Fortis Healthcare sets up expert committee to evaluate all bids

Fortis Healthcare sets up expert committee to evaluate all bids

2018-04-19T17:14:55+00:00 On

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…

SC orders examination of auditing practices in India

SC orders examination of auditing practices in India

2018-02-23T11:53:08+00:00 On

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…

Nilekani says ‘I’m happy, let’s move on, Murthy!’

Nilekani says ‘I’m happy, let’s move on, Murthy!’

2017-10-24T16:36:17+00:00 On

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 CEOs find themselves under promoter’s shadow – survey

Indian CEOs find themselves under promoter’s shadow – survey

2017-09-09T12:22:57+00:00 On

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…

Narayana Murthy to clarify his stand on Infosys allegations, Vishal Sikka today

Narayana Murthy to clarify his stand on Infosys allegations, Vishal Sikka today

2017-08-23T12:01:00+00:00 On

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…

Raymond shareholders reject sale of JK House flats to promoters

Raymond shareholders reject sale of JK House flats to promoters

2017-06-06T14:40:24+00:00 On

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…

FTIL responds to BSE notice on “undervaluing” MCX shares in KOTAK deal

2014-08-05T16:57:45+00:00 On

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…