Shareholder activism is here to stay, as many recent instances of pushback at companies like Zee and JSPL have shown. The writing on the wall is clear: If you want to build a public company, investors need to have an equal footing  BY POOJA SARKAR, Forbes India Staff 12 min read PUBLISHED: Sep...
Swati Bhat, Nupur Anand 4 MIN READ MONEY NEWSJULY 14, 2019 / 7:32 PM / DHFL reported a net loss of 22.23 billion rupees ($324.3 million) for the quarter ended March 31, in a regulatory filing late on Saturday. It also said it had defaulted on the interest payments...
Worried customers have been queuing to withdraw money from India's Yes Bank after the country's central bank seized control of the troubled lender. The Reserve Bank of India (RBI) said it wanted to "quickly restore depositors' confidence" in the bank. Depositors with Yes Bank can now only withdraw the equivalent of...
Independent banking expert Hemindra Hazari, who has studied the governance of banks in India extensively, says that he was “not surprised” that all these events have come to light in recent months, post Puri’s retirement. “Puri was so focussed on achieving targets and getting the ladoo in each business line that compliance took a backseat under his leadership,” Hazari says. Jagdishan is firmly trying to correct this while not compromising on growth. “Jagdishan is doing an honest job.’
Viswanath Pilla@viswanath_pilla Experts who participated in a panel discussion on CNBC-Awaaz on the Kotak Mahindra Bank-Reserve Bank of India (RBI) dispute over promoter stake dilution feel the bank’s promoters need to comply with regulations in spirit and not just in letter. The Bombay High Court on April 22 adjourned hearing in...
Securities lawyer Sandeep Parekh has accused SEBI analyst and The Wire columnist Hemindri Hazari, who also happens to be a columnist at the Wire, of writing a slanted opinion piece on HDFC Bank's process to determine the new MD based on established falsehoods OPINDIA STAFF FEBRUARY 4, 2020 A SEBI Research...
Alexander Sazonov Bloomberg / Updated: Jun 18, 2021, 07:59 IST NEW DELHI: Indian billionaire Gautam Adani’s dream run up the global wealth rankings is faltering after a media report raising questions about some offshore investors triggered a rout in his conglomerate’s six listed stocks. The 58-year-old tycoon has lost more money this week than...
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By Niha Masih January 28, 2023 at 4:57 p.m. EST Article can be read here