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Tag: ouster

Religare institutional shareholders move court seeking ouster of board

Religare institutional shareholders move court seeking ouster of board

Finance
MUMBAI: A new battlefront has opened for Malvinder and Shivinder Singh involving their listed financial services company Religare Enterprises. Institutional investor India Horizon Fund, supported by IDBI Trusteeship and representing a total shareholding of 11%, moved the Delhi bench of National Company Law Tribunal seeking ouster of the company board on grounds of mismanagement and oppression of minority shareholders. Mauritius-based India Horizon Fund, which holds 5.59% of Religare Enterprises, has named the company, Religare Capital Markets, the Singh brothers and the Religare board among respondents to the suit. IDBI Trusteeship has a 5.53% stake. The plaintiff has sought immediate dissolution of the board and the management. It has asked for appointment of an administrator unti...
Harvard freshmen's ouster over posts draws broad response

Harvard freshmen's ouster over posts draws broad response

Technology
Few college-bound kids lose their shot, and their slot, at their dream school once they get in, but it happened at one of the world's most elite institutions and for a reason that has, until recently, hardly registered in the university admissions process: social media. Harvard University's decision to rescind admission offers to 10 incoming freshmen because of offensive Facebook posts comes at a time of heightened attention to free speech and student conduct on U.S. college campuses, and has stirred debate far beyond the halls of the Ivy League school. Other schools say it's an eye-opener for those involved in the admissions process. "We're going to continue to watch how this unfolds and, with other higher ed institutions, learn from it," said Janet Bonkowski, spokeswoman for the Univers...