In his order staying an NCLAT verdict, Justice Srikrishna had said Cyrus Investments and Sterling’s pledge of shares in Tata Sons to a third party was not controlled by the Article 75 of the Articles of Association (AoA) of Tata Sons and didn't amount to transfer of title to the shares. … [Read more...] about Tatas move Supreme Court over pledged shares by SP Group: Report
Family office group
It was in 2012 that a credit committee of ICICI Bank in which Chanda Kochhar was a member in her capacity as CEO signed a letter sanctioning a loan to Videocon promoter Venugopal Dhoot. ICICI was part of a consortium of more than 20 banks and financial institutions that disbursed the loan of Rs 40,000 crore to consolidate debt and expand into oil and energy. India’s third biggest lender ended up loaning Rs 3,250 crore to Dhoot’s business. … [Read more...] about ICICI-Videocon case: Deepak Kochhar arrested. Is Chanda Kochhar next?
“We are still seeing a surprisingly strong demand for dried beans,” said Vince Hayward, a member of the third generation to lead the Camellia brand, whose red kidney beans are the staple of the New Orleans table. He likes to think that demand is steady because people fell in love with beans, but he realizes that economic insecurity could be driving sales. … [Read more...] about COVID-19 Impact | Seven ways the pandemic has changed how we shop for food
A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine. … [Read more...] about PM Modi speaks to Saudi King Salman, two leaders exchange views on global challenges following COVID
Have you always had a separate workstation at home or did you set that up because of the lockdown? Can you share with us how have you set it up?I’ve always had a work desk at home which has never been used as much before. But there is a need to mix it up to break the monotony. So we’ve set up multiple working stations - used the dining table, converted the drawer chest and shoe rack into a standing desk by adding a stack of big books etc - and keep rotating every 3-4 days between myself and my wife. … [Read more...] about Virtual Leaders | A part of me was refusing to accept the lockdown would be long: Urban Company co-founder Varun Khaitan