Latest news with #Ladha
Time of India
04-05-2025
- Business
- Time of India
3 words to success: Mukesh Ambani's powerful advice goes viral
The founder of an investment firm recently recounted a meaningful exchange he had with Mukesh Ambani , the wealthiest individual in Asia. Anant Ladha , the entrepreneur in question, turned to LinkedIn to share two snapshots featuring himself alongside the chairman of Reliance Industries . These images were paired with a brief description capturing the heart of their interaction. #Pahalgam Terrorist Attack Code of war: India and Pakistan take their battle to the (web)front Forex reserves show a pauperised Pakistan, a prospering India Pakistan conducts training launch of surface-to surface ballistic missile During this fleeting yet impactful meeting, Ladha managed to ask Ambani a single, significant question: 'What's the key to achieving success?' Ambani's reply was brief, but packed with insight: 'Focus, delegate, and diversify.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Has Honda Done It Again? The New Honda CR-V is Finally Here. TheFactualist Undo Ladha highlighted how this short response left a lasting impression on him. He described it as a straightforward yet deeply meaningful reply from the highly esteemed business magnate. His post struck a chord with professionals and entrepreneurs alike, who found both the simplicity and depth of Ambani's message especially compelling. LinkedIn Post Gains Traction The post, which included the pair of photos and the powerful quote, quickly drew attention on the social networking site. Garnering more than 2,000 likes, it became a viral moment in professional circles. Though the comments were not overwhelming in number, they carried strong sentiments of admiration and encouragement. Agencies One commenter praised the post, calling it 'the most priceless photo paired with timeless advice,' while another referred to the encounter as 'a million-dollar moment worth remembering.' Someone else added, 'This is pure gold. While most people chase dozens of goals, the richest man in Asia narrows it down to just three priorities. That's powerful.' Another LinkedIn user wrote, 'Meeting a titan of the business world like Mr. Ambani is an accomplishment in itself. Congratulations!' One person expanded on the essence of Ambani's advice, stating, 'Concentration fuels outcomes, delegation shapes leaders, and diversification safeguards future expansion. Mr. Ambani's words are truly timeless.' Another user added, 'This is genuinely motivating.' The post also attracted many short, enthusiastic responses such as 'Motivating!' and 'Incredible!' Ladha's post not only showcased his rare moment with an industry titan but also served as a reminder of the value of simplicity in wisdom. In an age filled with complex strategies and overwhelming advice, Ambani's three-word formula stood out for its clarity and power. Professionals across various sectors found themselves reflecting on the principles of focus, trust in others, and spreading risk—a trio that, when mastered, can pave the way to lasting success.
Mint
03-05-2025
- Business
- Mint
Sebi eases ESG rating rules. But experts warn of short-term risk
MUMBAI : The market regulator has eased norms for ESG rating providers (ERPs), aligning the framework with that for credit ratings. The changes, effective immediately, aim to improve rating transparency, reduce conflicts of interest, and enhance market confidence, according to a circular issued by the Securities and Exchange Board of India (Sebi) on 29 April. Now, ERPs operating under the subscriber-pays model can withdraw ratings if there are no active subscribers or if a company fails to file its Business Responsibility and Sustainability Reporting (BRSR) report, according to the circular. For issuer-pays models, ratings can be withdrawn only after a minimum period and with bondholder consent in the case of debt securities. While subscribers like banks, insurance companies, or even the rated company itself pay to access the ratings under the subscriber-pay model, the company being rated pays under the issuer-pays model. 'Conditional withdrawal could create short-term volatility in ESG risk perception, especially when driven by administrative lapses such as missing BRSR filings," said Shailesh Tyagi, partner, sustainability and climate change, Deloitte India. However, he said, clear and transparent documentation of withdrawal rationale could help mitigate long-term reputational risk. Moin Ladha, partner at Khaitan & Co., said ratings retracted or revised unexpectedly could lead to 'fluctuating investor confidence, particularly if the conditions for withdrawal are not clearly defined or consistently applied". The Sebi circular also revamped disclosure rules for ERPs. Subscriber-pays ERPs are no longer required to publish detailed rating rationales publicly, easing their compliance burden. However, they must disclose assigned ESG ratings in a standardised, year-wise format, including details of the rated entity, sector, and the date of rating. Additionally, stock exchanges must now host ESG ratings on dedicated sections of company and debt security pages to ensure better investor visibility. Ladha said the increased compliance burden from simultaneous disclosures and reliance on public data may raise operational costs. 