Page 3 - Corporate Leadership

A valuable legacy: Ratan Tata built a cohesive, forward-looking group

Ratan Tata's transformative leadership steered the Tata Group through challenges and globalization, reshaping it into a cohesive powerhouse

Company to double business every 3 years, says Compass Group's Chawla

Compass Group India, part of British multinational contract food service and facility management services provider Compass Group PLC, is looking to double its business every three years in the country -- a key growth market. Besides, the company which has recently acquired ICS Foods is "very open to look" for more such opportunities to broaden its play here, said Compass Group India Managing Director Vikas Chawla. The company, which is expanding its play into food catering opportunities, is focusing on clients from manufacturing, education and healthcare sectors, and aims to corner "above the double-digit mark" in market share in the next five years. In the next three years, Compass Group India aims to serve over two million meals per day and increase its footprint across 600 client locations, reinforcing its leadership in the food and support services sector, he added. "If we expand at the rate of 20-plus per cent, which we want to do, I sense that we would double our business eve

Corporate leaders' new-found love, business interest: Padel and pickleball

This rising sporting interest is translating into business interest as well. For instance, the pickleball championship was sponsored by Vedanta Foundation

BS@50: Top 50 Indians who have excelled globally in business and arts

From business leaders like Parag Agrawal and Indra Nooyi to the artists like AR Rahman and Tanvi Shah, here's a list of 50 Indian personalities who shook the world

Sebi bans Rana Sugars' promoters from mkt for 2 yrs; imposes Rs 63 cr fine

Markets regulator Sebi has debarred 14 entities including, Rana Sugars promoters' and other related entities from the securities markets for two years and slapped a Rs 63-crore fine on them on charges of diversion of funds. The regulator also prohibited Inder Pratap Singh Rana (promoter), Ranjit Singh Rana (Chairman), Veer Pratap Singh Rana (MD), Gurjeet Singh Rana, Karan Pratap Singh Rana, Rajbans Kaur, Preet Inder Singh Rana and Sukhjinder Kaur (promoter) from holding any position as director or key managerial person of any other listed company for two years. Ranjit Singh, Veer Pratap and Sukhjinder Kaur were also the promoters of Rana Sugars Ltd, as per the exchange data. Individually, Sebi imposed penalties in the range of Rs 3 crore to 7 crore on Rana Sugars, its promoters, and other related entities. "I find that noticee No 1 to 9, who are promoters of RSL and beneficiaries of such diversion of funds from RSL, have violated PFUTP (Prohibition of Fraudulent and Unfair Trade ..

A key lesson from Jamsetji to the leader of the future: Develop four Qs

To achieve all that he did in his lifetime, besides IQ and EQ, the Tata group founder must have been rich in adaptability and spirituality quotients too

Internship scheme for youth: Govt starts discussions with industry

Officials said that the nitty gritty of the scheme will be prepared by the Ministry after the consultation process is over

Govt must ensure corp takeovers are fair, monopolies not created: Cong

The Congress on Saturday said it is the government's responsibility to ensure that competition among corporates is not stifled, oligopolies or monopolies do not emerge and corporate takeovers are free and fair. It is also the government's responsibility to ensure that undue advantage arising out of access to political power is not exercised, party general secretary Jairam Ramesh said. His comments came after the Adani Group acquired Penna Cements while strengthening its share in the cement sector in southern India. "Aap chronology samajhiye (understand the chronology): September 2022: Adani acquires Ambuja Cements and ACC, to become country's second largest cement player. August 2023: Adani acquires Sanghi Industries, India's largest single-location cement unit. June 2024: Adani acquires Penna Cements, giving it substantial market share even in the last remaining region of South India." he said. "Upcoming: Adani is exploring the acquisition of Saurashtra Cement, Vadraj Cement, and

IBBI proposes reducing compliance burden, simplifying forms for RPs

Looks to simplify forms submitted for corporate insolvency resolution process

Wipro COO Amit Choudhary steps down, Sanjeev Jain to take charge

Jain will report to chief executive officer Srinivas Pallia and will continue to be a member of Wipro's Executive Committee

Behind Crotonville's demise

Are corporate universities really a relic of a bygone era?

New rules for aggregation of domestic CA firms in three months: ICAI

"The overall aim is to provide ease of growing practice and facilitate the Indian CA firms grow bigger," he said

How CXO coaches have become vital in navigating modern corporate complexity

The coveted corner room comes with intense loneliness. A leadership coach helps CXOs grasp the enormity of the role and cope with the challenges

Change and future-readiness

Profits and growth are the oxygen of business. It is possible to get 'too much' and damage the enterprise irreparably

Goenka among 4 Indians from corporate in WEF's Young Global Leaders list

Shashwat Goenka, Vice Chairman of Kolkata-based RP Sanjiv Goenka group, was among the four Indians selected from the corporate sector in the World Economic Forum's latest list of 'Young Global Leaders'. The other three Indians included in WEF 2024's list of Young Global Leaders are FSN E-Commerce Ventures CEO and owner of the Nykaa brand Adwaita Nayar; Jubilant Group Director Arjun Bhartia; and Vedanta Ltd Non-Executive Director Priya Agarwal Hebbar. The WEF on Thursday announced the addition of 90 change-makers to its Young Global Leaders Community, all under 40 years old and representing diverse sectors of society. "I am deeply honoured to have been recognised by the WEF Forum as a Young Global Leader for 2024. I look forward to collaborating with some of the most forward-thinking individuals and exceptional minds worldwide to build a brighter and more sustainable future for generations to come," Goenka said. For two decades, the Forum of Young Global Leaders has been at the ...

Demystifying significant beneficial ownership of a company

The present corporate structure requires a company to be well-founded if it wishes to play long innings. By well-founded, I mean transparent, ethically managed, and profitable

Updating India's rituals

Particularly economic ones

Global corporate landscape 2023: Mergers, closures, and leadership shifts

From acquisitions & mergers to resignations 2023 has been a year of significant milestones in the global corporate world. Here is a recap on all the major event that unfolded in 2023

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

HUL appoints former revenue secy Tarun Bajaj as independent director

Bajaj belongs to the Indian Administrative Service, 1988 batch, Haryana Cadre, and was the Revenue Secretary of the Government of India before superannuating in November 2022