Clipped from: https://economictimes.indiatimes.com/news/economy/policy/mca-permits-remuneration-to-independent-directors-in-case-of-loss-made-by-companies/articleshow/81588634.cmsSynopsis Amending schedule V of the Act, the MCA also prescribed limits on such remuneration based on the effective capital of the firm, which
Category: Industry
AT-1 bonds: SEBI defends stance; points to safeguards – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/at-1-bonds-sebi-defends-stance-points-to-safeguards/article34093871.ece Market regulator SEBI is unlikely to change its stand on the controversial Additional Tier-1 (AT-1) bonds, despite a ‘request’ to do so from
‘Paper’ing over the cracks – Part 2 | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/paper-ing-over-the-cracks-part-2-121031701431_1.html Shareholders who expect value from IDs should ask Boards and managements whether the compensation presently given to IDs is adequate, having regard to
Shortage of new shipping containers adds to global trade turmoil – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/shortage-of-new-shipping-containers-adds-to-global-trade-turmoil/articleshow/81542991.cmsSynopsis The problem resembles those in the car industry, where auto makers cut computer chip orders early in 2020 expecting a slump in sales,
Automobile: Recall norms tightened for auto cos – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/auto-cos-to-be-fined-up-to-rs-1-cr-on-mandatory-recall-orders-for-defective-vehicles-govt/articleshow/81553927.cmsSynopsis The rules for testing of vehicles and mandatory recall under the Central Motor Vehicles Act provides for penalty in case of manufacturers or
vehicles: Scrapping Policy: Fitness renewal charges for transport vehicles older than 15 years proposed to go up by 62 times – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/scrapping-policy-fitness-renewal-charges-for-transport-vehicles-older-than-15-years-proposed-to-go-up-by-62-times/articleshow/81555868.cms SynopsisET has reviewed a copy of the draft notification, as per which, renewal of registration after 15 years for two wheelers, the cost
Indian TV makers await PLI scheme, say important for global competition–business today
The government of India has already been taking steps to encourage television manufacturing in India. In July last year, the cabinet imposed restrictions by changing
Steelmakers to pare debt worth Rs 35,000 crore by FY22, says CRISIL
A surge in global commodity prices in the last 8 months has seen profitability of domestic steel industry hit record highs leading to reduction in
CEAT Tyres aims to make deeper inroads into smaller towns and cities | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/ceat-tyres-to-make-deeper-inroads-into-smaller-towns-and-cities-121031600779_1.html To double Ceat Shoppes to 600 in 2 years as demand for personal vehicles gains traction CEAT Tyres CEAT Tyres is looking to double
Ola to set up cell manufacturing plant for powering Lithium-ion battery | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/ola-electric-plans-to-set-up-li-ion-battery-plant-invest-rs-2-400-crore-121031700076_1.html Ola will initially source the cells for the Li-ion battery used in its soon-to-be-launched e-scooters from South Korea The batteries are going to
Steel firms may find it tough to export next fiscal as domestic demand increases – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/steel-firms-may-find-it-tough-to-export-next-fiscal-as-domestic-demand-increases/article34081337.ece With the economy returning to normal slowly, steel consumption topped 10 million tonnes in Dec and Jan Indian steel companies will face problems
Shadow over solar power | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/shadow-over-solar-power-121031600056_1.html Punitive tariffs on components will cripple a growing sector The government has decided to implement a basic customs duty of 40 per cent
White goods price to go up next month. Here’s what is causing the pinch – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/electronics/white-goods-price-to-go-up-next-month-heres-what-is-causing-the-pinch/articleshow/81503473.cms Synopsis–FMCG companies, too, are contemplating a price hike or reduction in package sizes next month or so due to increase in prices of
‘For some companies, compliance is an unavoidable nuisance’ – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/specials/corporate-file/for-some-companies-compliance-is-an-unavoidable-nuisance/article34066435.ece Former SEBI chief M Damodaran on how only a few companies view compliance as an investment Be it the unearthing of the NSDL
Govt should earmark 10% of CSR for skill development: L&T’s A M Naik | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/govt-should-earmark-10-of-csr-for-skill-development-l-t-s-a-m-naik-121031500016_1.html Large industries do not have to collaborate with NSDC or government organisations because they have created training centres, says Naik A M Naik,
Exempt independent directors from vicarious criminal liability: CII – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/exempt-independent-directorsfrom-vicarious-criminal-liability-cii/article34066952.ece?homepage=true Confederation of Indian Industry (CII) has called for legislative amendment to company law to expressly exempt independent directors from vicarious criminal liability as
Making directors truly independent – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/making-directors-truly-independent/article34067984.ece While SEBI’s proposals are in the right direction, giving minority shareholders a greater say in appointments can cut both ways Sometime back, a
Corrugated box makers face severe raw material shortage, user industries voice concern over surging prices – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/packaging/corrugated-box-makers-face-severe-raw-material-shortage-user-industries-voice-concern-over-surging-prices/articleshow/81498019.cmsSynopsis “We are exporting around 2 million tonnes of kraft pulp to China now vs nothing in 2018 because China has banned imports of
Betting on pent-up demand, Berger Paints speeds up expansion plans | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/betting-on-pent-up-demand-berger-paints-speeds-up-expansion-plans-121030300869_1.html Berger is in the process of setting up a Rs 700-cr plant in Uttar Pradesh Photo: Shutterstock As pent-up demand is pushing up
ICICI, HDFC, SBI will have to offload Rs 1.2 lakh cr if RBI caps stake in insurance arms: Report – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/icici-hdfc-sbi-will-have-to-offload-rs-1-2-lakh-cr-if-rbi-caps-stake-in-insurance-arms-report/2206498/ Almost all state-run banks and large private sector banks also have unlisted life and non-life insurance ventures. It was also reported that the
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