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<ul><li>The market regulator Securities and Exchange Board of India (SEBI) mandated that the chairperson, <keyword id="115930" type="POSITION" weightage="20" keywordseo="Chief-Executive-Officer">chief executive officer</keyword> (CEO) of the company can not be the same. </li><li>Wipro’s Abidali Neemuchwala and Karur Vysya Bank’s PR Seshadri quit citing ‘personal’ reasons. </li><li>Of the top 500 companies, more than 160 have shared chairperson and CEO posts — and another 50 companies have the chairperson related to the CEO. </li><li>Checkout the 10 top Indian companies are looking for CEOs.</li></ul>The resignation of <a href="https://www.businessinsider.in/business/news/abidwali-neemuchwalas-scorecard-as-wipros-ceo-for-four-years/articleshow/73794632.cms">Wipro CEO Abidali Neemuchwala</a> made headlines a few days ago. The reasons for his departure were ‘personal’, there are many other Indian firms that are looking for top talent to sit in the corner office. In a bid to scale up the the corporate governance practices, the market regulator Securities and Exchange Board of India (SEBI) mandated that the chairperson, chief executive officer (CEO) and the managing director (MD) of the company can not be the same. The new mandate, that is applicable to the fortune 500 companies will kick off on April 1, 2020. Of the top 500 companies, more than 160 have shared chairperson and CEO posts — and another 50 companies have the chairperson related to the CEO— <a href="https://economictimes.indiatimes.com/markets/stocks/news/sebis-cut-off-for-separate-chairman-and-md-is-here-are-family-run-businesses-ready/articleshow/72973247.cms">according to the</a> Economic Times report. This has opened up vacancies across companies like <keyword id="6355199" type="COMPANY" weightage="20" keywordseo="reliance-industries">Reliance Industries</keyword>, Hindustan Unilever and ITC, aside from Wipro. While Neemuchwala will stay on till Wipro finds his successor, the corner office of <a href="https://economictimes.indiatimes.com/industry/banking/finance/banking/karur-vysya-bank-ceo-md-resigns/articleshow/73116982.cms">Karur Vysya Bank CEO PR Seshadri’s last working day</a> will be March 31, 2020. The key qualities of a CEO These top executives must have experience, observation skills, as well as a strong network to the table. “The top executive needs to have the ability to align themselves with the company’s vision. The new SEBI regulations which states that companies cannot have the same person as a CEO as well as Chairperson will create a lot of demand initially, this might lead to some relaxation of assessment standards for some time,” Ajay Shah, VP and head of recruitment at TeamLease Services told Business Insider. “These thought leaders provide much more than just a reference. They also provide counsel; they serve as sounding boards; they act as voices of depth and reason; they help frame a CEO search in the context of the organisation,” Deepak Parekh, chairman at HDFC <a href="https://economictimes.indiatimes.com/news/company/corporate-trends/how-godfathers-of-ceo-hiring-in-india-inc-choose-best-candidate-for-the-top-job/articleshow/34348018.cms?from=mdr">told</a> the Economic Times. It doesn’t take days or hours of interviews. For me, 10 minutes is enough to assess if the candidate is right for the job,” Parekh added. “The <keyword id="1668152" type="PERSON" weightage="20" keywordseo="CEO-hiring">CEO hiring</keyword> protocols that Indian companies follow generally start with external agencies or search firms identifying suitable candidates and the boards or promoters interviewing them. Top 25 thought leaders in India across sectors are tapped for referencing for top appointments. Along with quality references these thought leaders also provide counselling for such hires,” Shah added. Here are the top Indian companies are looking for CEOs: Reliance Industries 
	<div type="image" title="ambani" msid="73997124" hostid="261" caption="&amp;lt;p&amp;gt;Mukesh Ambani&amp;lt;/p&amp;gt;"></div>

 Market Cap: ₹924,038 crore Chairman &amp; CEO: Mukesh Ambani Hindustan Unilever 
	<div type="image" title="sanjiv mehta" msid="73997127" hostid="261" caption="&amp;lt;p&amp;gt;Sanjiv Mehta&amp;lt;/p&amp;gt;"></div>

