People familiar with the matter said the legal opinion, taken from senior advocate Percy Pardiwala, cleared the commissions and remuneration earned by Vijay Singh as legal, compliant with applicable laws and governance norms, and not in violation of trust rules or nominee-director obligations.
Srinivasan’s reappointment, proposed by Mistry on October 19, is the first implementation of the 2024 framework that institutionalised lifetime terms and endorsed Noel Tata’s leadership structure.
The Chennai-based company is eyeing a double-digit growth in volumes during this fiscal, on the back of a revival in the rural markets.
The company, which posted its highest ever vehicle sales, revenue and net profit in FY24, has earmarked capex of about Rs 1,000 crore in FY25
Sudarshan's passion for real estate has also become a part of the TVS Group in the form of Emerald Haven Realty Ltd (TVS Emerald).
Pankaj Patel, chairman, Zydus Lifesciences, and Ravindra Dholakia, a retired professor of IIM-Ahmedabad, are the other 2 directors
His elevation coincides with the appointment of Prof Sir Ralf Dieter Speth as the Chairman of the company.
Known for his integrity and business ethics, Bajaj never compromised on quality. This integrity in public life had set him apart from the rest, along his boldness and speaking his mind unhesitatingly, according to Srinivasan.
The auto major on February 7 reported that its consolidated net profit declined 18.34 percent to Rs 236.56 crore for Q3FY22
SEMG, one of the leading providers of e-mobility solutions within the DACH region, operates the largest pure-play e-bike retail chain M-way in Switzerland with close to $100 million in revenue.
While there are policies that provide financial support, they need to be implemented more efficiently
We profile the TVS Motor Chairman, who announced last week that he would step down in 2023 and hand the reins over to former Jaguar Land Rover CEO Ralf Speth. Accolades have poured in for Srinivasan, who transformed the company that was once known only for making the simple 50-cc moped.
Beginning with an economic slowdown, which was exacerbated by the Covid pandemic at the end, FY20 was a tough year for India’s auto sector. But that didn’t stop top executives at some 2-wheeler makers from riding away with pay hikes
The approval of the shareholders was sought by way of special resolution through a postal ballot.
In an amendment to the 'Listing and Disclosure Requirement' in May last year, the regulator called for separation of the posts of Chairman and Managing Director (MD)/CEO of listed companies
Decision expected much before February 24 deadline; Tata Group's alleged breach of governance norms a likely talking point at Sebi meeting
The cracks in the Tata Sons management has begun in August itself during its annual general meeting when Rata Tata had advised the then chairman Cyrus Mistry to appoint three new independent directors to the group‘s board, a report in the Business Standard says.
"In the past we used to have better incentive of duty drawbacks which have been substantially reduced when all the schemes were homologated into one scheme. The automotive industry is really suffered from this," Srinivasan said at the Board of Trade meeting here.
On the sidelines of the Invest Karnataka 2016 event, Venu Srinivasan, Chairman of TVS Motor told CNBC-TV18 that the company is planning to double production capacity over the next three years in Karnataka.
At the meet, Vinod Dasari, President of SIAM, also relayed his thoughts on the recent ban on registration of 2000cc+ cars in New Delhi, pointing out that less than 20 percent of pollution actually comes from auto emission in the city and he wishes the myth that cars are polluting India is dispelled.
The Chief Minister recalled that automobile giants like Hyundai and Ford had set up manufacturing facilities in Tamil Nadu availing of the industry friendly policies of the state. The participants at the meet were treated to a glitzy cultural extravaganza including a programme by eminent dancer Urmila Sathyanarayana and her troupe.
The two and three-wheeler maker had ceased production of its highly popular commuter motorcycle, TVS Victor, few years back.
IBI 2015 is a special initiative by CNBC-TV18 for celebrating 15 years of leadership. The endeavour is to form a distinct league of the most powerful business icons that the people of the country think have had a monumental impact. An eminent jury has shortlisted 30 icons. The icon in focus is TVS Group‘s Venu Srinivasan.
Sudarshan Venu (24) has been a whole time director of the company since February 2013