on Apr 02, 2021)
Mumbai: Eight days after he exited GoAir as its MD, Jehangir (Jeh) Wadia stepped down as the MD of
In a regulatory filing, Bombay Dyeing said Jeh will not be renewing his contract as MD of the company that expired on March 31. The 47-year-old Jeh, the second son of group chairman Nusli Wadia, took over as the MD of Bombay Dyeing on April 1, 2011.
Jeh has relinquished his role as MD at Bombay Dyeing and GoAir while continuing to be its promoter, sources said. It wasn’t immediately clear if he will be inducted in a non-executive director’s capacity at Bombay Dyeing and GoAir. Older brother Ness as well as the senior Wadia are on the board of the two companies.
Cairn Devises Parallel Strategy To Enforce Arbitration Verdict Against India
Cairn Devises Parallel Strategy To Enforce Arbitration Verdict Against India
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The retrospective tax feud between the Indian government and UK-based oil and gas major, Cairn Energy, is set to get bitter.
Cairn Energy has begun identifying assets of the Indian government to enforce the
$1.2-billion arbitration award it won in December 2020, according to a March 9 investor communiqué from the firm.
The firm plans to appeal in the courts of different nations, including the U.S. and the U.K., for seizing those assets, if the award is not honored.