Mukesh Ambani-controlled Reliance Industries Ltd will hold its annual general meeting on August 3, in which the company's plans following the settlement of ownership of Reliance empire may come up for discussion.
The Cricket Association of Bengal (CAB) president Sourav Ganguly today told the members that the body cannot hold its AGM, scheduled later this month, due to lack of clarity on Lodha committee recommendations.
In what is expected to be a smooth and routine AGM in Mumbai on Thursday, the Board of Control for Cricket in India (BCCI) is all set to revamp its senior selection committee by making at least four changes in the five-man panel following the completion of their term.
All eyes will be on BCCI secretary Jay Shah during the four-day ICC Annual Conference in Colombo, starting on Friday, where there might be serious discussions about when he will take over from New Zealander Greg Barclay as the chairman of the global body.
After two postponements, Hockey India has finally set the ball rolling for its much-awaited elections by issuing notices to affiliated state units to nominate two members by Thursday for its February 7 Annual General Meeting.
Stepping up the company's AI and cloud play, Reliance Industries chairman Mukesh Ambani on Thursday announced that Jio users will get up to 100 GB of free cloud storage to securely store and access their photos, videos, documents, digital content and data. Addressing the 47th AGM of RIL, Ambani said the Jio AI-Cloud Welcome offer will be launched during the upcoming Diwali, which would bring a "powerful and affordable solution where cloud data storage and data-powered AI services are available to everyone, everywhere". "Jio users will get up to 100 GB of free cloud storage to securely store and access all their photos, videos, documents, all other digital content, and data.
The chairman of the International Boxing Association (AIBA) ad-hoc committee Kishan Narsi has reiterated in an e-mail communication that Boxing India stands provisionally suspended after the derecognised national body in a notification had scheduled its Annual General Meeting in Guwahati on October 3.
The Kolkata High Court appointed two more observers in addition to Suhas Chandra Sen for the BCCI election.
The Supreme Court cleared the adjourned AGM of BCCI at Kolkata for it to be held before November 30
The main interest ahead of the AGM is focused on incumbent president K P S Gill's possible bid for another term.
Unlike AI uses for consumers, the next generation technology for enterprises will unfold over several years and the biggest challenge is to unleash AI for next wave of productivity for businesses, Infosys chairman Nandan M Nilekani said on Wednesday. While speaking at 43rd annual general meeting (AGM) of Infosys, Nilekani said the initial AI doomerism has quietened down and people have accepted that, like any other general-purpose technology -- electricity, nuclear energy, the internet etc, gen AI (generative artificial intelligence) has enormous potential for good when advanced within the guardrails of responsibility.
The Annual General Meeting of the BCCI which was scheduled to be held on September 27 in Kolkata has been indefinitely postponed as the parent body awaits Supreme Court verdict on whether former president N Srinivasan can be allowed to attend meetings.
President-elect Ranbir Singh Mahendra said the AGM had to be adjourned as it could not complete its business because of a stay order passed by a Chennai court.
Jagmohan Dalmiya, who will be going for his third term, is unlikely to face any challenge.
Shareholders of industry giants Adani Enterprises, Reliance Industries, and Tata Motors - the latter two are part of the Sensex - will decide on combined related-party transactions of more than Rs 2.68 trillion proposed for this financial year and later. Related-party transactions for BSE 500 companies touched at least a six-year high of Rs 42.1 trillion in FY23, the Capitaline data shows. The Rs 42.1 trillion includes related-party transactions both at balance-sheet and profit-and-loss levels.
The government is proposing to ban distribution of gifts and food coupons at the Annual General Meetings of companies, as these activities distract shareholders from serious business.
In a significant move, Mumbai Cricket Association's president Sharad Pawar has decided to attend the Board of Control for Cricket in India's Annual General Meeting, scheduled to be held in Chennai on November 20, after a gap of four years.
Edtech major Byju's is in process to raise Rs 600-700 crore to fund the company's operations till March by when it expects to realise money through the sale of Epic and partial stake sale in other subsidiaries, according to sources aware of the development. Byju's founder Byju Raveendran has recently raised money by mortgaging home and real estate assets owned by family members for paying salaries, sources said. "There is about Rs 50 crore gap per month in operational expenses where a large component is salary.
Defying the ban imposed by the International Olympic Committee, the IOA today went ahead with its Annual General Meeting and elections, insisting that it had not done anything wrong.
