Articles for tag: Attempts, Board, Burman, Conflict, Family, Fierce, Oust, Rashmi, reappointment, Religare, Rising, Salujas, Sparks, Tensions

September 30, 2024

Rashmi Saluja’s reappointment sparks fierce board conflict as Burman family attempts to oust her amidst rising tensions at Religare.

Rashmi Saluja has been reappointed as a director of Care Health Insurance, a subsidiary of Religare Enterprises, with strong support from shareholders. Despite a challenge from the Burman family, who own a significant stake in Religare and wish to remove Saluja, the company confirmed she will stay on. Care Health’s board received legal advice indicating ...

September 27, 2024

Market News

Business

Sumant Kathpalia’s reappointment as IndusInd Bank’s CEO heralds a crucial era, pending RBI approval, as he aims for transformative growth.

IndusInd Bank has announced the re-appointment of Sumant Kathpalia as its managing director and chief executive officer for another three years, effective March 24, 2025, pending necessary approvals from the Reserve Bank of India and shareholders. Kathpalia has held the position since March 2020 and previously received a two-year extension in March 2023. Under his ...