Sun TV holders vote to reappoint Maran, Kavery
The Hindu
86% institutional investors oppose move
Sun TV Executive Chairman Kalanithi Maran and Executive Director Kavery Kalanithi were reappointed by shareholders through a postal ballot last month, regulatory filings made to the stock exchanges show.
While 99.97% of public non-institutional shareholders voted for the special resolutions on reappointment of Mr. Maran and his wife, 86.24% of public institutional investors voted against the resolution. The promoter group, which holds 75% stake, voted 100% in favour.
Institutional Investor Advisory Services had earlier recommended voting against the resolutions citing governance and transparency issues. The advisory firm said it opposed the resolutions as the remuneration of Mr. Maran and Ms. Kalanithi was high given the company’s size. “As a good practice, the company must disclose the basis for performance pay,” it said.
Mumbai police investigate embezzlement of ₹122 crore from New India Cooperative Bank, leading to RBI restrictions and board supersession.
Taiwan's top tech official emphasizes the need for global semiconductor industry division of labor, not monopolization.
Cupid Ltd reports increased profits, appoints new Chairman, and expands market presence with new products and manufacturing facility.
Lok Sabha committee, led by BJP's Baijayant Jay Panda, to examine Income-Tax Bill 2025 with 31 MPs.
SEBI rejects Gaekwad's plea for competing open offer, solidifying Burman Group's acquisition bid for Religare Enterprises.
Mahindra & Mahindra's electric SUVs XEV 9e and BE 6 receive 30,179 bookings worth ₹8,472 crore on opening day.
Maxivision Group acquires Ojas Eye Hospitals in Mumbai to expand operations in Maharashtra with Rs.500 crore investment.
Markets tumble as Sensex and Nifty decline, with investors wary of foreign fund outflows and muted earnings.
Johnson & Johnson introduces TECNIS PureSee IOL for presbyopia in India, offering high-quality vision and reduced visual symptoms.
PMI Electro Mobility raises ₹250 crore for electric buses, accelerating growth plans with consortium investment.
India's wholesale price inflation slightly eased to 2.31% in January, driven by food and manufactured costs, with fuel prices in deflation.
AI could one day allow people to continue conversations with their loved ones after their death, said Sebastian Thrun, founder of Google X.
India considering liberalized air service agreement with Singapore, potentially allowing more flights and airport access.