World

UAE President, VPs condole with Saudi King on passing of Prince Mansour bin Badr

Apr 28, 2024

Abu Dhabi [UAE], April 28: President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a cable of condolences to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia, expressing his sincere sympathies over the passing of Prince Mansour bin Badr bin Saud bin Abdulaziz Al Saud.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court sent similar cables of condolences.
Source: Emirates News Agency

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IIFL Securities Appoints Nemkumar as Managing Director

Mumbai (Maharashtra) [India], May 11: IIFL Securities Limited, a leading financial services house, today said that it has appointed Nemkumar H, whole-time director on the Board, as the Managing Director with effect from May 15, 2024 for a period of 5 years. R. Venkataraman is currently the Chairman and Managing Director of the company. His tenure as Managing Director is due to expire on May 14, 2024. Venkataraman has decided not to seek renewal of his term as Managing Director. However, Venkataraman shall continue as the Chairman & Non-Executive Director on the Board of the Company. The Board believes that the separation of the posts of Chairman and Managing Director is better aligned with good corporate governance standards.

May 11, 2024