Corporate Governance

$533 million 'roundtripped' to Byju Raveendran, affiliates: US court filing

Debtor alleges evidence from OCI Limited shows funds were "round-tripped" to Byju Raveendran despite his earlier sworn statements - claims Byju's founders strongly reject

Consulting lessons from Deloitte’s cross-border advisory expert

In this Manager’s Mantra episode Seiji Ota, Partner, Deloitte, talks about M&As, tackling different management styles of companies forming a joint venture, opportunities and challenges in consulting

Mehli Mistry files a caveat with Maharashtra Charity Commissioner

The caveat notice has also been sent to all Tata Trusts trustees, according to a source close to the development

Don't relax MPS requirements: Easing rules won't aid corporate governance

The Indian capital market's growth has been truly impressive in recent times. Since 2019, the market cap-to-GDP ratio has increased from 81% to 135%

Learn from IBM's communication stalwart

In this episode Tuhina Pandey, Director APAC Communications & Marketing, India and South Asia, IBM, talks about opportunities and challenges in marketing communications and gives career advices >

IndusInd Bank strengthens leadership team with key new appointments

The private sector lender names new leaders across audit, finance, marketing, and transformation roles under MD & CEO Rajiv Anand to drive growth and governance

The CEO Mindset: Shiv Shivakumar puts behaviour at the heart of leadership

For leaders, what matters more - behaviour and mindset, or actions and practices? S Shivakumar's book argues for the former

Best of BS Opinion: Land reforms, nuclear energy can power Indian economy

Today's Opinion page traverses the regulatory landscape, from land reforms to nuclear power, corporate governance to government divestment and comes away with deep insights into all

True test of independent directors lies in their integrity, not box-ticking

Despite India's robust regulatory framework -strengthened by the 2013 Companies Act and Sebi's listing regulations - the chairman identified a troubling gap between structure and spirit

Sebi plans to ease related-party transaction rules for big companies

Sebi proposes easing related party transaction (RPT) norms for large companies, raising materiality thresholds and reducing the number of approvals needed from shareholders and audit committees

India Inc's family feuds serve as both cautionary tale and policy cue

India Inc needs a new social compact that balances family control and public interest to ensure market resilience and its own

BluSmart files for insolvency amid corporate governance crisis, debt woes

BluSmart enters insolvency after a regulatory probe accused a co-founder of misappropriating funds intended for vehicle purchases

Baseless, legally untenable: Sona hits back at Rani Kapur's claims

Sona Comstar refutes allegations by Rani Kapur as baseless and misleading, citing her lack of role in the company and defending its independent governance and shareholder interests

Startup founders can't be Batman, Superman, Mandrake combined: Shivakumar

What's changed in the past five to 10 years is the advent of consumer technology (tech), and today, consumers are using more digital services than physical ones, says Shivakumar

FinMin directs public sector banks to evaluate board performance

"Independent third-party board evaluations are a widely accepted global practice, and India has only recently begun adopting them," remarked S. Krishnan

Closer scrutiny of independent directors likely amid IndusInd Bank row

RBI's vetting process may become more intense as banking industry looks for people skilled to be 'effective board members'

Sebi proposes new disclosure norms for governance by HVDLEs in India

Markets regulator Sebi on Friday proposed tweaking its format for disclosure of corporate governance framework by High Value Debt Listed Entities (HVDLE). An entity having outstanding value of listed non-convertible debt securities of Rs 1,000 crore are referred to as 'High Value Debt Listed Entities'. Under the proposal, an HVDLE should submit a secretarial compliance report in such form as specified by Sebi, to stock exchanges, within 60 days from end of each financial year, the regulator said in its consultation paper. Further, the HVDLE should submit a periodic compliance report on corporate governance to the recognized stock exchanges within 21 days from the end of the period along with details of all material transactions with related details of all material transactions with related parties. With regard to the disclosure and obligations of HVDLEs in relation to Related Party Transaction (RPT) , it has been suggested to specify the information should be placed before the audi

Vi amends shareholders' pact to ease governance for promoter groups

Vodafone Idea lowers qualifying threshold for promoters in shareholders' pact to retain governance rights after government stake rises to 48.9 per cent

How tech can help improve corporate governance, strengthen leadership

Companies and boards face a complex regulatory environment. AI can assist them by monitoring regulations and ensuring accurate financial reporting

Gensol-Blusmart saga: Cautious investors call for better startup governance

Investors feel that the Gensol-Blusmart saga could potentially slow down funding momentum in the short term