Divya Patil and Anto AntonyThu, September 22, 2022 at 4:30 AM·4 min read
World’s Second-Biggest Fortune Fails to Halt Rout in Adani Bonds
(Bloomberg) -- Surging share prices of Gautam Adani’s companies have helped make him the world’s second-richest person. The bond market isn’t quite as enthusiastic.
Stocks of firms in his...
“He’s not only on an acquisition spree and banks are willing to fund him,” but he has close ties to the current administration, Hazari said. “As long as this government lasts — and it is expected to last quite a long time — the music will continue.”
Hemindra Hazari, a Mumbai-based independent banking analyst, said the government should improve management of state-owned banks and strengthen their governance norms instead of privatizing them.
"You have to strengthen your governance norms. You should put in structures, change the management to address the problems," Hazari said. "That is where...
The role of independent directors is clearly defined, yet many of them feel they play a cameo role in a company, often failing to red flag fraudulent activity and serious governance lapses that eventually compromise minority shareholders' interests
BY NEHA BOTHRA 11 min readPUBLISHED: May 4, 2022 11:02:32 AM ISTUPDATED: May 4, 2022...
BY SALIL PANCHAL, NEHA BOTHRA, 8 min read PUBLISHED: Mar 24, 2022 11:17:01 AM IST UPDATED: Mar 24, 2022 11:46:09 AM IST
