Latest news with #directors
Entrepreneur
13 hours ago
- Business
- Entrepreneur
Vedanta to Raise INR 5,000 Crore via Debentures
The company's committee of directors has approved the issuance of 5 lakh unsecured, rated, listed, redeemable NCDs with a face value of INR 1 lakh each. The issuance will be done on a private placement basis and will be listed on the BSE. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Vedanta Ltd has announced plans to raise up to INR 5,000 crore through the issuance of non-convertible debentures (NCDs), as per a regulatory filing disclosed on Friday. The move comes as the mining conglomerate looks to bolster its financial strategy amid a solid earnings performance and an impending corporate restructuring. In a report by PTI, as per the filing, the company's committee of directors has approved the issuance of 5 lakh unsecured, rated, listed, redeemable NCDs with a face value of INR 1 lakh each. The issuance will be done on a private placement basis and will be listed on the BSE. "The duly authorised committee of directors at its meeting held today... has considered and approved the issuance of unsecured, rated, listed, redeemable, non-convertible debentures (NCDs) on a private placement basis... aggregating up to INR 5,000 crore," the company stated. This fundraising announcement follows a sharp rise in Vedanta's earnings for the March quarter. The company posted a consolidated net profit of INR 3,483 crore, marking a 154.4 per cent jump compared to INR 1,369 crore in the same period last year. The spike in profits was attributed to lower production costs and increased output volumes. Total income for the quarter rose to INR 41,216 crore, up from INR 36,093 crore a year earlier. As of March 31, 2025, Vedanta's gross debt stood at INR 73,853 crore, placing increased significance on the company's capital management efforts. The planned NCD issuance appears to be a part of that broader financial recalibration. Meanwhile, the company is also moving ahead with a major structural overhaul. The demerger of its various businesses, aimed at unlocking value and improving operational focus, is expected to be completed by the end of the second quarter of the current financial year. Speaking to PTI, Vedanta's Chief Financial Officer Ajay Goel said, "We are on track to finish (the demerger) by the second quarter end."
Harvard Business Review
3 days ago
- Business
- Harvard Business Review
Delivering Bad News to Your Board
Rose Wong Whether it's a financial setback, the departure of a key leader, a cybersecurity breach or something else, mishandling the delivery of bad news can erode your board's trust in your leadership. But when navigated well, this process can strengthen the relationship and ensure that directors serve as your candid, engaged, and strategic partners.
Forbes
5 days ago
- Entertainment
- Forbes
3 Leadership Lessons From Nearly 30 Years Of Mission: Impossible
Nearly 30 years of movie success offers key leadership insights. May 22, 1996: Mission: Impossible opens in a record-breaking 3,012 theaters. Nearly three decades later, Mission: Impossible – The Final Reckoning posts a franchise-best opening weekend. Since its debut, the Mission: Impossible franchise has become a global cultural force, spanning eight films, five directors, and billions in box office revenue. Sustaining a high level of relevance and commercial success for nearly 30 years isn't easy. Just as the Mission: Impossible franchise had to evolve while maintaining its essence, leadership today requires the same. Beneath the adrenaline-fueled stunts and espionage thrills, Mission: Impossible offers a surprising set of lessons for executives and high-level leaders looking to guide teams, drive innovation, and stay relevant in an ever-changing and competitive business landscape. Here are three leadership lessons every executive can take from this enduring franchise. Over nearly three decades, Mission: Impossible has never stayed static. Each installment introduced evolving technology, new characters, and a fresh, creative tone. Just look at the directors: These reinventions weren't gimmicks. They were necessary evolutions designed for growth and survival. Yet the franchise never lost its essence: high-stakes missions, team loyalty, great action set pieces, and jaw-dropping stunts. The same principle applies to leadership. What worked two years ago may no longer apply. As industries shift and individual priorities evolve, especially in a workplace culture increasingly driven by well-being, leaders must update their approaches while preserving their values. Leadership can't be rigid. Like a great movie franchise, it must remain flexible in style and tone while staying true to its core. While Tom Cruise's Ethan Hunt is the face of the franchise, Mission: Impossible isn't a solo act. The real engine is the ensemble. Each team member is a specialist trusted to deliver under pressure. Whether it's Luther Stickell's tech brilliance or Benji Dunn's comedic relief and tactical value, along with many others throughout the franchise's history, the whole is greater than the sum of its parts. The same holds true in business. Sustainable, high-performing leadership isn't about being the "hero CEO." It's about building a team of experts, giving them clarity, and trusting them to do their jobs without micromanagement. Winning cultures aren't solely defined by individual stars; systems of trust and cohesion define them. High-performing leaders know that innovation, resilience, and speed come from empowering the people around them. If you're always the bottleneck, the mission fails. People might forget what you said, but they should never forget how you made them feel. That's especially true in cinema and leadership. From scaling the Burj Khalifa to hanging off cargo planes, cliff-diving on motorcycles, and performing underwater stunts, Mission: Impossible delivers what audiences crave: unforgettable experiences. These aren't CGI-driven illusions. They're real, bold, and visceral, and they set the franchise apart in an increasingly crowded and undifferentiated film industry. Business is no different. Leaders must move beyond delivering "value" just for the sake of it and lean more into creating experiences. Whether launching a product, onboarding new talent, starting a wellness program, or crafting a client touchpoint, every interaction is an opportunity to leave a deep impression. And no, this doesn't mean turning the office into a place full of rudimentary and shallow perks. It means understanding what truly matters to your people and delivering meaningful, relevant moments. A precisely crafted wellness initiative can have more impact than free lattes or ping-pong tables ever will. In a noisy world, depth and quality are the ultimate differentiators. There's a saying that art imitates life. And while Mission: Impossible is a multi-billion-dollar blockbuster franchise, its nearly 30-year run offers surprising parallels for achieving enduring success in today's workplace. Leadership today isn't static. It's a dynamic ecosystem where priorities constantly shift. Your mission, should you choose to accept it, is to lead with a willingness to reinvent, the courage to adapt, and the clarity to stay anchored to what truly matters so you can attract top talent, lead with presence, and stay ahead of the curve.
