She had a pace that was hard to match and held an ambition that helped the Indian capital markets scale greater heights.
A legal battle may last years. Meanwhile, employees are likely to face a temporary setback and job losses
Corporate governance report by the Securities and Exchange Board of India (SEBI) panel has proposed some material changes, which can change the course of corporate action and disclosure. Nisha Poddar in conversation with panel members on specific changes. The eminent panelists are Cyril Shroff, SEBI Corporate Governance Panel, JN Gupta, Member, SEBI Panel, Amit Tandon, Member, SEBI Panel and Zia Mody, Founder, AZB & Partners.
Corporate governance and proxy advisory firms Stakeholders Empowerment Services (SES) and Institutional Investor Advisory Services (IIAS) do not resonate with Narayana Murthy's views.
Speaking to Moneycontrol, JN Gupta, Co-founder and MD of proxy advisory firm Stakeholders Empowerment Services (SES) said that in real sense, one arm of the government is the seller and other is the buyer, so at best it a resource [mobilisation] exercise by the government."
Proxy governance firm Stakeholder Empowerment Services (SES) is of the opinion that the fall in market cap or investors loss in Tata Group companies is largely due to other factors rather than governance issues, which seem to have marginally impacted selected companies.
Zee Learn Friday informed the exchanges that they have called off their proposed merger with Treehouse Education.
Following Tree House playgroup downing the shutters on 113 branches across India, the company has come under a spotlight. It has claimed that it hasn't been able to pay staff salaries leading to the shutting of branches.
At the first of the many extra-ordinary general meetings lined up to reach a verdict on the Tata Sons – Cyrus Mistry feud, a large number of retail shareholders of Tata Consultancy Services Tuesday expressed allegiance to the Group‘s beacon Ratan Tata.
The regulators must step in to verify the allegations that have been levelled by the ousted chairman of Tata Group on the company, says JN Gupta, Former ED, Sebi. TCS shareholders are voting after the Tata Group called an EGM today seeking the ouster of Cyrus Mistry from the board of directors.
Tatas said that the group is no one‘s ‘personal fiefdom‘ and that Mistry had converted the group into his personal fiefdom after taking the chairmanship. For that, he hired inexperienced individuals in key positions.
Market regulator, Securities and Exchange Board of India (Sebi) has cracked the whip on social media platforms and has proposed that any equity analysis on all modern means of communications should be banned if it comes from sources that have not been authorised by Sebi.
Also, before it was only about Tata Sons which is an unlisted company. But with the letter mentioning Tata Nano, Air Asia and others which are part of listed companies, many other parties - including the market regulator - will also get involved.
In an interview with CNBC-TV18, JN Gupta said, "No money is coming to India because about 90 percent of Essar is owned off shore by Ruia. So, the money will remain out of the company, there will be no money flowing into the country."
Former Executive Director of Securities and Exchange Board of India (SEBI) JN Gupta says that there is something wrong with the company. The period of losses -- when the entire fraud process started -- is not clear. Though, the company says that auditors are looking at accounts, it has not been opening balances prior to April 2015.
JN Gupta, former Executive Director of SEBI points out that this issue is no longer limited to banks but has taken a socio-political angle. Therefore, it is difficult to expect banks to take a purely commercial decision on whether to accept the offer.
Rajesh Bhatia, MD of Tree House Education & Accessories clarifies that of Rs 43 crore receivables, Rs 35 crore of outstanding cash will be paid over next three years.
Stakeholders Empowerment Services Founder and Former ED at Sebi J N Gupta says that even the shareholders were unaware of the attached transactions related to the purchase.
The removal of director is the prerogative of the shareholders, while the board can uninamously remove a chairman, explains Pratibha Jain, Partner at Nishith Desai Associates.
Amit Tandon, Founder, IiAS, says waiting six years for a judgement for a self confessed crime is an incredibly long wait.
JN Gupta, Former Executive Director, Sebi & Managing Director, Stakeholders Empowerment Services and Feroze Azeez, Anand Rathi Private Wealth Management explains the nuances of the rights of small shareholders.
The problem here is these market participants disturbed the integrity of the market, says JN Gupta, former executive director of Sebi.
United Spirits was under pressure after minority shareholders rejected 9 proposals, which are related party transactions resolutions at its Extraordinary General Meeting. However, sources tell CNBC-TV18 that the company is hopeful of re-approaching shareholders on the matter.
JN Gupta, former executive director, Securities and Exchange Board of India (Sebi) says the market regulator drafted the new guidelines in such a manner that will allow the market regulator to access data and information that it couldn‘t get earlier.
DLF & The Housewives!