'ERPs may need to explore hybrid or issuer-pays models to maintain profitability and competitiveness. These changes aim at improving rating credibility, but they could challenge the subscriber-pays model's viability unless ERPs adapt effectively," he said. However, according to Ketan Mukhija, senior partner at Burgeon Law, mandatory disclosures on stock exchanges could enhance market transparency and aid more efficient price discovery for ESG-linked instruments. Experts also expect the circular to reshape ERP business models, pushing firms to reevaluate revenue strategies and compliance structures. Ladha said stricter transparency and conflict-of-interest norms could undermine the viability of the subscriber-pays model unless ERPs adapt. According to Tyagi, while these changes reduce public-facing obligations for subscriber-based ERPs, they may increase internal coordination and systemisation costs. Issuer-pays ERPs, meanwhile, must continue with full public disclosures and prepare for enhanced governance and audit requirements. Sebi granted Category II ERPs—a classification typically covering newer or smaller firms—a two-year extension before compliance with mandatory internal audits and governance committee formations kicks in. The relaxation of governance norms for Category-II ERPs 'may offer some relief, but smaller players may still struggle with capacity and compliance burdens", Mukhija said. The regulator has also expanded the pool of eligible auditors to include cost accountants and professionals with information systems security credentials. Despite initial challenges, experts are hopeful that the regulatory changes will enhance ESG rating credibility and support capital allocation into ESG-linked instruments. 'Improved visibility and transparency of ESG scores on stock exchanges will aid efficient price discovery and bolster investor confidence," said Jyoti Prakash Gadia, managing director at financial advisory firm Resurgent India. 'The changes are pragmatic, not disruptive, and will contribute to the long-term credibility of the ecosystem." The long-term impact will likely foster broader market acceptance and increased use of ESG ratings in investment decisions, experts said. Tyagi believes the reforms will bring India's ESG framework closer to global benchmarks, facilitating greater institutional interest. 'For corporates, the clarity in rating assignment, withdrawal, and disclosure norms means better planning and predictability in ESG engagement."
CBC
31-01-2025
- Politics
- CBC
Memorial University interim president Neil Bose retiring in April
Memorial University's interim president, Dr. Neil Bose, will retire in April, Bose announced Friday. The former naval engineering professor wrote in the The Gazette that he would be leaving the institution after serving a two-year term as president and vice chancellor. He began that job in April 2023, following the removal of MUN's controversial former president and vice-chancellor Vianne Timmons. MUN has undergone two scathing audits since Bose took office in 2023. The first, released in October 2023, found compensation policies that were either outdated or non-existent between April 2019 and December 2022 and noted a lack of oversight had led to higher salaries compared with most other Canadian universities. This month, an audit of its facilities management revealed the institution ignored asbestos and mould in favour of overspending on laptops and heavy machinery. In December, Bose announced MUN is curbing the hiring of professors, researchers and other staff to deal with a loss of more than $9.5 million in tuition fees following a drop in student enrolment. Bose's tenure also saw pro-Palestine encampments spring up on campus, which led to the resignation of former board of regents chair Glenn Barnes and three student arrests. President search continues Bose's academic career spans more than four decades. He received his bachelor of science in naval architecture and ocean engineering in 1978 and his PhD in 1982 from the University of Glasgow. Reflecting on his time with MUN, Bose said he is proud of the work the institution has accomplished. "This is an institution that has been central to my life and career for many decades," he said. "Please know that Memorial will always hold a place in my heart." Bose will continue his research in retirement. MUN board of regents chair Justin Ladha thanked Bose for his leadership. "Dr. Bose stepped up to lead the institution through an extremely challenging period and I wish him well in his retirement," Ladha said in a statement in The Gazette. Since Bose took office, MUN's board of regents has been searching for a permanent president and vice-chancellor. Ladha said the search is on schedule. "Further communication will be forthcoming in advance of his retirement on April 5," Ladha said.
