“It is my time to hang my boots with both anticipation and hope for the future," Parekh wrote to HDFC shareholders for the last time as chairman. "While this will be my last communication to shareholders of HDFC, rest assured we now stride tall into a very exciting future of growth and prosperity."
Data security specialist Rubrik has appointed Abhilash Purushothaman to the role of general manager and vice president for Asia. Rubrik APJ vice presi.
Over the past two decades, SEBI has either operated on the directions of the finance ministry or its activities have flown below the radar of any public or political scrutiny.
It has been a bad fortnight for the market regulator as its tardy investigations, poor supervision and legally weak or poorly justified orders of the past decade or more have come up for scrutiny in this short period.
Setting aside revised orders passed by the Securities and Exchange Board of India (SEBI) against erstwhile promoters and others in the infamous Rs9,000-crore Satyam Computer Services fraud, the Securities Appellate Tribunal (SAT) directed the whole-time member (WTM) of SEBI to relook the whole issue afresh.