Non-executive Director

IDFC shareholders have decided to reject the reappointment of Vinod Rai as Non-Independent and Non-Executive Director to the Board. In a notification to the exchanges on Wednesday, IDFC stated that the resolution "has not got the requisite majority and hence is not passed." The decision comes after the 24th Annual General Meeting (AGM) of the firm.

IDFC shareholders have decided to reject the reappointment of Vinod Rai as Non-Independent and Non-Executive Director to the Board. In a notification to the exchanges on Wednesday, IDFC stated that the resolution "has not got the requisite majority and hence is not passed." The decision comes after the 24th Annual General Meeting (AGM) of the firm.

Vodafone Idea: Kumar Mangalam Birla will step down as the non-executive director and non-executive chairman of the board with effect from August 4

Kumar Mangalam Birla's request to step down as Non-Executive Director and Non-Executive Chairman of the Vodafone Idea board was accepted today by the company's board of directors.

Bajaj Auto New Chairman: Mr Rahul Bajaj tendered his resignation as non-executive Director and Chairman of the company, said Bajaj Auto. He had been director of the company since 1970.

Mr Albrecht will play a supervisory role and guide the founder and the management on key business decisions

Mahindra and Mahindra today announced the succession plans for its top management, which will see several of the company's key leaders retire over the next fifteen months. This includes the company's Group Chairman, Anand Mahindra, and CEO and Managing Director, Pawan Goenka, who are set to retire in April 2020 and April 2021, respectively.

Lakshmi Vilas Bank on Wednesday informed exchanges that its non-executive independent director Supriya Prakash Sen resigned from the bank.

Wipro said on Thursday that its founder Azim Premji would retire as executive chairman and managing director on July 30. Mr Premji - India's second richest man - will continue as non-executive director and founder chairman, the company said in a regulatory filing after market hours on Thursday. The Bengaluru-based IT services major said that the ap...

Infrastructure Leasing & Financial Services Ltd also appointed N Srinivasan as a non-executive director.

At least five of the company's eight non-executive directors have strong ties to Musk or one of his other companies, throwing their independence into question.

Tata Trusts' R Venkataramanan today said said he has been wrongly named as an accused in the CBI case against AirAsia India as he had "little or no role to play" as a non-executive director at the airline, even as he blamed "revenge legal action" by former Tata Group chief Cyrus Mistry for the accusations.

Nandan Nilekani will take over as non-executive chairman and non-independent director with immediate effect, the company said in a statement.

At last year's AGM, the shareholders of the company had approved appointment of Deveshwar as Non-Executive Director, and Chairman for a period of three years with effect from February 5, 2017.

"The board of directors approved the appointment of Aman Mehta as an additional director and non-executive independent director and Priya Agarwal as additional and non-executive director on May 17, 2017," Vedanta Ltd said in a statement.

IDFC shareholders have decided to reject the reappointment of Vinod Rai as Non-Independent and Non-Executive Director to the Board. In a notification to the exchanges on Wednesday, IDFC stated that the resolution "has not got the requisite majority and hence is not passed." The decision comes after the 24th Annual General Meeting (AGM) of the firm.

IDFC shareholders have decided to reject the reappointment of Vinod Rai as Non-Independent and Non-Executive Director to the Board. In a notification to the exchanges on Wednesday, IDFC stated that the resolution "has not got the requisite majority and hence is not passed." The decision comes after the 24th Annual General Meeting (AGM) of the firm.

Vodafone Idea: Kumar Mangalam Birla will step down as the non-executive director and non-executive chairman of the board with effect from August 4

Kumar Mangalam Birla's request to step down as Non-Executive Director and Non-Executive Chairman of the Vodafone Idea board was accepted today by the company's board of directors.

Bajaj Auto New Chairman: Mr Rahul Bajaj tendered his resignation as non-executive Director and Chairman of the company, said Bajaj Auto. He had been director of the company since 1970.

Mr Albrecht will play a supervisory role and guide the founder and the management on key business decisions

Mahindra and Mahindra today announced the succession plans for its top management, which will see several of the company's key leaders retire over the next fifteen months. This includes the company's Group Chairman, Anand Mahindra, and CEO and Managing Director, Pawan Goenka, who are set to retire in April 2020 and April 2021, respectively.

Lakshmi Vilas Bank on Wednesday informed exchanges that its non-executive independent director Supriya Prakash Sen resigned from the bank.

Wipro said on Thursday that its founder Azim Premji would retire as executive chairman and managing director on July 30. Mr Premji - India's second richest man - will continue as non-executive director and founder chairman, the company said in a regulatory filing after market hours on Thursday. The Bengaluru-based IT services major said that the ap...

Infrastructure Leasing & Financial Services Ltd also appointed N Srinivasan as a non-executive director.

At least five of the company's eight non-executive directors have strong ties to Musk or one of his other companies, throwing their independence into question.

Tata Trusts' R Venkataramanan today said said he has been wrongly named as an accused in the CBI case against AirAsia India as he had "little or no role to play" as a non-executive director at the airline, even as he blamed "revenge legal action" by former Tata Group chief Cyrus Mistry for the accusations.

Nandan Nilekani will take over as non-executive chairman and non-independent director with immediate effect, the company said in a statement.

At last year's AGM, the shareholders of the company had approved appointment of Deveshwar as Non-Executive Director, and Chairman for a period of three years with effect from February 5, 2017.

"The board of directors approved the appointment of Aman Mehta as an additional director and non-executive independent director and Priya Agarwal as additional and non-executive director on May 17, 2017," Vedanta Ltd said in a statement.