Gautam Adani to Revamp Family Offices with New Leadership and Global Auditors
Billionaire Gautam Adani is set to implement significant changes to his family offices, including the appointment of auditors from a top global accounting firm and the hiring of a chief executive officer. This strategic overhaul is aimed at enhancing transparency and financial disclosure, aligning his family offices with…
Baldev Prakash, the Managing Director and CEO of Jammu & Kashmir Bank, has been instrumental in driving significant changes within the institution since assuming his role on December 30, 2021. In an exclusive interview with Manojit Saha in Mumbai, Prakash shared insights into the steps taken to address governance issues and enhance compliance at the bank.
Governance and Compliance…
The Adani Group’s stock prices have taken a significant hit this Monday, with all major stocks in the conglomerate opening in the red. Adani Enterprises saw a sharp decline of 3.5%, while Adani Power plummeted nearly 5%. This downturn comes in the wake of an escalating controversy involving the Hindenburg Research report and a contentious response from the Securities and Exchange Board of India…
Samir Modi has been removed from the board of Godfrey Phillips India, according to a report by the Economic Times. The decision came after Modi failed to secure sufficient support for his reappointment bid during a board meeting on August 7.
Background of the Dispute
The controversy surrounding Modi’s directorial role escalated earlier this year when a Delhi court ruled in July that Modi could…
Adani Enterprises has issued a formal clarification in response to media reports suggesting that Group Chairman Gautam Adani plans to step down at age 70 and transfer control of the conglomerate to his sons and cousins in the early 2030s. The company addressed these claims following confusion and misinterpretation of Adani’s comments regarding succession planning.
Clarification from Adani…
Byju’s, India’s leading tech giant once valued at $22 billion, is navigating turbulent waters as it appeals against insolvency proceedings initiated by the Board of Control for Cricket in India (BCCI). The National Company Law Appellate Tribunal (NCLAT) in Chennai is scheduled to hear Byju’s appeal on July 29, marking a critical juncture in the company’s ongoing struggle to address…
