Sebi chairperson Tuhin Kanta Pandey called for a fundamental shift in how independent directors function, stating that boardroom independence in India is often procedural and lacks effective oversight. He emphasized the need for boards to move beyond compliance and foster diverse perspectives and constructive dissent, focusing on improving the quality of board engagement rather than adding new regulations.
Swan Defence shares rise 3% after securing order from Denmark’s Svitzer
Swan Defence and Heavy Industries shares gained nearly 3% after securing an order from Denmark-based Svitzer A/S to build four advanced TRAnsverse 3200 tugs. The