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CORPORATE MISMANAGEMENT
Jindal Poly Films row reaches SC again as minority investors seek revival of class action suitMinority shareholders of Jindal Poly Films have approached the Supreme Court, seeking to revive India's first corporate class action suit. ...- Delhi Gymkhana Club has MF investments worth Rs 200 crore, earned more from food and parties than sports: Financial reportDelhi Gymkhana Club saw its surplus surge nearly ten times to Rs 9.5 crore in 2023-24. Restaurants, bars, and banquets drove this revenue g...
- Congress calls fuel hikes "silent tax on households", accuses govt of "corporate protection racket"Fuel prices have risen for the fourth time in ten days. Congress leaders condemn these increases as a silent tax on Indian households. They...
- Venugopal Garre flags structural weakness in capital flows, urges long-term reform pushExternal geopolitical factors are pressuring the rupee, not domestic economic mismanagement. This requires careful policy handling to avoid...
- Congress says India needs ‘radical reset’ in economic policy, targets Narendra Modi govtIndian National Congress has criticized the handling of India’s economy, accusing Prime Minister Narendra Modi of prioritizing elections ov...
- SFIO widens probe into IndusInd Bank; summons audit firms over ₹2,000 crore derivatives irregularitiesThe Serious Fraud Investigation Office is investigating IndusInd Bank's derivatives portfolio. Major audit firms associated with the bank o...
- Veteran Lawyer Poornima Hatti leaves Samvad Partners to launch independent practicePoornima Hatti, a dispute resolution partner at Samvad Partners, has retired from the firm. She is now setting up her own counsel practice....
- IBBI panel suggests project-wise insolvency resolution for real estate sectorA panel suggested restricting real estate insolvency proceedings to stressed projects, not entire companies, to protect homebuyers in solve...
- Corporate governance crucial for curbing fraud, says MCA reportThe corporate affairs ministry has emphasized the importance of corporate governance to prevent fraud, protect investors, and maintain mark...
- Biden calls for tougher penalties for failed bank executivesBiden wants the Federal Deposit Insurance Corporation to be able to force the return of compensation paid to executives at a broader range ...
- Tata: Couldn't have hit $100bn being unethicalTata Group chairman emeritus Ratan Tata said that the conglomerate would not have been a $100-billion-plus house through "mismanagement" an...
- Cyrus Mistry to appeal against NCLT orderIn a ruling today, the tribunal said it was not accepting Mistry's contentions that his removal was due to the result of mismanagement by t...
- Cyrus Mistry himself sought guidance from Ratan Tata: Tata Sons' counsel"Issues which were proper and normal in the business course before October 2016 suddenly became weapons of interference and oppression," Si...
- Continuance of loss-making Nano example of mismanagement: Mistry's lawyerTwo firms controlled by Cyrus Mistry's family have moved the National Company Law Tribunal against the Tata group, alleging oppression of m...
- 2 CM-appointed Chairmen of state-run bodies quitTwo chairmen of state-run corporations, appointed by Arunachal Chief Minister Nabam Tuki, have resigned from their posts citing financial m...
- Government can take charge of Financial Technologies on proof of scam: Ministry of Corporate AffairsThe Rs 5,600-cr NSEL payment crisis erupted last July when the exchange was unable to settle contracts, MCA ordered an inspection in Septem...
- Reebok India case: Corporate mismanagement led to scamProbe agencies have also found that some of the officials of the company could have been involved in the inflation of bills and over-valuat...
- SFIO may seek second extension for Sesa Goa probeCorporate fraud probe agency SFIO is likely to seek a second extension to complete its investigation into the alleged mismanagement and fin...
- Vikram Akula's ex-wife Malini Byanna accuses SKS Microfinance of mismanagementIn an exclusive interview to ET Now, Malini Byanna ex-wife of Vikram Akula has accused SKS of mismanagement. Akula has denied the allegatio...
- House panel favours monthly review of buffer normsA parliamentary panel has rapped the Food Corporation of India (FCI) for its “mismanagement of food stocks” and recommended that both FCI a...
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