DOCSLIB.ORG

Tata: the Most Admired Brand

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Tata: the Most Admired Brand TATA: THE MOST ADMIRED BRAND Name : JOHN L DAVIDSON Reg No :16MA019 Dept : MECHANICAL & AUTOMATION Year & Section: 4th & MAE INTRODUCTION Tata Group is a Indian Multinational conglomerate holding company. It is India's largest conglomerate. It was founded in the year 1868 by Jamsetji Tata. It is head quartered in Maharashtra, Mumbai. • The present CEO of TATA Group is Mr. Ratan Naval Tata. • Ratan Naval Tata, (born 28 December 1937) is an Indian businessman, investor, philanthropist and interim chairman of Tata Sons. • He is the chairman of Tata Group, a Mumbai-based global business conglomerate from 1991 till 2012 and again from 24 October 2016 for interim term, and continues to head its charitable trusts. • He is the recipient of two of the highest civilian awards of India–Padma Vibhushan (2008) and Padma Bhushan (2000). • He is an alumnus of The Cathedral & John Connon School,Cornell University & Harvard Business School. Chairmen • Jamsetji Nusserwanji Tata (1868-1904) Sir Dorab Tata (1904–1932) . • Nowroji Saklatwala (1932– 1938) . • Jehangir Ratanji Dadabhoy Tata (1938–1991). • Ratan Tata (1991–2012) Cyrus Pallonji Mistry (2012- 2016) . • Ratan Tata (Interim Chairman, Oct 2016 onwards). TATA GROUP’S REVENUE • In 2015-16, the revenue of Tata companies, taken together, is $103.51 billion. • These companies collectively employ over 660,000 people. • Each Tata Company or enterprise operates independently under the guidance and supervision of its own board of directors and shareholders. TATA GROUP’S REVENUE 16MU418-INDUSTRIAL ROBOT DESIGN/DINESH A RANKINGS OF TATAGROUP 16MU418-INDUSTRIAL ROBOT DESIGN/DINESH A Negative Growth . During the reign of Rata Tata between 1991 to 2012, Tata Sons grew from $6 billion business to $100 billion business conglomerate. Cyrus Mistry was expected to fill the void created by Ratan Tata, but he failed to impress the stakeholders and Ratan Tata himself. During his tenure, Ratan Tata bought tea maker Tetley for $450 million; Corus Group, Jaguar Land Rover for $2.3 billion, besides increasing the group’s overall income. On the other hand, with Cyrus at the help, the group’s turnover decreased to $103 billion in 2015-16, compared to $108 billion previous year. 16MU418-INDUSTRIAL ROBOT DESIGN/DINESH A Increase in Debt . Under Cyrus, net debt of Tata Sons increased to • $24.5 billion compared to $23.4 billion previous year. Hence, performance is one of the major issues in the case of Cyrus Mistry, and his sudden removal. Insiders say that when Cyrus was brought in as Chairman, his first and foremost task was to bring down debts of the company, a task he miserably failed. 16MU418-INDUSTRIAL ROBOT DESIGN/DINESH A Questions over Mistry’s Management Style . Friction was clearly visible when an article from The Economist questioned the ability of Tata Sons to ensure a respectable return for their shareholders, due to woeful performance in the last few years. Cyrus Mistry was not known as an ‘expansionist’ within the company, and his management style was questioned by one and all, as he preferred to write down the value of an asset, and then sell them off to bring in money to the table. An approach resented by Ratan Tata and other board members. 16MU418-INDUSTRIAL ROBOT DESIGN/DINESH A Ignoring Ratan Tata’sAdvice . As per another set of reports, Mistry ignored Ratan Tata’s advice and suggestions on some crucial matters, and this was not taken lightly by the Board members. His decision to sell off loss making UK Steel plants was considered a blunder, and the ongoing legal issues related with DoCOMo from Japan was something which never happened before in TataSons. The way non-profit businesses were being killed by Mistry irked Ratan Tataand the board members. As of now, Mistry (via family firm Shapoorji Pallonji Group) holds 18.4% equity in Tata Sons, which makes him the single largest individual shareholderof the business empire. Sir Dorabji Tata Trust and Sir Ratan Tata Trust, on the other hand, has a controlling stake of 51.6% in TataSons. As Ratan Tata informed PM Modi about the decision, it seems that a lengthy legal battle will start on this big corporate shake-up. Tata Sons has already hired senior lawyers such as Tata’s hiring Abhishek Manu Singhvi and Harish Salve. 16MU418-INDUSTRIAL ROBOT DESIGN/DINESH A Human Resource mandate • Attract Good People, Retain Better People, Advance best people – Remuneration Policy, – Potential Assessment, – Performance Management, – Work Levels, – Career Development. THANK YOU.
