A LENGTHY ORDER from capital markets regulator Securities and Exchange Board of India (Sebi) is nothing new. The watchdog also has a history of issuing important orders late on a Friday night when most people are looking forward to the weekend. So, when a 190-page order was released late on February 11 against the National Stock Exchange (NSE) and its former honchos Chitra Ramkrishna and Ravi Narain, and an individual named Anand Subramanian, it was assumed to be important. And indeed it was. The order laid down intricate details about how Ramkrishna, who was the MD & CEO of NSE from April 2013 to December 2016, flouted norms to recruit Subramanian at an exorbitant salary—when compared to his then prevailing compensation—and practically made him her second-in-command.
There was, however, another element that was equally important but more mystifying than Subramanian’s appointment, and which has hogged the limelight ever since. The Sebi order mentioned the term “unknown person” nearly 240 times and, on a few occasions, based on Ramkrishna’s submission, stated the entity was a yogi or a spiritual being who “dwelt in the Himalayan ranges”. Now, spiritual babas and yogis are not uncommon in India, especially those who draw devotees from the political milieu. But this was perhaps the first time that an order from Sebi stated that a stock exchange honcho was allegedly sharing confidential information with a Himalayan yogi.
この記事は Business Today の March 20, 2022 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Business Today の March 20, 2022 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
"Moving to cloud helped us grow❞
What was the problem you were grappling with?
She's Got Time
MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP
RISING STAR
PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.
Building on a Legacy
WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.
LEADER IN INNOVATION
AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.
WAITING IN THE WINGS
Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025
A DECENT PROPOSAL
IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?
Women and the STEM Bias
EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.
ROCKET WOMEN
WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.
ONE STEP FORWARD
THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.
