CMD

The Hindustan Aeronautics Limited has an order book position of Rs 84,000 crore and another Rs 50,000 crore worth of orders are in the pipeline, its Chairman and Managing Director C B Ananthakrishnan said on Tuesday. He also said Argentina and Egypt have evinced interest in buying the HAL-built Light Combat Aircraft 'Tejas'. While Argentina's requirement is 15 aircraft, Egypt wanted a fleet of 20 LCAs, Ananthakrishnan told a press conference on the sidelines of Aero India 2023, Asia's largest air show underway at Air Force Station, Yelahanka here. "We are in a comfortable position today with an order of Rs 84,000 crore we are sitting on and orders in the pipeline are about Rs 50,000 crore," he said. Ananthakrishnan said indigenisation has been given thrust in line with Prime Minister Narendra Modi's emphasis on 'Atma Nirbhar Bharat'.

In a Q&A, Satyanarayan Goel, CMD of the exchange, dwells on the current and future power distribution scenario in India and his plans to set up an International Carbon Exchange

Kamdhenu Ventures, the paints business of Kamdhenu Group, will be listed on the stock exchanges BSE and NSE later this month. The paints division was separated from the steel business of the group last year for better management focus and operational flexibility, its CMD Satish Agarwal said, citing reasons for the demerger. There are plans to raise Rs 200 crore through multiple routes and expand the paints business post listing, the CMD said. The group also aims to garner a revenue of Rs 1,000 crore from the paints segment over the next five years, he said. "Kamdhenu Ventures has also issued 2,69,35,500 shares of Rs 5 each in the ratio of 1:1 towards the consideration for demerger to the shareholders of Kamdhenu Ltd having shares on 7th September 2022 being the record date," Group CFO Harish Agarwal said. The new venture had received the in-principle approval for listing from the BSE and NSE in November 2022, the CFO said. Kamdhenu has its paint manufacturing plant at Chopanki in

He is credited with diversifying the Peerless group into hospitality, healthcare and real estate. The group's turnover is about Rs 2,500 crore. In 2009, Roy received the Padma Shri

Despite four years effort, Sebi's attempt to introduce global practice of keeping the offices of chairmen and MDs at companies separate in India didn't yield results. What does this about turn mean?

'There has been barely a 4% incremental improvement in compliance by the top 500 companies over the last two years,' says Sebi

Rising share of listed public sector companies don't have a single woman director

With a regulatory requirement for top-500 listed firms to split the position of chairperson and managing director being less than four months away, pressure is mounting on several PSUs

Earlier in FY19, Mehta's gross salary was reduced to Rs 18.88 crore.

Tune in to the podcast, to know on the subject of separation of the CMD post at listed companies

State-run hydro power giant NHPC on Monday announced appointment of Abhay Kumar Singh as the company's Chairman & Managing Director from February 24, 2020. It is to inform that pursuance to Ministry of Power on February24, 2020, S Abhay Kumar Singhhas assumed the charge of Chairman and Managing Director of the company on February 24, 2020 till the date of his superannuation i.e. August 31, 2022, or until further orders, whichever is earlier in place of Ratish Kumar who was holding additional charge of the post of Chairman & Managing Director in addition to his duties as Director (Projects), NHPC said in a statement.

Appointment of a lead independent director might be a better option than mandating separation of the positions of chairperson and MD/CEO

Deadline extension for splitting CMD post is unfortunate

Move follows hectic lobbying by industry groups

Now, the date of implementation of the regulatory provision has been deferred to April 1, 2022, the regulator said in a notification without giving any reason for the move

The development has come following hectic lobbying by corporate groups and industry bodies in the past two months

Sebi, in its October 2017 report on corporate governance, said listed firms should have a different person heading the management and another in place as chairman of the board

Several smaller companies are still giving their CMDs tenures beyond the deadline