Hindustan Unilever Limited’s notice for Priya Nair’s appointment as CEO included an unusual offer: shareholders could obtain a copy of her CEO agreement via email. While not legally mandated, this move goes beyond typical inspection procedures, sparking debate on transparency versus competitive risks in executive contracts.
RBI net forex buys hit a record $43 billion in August, balances it with swaps
The Reserve Bank of India recorded a net purchase of $43.26 billion in August’s foreign exchange market. This was done to manage significant dollar inflows