Load more

Recommended publications
  • Jamsetji Tata (1839-1904) February 10, 2004 Life in Business Community Quotes Tributes Trusts Pictures
    Jamsetji Tata (1839-1904) February 10, 2004 Life in Business Community Quotes Tributes Trusts pictures Jamsetji Tata's business philosophy was enshrined in values that made the country and its people partners in and beneficiaries of the wealth-creation process There are many reasons why India is beginning to shine on the economic front. One of the less-trumpeted ones can be traced to the late 19th century, when a band of homegrown entrepreneurs laid the seeds of indigenous industrialisation. The outstanding Indian businessman of the time was Jamsetji Nusserwanji Tata, industrialist, nationalist, humanist and the founder of the House of Tata. The industrialist in Jamsetji Tata was a pioneer and a visionary. The nationalist in him believed unwaveringly that the fruits of his business success would enrich a country he cared deeply about. But what made Jamsetji Tata truly unique, the quality that places him in the pantheon of modern India's greatest sons, was his humaneness. Jamsetji Tata rose to prominence in an era during which rapacious capitalism was the order of the day. America's 'robber barons' and their equivalents elsewhere in the world, including India, had come to define what the enterprise of moneymaking was all about: cruel to workers and uncaring of society, predatory in nature and ravenous in creed. Jamsetji Tata, though, was cut from a different cloth. The distinctive structure the Tata Group came to adopt, with a Related Articles huge part of its assets being held by trusts devoted to ploughing The giant who touched money into social-development initiatives, can be traced directly tomorrow to the empathy embedded in the founder's philosophy of Standing tall business.
    [Show full text]
  • Tata Sons - Passing the Baton.Docx
    C:\Users\Firdoshktolat\Documents\Interesting\Tatas\Tata Sons - Passing The Baton.Docx TATA SONS: PASSING THE BATON By Jehangir Pocha The author is the co-promoter of INX News This article appeared in Forbes India Magazine of 16 December, 2011 http://forbesindia.com/article/boardroom/tata-sons-passing-the-baton/31052/0#ixzz1k4cATEGO There's a continuing thread of history in Cyrus Mistry's appointment as Ratan Tata's successor. But the move is also testimony to Tata's professionalism and sincerity. The passing of a crown is always a delicate affair. In 1991, when J.R.D. Tata handed his to Ratan Naval Tata, his courtiers had rebelled. It took time for RNT to subdue the satraps and prove JRD’s decision on his successor was perhaps his finest. But then JRD was always renowned for his ability to pick men. The circumstances around anointing RNT’s successor exactly two decades later were rather different. The world and the Tata’s had changed. It would take more than an arbitrary announcement from RNT to achieve a smooth succession in what is now one of the world’s largest conglomerates. So, if Cyrus P. Mistry is the first Tata head to have been crowned by a committee rather than a King, and the first from outside India Inc.’s first family, it is a testament to Tatas’ ability to move with the times. Yet, to those who know Tatas and its history, there is also no doubt that there is a continuing thread of history in Mistry’s appointment. Ties between the Mistry and Tata families have been close — and contentious — ever since 1936 when Cyrus’s grandfather Shapoorji Pallonji Mistry bought 17.5% of Tatas’ main holding company, Tata Sons.
