Paytm Shares Fell 6.2% On Regulatory Concerns, Suspicions About CEO Reappointment
Paytm's shares declined 6.2% on August 12 due to a proxy advisory firm's resistance to the company's CEO reappointment and central bank's recommendations for digital lending applications. Institutional Investor Advisory Services opposes reappointment of Vijay Shekhar Sharma as CEO and managing director. IIAS also expressed worry that… read-more
Tags: Paytm, Shares, CEO, Reappointment, Digital Payment App
Courtesy: DNA INDIA
Tata Sons Reappoints Chairman N Chandrasekaran, Extends Tenure For 5 Years
Tata Son's N Chandrasekaran has been reappointed as the Chairman of the company. His tenure has been extended for another 5 years, on February 11. The Tata Son Pvt Limited Board with special invitee Ratan Tata, approved the appointment based on the performance of N Chandrasekaran, who is leading the ecommerce app project. Chandrasekaran who joined Tata Sons in 2016, became Chairman in 2017 and expressed gratitude over his reappointment.
Tags: Ratan Tata, Tata Sons, Tenure Extended, N Chandrasekaran, Reappointment
Courtesy: Live Mint