Business  /  Published 22.08.21

Funds for Arvind

Arvind Fashions a leading casual wear and denim manufacturer, on Saturday said it has raised Rs 439 crore by issuing equity shares of the company. This will allow the business to pursue its growth st...
By PTI in New Delhi

Business  /  Published 29.07.21

Sebi looking to redefine control

The securities market regulator is toying with the idea of scrapping the concept of promoter in favour of a new classification defining ownership of companies: the controlling shareholder. “The...
By Our Special Correspondent in Mumbai

Business  /  Published 12.05.21

Bid to redefine promoters

Market regulator Sebi on Tuesday proposed to rationalise the definition of ‘promoter group’ and move to the concept of ‘person in control’ as well as reduce the minimum lock-in...
By PTI in New Delhi

Business  /  Published 13.11.18

Apollo Tyres promoters to take a pay cut

Onkar Singh Kanwar and Neeraj Kanwar — the promoters of Apollo Tyres — will take a pay cut of 30 per cent during the current financial year following a proposal from its nominations & remunera...
By Our Special Correspondent in Mumbai

Business  /  Published 09.05.20

Rs 411 crore loan defaulters flee country

Three promoters of Ram Dev International, recently booked by the CBI for allegedly cheating a consortium of six banks to the tune of Rs 411 crore, have already fled the country before the State Bank o...


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