    [Show full text]
  • Sl. No. Name of Players Father Name Gender Date of Birth Member Unit
    Sl. No. Name of Players Father Name Gender Date of Birth Member Unit PLAYER ID NO 1 VIKAS VISHNU PILLAY PILLAY VISHNU MANIKAM Male 20.11.1989 AIR INDIA SPORTS PROMOTION BOARD PL / AIR / 00042 / 2013 2 YOUSUF AFFAN MOHAMMED YOUSUF Male 29.12.1994 AIR INDIA SPORTS PROMOTION BOARD PL / AIR / 00081 / 2013 3 LALIT KUMAR UPADHYAY SATISH UPADHYAY Male 01.12.1993 AIR INDIA SPORTS PROMOTION BOARD PL / AIR / 00090 / 2013 4 SHIVENDRA SINGH JHAMMAN SINGH Male 09.06.1983 AIR INDIA SPORTS PROMOTION BOARD PL / AIR / 01984 / 2014 5 ARJUN HALAPPA B K HALAPPA Male 17.12.1980 AIR INDIA SPORTS PROMOTION BOARD PL / AIR / 01985 / 2014 6 JOGA SINGH HARJINDER SINGH Male 01.01.1986 AIR INDIA SPORTS PROMOTION BOARD PL / AIR / 01986 / 2014 7 GIRISH RAVAJI PIMPALE RAVAJI BHIKU PIMPALE Male 06.05.1983 AIR INDIA SPORTS PROMOTION BOARD PL / AIR / 01987 / 2014 8 VIKRAM VISHNU PILLAY MANIKAM VISHNU PILLAY Male 27.11.1981 AIR INDIA SPORTS PROMOTION BOARD PL / AIR / 01988 / 2014 9 VINAYA VAKKALIGA SWAMY B SWAMY Male 24.11.1985 AIR INDIA SPORTS PROMOTION BOARD PL / AIR / 01989 / 2014 10 VINOD VISHNU PILLAY MANIKAM VISHNU PILLAY Male 05.12.1988 AIR INDIA SPORTS PROMOTION BOARD PL / AIR / 01990 / 2014 11 SAMEER DAD KHUDA DAD Male 25.11.1978 AIR INDIA SPORTS PROMOTION BOARD PL / AIR / 01991 / 2014 12 PRABODH TIRKEY WALTER TIREKY Male 15.12.1985 AIR INDIA SPORTS PROMOTION BOARD PL / AIR / 01992 / 2014 13 BIMAL LAKRA MARCUS LAKRA Male 04.05.1980 AIR INDIA SPORTS PROMOTION BOARD PL / AIR / 01993 / 2014 14 BIRENDAR LAKRA MARCUS LAKRA Male 22.12.1985 AIR INDIA SPORTS PROMOTION BOARD
    [Show full text]
  • Mumbai Collector's Details of Leased Government Land In
    FSI Rent at RR CRRNO L_RNT CSNO DIVISION HOLDER AREA COMM_DT PR_YR Rrrate Value 3 7% page no. 7602 130.90 2903 BHL MANJULABAI PRAGJI MAVJI 54.72 1/10/1964 50 57500 3146400 9439200 660744 62 7603 214.50 2909 BHL KESHAVRAM PITAMBARDAS PANCHAL & 1 ORS 55.18 1/1/1957 50 57500 3172850 9518550 666299 62 7604 65.25 2910-PT BHL THE MUNICIPAL CORPORATION OF THE CITY OF BOMBAY 108.88 1/1/1957 50 57500 6260600 18781800 1314726 62 7605 100.00 2911 BHL AJITKUMAR JAMNADAS & BORS 66.89 1/20/1963 50 57500 3846175 11538525 807697 62 7606 34.00 163 MZN PANDHARINATH MORESHWAR PATHARE 71.07 11/26/1957 50 40100 2849907 8549721 598480 75 7607 96.75 723 MZN SHIRINBAI FAKRUDDIN KARIMBHAI BOOTWALA 649.67 9/5/1914 99 42000 27286140 81858420 5730089 77 7608 379.70 719 + MZN GAJANAN RAMCHANDRA SAKHAL KAR & TWO ORS 4791.84 4/1/1913 99 42000 201257280 603771840 42264029 77 7609 175.74 717 MZN FIROZSHAH SHAVAKSHAH SHROFF 2171.51 4/1/1913 99 42000 91203420 273610260 19152718 77 7609A 164.90 718 MZN SMT.PADAMA ALISS PURNIMA W/F OF PARIMAL S.CHITALIA 2643.83 4/1/1913 99 42000 111040860 333122580 23318581 77 7616 111.00 80 CLB HIRABAI KAIKHORA JAMSHEDJI MODY & 3 ORS 1079.53 12/1/1928 999 7617 28.76 47 CLB RESERVE BANK OF INDIA 1768.40 12/1/1907 99 222800 393999520 1181998560 82739899 49 7618 85.11 46 CLB RUCHI PROPERTIES PVT.LTD. 1647.25 7/7/1914 999 7619 68.30 45 CLB RUCHI PROPERTIES PVT.