Irish Times
23-05-2025
- Business
- Irish Times
Six Nations operator converts on-pitch success into €12.5m profit
The Ireland-based company behind the Six Nations rugby tournament converted its tournament success into a pretax profit of £10.5 million (€12.5 million) in its last financial year. Following a loss of more than £26.2 million in 2023, Six Nations Rugby Limited recorded a profit of £10,500,776 for the year ending June 30th, 2024, according to recently filed accounts. The directors of the company said they were 'satisfied' with its performance in their financial year and expect that 'business activity for the coming year will remain strong'. The Irish company, its accounts say, is responsible for the running of the Six Nations Tournament, a collective of the national rugby unions of Ireland , England, Scotland, Wales, France, and Italy. It is owned, through a series of parent companies, by the six members of the tournament and European investment fund CVC. READ MORE Employee headcount at the company increased to 39 in 2024, having been at 33 the year prior. Staff costs, made up of salaries, social welfare and pension contributions, stood at £5.21 million and included a termination payment amount of £77,927. The company made payments to directors of £1.2 million, with a further £22,035 in pension contributions. [ Ireland to open 2026 Six Nations campaign against France on a Thursday night Opens in new window ] With UK-based parents, it is liable to pay tax in both the UK and Ireland. It paid £10,506 in tax in Ireland and received a tax credit from the UK of £5.2 million due to losses incurred the previous year. The Six Nations tournament, which took place in February and March 2024, saw 185 million viewers tune in across 64 countries. The tournament is aired on free-to-air channels in Ireland and the UK, in which it recently signed a four-year broadcast rights extension with the BBC and ITV. In Ireland, the tournament is broadcast free-to-air on RTÉ and Virgin Media Television, with the deal reportedly set to be extended. [ Six Nations to remain on free-to-air channels until 2029 Opens in new window ]
National Post
22-05-2025
- Business
- National Post
DATA Communications Management Corp. Report of Voting Results Annual Meeting of Shareholders Held on May 22, 2025
Article content BRAMPTON, Ontario — DATA Communications Management Corp. (' DCM ' or the ' Corporation ') (TSX: DCM; OTCQX: DCMDF) today announced that the annual meeting (the ' Meeting ') of shareholders of the Corporation was held on May 22, 2025 in Toronto, Ontario. Twenty-nine shareholders holding a total of 30,838,490 common shares of the Corporation (' Common Shares ') were represented at the Meeting in person or by proxy, representing approximately 55.76% of the total votes attached to all issued and outstanding Common Shares as of April 4, 2025, the record date for the Meeting. Article content Article content Appointment of Auditors Article content The resolution to appoint PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the Corporation, to hold office until the next annual meeting of shareholders of the Corporation or until their successors are appointed and to authorize the directors to fix the auditors' remuneration, was adopted on a vote by show of hands by a majority of the votes cast by the shareholders present in person or represented by proxy at the Meeting. The votes cast by shareholders present in person or represented by proxy at the Meeting for the appointment of the auditors were as follows: Article content Election of Directors Article content All eight directors proposed for election at the Meeting were elected on a vote by ballot. Article content The votes cast by shareholders present in person or represented by proxy at the Meeting for the election of directors were as follows: Article content Votes For Votes Withheld # % # % Richard C. Kellam 30,680,855 99.80% 61,000 0.20% Gregory J. Cochrane 30,571,923 99.45% 169,932 0.55% Merri L. Jones 29,129,077 94.75% 1,612,848 5.25% James J. Murray 30,675,244 99.78% 66,611 0.22% Michael G. Sifton 30,585,553 99.49% 156,302 0.51% J.R. Kingsley Ward 30,718,274 99.92% 23,581 0.08% Derek J. Watchorn 30,677,477 99.79% 64,378 0.21% Alison Simpson 30,724,124 99.94% 17,731 0.06% Article content About DATA Communications Management Corp. Article content DCM is a leading Canadian tech-enabled provider of print and digital solutions that help simplify complex marketing communications and operations workflow. DCM serves over 2,500 clients including 70 of the 100 largest Canadian corporations and leading government agencies. Our core strength lies in delivering individualized services to our clients that simplify their communications, including customized printing, highly personalized marketing communications, campaign management, digital signage, and digital asset management. From omnichannel marketing campaigns to large-scale print and digital workflows, our goal is to make complex tasks surprisingly simple, allowing our clients to focus on what they do best. Article content Article content Article content Article content Contacts Article content For further information, contact Mr. Richard Kellam President and Chief Executive Officer DATA Communications Management Corp. Tel: (905) 791-3151 Article content Article content
