Topic
corporate governance
Business Tata-backed Small Animal Hospital Board Reconstituted After Mistry Exit Amid Trust Turmoil
The board of Tata-backed Small Animal Hospital has been reconstituted following the exit of Mehli Mistry, a close confidant of the late Ratan Tata. New directors Sanjay Ubale and Dr Sheila Mukundan have joined. The hospital, which cost Rs 165 crore to build, is losing Rs 1.5 crore monthly and operating at a fraction of its capacity. Mistry's resignation was part of a wider conflict at Tata Trusts.
Logistics Diana Shipping Scales Back Genco Campaign Ahead of Crunch Shareholder Vote
Diana Shipping has withdrawn four of its six director nominees for Genco Shipping & Trading's board election, leaving only Jens Ismar and Paul Cornell. The move comes after all three major proxy advisory firms recommended shareholders support Genco's slate. The outcome of the June 18 vote could determine the future of Diana's tender offer for Genco.
Business Genco Softens Poison Pill Stance Ahead of Diana Shipping Proxy Fight
Genco Shipping & Trading has pledged to limit its shareholder rights plan ('poison pill') and seek investor approval for future extensions, responding to Diana Shipping's renewed proxy campaign. The move comes days before the June 18 annual meeting, where shareholders will vote on board nominees and the rights plan. Diana has raised its unsolicited offer to $24.80 per share but failed to gain support from major proxy advisors.
Business Lloyd’s Register Appoints Matthias Altendorf as New Chair
Lloyd’s Register has appointed Matthias Altendorf as the new chair of its boards, effective June 2027. Altendorf brings extensive leadership experience from Endress+Hauser Group.
Business Tata Sons Chairman Reappointment Stalled Amid Strategic Concerns
Noel Tata has highlighted unresolved strategic issues, delaying the reappointment of Tata Sons Chairman Natarajan Chandrasekaran. Key concerns include the group's five-year roadmap and exit options for Shapoorji Pallonji Group.
Regulations & Compliance Mehta Challenges SEBI Order on Inflated Revenue
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Regulations & Compliance Sebi Bans Rajesh Exports' CMD for Irregularities
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Logistics GlobalX Airlines Faces Cargo Disruption Amid Shareholder Dispute
GlobalX Airlines accuses Ascent Global Logistics of breaching a cargo brokerage agreement, impacting its air freight operations. The dispute centers on Ascent's alleged preferential treatment of its subsidiary, USA Jet Airlines.
Business Nandan Nilekani: Guiding Infosys Through Leadership Transitions
Nandan Nilekani, at 71, continues to steer Infosys through critical leadership transitions. His tenure has seen the company's revenue grow from $10.9 billion to over $20 billion. As he prepares for his third term, Nilekani faces the challenge of planning for his own succession and that of CEO Salil Parekh.
Business Hub Group CFO, COO Exit Amid Financial Restatement
Hub Group's CFO and COO have resigned following a $77 million accounting error that led to financial restatements. Interim CFO Todd Heeter steps in as the company aims to rectify its financial reporting.