Hospital chain Fortis Healthcare said it has set up a special committee to evaluate the bids submitted by various parties to invest money into the company. It said the company has received binding offers from the Manipal – TPG consortium and the…
The Supreme Court has directed the government of India to set up a committee to suggest reforms in rules and regulations governing accounting and auditing services companies in India. The three-member committee has been asked to suggest a revamped regulatory mechanism for…
Nandan Nilekani, the stand-in chairman of Infosys Ltd today gave his stamp of approval to the investigations conducted in the context of corruption allegations around the IT company, and suggested that the company and its founder Narayana Murthy will be able to…
Indian promoters are unwilling to give total management control to professional boards and managers, a survey by Assocham has revealed. A majority of the corporate firms have promoters’ holding well over 50 per cent and even those with much lower stake are…
Infosys founder and former chairman N R Narayana Murthy is all set to lay his cards on the table on his recent allegations about possible corruption at Infosys at a conference call with investors today at 6:30 PM. UPDATE: Murthy’s call has…
Infosys Ltd director board today came out strongly in support of ex-CEO Vishal Sikka and issued a strong rebuttal to a letter released by Infosys founder Narayana Murthy. Earlier in the day, Murthy was scathing in his review of the actions taken…
Shareholders of Raymond Ltd rejected the sale of apartments in the company’s headquarters JK House to certain promoters. Chairman of the company Gautam Singhania had urged shareholders to vote against the resolution as the sale of the apartments would cause losses to…
Industry association ASSOCHAM, which has members from most of the big industrial groups in India, today said the opaque nature of decision making in India should be done away with to prevent incidents like the latest ‘corporate espionage’ involving top industrial houses…
Jignesh Shah’s Financial Technologies India Ltd asked Bombay Stock Exchange to specify the exact basis on which the exchange, which held unsuccessful negotiations to buy a stake in MCX, was questioning the company’s decision to sell most of its stake in MCX…
