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Canada's government has ordered Hikvision, a Chinese video surveillance equipment manufacturer, to halt all operations and shut down its Canadian business due to national security concerns. Minister Melanie Joly stated that Hikvision Canada Inc.'s continued presence would be detrimental to Canada's security. The government has also banned the purchase and use of Hikvision products within government departments and agencies.
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News and Media
The Securities and Exchange Board of India has updated regulations concerning related party transactions. Company management must now secure certification from key executives for audit committees. Shareholders will receive valuation reports for significant transactions. Requirements for royalty payment disclosures are relaxed. These revised rules, developed with industry input, will be effective from September 1, 2025.
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News and Media
IndusInd Bank's board has shortlisted Rajiv Anand, Rahul Shukla, and Anup Saha for the CEO role, aiming to meet the RBI's June 30 deadline. The bank has been operating without a full-time CEO since Sumant Kathpalia's resignation. Rajiv Anand is considered the frontrunner, bringing extensive experience from Axis Bank.
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News and Media
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