Reliance: Proxy firms Institutional Shareholder Services Inc. (ISS) and Institutional Investor Advisory Services (IIAS) have recommended that shareholders vote against the induction of Anant Ambani, the youngest son of Reliance Industries Chairman Mukesh Ambani, to the company s board. ISS cited Anant s limited leadership and board experience as a concern. However, Reliance defended Anant s appointment, stating that he has relevant experience and maturity.
Torrent Power and Vantage Point Asset Management have appealed against the decision to award bankrupt SKS Power Generation to Sarda Energy & Minerals, alleging bias in the evaluation process. Both companies are seeking the court s direction to reconsider their plans and provide another opportunity to offer better value.
India News: In a country where millennials make up the largest share of the workforce, India Inc is trying to board young executives as independent directors. "Br
In a country where millennials make up the largest share of the workforce, India Inc is trying to board young executives as independent directors. “Bringing on young independent directors adds dynamism and new-age thinking to corporate boards. It also helps in bridging the age diversity gap on the boards of companies,” said Parikh.
Sarda Energy & Minerals Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 10,401.9 million compared to INR 12,524.