Rohit Kumar Gupta resigns from the company due to personal reasons

Before joining IIFL, Shubham Khare served as vice president of legal at Piramal Capital

CLSA expects private sector banks, which have been stock market laggards, to give better returns amid good business outlook and inexpensive valuations

National Company Law Tribunal will hear the matters on 4 July

The development comes after Independent Director Marc Desaedeleer recently resigned over standards not meeting his expectations

Jefferies says acquisition of Hyderabad-based cement maker moves Ambuja, a part of Adani Group, to top three players in the south region

The acquisition of Hyderabad-based Penna Cement will be fully funded through internal accruals

Telecom operator’s board approves preferential allotment of up to 166 crore shares to Nokia Solutions and Ericsson India at 14.80 rupees apiece

Mahesh Shetty was a personal guarantor against loan given to MT Educare, formerly known as Mahesh Tutorials

Indian power producer proposes a one-time settlement to CFM Asset Reconstruction

NCLT also appoints Roshen Chordiya as Pune-based pharmaceutical company’s interim resolution professional

Morgan Stanley expects sector tailwinds and robust order backlog to drive sustainable growth in the company’s core EMS business

The mortgage lender’s board approves IPO, comprising fresh issue of shares aggregating up to 4,000 crore rupees ($479 million) and an offer for sale

Zee’s board approves raising as much as 2,000 crore rupees ($240 million) via issuance of shares or any other eligible securities

State Bank of India initiated insolvency process against guarantor Rajkumar Dhoot for recovery of around 5,354 crore rupees ($641 million)

Nomura expects Indian equity market to react positively in near term, if exit polls, which suggest return of BJP, turn to actual results on 4 June

Gangadhar will work as a strategic advisor to IIFL Group in its new initiatives related to artificial intelligence and digital transformation

Nitin Sood, who has been associated with the company for over two decades, opted to explore growth opportunities outside the group