    [Show full text]
  • Other Information 68 – 177 Management Discussion & Analysis 178 - 180
    INFORMATION MEMORANDUM GOKAK TEXTILES LIMITED Registered Office: 45/3 Gopalkrishna Complex, 1st Floor, Residency Cross Road, Bangalore-560 025 Corporate Office : Chandivali Estate, Saki Powai Road, Chandivali, Mumbai 400 072 Phone: 022- 2857 6009 Fax: 022 – 2847 0046, Website: www.gokakmills.com Contact person: Mr. S. Raghunathan Email: [email protected] (We were incorporated as a Public Limited Company on March 27, 2006 as ANS Textiles (Bangalore) Limited and the name was changed to GOKAK TEXTILES LIMITED with effect from January 23, 2007) INFORMATION MEMORANDUM FOR LISTING OF 64,99,308 EQUITY SHARES OF RS.10 EACH. NO EQUITY SHARES ARE PROPOSED TO BE SOLD OR OFFERED PURSUANT TO THIS INFORMATION MEMORANDUM GENERAL RISKS Investments in equity and equity-related securities involve a degree of risk and investors should not invest in the equity shares of GOKAK TEXTILES LIMITED unless they can afford to take the risk of losing their investment. Investors are advised to read the Risk Factors carefully before taking an investment decision in the shares of GOKAK TEXTILES LIMITED. For taking an investment decision, investors must rely on their own examination of the Company including the risks involved. ABSOLUTE RESPONSIBILITY OF GOKAK TEXTILES LIMITED GOKAK TEXTILES LIMITED having made all reasonable inquiries, accepts responsibility for, and confirms that this Information Memorandum contains all information with regard to GOKAK TEXTILES LIMITED, which is material, that the information contained in this Information Memorandum is true and correct in all material aspects and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are no other facts, the omission of which makes this Information Memorandum as a whole or any of such information or the expression of any such opinions or intentions misleading in any material respect.
    [Show full text]
  • Credo) Workshop Nd Th 22 to 26 November 2015
    International Collaboration for Research methods Development in Oncology (CReDO) workshop nd th 22 to 26 November 2015 CReDO Shaping research ideas Organized by: Tata Memorial Centre, Mumbai National Cancer Grid of India Supported by Tata Trusts, Mumbai Tata Memorial Centre, Mumbai National Cancer Institute, USA King's College, London About the workshop The Tata Memorial Centre, Mumbai and the National Cancer Grid of India announce a five-day residential workshop on clinical research protocol development to be held in Mumbai between 22nd and 26th November 2015. This intensive protocol development workshop is modeled on similar workshops held in the United States (Vail), Europe (Flims) and Australia (ACORD). The main collaborators for the workshop are the National Cancer Institute (NCI), USA, King's College, London, the Medical Research Council-Clinical Trials Unit (MRC-CTU) at University College London and the Australia and Asia-Pacific Clinical Oncology Research and Development (ACORD) group, Australia. The objective of this workshop is to train researchers in oncology in various aspects of clinical trial design and to help them to develop a research idea into a structured protocol. Participation is open to researchers with training in surgical, medical or radiation oncology or any branch related to oncology. Preference will be given to early and middle-level researchers working in an academic setting who can demonstrate commitment to continuing research in oncology. The format of the workshop is a combination of protocol development group sessions, didactic talks, small-group breakaway sessions, office-hours (one-to-one direct consultation with experts) and “homework”. The faculty will consist of international and national experts with extensive experience in oncology research and training in research methodology workshops.
