Page 2 - Shareholder

'It's a good thing': Why BAT sees value in holding on to ITC stake

Working with Indian cigarette maker for new nicotine product would be 'massive opportunity', says BAT CEO

Jack Ma-backed Ant to buy back shares at 70% lower valuation than at IPO

The limited partners also committed to retaining the two dividends in 2022 with Hangzhou Junhan and Hangzhou Junao to enhance the operation's capital strength

NDTV's shareholders approve appointments of new directors on board

Shareholders of the Adani-group-controlled NDTV have approved the proposals to appoint new directors to the board after Adani Group acquired the media firm. All special resolutions regarding the appointment of - Sanjay Pugalia and Senthil Sinniah Chengalvarayan - as directors, and U K Sinha and Dipali B Goenka as independent directors have got shareholders' nod through the e-voting process. Besides, another special resolution for approval of remuneration payable to Non-Executive Directors, including Independent Directors of the Company, was also approved, said the details of the voting results and scrutiniser's report on the postal ballot shared by NDTV to bourses. The e-voting period commenced on May 27, 2023, and ended on June 25, 2023. Meanwhile, NDTV's board has also approved the appointment of former bureaucrat Dinesh Kumar Mittal as an Additional Director in the capacity of Non-Executive Independent Director of the Company, subject to the approval of the Ministry of Informat

GE T&D India gets shareholders' nod to appoint Sandeep Zandaria as MD, CEO

GE T&D India has got shareholders' approval through a postal ballot notice to appoint Sandeep Zanzaria as Managing Director and Chief Executive Officer of the company. "All the resolutions as set out in the Notice of the Postal Ballot dated April 17, 2023, have been passed by the shareholders with the requisite majority," a BSE filing stated. The shareholders have passed two resolutions, firstly they approved the appointment of Zanzaria as Managing Director and Chief Executive Officer of the company. The second resolution for the appointment of Zanzaria as a Director not liable to retire by rotation was also approved by the shareholders through the postal ballot.

ONGC to maintain financial flexibility as earnings steady, says S&P

This should help the company maintain its good credit quality, despite its investment plans and healthy shareholder distributions, the rating agency said in a statement

IT major Infosys rewards employees with equity shares under 2 schemes

Under the 2015 Stock Incentive Compensation Plan, 104,335 equity shares were allotted and 407,527 shares were allotted under the Infosys Expanded Stock Ownership Program 2019

Volkswagen's annual meeting hit by protests over climate strategy, China

While weathering criticism over its China presence, VW is dealing with the pressing task of stemming a slide in market share in its biggest market

HSBC Holdings' shareholders dismiss call for strategy, dividend switch

About a fifth of voting investors backed the call for HSBC to report regularly on the possibility of carving out its Asian unit, while 19.2% supported lifting its dividend to its pre-pandemic level

Share market reverse intraday losses on Wed, shrug off US recession fears

Analysts also anticipated caution from investors ahead of the U.S. Federal Reserve rate decision on May 3. The odds of a 25-basis point rate hike stand at 80.7%

Sebi clarifies on shareholders' approval for directors appointment on board

Listed public sector companies, including banks, will be required to take shareholders' approval for any appointment or reappointment to the board of directors in the immediate next general meeting, capital markets regulator Sebi has clarified. In case shareholders do not clear resolution for the appointment, such a person would cease to be a director, it added. Providing informal guidance to state-owned Bank of Baroda, the Securities and Exchange Board of India (Sebi) indicated that its views might differ on a case-to-case basis. The clarification came after Bank of Baroda sought informal guidance in relation to amendments made in LODR (Listing Obligations and Disclosure Requirements) rules pertaining to shareholders' requirement for appointment on the board. The bank has sought clarification on the status of government-appointed directors in a scenario where resolutions put for appointment are rejected by shareholders and whether the government can participate in such a ...

What are AT1 bonds, and why are Credit Suisse's worth $17 bn now wiped out?

The wipeout of $17 billion worth of AT1 bonds in the UBS-Credit Suisse deal has spooked investors as they now assess if this can happen to their AT1 holdings in other banks as well

From board permanency to audits, India Inc lags in corp governance: IiAS

Under proposed Sebi norms, firms must get shareholder nod at least once in 5 yrs for each board seat so that promoters aren't able to retain control after losing dominant shareholding

Delayed decision

Govt should have moved fast in Vodafone Idea matter

HDFC twins may merge by April next year, says Chairman Deepak Parekh

Parekh said the voting process of shareholders on the proposed merger has received "fair amount of votes" from shareholders already

Credit Suisse hires 20 banks for $4 bn capital increase to restructure

Credit Suisse Group AG hired about 20 banks to help with a $4 billion capital increase that will help fund the extensive restructuring unveiled last week

Vodafone Idea gets board of directors' nod to raise Rs 1,600 cr from ATC

Board approves issue of debentures

Anil Agarwal-led Vedanta group gets shareholder nod to rejig capital

The development acquires significance since Vedanta's holding company, Vedanta Resources, will receive nearly 70 per cent of the dividend to be distributed

No more interested in plain vanilla solar or wind: Hero Future Energies CEO

In a Q&A, Srivatsan Iyer talks about his firm's expansion plans in new segments and what the equity investment by KKR means for the company

Dish TV shareholders reject 4 resolutions at AGM, board strength down to 2

Adoption of FY21 and FY22 financial statements and new statutory auditors not accepted at AGM

Dreamfolks Services' shares jump nearly 42% in stock market debut

The successful listing follows a strong response to the company's maiden share sale, which had garnered nearly 57 times subscription last month