 Market Cap: ₹464,839 crore Chairman &amp; CEO: Sanjiv Mehta ITC 
	<div type="image" title="sanjiv puri" msid="73997131" hostid="261" caption="&amp;lt;p&amp;gt;Sanjiv Puri&amp;lt;/p&amp;gt;"></div>

 Market Cap: ₹262,428 crore Chairman &amp; CEO: Sanjiv Puri ONGC 
	<div type="image" title="shashi shanker" msid="73997134" hostid="261" caption="&amp;lt;p&amp;gt;Shashi Shanker&amp;lt;/p&amp;gt;"></div>

 Market Cap: ₹135,112 crore Chairman &amp; CEO: Shashi Shanker NTPC 
	<div type="image" title="gurdeep singh" msid="73997139" hostid="261" caption="&amp;lt;p&amp;gt;Gurdeep Singh&amp;lt;/p&amp;gt;"></div>

 Market Cap: ₹110,621 crore Chairman &amp; CEO: <keyword id="108414" type="PERSON" weightage="20" keywordseo="Gurdeep-Singh">Gurdeep Singh</keyword> Adani Ports 
	<div type="image" title="adani" msid="73997149" hostid="261"></div>

 Market Cap: ₹75,174 crore Chairman &amp; CEO: <keyword id="111343" type="PERSON" weightage="20" keywordseo="Gautam-Adani">Gautam Adani</keyword> Karur Vysya Bank 
	<div type="image" title="PRS Karur" msid="73997152" hostid="261"></div>

 Market Cap: ₹4,092 crore Former Chairman &amp; CEO: PR Seshadri Coal India Market Cap: ₹121,036 crore Chairman &amp; CEO: <keyword id="806462" type="PERSON" weightage="20" keywordseo="Anil-Kumar-Jha">Anil Kumar Jha</keyword> BPCL Market Cap: ₹107,161 crore Chairman &amp; CEO: Duraiswamy Rajkumar Power Grid Corporation of India Market Cap: ₹100,629 crore Chairman &amp; CEO: Kandikuppa Sreekant

At least 10 top Indian companies are looking for CEOs — do you have what it takes?

New Delhi, Mar 18 () DMK parliamentarian T K S Elangovan on Wednesday expressed concern over the decline in the share of MSME sector in the country's GDP to 28 per cent from 45 per cent in 2011 and said smaller industries were suffering due to lack of bank financing. Initiating the discussion on working of the Ministry of Micro, Small and Medium Enterprises (MSME), he said the allocation to the sector was lowered in the revised estimate during 2018-19. Elangovan said micro, small and medium enterprises need funds for technology upgradation and infrastructure, but banks were not proving funds. The government should support small industries and banks should lend, he added. Stating that the MSME sector provide huge employment opportunities to people, the DMK leader said the government should re-evaluate its strategy and provide support to this sector for economic development of the country. Countering his charges, Arun Singh of the BJP highlighted various initiatives by the central government to strengthen the MSME sector. He said there was no development in the MSME sector in the last 70 years because of piecemeal approach by previous governments. Participating in the discussion, Amee Yajnik of the Congress said demonetisation has finished this sector and "we have to face it". "You cannot run away, you cannot remain in denial mode," she said, requesting the minister to look into the budgetary allocation and consider simplification of schemes so that it can reach the last person. A Vijayakumar of the AIADMK said Tamil Nadu continues to be a vibrant industrial state with a large base of big factories and small units, with the state having an estimated seven lakh registered MSMEs or 15.1 percent of all such units in the country. "I urge the government to allocate Rs 5,000 crore as one-time special package to support the MSME sector in Tamil Nadu," he said, adding that because of the coronavirus outbreak, the production has been suffering for two months. Ravi Prakash Verma of the Samajwadi Party said MSME units are the backbone of the economy but the sector is facing distress due to various factors. He urged the Centre to raise the budgetary allocation for the MSME ministry. As per Budget estimates, an outlay of Rs 7,572 crore has been earmarked for the MSME Ministry for 2020-21. Sasmit Patra of the BJD said the coronavirus outbreak is going to negatively impact the MSME sector. Elamaram Kareem of the CPIM said MSMEs play a crucial role in providing large-scale job opportunities with the sector employing over 11 crore people. He said the MSME sector has suffered the most due to demonetisation and "unscientific implementation" of the Goods and Services Tax (GST). Anil Desai of the Shiv Sena said consumption slowdown and liquidity constraints have severely impacted the MSME sector. Manoj Kumar Jha of the RJD said the government and Opposition parties can collectively draw a blueprint to help the MSME sector. He said signals are "worrisome" and the sector is going to "bleed" particularly in view of the economic slowdown. Binoy Viswam of the CPI said if the government is serious about MSMEs, first of all it should undertake a study on the impact of demonetisation on the sector. Praful Patel of the NCP said the MSME sector needs to be supported as crores of livelihoods are dependent on it. RSN SMNSMN

