M.D. Ranganath, Infosys CFO Quits
The Chief Financial Officer (CFO) of Infosys, M.D. Ranganath resigned from his position on August 18. After working with Infosys for 18 years, he will now continue as CFO till November 16, 2018.
Disclosure of Compliance under Sexual Harassment at Workplace Act, a must
The Union Ministry of Corporate Affairs, inserted a clause in the Companies (Accounts) Rules, 2014 that companies need to include a statement disclosing their compliance under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 through a notification on July 31, 2018.
P-Notes Investment Hits an All Time Low
The investments through participatory notes (P-Notes) have plunged to a low of Rs 80,341 crore till July 2018-end. This is the lowest level in 9 years. The last this was experienced was in April 2009 when the cumulative value of such investments stood at Rs 72,314 crore.
Banks Board Bureau Appoints Firms to Develop Strategies
The Banks Board Bureau or BBB has appointed two firms to assist in developing strategies for top bank management. Egon Zehnder International Pvt. Ltd and Hay Consultants Pvt. Ltd. will be laying emphasis on leadership skills in the public sector banks or PSBs. BBB is an autonomous body of the Central Government responsible for improving the governance of Public Sector Banks.