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As per the Securities and Exchange Board of India (Sebi) norms, corporate issuers of listed debt must ensure that their articles of association have a provision for debenture trustees to nominate a board director. In July, Sebi had clarified that even in cases where issuers were not structured as companies, there will be an obligation on them to appoint a nominee director.
"We have to make sure that we do not miss this uptrend. But in three-four years, like you rightly mentioned, it will become a part of our normal delivery. It will cause a huge amount of delivery, efficiency to happen on the supply side, while at the same time the demand would be higher, and that will make up for any change on the supply side."
In today's business environment, a product-centric culture is crucial for companies to thrive and innovate. This culture focuses on continuously improving products or services to meet customer needs. It encourages a customer-centric approach, continuous improvement, innovation, employee engagement, market adaptation, and revenue growth.
Top high-value consulting firms like McKinsey, BCG and Bain, along with tech majors such as Accenture and IBM, as well as professional services firms like Deloitte, EY and PwC, are investing tens of millions of dollars and actively forming partnerships with IT companies and startups while creating internal teams to develop solutions for clients and internal needs.
Lenders to wood panel and laminates maker Associate Decor are still waiting for approval from the National Company Law Tribunal (NCLT) more than three years after the bid was approved. Tanzania-based METL was declared the preferred bidder in March 2020, offering a recovery of 40% for lenders. However, legal issues and various litigations have caused significant delays, compromising the resolution process.