necessary shareholder, creditor, and regulatory approvals, anticipated to take 12-15 months

In major boardroom reshuffle, Samina Hamied steps down from Cipla Board

The announcement comes amid reports that Cipla promoters are looking to sell their entire or partial shareholding in the company

Poonawalla Fincorp top deck sees rejig, 5 seniors opt for early retirement

The NBFC has informed the exchanges that its five senior management personnel (SMP) have sought early retirement, while announcing the replacement

Stark gender disparity seen among newly registered young directors

Women's share in managerial positions in India lowest among BRICS countries

Godrej re-appoints Tanya Dubash as executive director, chief brand officer

The company also said that Dubash is not barred from holding the office of director by virtue of any order of the Securities and Exchange Board of India (SEBI) or any other such authority

Andhra Paper stock split: Board approves split in 1:5 ratio; stock falls 4%

The fall came a day after the company announced its March quarter results for FY24 (Q4FY24), along with stock-split and dividend announcement

RBL Bank appoints Murali Ramakrishnan as independent director for 4 years

Earlier, Ramakrishnan served as the Managing Director & Chief Executive Officer of South Indian Bank

ZEEL shareholders approve appointment of three independent directors

Zee Entertainment Enterprises shareholders have approved the appointment of three independent directors to the company's board. Special resolutions for approval of the appointment of - Uttam Prakash Agarwal, Shishir Babubhai Desai and Venkata Ramana Murthy Pinisetti were passed with majority by the shareholders of Zee Entertainment Enterprises Ltd (ZEEL) through a postal ballot process. All three special resolutions received over 75 per cent of the total number of valid votes, according to the Consolidated Report of the Scrutinizer shared by the company to bourses. "This outcome of the remote e-voting process concluded on 15th March 2024 reflects the shareholders' confidence in the Board of the Company," ZEEL said in a statement later. On February 5, 2024, ZEEL sent a postal ballot notice to seek approval of the shareholders for the appointment of three independent directors for their first term of three years, which is from December 17, 2023, to December 16, 2026. On Friday, Zee

RBI reconstitutes 'committee of advisors' of Abhyudaya Cooperative Bank

In November last year, RBI had superseded the Board of Directors of Abhyudaya Cooperative Bank for one year citing poor governance standards

Fino Payments Bank appoints two new independent directors on its board

The Mumbai-based Fino Payments Bank has appointed Anita Sudhir Pai and Neeta Mukerji as additional directors in the capacity of independent directors of the bank