Page 2 - Board Of Directors

Cognizant CEO Ravi Kumar S joins USISPF as member of board of directors

Ravi Kumar S, the CEO of Cognizant, has joined the US-India Strategic and Partnership Forum as a member of its board of directors, it was announced on Tuesday. Ravi is a doyen in the tech industry and is a foremost thought leader who has unparalleled insights on the dynamic and fast-changing nature of the tech sector, USISPF president and CEO Mukesh Aghi said in an announcement. In an era of a digital-first economy and digital trade, Cognizant's work through the years exemplifies the burgeoning collaboration in the US-India technology partnership success story, he said. India's robust tech talent remains pivotal in fortifying and expanding the tech sector within the United States, Aghi said. Congratulating Ravi, USISPF Chairman John Chambers said the Cognizant CEO is an accomplished leader in IT services, and his broad experience in the industry touching digital transformation, engineering services, data analytics, and more puts him in the top calibre of experts supporting ...

Non-executive directors' remuneration cap increased to Rs 30 lakh: RBI

The notification further stated that the banks are required to have suitable criteria for granting fixed remuneration to their NEDs, with the approval of their Board before any review of remuneration

Large shareholders may nudge Zee Entertainment board on action plan

Share prices of Zee nosedived after collapse of its merger agreement with Sony Pictures Networks

Tanla Platforms appoints former TRAI Chief RS Sharma to board of directors

Tanla Platforms on Monday announced the appointment of former TRAI Chairman RS Sharma to its board of directors. With this, the total number of directors on Tanla's board now stands at 7. "Tanla Platforms, India's leading CPaaS (Communications Platform as a Service) player, announced the appointment of former TRAI Chairman Dr RS Sharma to its board of directors, bringing the total number of directors on Tanla's Board to 7," according to a company release. Sharma was the chairman of the Telecom Regulatory Authority of India (TRAI) between 2015 and 2020, and his tenure was marked by initiatives promoting net neutrality and consumer rights. Over the years, he spearheaded multiple government initiatives. As the chairman of the Empowered Group of COVID Vaccine Administration (EGVAC), Sharma steered the design and rollout of Co-Win - the digital backbone of the vaccination drive in India. As CEO of the National Health Authority, he was instrumental in implementing two health initiatives

IT industry veteran C P Gurnani joins upGrad's Board of Directors

Focus on global growth as independent director

Dish TV shareholders reject candidature of 4 independent directors in EGM

In a surprise development, shareholders of Dish TV rejected the candidature of four independent directors in the Extraordinary General Meeting held last week, leaving only one person on the board of the direct-to-home service provider. This prompted immediate appointment of two new persons on the board the same day, as the number of directors fell below the statutory minimum number of three. In the EGM held on December 22, shareholders of Dish TV shot down the four resolutions seeking the appointment and re-appointments of independent directors Shankar Aggarwal, Aanchal David, Rajesh Sahni and Virender Kumar Tagra. However, these resolutions could get only around 28 per cent of the total votes polled, and hence were rejected. "The Resolution Nos 1 to 4 have failed to receive a requisite number of votes in favour by the shareholders under remote e-voting and e-voting at EGM," said the scrutinizer's report submitted to bourses by Dish TV. After the voting results, which were declare

RBI directs private banks to have at least two wholetime directors

Payments banks and local area banks are kept out of the minimum WTD requirements

Ambani's children will get no salary, only fee for attending board meetings

His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm

RBI found excessive dominance by 1-2 board members even in banks: Guv Das

Board discussions have to be free, fair and democratic, Das said, addressing directors of Urban Cooperative Banks (UCBs) at a meeting organised by the Reserve Bank of India

Dhanlaxmi Bank saga puts spotlight on independent directors on bank boards

Is Kalyanasundaram a whistleblower? Dhanlaxmi insiders are not too perturbed by his exit and say it is business as usual at the bank. That said, Dhanlaxmi has been in a prolonged patch of bad news

'Inputs ignored': Dhanlaxmi Bank independent director resigns from board

This comes after Ravindran Pillai, head of R P Group, came out with a special notice for the removal of Kalyanasundaram by passing a resolution at its 96th AGM to be held on 30 September

IIM-Calcutta director resigns; second to do so in 2 years: Report

Sarkar was appointed as the director of the oldest IIM in August 2018 after a controversial exit by his predecessor, Anju Seth

