Solar Industries: The dispute between the brothers started when the company secretary, on July 31, 2020, sent a letter to Kailash Chandra Nuwal stating that he had automatically vacated the office on November 7, 2019, after failing to make certain disclosures
Four special resolutions, including on the appointment of an independent director and alteration of the company s articles of association, moved at the annual general meeting of the industrial explosives and ammunition manufacturer last week, were defeated amid a fight between two brothers: Satyanarayan and Kailash Chandra Nuwal.
Paytm may be circumventing regulation to grant employee stock options to founder and Chief Executive Officer Vijay Shekhar Sharma, according to proxy advisory firm Institutional Investor Advisory Services.
As Akash Ambani takes over as chairman of Reliance Jio Infocomm and twin sister Isha Ambani is likely to head Reliance Retail in a similar fashion soon, we look back at our March 8, 2015 cover feature by M.G. Arun on how the next generation of Indian businesses is infusing new entrepreneurial energy to take their firms to greater heights.