    [Show full text]
  • Strategy Embedded Value of Tata Sons in Group
    EQUITY RESEARCH India | Equity Strategy Strategy Exhibit 1 - Value of Tata Group Embedded Value of Tata Sons in Group Cos companies holding in Tata Sons Value of holdings in Tata Sons based Value of holdings in Tata Company Name Market Cap (Rs mn) 6 October 2020 on listed investment (Rs mn) Sons (as % of Mcap) Tata Chemicals 78,478 198,704 253.2 Tata Power 172,069 129,525 75.3 The Indian Hotels Company 120,353 87,347 72.6 Key Takeaway Tata Steel 434,912 240,203 55.2 Tata Motors 445,242 240,203 53.9 Financial troubles at the Shapoorji Palanji (SP) group, which holds an 18% stake in . Tata Consumer Products 463,754 34,065 7.3 Source: Company annual reports, Jefferies Tata Sons – the group hold co – has triggered debate on Tata Sons' worth. Tata Sons’ holdings across 14 listed cos works out to US$100bn+. SP group's reported asking price is c.20% higher. Several listed Tata group cos hold a stake in Tata Sons. For Tata Chem, Indian Hotels, Tata Power, Tata Steel and Tamo the value of investment in Tata Sons is more than 50% of the market cap. This report is intended for [email protected]. Unauthorized distribution prohibited. Stress at the SP group prompting likely Tata Sons breakup. The SP group's weak liquidity situation was made clear recently when on 25th Sep'20 it defaulted on a Union Bank owned Rs2bn commercial paper. Earlier, the group had tried to pledge part of its 18.4% shareholding in Tata Sons to shore up funding for its own businesses; but the same was stayed by the Supreme court (next hearing 28th October).
    [Show full text]
  • Fort 19440101 100 Article.Pdf
    100 [ THE W 0 R KIN G FRO NT 2] 101 TBE BOUSE or TATA THE INDUSTRIAL GIANT OF INDIA, A BACKWARD INDUSTRIAL COUNTRY, FIGHTS FOR THE EMPffiE THAT HAS OCCASIONALLY HELPED, OCCASIONALLY! IDNDERED ITS GROWTH HE House of Tata is a $230 million industrial empire, as backdrop for the story of the House of Tata itself-the Tthe backbone of India's indigenous industrialization, em­ story of a pioneer in successive phases of Indian industrial­ bracing, among other enterprises, steel, hydroelectric power, ization-first in cotton, then in steel and electric power, now textiles, aviation, and chemicals. With Indian capital, under in aviation and chemicals. The story of Tata both mirrors and Indian control and increasingly Indian management, Tata has colors the history of the growth of Indian industry. built up the biggest steelworks in the British Empire--now producing steel armor plate for the first time in Indian history; THE COTTON MILLS Tata generates one-third of India's electric power; Tata air­ lines fly 4,000 miles of regular air routes; under the stimulus That the House of Tata exists at all is due largely to the per­ of war, Tata has started a long-needed heavy-chemicals indus­ sistent initiative and vision of one man-the founder, Jamsetji try in India. Apart from this impressive industrial contribu­ Nusserwanji Tata. He was born (in 1839) a Parsi, one of that tion to a country in which three-quarters of the population small but commercially potent religious group that fled to India have been forced to depend for a living on tilling the worn­ from Persia in the eighth century.
    [Show full text]
  • Persons – 2012
    Persons – 2012 • Omita Paul appointed as the Secretary of the President: Appointment Committee of the Cabinet(ACC) appointed Omita Paul as the Secretary of the President on 24 July 2012. Her tenure as Secretary to the President is for contract basis. Omita is 63 years old. She replaced Christy L Fernandez. Omita Paul was appointed as the information commissioner in the central Information Commission in the year 2009 for the short duration of time at the end of the UPA-I government’s tenure. In addition, she had resigned to join as the Advisor in Finance Ministry from 2004 to 2009. Omita is a retired officer from Indian Information Service (IIS) from 1973 batch. Omita Paul is the wife of KK Paul. KK Paul was the former Delhi Police Commissioner. He is working as the member of the Union Public Service Commission. • Hesham Kandil Named Egypt's New Prime Minister: Egypt’s President Mohamed Morsi elected fifty-year- old Hisham Kandil as the country’s Prime Minister on 26 July. Morsi ordered the country’s former minister of water resources and irrigation, Kandil to form a new government. Kandil, holds an engineering degree from Cairo University in the year 1984 and a Ph.D. from the University of North Carolina in the year 1993. Kandil will be the first Egyptian prime minister to wear a beard, which is a sure sign of change in the country. A number of more experienced names were suggested for the prestigious role, but Morsi chose Kandil, a relatively lesser-known face as the Prime Minister of the country, this could be because he wanted someone unlikely to threaten or overshadow him.