DMK MP expresses concern over decline in MSME sector's share in GDP

Goyal in Rajya Sabha(Eds: Updating with minister's response) New Delhi, Mar 17 () There is no plan to privatiseIndian Railways as it belongs to the people of the country,Railways Minister Piyush Goyal asserted in Rajya Sabha onTuesday after some members raised concerns over it.Replying to a discussion on the working of the Ministryof Railways, Goyal announced an investment of Rs 50 lakh crorein the national transporter over the next 12 years."I want to make it crystal clear that there is no planor proposal to privatise Indian Railways, it will not happen.Indian Railways belongs to the people of this country, it willremain so," Goyal said.Keeping in mind development of the railways, thegovernment may, however, bring in a few services under privatesector in order to provide better services to the passengers,he added.Participating in the discussion, several Rajya Sabhamembers raised concerns over the poor financial health of therailways, decline in job opportunities and delay in executionof major projects, besides privatisation of the nationaltransporter.Goyal said the government was committed to making IndianRailways world class in every aspect."In the next 12 years we are going to invest Rs 50 lakhcrore in the Indian Railways. We will do it in publicprivate partnership. We will also give the chance to thepeople of this country to be part of this process," he added.Goyal, in reply to allegations by Trinamool Congressmember Derek O'Brien, said that sharing of funds between theCentre and state governments for new railway projects wasstarted during the UPA regime of which the Trinamool Congresswas a part, and it was inherited by the BJP as a legacy.The minister, however, added it was "not a bad practice".Goyal cited various news reports on the performance ofthe railways under former Railway Minister and TrinamoolCongress chief Mamata Bannerjee. "I don't want to politicisethe issue of losses," he added. O'Brien had alleged step-motherly treatment to statesgoverned by parties other than the BJP, particularly WestBengal.Responding to complaints of delay in work, Goyal saidthat over the last five years the government has taken stepsto speed up various projects."In 2014-15 the capex (capital expenditure) for theIndian Railways stood at Rs 58,000 crore. This year Rs 1.61lakh crore capex is going to happen. This investment has ledto unprecedented work," the minister noted.Elaborating on the achievements of the government, hesaid that barring a few in Rajasthan, unmanned level crossingshave ceased to exist on the board gauge network across thecountry.On electrification of tracks, he said that out ofstated target to convert 6,000 kms last year, the governmenthas been able to complete 5,276 kms.In 2013-14, the length of electrified tracks in thecountry stood at of just 610 kms, he noted."Looking at the dedication of the railways employees, Ihave confidence that we will be able to achieve the target offull electrification by 2023-24," Goyal said.He said that the government has identified 58 projectsas "super critical" and 68 projects as "critical" and therailways is working to complete them on priority.He said that if the government gets support from thestate governments in terms of land acquisition, investment,the projects could be implemented with greater speed.Commenting specifically on West Bengal, he said therewere issues of land encroachment in the state which have hadimpact on various projects.Earlier participating in the debate, Minister of Stateof Railways Suresh Angadi said there were encroachments onboth sides of tracks in West Bengal.He said that during the protests against the amendedcitizenship law, maximum damage to railways property tookplace in the state.Citing the example of Kerala, Goyal sought help fromthe members to speed up projects across the country."Help us get land, if we get land and the stategovernment's share of investment, we will be able to fast-track the projects," he said.He said the Katra-Banihal rail line in Jammu andKashmir would be completed by August 2022.Citing other achievements, Goyal