CG Power’s board is looking for more independent directors to work towards avoiding an IBC resolution, while Gautam Thapar wants a reentry after denying all allegations of assets diversion.
ED and CBI probe if former FM Chidambaram and his son Karti received any kickbacks in lieu of these approvals.
Tata Consultancy Services, 72% owned by Tata Sons, contributes about 75% of the group’s profit.
If the growth is slowing down,you just have to worry about what you can do, Chandrasekaran said.
One recent example of this emerging trend is Suresh Narayanan, chairman and managing director at Nestle India, joining the board of Asian Paints.
It plans to challenge the regulator's decision before the Securities Appellate Tribunal (SAT), which hears appeals against Sebi’s orders.
Diageo didn’t specify how it would enforce the order. The firm and Mallya didn’t respond to emails seeking comment.
Some veterans are optimistic that a turnaround isn’t too far away.
Cos tell executives to clamp down on costs and watch spending closely; most expect a turnaround soon.
The loan may be priced after adding 115 basis points over and above the London Interbank Offered Rate, a global benchmark gauge, said market sources. These loans would mature in three or four years.
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