With investors asking for a change in the board structure at Byju's, the edtech giant's founder and chief executive officer (CEO), Byju Raveendran, is now asking them to put $300 million into the company for more control. The company has rung up $5.8 billion from investors such as General Atlantic, Sofina, the Qatar Investment Authority, Sumeru Ventures, Vitruvian Partners, BlackRock, Chan Zuckerberg Initiative, Sequoia, Silver Lake, Bond Capital, Tencent, and Tiger Global.
RIL is also set to file its tariff plans, which will mark the company's intent to commercialise Jio's operations, with the regulator this week
Shareholders were upset with RIL's increasing focus on non-core areas and its reluctance to pay dividends
Cricket South Africa (CSA) has decided not to comment on India's scheduled tour to South Africa until BCCI's Annual General Meeting takes place on September 29.
The Board of Control for Cricket in India will hold it's Annual General Meeting on September 21 as per its existing constitution and is expected to wait for the Review petition verdict before getting into the implementation phase of the Lodha Committee Reforms.
The country's leading cement maker UltraTech on Thursday said it will acquire a 23 per cent stake in its Chennai-based rival India Cements Ltd, in a deal estimated to be around Rs 1,885 crore. As part of the transaction, UltraTech Cement will acquire 7.06 crores equity shares of India Cements at a price of up to Rs 267 per share, according to a regulatory filing from the Aditya Birla Group flagship firm.
Reliance Industries' annual general meeting on Friday will be unique in many ways. It's the first AGM after the Supreme Court judgment on K-G gas, the first after the truce between Mukesh and Anil Ambani and the first after the company's big-bang return to telecom.
Reliance Industries Ltd said on Friday it will consider declaring a dividend at its AGM to be held on June 27.
Megha Engineering had emerged as the second-biggest buyer of electoral bonds and donated the highest amount of about Rs 586 crore to the Bharatiya Janata Party, according to the data released by the Election Commission on March 21.
Reliance Industries (RIL's) annual report released on Sunday highlighted the company's focus on new energy solutions, with chairman and managing director (MD) Mukesh Ambani stating that the age of fossil fuels will not continue much longer. RIL has sought shareholders' approval to give Ambani another five-year term as MD till 2029 at nil salary. The recently demerged Jio Financial Services, which "will leverage the prowess of digital and retail businesses", was expected to be listed soon.
The Mumbai Cricket Association's inquiry into allegations of 405 unsold tickets during the 2011 World Cup was declared closed after it was dismissed at its annual general meeting on Friday.
The all-powerful working committee of the Board of Control for Cricket in India retained former India all-rounder Ravi Shastri as Director of the Indian cricket team till next year's ICC World Cup while deciding to hold its Annual General Meeting in Chennai on November 20.
Sridhar Kalyanasundaram, an independent director of private sector lender Dhanlaxmi Bank, has resigned from the board with effect from September 16. In his resignation letter, Kalyanasundaram has raised issues like factionalism in the board, his differences regarding rights issue and the alleged 'lack of in depth banking knowledge' in other members. This comes after Ravindran Pillai, head of RP Group, who holds 9.99 per cent stake in the bank (largest shareholder), came out with a special notice for removal of Kalyanasundaram.
Former Board of Control for Cricket in India president Narayanswami Srinivasan tendered unconditional apology in the Supreme court for presiding over the Board's working committee meeting in Chennai on February 8.
'India has expressed interest to host the 2036 Olympics and 2030 Youth Olympics'
FMCG major Hindustan Unilever on Wednesday reported a 1.53 per cent decline in consolidated net profit to Rs 2,561 crore for the fourth quarter ended March 31, 2024 due to factors such as deflation and softening of commodity prices. The company had posted a net profit of Rs 2,601 crore in the year-ago period, according to a regulatory filing from HUL. Net sales of Hindustan Unilever Ltd (HUL) were almost flat to Rs 15,013 crore in the March quarter.
In a multi-city protest on Monday, a large number of company secretaries (CS) and chartered accountants (CAs) came together to seek extension of the deadline for annual filing due to glitches in the ministry of corporate affairs (MCA) portal. According to the Companies Act, firms are supposed to submit Form AOC 4 for filing of the balance sheet within 30 days of holding the annual general meeting (AGM). This deadline was over on October 29.
The 34th annual general meeting (AGM) of IT major Infosys held Monday was an exceptional one.
'They have since only tried to improve systems. Also, with regulatory guidance from time to time, we are in a position to assess a situation and react in time.'
As a follow-up to the views expressed by Shashank Manohar soon after being re-elected as BCCI president earlier this month, the Board of Control for Cricket in India is all set to appoint an Ombudsman at its Annual General Meeting which will be held at its headquarters in Mumbai on November 9.
