Rules for market infrastructure institutions such as stock exchanges, clearing corporations, and depositories have come under review by Sebi after five years. BSE wants regulator Securities and Exchange Board of India (Sebi) to increase investment ceiling for stock exchanges in depositories. The move comes less than a month ahead of the deadline for the exchange to divest its holding in Central Depository Services Ltd (CDSL) from 50 per cent at present to 24 per cent, the maximum permissible ... Rediff.com, 1 month ago
The high-voltage face-off between the founders of India’s second largest IT company, Infosys and its present governing board on issues of code of ethics, governance and transparency on financial issues have turned the spotlight on professionally managed ...The Financial Chronicle, 2 months ago
Retention of Murthy within the promoter group was crucial for Infosys as the company believed the promoters’ relationship would help the company in difficult times In 2014, when Infosys co-founder N R Narayana Murthy asked the board to reclassify him from promoter to public shareholder, the board persuaded him to continue as promoter, said sources involved in the discussions. According to the sources, Murthy was not comfortable being responsible as promoter for various decisions the ...Rediff.com, 2 months ago
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