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Business  /  Published 14.12.20

KRBL weighs payout to appease shareholders

Shareholders pressed the management to liquidate inventory partly and reward shareholders by way of special dividend or buyback to prop up the stock price. However, the company defended its strategy ...
By Our Special Correspondent in Calcutta

Business  /  Published 24.11.20

Sebi relaxes rules for promoters

The market regulator proposes to change the minimum threshold for voting rights for the re-classification of a promoter as a public shareholder and suggested that all promoter entities disclose their ...
By PTI in New Delhi

Business  /  Published 01.10.20

Dhanlaxmi chief now gets the boot

Less than a week after shareholders of Lakshmi Vilas Bank (LVB) voted out seven directors, another top honcho of a private sector bank faced a similar fate. On Wednesday, shareholders of Thrissur-bas...
By Our Special Correspondent in Mumbai

Business  /  Published 28.09.20

Shareholders vote out LVB chief

In a rare instance of corporate activism, the shareholders of Lakshmi Vilas Bank (LVB) have voted seven directors out from the bank’s board, including MD-cum-CEO S. Sundar and two others who bel...
By Our Special Correspondent in Mumbai

Business  /  Published 27.09.20

Mindtree founder pares stake

Mindtree co-founder Krishnakumar Natarajan and his family have sold over 4.66 lakh shares of the company, reducing their combined shareholding to 2.01 per cent from 2.29 per cent. The transactions we...
By PTI in New Delhi

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Business  /  Published 29.07.20

Mindtree promoters seek exit

The founders of Mindtree — Subroto Bagchi, K. Natarajan, Rostow Ravanan and N.S. Parthasarathy — have sought reclassification of their status as promoters to public category. In a regulat...
By Our Special Correspondent in Mumbai

Business  /  Published 15.07.20

Flipkart: in for more funds

Walmart, the Bentonville, Arkansas-based retail giant, is investing $1.2 billion along with other existing shareholders in Flipkart. The investment in Flipkart by its parent comes at a time India&rsq...
By Our Special Correspondent in Mumbai

Business  /  Published 03.07.20

Tata Power board approves proposal to raise Rs 2,600 crore

Tata Power on Thursday said its board has approved a proposal to raise Rs 2,600 crore through the issuance of preference shares to promoter Tata Sons. Tata Sons’ shareholding will increase from ...
By Our Special Correspondent in Mumbai

Opinion  /  Published 20.08.19

Compulsory CSR makes no sense

Corporate social responsibility is a contentious concept. Does a company have any responsibility beyond its fiduciary duty of maximizing shareholders’ wealth without violating the laws of the land? ...
By The Editorial Board

Business  /  Published 07.03.19

Singapore duo to invest in Bharti rights offer

Bharti Airtel has received commitment from Singtel and GIC of Singapore to subscribe to its Rs 25,000- crore rights issue, which is part of its Rs 32,000-crore capital raising programme to curtail deb...
By Our Special Correspondent in Mumbai


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