said the Rai Barelirail coach factory would roll out a record 2,000 coaches thisyear.He added that the Indian Railways has traced problem ofwater-logging in 2,044 underpasses, out of the total 8,519 inthe country."We have solved the issue in 715 of the underpasses sofar and the rest would be rectified in the next few months,"Goyal said.He said that about 99.5 per cent work on bio-toilets wascomplete and the rest would be completed soon.Goyal said that in order to achieve zero carbonemissions, the Indian Railways plans to generate 20,000 megawatt of electricity through solar infrastructure, helping itmeet its entire supply requirement.Earlier, leader of opposition Ghulam Nabi Azad soughtqueries regarding the work on various railways projects inJammu and Kashmir.Participating in a discussion on the working of theMinistry of Railways, several members referred to the largenumber of vacancies in the railways and said these should befilled up, thereby providing job opportunities to the younggeneration.Binoy Viswam of the CPI said the railways has aroundthree lakh vacancies and these should be filled up.Opposing privatisation of trains and stations, he saidthe national transporter has "forgotten its social aspect andsocial commitment".V Vijayasai Reddy of the YSRCP said the railways now hasan operating ratio of 98.4 per cent, which is the worst inlast 10 years.Moreover, the railways' revenue surplus is also fallingand suggested that "priority should be given to augmentationof its internal resources."He also said that fatality due to accidents has declinedthis year and hygiene at railway station has improved.Sanjay Singh of the AAP said that employmentopportunities are being ignored by the railways. Thegovernment is increasing outsourced works in the railways,where contractual labourers are being exploited.Praful Patel of the NCP raised concerns over the delay inseveral railways projects and suggested that the governmentshould think of cost benefit analysis of major works.He, however, supported PPP model in the railways, saying"we should be open minded."Jose K Mani of the KCM said that the railway isoverloaded with work and several projects such as doubling ofline in Kerala are long delayed.Neeraj Shekhar of the BJP said the Opposition ismisguiding the people about performance of the railways.Indian Railways has performed well in last five years, hesaid.The railways has installed 2.38 lakh bio-toilets between2014 and 2018. It has a capital expenditure of over Rs onelakh crore, has done doubling of 28,000 km tracks.Highlighting the safety records, Shekhar said that it hasnot witnessed a single accident in last one year.Over the operating ratio, he said that it was due toimplementation of the Seventh Pay Commission by the governmentin the railways.Husain Dalwai of the Congress said that the revenue ofthe Indian Railways should be increased.Dalwai also raised the safety issue of the Mumbaisuburban trains, saying that according to GRP data, 3,202people died in 2016-17 and 3,014 in 2018-19. He asked therailways to enhance the security measures to reduce the highnumber of fatalities.R S Bharathi of the DMK said that the government shouldcomplete the second unit of the Integral Coach Factory (ICF)in Perambur.Manoj Kumar Jha of the RJD, Veer Singh of the BSP and V PVaishya of the AGP and K K Ragesh of CPI(M) raised concernsover the privatisation of the railways.Other members who participated in the discussion are G CChandrasekhar (Congress), Kahkashan Perween (JDU), JugalsinhMathurji Lokhandwala (BJP), Anil Desai (Shiv Sena), SatishChandra Dubey (BJP), Mir Mohammad Fayaz (Jammu and KashmirPeoples Democratic Party) and Ram Narain Dudi (BJP). KRH KKSMSS MBI NAMSMN SMN

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At least 10 top Indian companies are looking for CEOs — do you have what it takes?

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DMK MP expresses concern over decline in MSME sector's share in GDP

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No plan to privatise Indian Railways as it belongs to people:

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