Budget 2020

Companies that created most value for shareholders between 2015 and 2020: Report

Motilal Oswal’s 25th Annual Wealth Creation Study looks at companies that created the most value for shareholders between 2015 and 2020 and the trailblazers of the past 25 years. ET Wealth provides a snapshot. 25 years of wealth creation (1995-2020) Infosys has been the fastest wealth creator in the past 25 yearsThe average market cap […]

Budget 2020

Individual shareholders concerned about independence of independent directors: Report

A significant percentage of individual shareholders believe the constitution of the board of directors of most Indian companies is tilted towards promoters as many independent directors are not really independent, says a survey. According to the Corporate Governance Survey 2020 by online platform LocalCircles, 79 per cent individual shareholders have expressed concern about the independence […]

News Headlines

Dubai builder Arabtec says shareholders ask to reverse decision to liquidate company

DUBAI: Dubai builder Arabtec Holding is asking shareholders to reverse a decision made in September to proceed with a bankruptcy and liquidation filing, according to a bourse filing on Monday. Instead, the troubled builder is asking shareholders, scheduled to meet at a general assembly meeting on Monday, to approve the continuity and restructure the company, […]

Budget 2020

Lakshmi Vilas Bank: Has ease of credit availability in our system encouraged fraud?

By Uma Shashikant There is reason to cheer the move to merge Lakshmi Vilas Bank with DBS. Stakeholders will cry as if they have been cheated, but this solution has its merits. No one will deny that the Indian banking system requires serious repair. There are multiple reasons for the serious systematic risks posed by […]

Budget 2020

Lakshmi Vilas Bank shareholders may not get anything from DBS deal

KOLKATA: Equity shareholders in Lakshmi Vilas Bank (LVB) may stand to lose as there may not be anything for them in the scheme of amalgamation with DBS Bank. LVB eroded its net worth and therefore it’s natural that shareholders would lose out, two people familiar with the matter said. Indiabulls Housing Finance, which was denied […]

Budget 2020

DBS-LVB Deal: A hint to foreign banks, grim signal for shareholders

MUMBAI: A shotgun wedding of an odd pair in the middle of a pandemic, with the RBI governor — recently recovered from Covid — acting as the head-priest; and two overbearing Asian sovereigns blessing a deal after quiet backroom talks, mark the coerced matrimony between the Indian arm of the Singapore lender DBS and Lakshmi […]

Budget 2020

Amazon tells SEBI Future is ‘misleading’ shareholders

Amazon is locked in a bitter legal dispute with Future Group. Amazon has complained to India’s markets regulator that its local partner Future Retail misled shareholders by incorrectly saying it was complying with its contractual obligations to the U.S. e-commerce giant, a letter seen by Reuters shows. Amazon is locked in a bitter legal dispute […]