    [Show full text]
  • 9Th June 2020 BJ/SH-L2
    9th June 2020 BJ/SH-L2/ BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, 5th Floor 1st Floor, New Trading Ring Plot No. C/1, G Block Rotunda Bldg., P. J. Towers Bandra-Kurla Complex Dalal Street, Fort Bandra (East) Mumbai – 400 001. Mumbai – 400 051. Scrip Code: 500400 Symbol: TATAPOWER EQ Dear Sirs, Submission of half yearly disclosure on Related Party Transactions Pursuant to Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed disclosure of related party transactions on a consolidated basis for the half year ended 31st March 2020. This is for your information and records. Yours faithfully, For The Tata Power Company Limited Company Secretary Encl: as above The Tata Power Company Ltd. Related Party Disclosures- for the half year ended 31st March, 2020 The Group’s related parties primarily consists of its associates, joint ventures and Tata Sons Private Ltd. including its subsidiaries and joint ventures. The Group routinely enters into transactions with these related parties in the ordinary course of business at market rates and terms. Transactions and balances between the Company, its subsidiaries and fellow subsidiaries are eliminated on consolidation. Disclosure as required by Ind AS 24 - “Related Party Disclosures” are as follows: Names of the related parties and description of relationship: (a) Related parties where control exists: (i) Employment Benefit Funds 1) Tata Power Superannuation Fund 2) Tata Power Gratuity Fund 3) Tata Power Consolidated Provident Fund 4) M/s Maithon Power Gratuity Fund (Fund) 5) North Delhi Power Ltd.
    [Show full text]
  • IRDAI Cracks Down on Reliance Health
    EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE THE HINDU DELHI FRIDAY, NOVEMBER 8, 2019 BUSINESS 15 EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE market watch 07-11-2019 % CHANGE Sensex dddddddddddddddddddddd 40,654 ddddddddddddddd0.45 IRDAI cracks down on Reliance Health US Dollardddddddddddddddddddd 70.97 ddddddddddddddd0.00 Gold ddddddddddddddddddddddddddd 38,930 ddddddddddddd-0.18 Brent oil ddddddddddddddddddddd 62.52 ddddddddddddd-0.53 Regulator asks health insurer to stop selling policies over solvency worries N. Ravi Kumar nancial assets to RGICL with nuine claims will continue to NIFTY 50 HYDERABAD effect from November 15. be duly honoured.” PRICE CHANGE The Insurance Regulatory “Till that time, RHICL had However, Reliance Capi­ Adani Ports. ............. ..... 390.45. ....... -0.55 and Development Authority been prohibited from using tal, the promoter of Reliance Asian Paints. ...........
    [Show full text]
  • Quarter Meeting Date Company Name Type of Meetings (AGM/EGM)
    Disclosure of Vote Cast by Tata Mutual Fund during the Financial Year 2020-2021 Quarter Meeting Date Company Name Type of Proposal by Proposal's description Investee company’s Vote (For/ Reason supporting the vote decision meetings Management or Management Against/ (AGM/EGM) Shareholder Recommendation Abstain) ALKEM Reappoint Basudeo N Singh (DIN: 00760310) as This is normal course of business and has no Apr-June'2020 04-Apr-2020 LABORATORIES Postal Ballot Management Executive Chairperson for a period of five years from 1 For For material impact on minority shareholders. LTD April 2020 and fix his remuneration ALKEM Appoint Sarvesh Singh (DIN: 01278229) as Executive This is normal course of business and has no Apr-June'2020 04-Apr-2020 LABORATORIES Postal Ballot Management Director for a period of five years from 11 November For For material impact on minority shareholders. LTD 2019 and fix his remuneration Narendra Aneja, 67, has over 30 years of experience across governance, risk and compliance areas. He is the managing partner and ALKEM Appoint Narendra Kumar Aneja (DIN: 00124302) as an founder of Aneja Associates. The firm conducts Apr-June'2020 04-Apr-2020 LABORATORIES Postal Ballot Management Independent Director for five years from 16 March For For governance studies, risk assessments, LTD 2020 management and operational audits of over 200 companies in India and overseas. His appointment is in line with statutory requirements. Future Retail proposes to re-designate Kishore Biyani as Executive Chairperson till 31 March 2022 and thereafter as Non-Executive Chairperson to comply with SEBI Regulations. Further, the company seeks approval for payment of remuneration for the remainder of his term as executive director such that it may breach the stipulated threshold of Rs.
    [Show full text]