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Proxy advisory firm IiAS revises voting recommendation on Aster DM to 'for'

In reaction to the recent disclosure by Aster DM Healthcare and its commitment to allot 70-80% of the revenue generated from the sale of its Gulf Cooperation Council (GCC) business to Alpha GCC Holdings for distribution to shareholders, Institutional Investor Advisory Services India (IiAS), a proxy advisory firm, has revised its voting recommendation from "against" to "for." ....

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India's promoter capitalism gets a timely bashing

India’s shareholder uprisings come at a good time. The country’s biggest conglomerate, a leading broadcaster and a mortgage lender – all dominated by powerful backers often known as promoters – face boardroom backlashes. Even if the revolts are quelled, they underscore a welcome shift toward more market-friendly forces. ....

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SAT's split verdict leaves PNB-Carlyle deal in limbo; case may go to apex court

SAT's split verdict leaves PNB-Carlyle deal in limbo; case may go to apex court
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