ReNew Energy announces appointment of three independent directors

ReNew Energy Global Plc on Monday announced appointment of three independent directors. "Board of Directors has appointed Paula Gold-Williams, Nicoletta Giadrossi and Philip Graham New as Non-Executive Independent Directors with effect from August 23, 2023," a company statement said. The term of office of each appointee will be till the Annual General Meeting in 2025, if the proposal is approved by the shareholders. Paula Gold-Williams is the former President and CEO of CPS Energy. Currently, she serves as a corporate director on the board of Emera, Inc, a utility holding company headquartered in Nova Scotia, Canada. Nicoletta Giadrossi holds various leadership roles in prominent companies. Philip Graham New is a non-executive director at Norsk Hydro ASA since May 2022 and serves on its audit committee since June 2023. He also holds the position of non-executive director at Almar Water Solutions BV since March 2017.

ReNew makes strategic appointments to its independent board of directors

The appointment of Paula Gold-Williams, Nicoletta Giadrossi, and Philip Graham New as non-executive independent directors aims to increase gender diversity of the independent board

Russian energy giant Rosneft appoints former IOC director to its board

Russian energy giant Rosneft has appointed a former Indian Oil Corporation (IOC) director to its board in signs it may be looking at boosting trade links with India. G K Satish, who retired as director for business development at IOC in 2021, is one of the three new faces appointed to the 11-strong board of directors of Rosneft, according to a statement issued by the Russian firm. Satish, 62, is the first Indian to be appointed to the board of Rosneft. Rosneft has partnerships with Satish's former company in oil and gas fields in Russia. It also sells crude oil to IOC and other Indian firms and has in recent months started shipping naphtha to Gujarat refiners. His appointment assumes significance as Rosneft is now eyeing more deals with Indian firms including the sale of liquefied natural gas (LNG). Satish, who has deep insight into the Indian oil and gas market and has expertise in petroleum product marketing, petrochemicals, LNG and international trade, is one of the five ...

Board of CUMI appoints Sridharan Rangarajan as new MD from August 3

The board of directors of Carborundum Universal Ltd (CUMI), part of the diversified conglomerate Murugappa Group, has appointed Sridharan Rangarajan as its managing director with effect from August 3. Rangarajan currently serves Carborundum Universal Ltd, as its director-finance and strategy. He succeeds N Ananthaseshan who would be retiring from the services of the company and stepping down as director at the close of business hours on August 2. "Delighted that Sridharan Rangarajan, who has been an integral part of the company's strategy and growth for over a decade, is taking over as MD. This will ensure a smooth transition as the company gears up for further expansions in India and global operations," CUMI Chairman M M Murugappan said. On the retirement of Ananthaseshan, he said, "On behalf of the Board, I would like to thank Ananthaseshan for his stellar services to the company over 37 years. He leaves Carborundum well positioned for its next phase of growth in all respects. We

PFS initiates process to select new CEO to put behind corporate lapses

PTC India Financial Services Ltd (PFS) has initiated the process of selecting a new chief executive officer as the company leaves behind the past controversies over allegations of corporate governance lapses. According to sources familiar with the matter, the selection process for the new MD and CEO is anticipated to be concluded by October 19, aligning with the superannuation of the incumbent chief Pawan Singh. The company's management is committed to moving forward and embracing a new chapter at PTC India Financial Services Ltd (PFS). As it leaves behind the controversies of the past, PFS is seeking a new MD and CEO, who will lead it towards a more promising future, the sources said. PFS, classified as an Infrastructure Finance Company (IFC) by the Reserve Bank of India, operates as a systemically important non-deposit-taking NBFC, promoted by PTC India Ltd. In the wake of the resignation of three independent directors on January 19, 2022, citing concerns over corporate governanc

Godrej Consumer Products appoints Aasif Malbari as CFO from August 10

Sameer Shah, GCPL's current CFO, will move to a Group role leading consumer investments

Reliance Chemotax board to meet on May 26, decide on dividend for FY23

The directors will also consider and deliberate on the audited financial results of the company for the March quarter of the previous financial year

TMS Ep413: Non-exec chairman, retail zones, IT stocks, safe harbour rules

Time to ease up on non-exec chairman and directors? Can brands create exclusive retail zones in India? Can IT stocks trigger a market correction? What are safe harbour rules? Answers here