Disclose securities held by promoters, directors: SEBI to cos

Last Updated: Monday, May 11, 2015, 21:06

To check insider trading menace, market regulator SEBI Monday asked listed companies to disclose details of securities held by promoters, directors, key management personnel and their relatives and other connected persons, before and after assuming such roles.

SBI elevates 5 CGMs as DMDs, appoints new CIO, CRO

Last Updated: Tuesday, May 5, 2015, 21:10

Country's largest lender State Bank of India has elevated five of its chief general managers (CGMs) to the post of deputy managing directors (DMDs), according to a source at the bank.

Law firms look into alleged fiduciary duty violations by IGATE

Last Updated: Wednesday, April 29, 2015, 18:22

As many as five US-based law firms are investigating charges of whether IGATE Board of Directors failed to maximise gains of shareholders before inking the multi-billion dollar deal with French rival Capgemini.

LIC revamps senior-level mgmt, transfers 40 Eds

Last Updated: Monday, April 27, 2015, 18:24

Amidst a marginal slide in its market share, life insurance giant Life Insurance Corporation has revamped its senior level management to improve performance by transferring as many as 40 executive directors early this month.

Power Grid Corp approves investment worth Rs 5,548-crore

Last Updated: Tuesday, April 21, 2015, 20:43

Power Grid Corp on Tuesday said its Board has approved investments worth Rs 5,547.90-crore in various projects including for the inter-state electricity transmission.

'Mindset change will help ensure effective board evaluation'

Last Updated: Saturday, April 18, 2015, 15:16

To ensure that the process of evaluating the performance of directors at companies is effective, there is a need for a "mindset" change, a senior Sebi official said Saturday.

HCC allots shares worth Rs 400 crore to institutional investors

Last Updated: Friday, April 10, 2015, 16:33

Infrastructure major Hindustan Construction Company Ltd on Friday said it has decided to allot 13.3 crore shares worth about Rs 400 crore to institutional investors.

SEBI to strengthen enforcement mechanism, reduce delays

Last Updated: Thursday, April 9, 2015, 18:39

For fast-track clampdown on erring firms, markets watchdog SEBI has decided to lay out strict timelines for completion of actions and create a central database of monitoring systems in the current fiscal.

Women directors: Erring companies to face minimum Rs 50,000 fine

Last Updated: Wednesday, April 8, 2015, 21:44

Without naming the companies that failed to appoint at least one woman director within the stipulated deadline of March 31, Sebi announced a four-stage penalty structure wherein fines would increase with the passage of time.

Norms for higher remuneration for bank directors soon: RBI

Last Updated: Tuesday, April 7, 2015, 15:45

The Reserve Bank will soon issue guidelines for increasing remuneration of non-executive directors on the board of private sector banks to help the lenders attract and retain talent.

Women directors: Sebi readies for action against errant firms

Last Updated: Sunday, April 5, 2015, 15:40

A large number of listed firms, including some state-run entities, may face regulatory action by Sebi and stock exchanges after failing to appoint at least one woman director on their respective boards.

Ansal Board gives nod to accept FDs from shareholders, public

Last Updated: Saturday, April 4, 2015, 09:18

Realty firm Ansal Properties and Infrastructure has said that the company's directors have approved a proposal to accept fresh fixed deposits from shareholders as well as public.