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Infosys shareholders continue to question Panaya's future.
Infosys shareholders continue to fret over Panaya's future as many of them sought clarity on the Israeli subsidiary's growth opportunities from the company's management at the 38th annual general meeting. Panaya acquisition was a major bone of contention for the corporate governance battle between Infosys founders and the Vishal Sikka-led management. Later, the software services exporter put them up as assets for sale. Read More
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ED offers to provide air ambulance to bring Mehul Choksi back.
The Enforcement Directorate has told the Bombay High Court that it was ready to provide an air ambulance to bring diamantaire Mehul Choksi, a key accused in the multi-crore Punjab National Bank scam, to India. Choksi, currently based in the Caribbean nation of Antigua, recently told the high court that he left India for medical treatment and not to avoid prosecution in the case. He said he would return to India as soon as he is medically fit to travel. Read More
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CORPORATE GOVERNANCE &SUSTAINABILITY.
Sustainability has been a buzzword in the corporate sector and has found its dominance as an essence of providing direction to an organization’s diverse efforts. It has been answering some serious questions when it comes to analyzing the effects that a firm’s practices will have on its co-existing environment and ultimately on its economies. With corporate sustainability in place, a business can aim for providing long term value to its stakeholders by means of effective implementation of a business strategy that has sound economic, environmental, ethical, social and cultural dimensions. Read More
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Do not have enough money to pay June salaries, says BSNL.
Ailing state-owned telecom firm BSNL has sent an SOS to the government, seeking immediate cash infusion as it is finding it “nearly impossible” to continue operations and even manage Rs 850 crore salary liability for June as outstanding liabilities of nearly Rs 13,000 crore have made its business “unsustainable”. “The gap between monthly revenues and bare expenses to continue operations. Read More
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Scandal-hit Nomura wins shareholder approval for re-appointment of CEO.
Nomura Holdings Inc won shareholder approval on Monday for the re-appointment of its chief executive officer, after an influential proxy advisor had recommended a vote against the move due to an information leakage incident.
Japan's financial watchdog last month ordered the country's largest investment bank and brokerage firm to improve its business practices as it had improperly handled. Read More
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