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Walmart India elevates Sameer Aggarwal as CEO.
Walmart Inc., on Tuesday said it has promoted Sameer Aggarwal as Chief Executive Officer of Best Price in India effective April 1. He will report to Dirk Van den Berghe, Executive Vice President and Regional CEO of Asia and Global Sourcing. Mr. Aggarwal is taking over the CEO position from Krish Iyer, who is retiring from full-time management. Read More
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R Gandhi is rewarded with a second stint on Yes Bank’s Board.
R Gandhi’s reappointment on the board of Yes Bank for the second time has raised a few eyebrows. On March 20, the Reserve Bank of India (RBI) named Gandhi as an additional director on the board of Yes Bank along with Ananth Narayan Gopalakrishnan, for a period of two years. Read More
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Reliance sets up India's first COVID-19 dedicated hospital in Mumbai.
This first of its kind in India centre is fully funded by Reliance Foundation and includes a negative pressure room that helps in preventing cross contamination and helps control infection. All beds are equipped with the required infrastructure, biomedical equipment such as ventilators, pacemakers, dialysis machines and patient monitoring devices. Read More
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Companies' spending to tackle COVID-19 to be considered CSR: Govt.
In view of the spread of novel #CoronaVirus in India, its declaration as pandemic by the WHO, and decision of Government of India to treat this as notified disaster, it is hereby clarified that spending of CSR funds for COVID-19 is eligible CSR activity. Corporate Affairs Minister Nirmala Sitharaman tweeted the circular. Read More
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TCS Ranked Overall Best Managed Technology Company in Asia.
Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, has been voted the Overall Best Managed Company in the technology sector, across the region in FinanceAsia's 2020 Asia's Best Companies survey, for its standout performance. TCS also won five awards in the India rankings. Read More
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TNPL receives Indian Chamber of Commerce’s Water Stewardship Award.
ICC conducted the 10th edition of India Corporate Governance and Sustainability Vision Award, which comprised categories such as Sustainability Performance, Sustainability Reporting, Water Stewardship, and Corporate Governance. TNPL won the Water Stewardship category after several rounds of screening and evaluation conducted by eminent jury members selected by ICC. Read More
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Complaints of alleged corruption against Petronet LNG CEO.
The Petroleum Ministry has received several complaints of alleged corruption and irregularities against the CEO and other officials of Petronet LNG Ltd. The complaints have been forwarded to the Chairperson of Audit Committee of the company for appropriate action, Oil Minister Dharmendra Pradhan said. Read More
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SEBI relaxes compliance norms for listed NCDs, CPs & municipal debt issuers.
The Securities and Exchange Board of India (SEBI) on March 23 has relaxed some compliance provisions with regard to listed entities that have listed their non-convertible debentures (NCDs), non-convertible redeemable preference shares (NCRPS), commercial papers (CPs) and municipal debt securities. Read More
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How board diversity is shifting in the Canadian Corporate Landscape.
According to the ISS QualityScore, a five-board maximum emerged as the new standard in 2019 for non-executive directors and a two-board maximum for the CEO, in addition to sitting on the board of the company where he or she is a CEO, for a total of three boards. Read More
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Timothy P. Murphy Appointed to Western Union Board of Directors.
The Western Union Company, a leader in cross-border, cross-currency money movement and payments, today announced that Timothy P. Murphy has been appointed to the Company’s Board of Directors, effective March 24, 2020. Mr. Murphy will also serve on the Compliance Committee of the Board. Read More
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Having an Employee Representative on the Board of Directors does not reduce CEO Pay.
Having an employee representative on the director’s board has absolutely no impact on reducing the pay level of the company’s CEO, according to research from Vlerick Business School. This research finding comes contrary to the belief that employee representation on the board reduces high profit margins and greater controls the remuneration of CEOs, giving more ownership and finances to a company’s employees Read More
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Coke, Disney Shareholders Anchoring a Renewed Movement Against Excessive CEO Pay.
It's hardly a new complaint. Indeed, the headlines raging against shockingly big paychecks collected by United States CEOs have been regularly recirculated for years. This time, though, against a backdrop of consumers' concern over online privacy and frustration over lingering inequality, efforts from Walt Disney and Coca-Cola shareholders have finally struck a receptive nerve that will incite actual change in how corporate chiefs are compensated. Read More
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SEC completes probe against Infosys on whistleblower allegations.
Infosys said the US Securities & Exchange Commission (US-SEC) concluded its investigation on the whistle blower allegations. The Indian tech services major said in a filing to the exchanges that it does not anticipate any further action by the US-SEC on this matter. Read More
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In Theranos fraud case, Holmes will be tried apart from ex-lover.
Elizabeth Holmes and Sunny Balwani ran Theranos Inc. together as chief executive officer and president, and for a time, as girlfriend and boyfriend. But when they go on trial over criminal charges that the once-promising blood testing startup was a fraud, they will face separate juries. Read More
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