“These are not acts of corporate benevolence, but they recognise the symbiotic nature of the various components of a functioning economy,” he said. “A corporation is, after all, not merely an inanimate thing. It is expected to be humane, ethical, have empathy, and be a caring friend of society.”
According to the Trends Report quantifying the hiring trends and qualifying the nature of discrepancy patterns in India, curated by US-headquartered background screening firm First Advantage India, the increase in discrepancy percentages were higher in Q3 as compared to Q2.
Alagappan has tendered his resignation as MD and as a director of the company as he wishes to move ahead to assume larger responsibilities within the group and the board has accordingly considered and accepted the same, Cholamandalam Investment and Finance Company said in a regulatory filing.
The committee also suggested the introduction of the concept of a small LLP in line with small companies under the Companies Act, and provision for issuance of non-convertible debentures (NCDs) by LLPs to raise funds.
The Ministry of Corporate Affairs has cited a rule in the Companies Act, 1956 that allows a petitioner to file for the winding up of a company if it has, in the petitioner’s opinion, been formed for “fraudulent and unlawful purposes”.
As governments rush to inoculate the most vulnerable, however, most corporations globally have so far been quiet on whether they would seek to secure early supplies for employees.
A study by global index provider MSCI showed that women constituted 17% of Indian boards against 13% in China, 10% in Russia, 9% in Mexico and 14% in Brazil. But India trails South Africa (29%), Thailand (19%), the US (28%) and the UK (34%) in ensuring diversity at the highest decision-making body of a company.
The foundation stone-laying ceremony of this facility took place on Monday, in the virtual presence of Sudha Murty, Chairperson, Infosys Foundation, and Prof N S V N Sarma, Director of IIIT - Tiruchirapalli, an Infosys Foundation release said.
The TVS rejig suggests an attempt to simplify the ownership structure at the group level and doing away with crossholdings. It also points towards a greater alignment of interests between the owners and managers. Over time, the influence of a unit of the family over the companies managed by other units of the family may come down.
“In March 2020, most of our loans were at 9% interest rate, by December, we had reduced it to 7.5%,” Ashok Kumar Tyagi, whole-time director at DLF Ltd, told ET. “Our existing lenders are offering aggressive rates. We believe the average interest rate should be around 7.5%.”
“The Adani Group strongly objects to a factually incorrect tweet posted by Mr Subramanian Swamy...” said the group with interests in coal, infrastructure, electrical supply and airports in a tweet from its official Twitter handle.
The Confederation of Indian Industry (CII) Taskforce has made several important submissions to V K Paul, Member, Niti Aayog and Rajesh Bhushan, Health Secretary and the National Expert Group on Vaccine Administration for COVID-19 (NEGVAC), sources said.