Two days after political commentator Pratap Bhanu Mehta resigned as a professor from the Ashoka University, his colleague, economist Arvind Subramanian, put in his papers on Thursday and faculty members wrote to the vice chancellor expressing their deep anguish.
Rakesh Jhunjhunwala-backed new airline Akasa is in talks with US aerospace company Boeing for buying up to 100 737 Max aircraft. Former Jet Airways CEO Vinay Dube and his family members are promoters while ex-IndiGo president Aditya Ghosh is a board member of the airline. The airline is in negotiation with Boeing and has reached out to the government to recertify the aircraft which has been grounded since 2018 after two crashes killing 349 persons, according to sources in the know.
BCCI feels that the ICC's 'delaying tactic' could severely hurt IPL preparations.
Half of the Japanese public think the 2020 Olympics will take place this summer, a survey by the Yomiuri daily newspaper showed on Monday, despite most people opposing holding the Games during the COVID-19 pandemic.
The talk of governance reforms at public-sector banks seems to remain on paper, as a majority of them continue to be working with just a handful board members. Half of the board seat at these banks have been vacant. Ten of the 12 public-sector banks, even large ones like Punjab National Bank, Canara Bank and Union Bank of India - all except State Bank of India (SBI) and Bank of Baroda - don't even have a chairman. In 2014, while splitting the post of chairman & managing director (CMD), the government had decided to appoint non-executive chairmen at these banks. SBI, which has an executive chairman and four managing directors, was an exception.
Leading exchange BSE on Wednesday asked Infosys to explain why it did not make a disclosure about a whistleblower complaint which alleged that the company's top executives were following "unethical practices" to shore up profits through irregular accounting ways.
Among the 36 new faces in Prime Minister Narendra Modi's council of ministers, eight are lawyers, four are doctors, two former IAS officers and four MBA degree holders, besides several engineers, making it an eclectic mix of professionals.
Leading media firms Zee Entertainment and Sony Pictures on Wednesday said they have received in-principle approval for a merger that will combine both companies' linear networks, digital assets, production operations and programme libraries.
IOC President Thomas Bach has said the Games would have to be scrapped if the event cannot be held next year but Takahashi said cancelling them would have major financial implications.
The Board of Control for Cricket in India secretary Jay Shah confirmed on Monday that the T20 World Cup, which was scheduled to held in India later this year, will be shifted to the United Arab Emirates due to the COVID-19 situation in the country.
On October 24, the NSE sought clarification from the IT major on the whistleblowers' allegations and why the company had not disclosed the same to the exchanges.
There is speculation that the 13th IPL, which was suspended indefinitely due to the COVID-19 pandemic, might be conducted in October-November if the T20 World Cup in Australia is postponed.
The ICICI board, which consists 12 members, is divided on whether Kochhar should be on leave during the internal enquiry
On Sunday the Ukrainian Tennis Federation urged the sport's governing body the International Tennis Federation (ITF) to immediately expel Russia and Belarus from the organisation and ban Russia from team and individual tournaments. Also, athletes from Ukraine and other nations have called on the International Olympic Committee (IOC) to suspend Russia and Belarus and ban their athletes from events immediately.
'I believe we have already missed the opportunity to cancel ... We have been cornered into a situation where we cannot even stop now. We are damned if we do, and damned if we do not.'
The 61-year old leader will take oath as the Chief Minister of Karnataka from Governor Thaawarchand Gehlot at the Raj Bhavan on Wednesday at 11 am.
This year's T20 World Cup will likely be held in Australia in 2022 as India doesn't want to swap its 2021 hosting rights with Cricket Australia as of now.
Infosys pointed out that it is not uncommon for plaintiffs' lawyers to issue press releases or other media communications asking potential plaintiffs to contact them in order to apply for lead plaintiff status in an existing lawsuit. In October, Infosys had informed the stock exchanges of having received anonymous whistleblower complaints alleging certain unethical practices by the top management.
The ICC Board of Directors meeting on Monday ended up being a damp squib after they failed to reach consensus over Shashank Manohar's replacement as the next chairman of cricket's global governing body.
The government on Tuesday extended for the third time the deadline for making payment under the direct tax dispute settlement scheme 'Vivad Se Vishwas' by three months to March 31, 2021. As per a Central Board of Direct Taxes (CBDT) notification, declaration under the Vivad se Vishwas Scheme shall be required to be furnished latest by December 31, 2020. However, only in respect of the said declarations made, the payment without additional amount can now be made up to March 31, 2021.
The whistle-blower's letter to Sebi said future disclosures on any wrongdoing could potentially not be exposed if Infosys is let off the hook now.
The winning bid attracted over 99 per cent votes, with lenders overwhelmingly voting for a revival instead of recovery through liquidation.
With this rejig, Mindtree's board will now have 12 board members from eight.
hashtag 'Mori, please resign' was trending on Twitter in Japan
Nandan Nilekani said one board member had received two anonymous complaints on September 30, 2019 - one dated September 20, 2019, titled 'Disturbing unethical practices' and an undated note with the title, 'Whistleblower Complaint'.
The faculty members have noted that Mehta's resignation is a "matter of great anguish".
An official close to the organising committee, who is involved in drafting the scenarios, said they have been asked to make a simulation in case of a postponement.
With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013.
Infosys said it is also "aware of a securities class action lawsuit" that has been filed against the company in a federal court in the US, based on the generalised allegations in the anonymous complaints. The company intends to defend itself vigorously in such a lawsuit.
The government should take steps to mandate that companies have at least two women board members, and at least one of them should be an independent director, in the next two years.
Professional sportpersons including Lewis Hamilton and Raheem Sterling have become leading voices in the anti-racism movement amid protests over the death of George Floyd, an unarmed black man in police custody in Minneapolis.
Tokyo Governor Yuriko Koike said on Thursday that organisers were looking at ways to simplify the Games.
South Africa bowler Dale Steyn was doing an #AskDale session on Twitter and a fan asked his thoughts on the upcoming tournament in Australia.
Some of the key faces for various posts will be former India skipper and Hyderabad Cricket Association president Mohammad Azharuddin, former India captain and Cricket Association of Bengal president Sourav Ganguly, former Test player and Karnataka nominee Brijesh Patel.
All these companies were provided loans by PNB as part of consortium lending.
US President Donald Trump said on Thursday officials should consider delaying the Tokyo 2020 Olympic Games for one year amid the coronavirus pandemic, saying the summer event would not be the same without spectators. The United States is one of the biggest participants in the Games, scheduled to begin in July and expected to be a major economic boost for Japan.
Free speech is the soul of a great university. By compromising on it, the founders have bartered away its soul, said Rajan.
Murthy said moral weakness and incompetence of the chairman of the board are the main reasons behind corporate scams.
Saudi Aramco chairman and head of the Kingdom's cash-rich wealth fund PIF Yasir Othman Al-Rumayyan will join the board of Reliance Industries Ltd as an independent director in a precursor to a $15 billion deal. Reliance chairman and Asia's richest man Mukesh Ambani, who had two years back disclosed the talks to sell a 20 per cent stake in the company's oil-to-chemical unit to Saudi Aramco, announced the appointment of Al-Rumayyan at the company's annual meeting of shareholders. Harvard educated Al-Rumayyan, 51, will replace Yogendra P Trivedi, 92, who has expressed a desire to retire, Ambani said. On the sale of a 20 per cent stake in the O2C business, he said the deal is likely to conclude this year.
The Pakistan Cricket Board (PCB) has said it would not support any move to reschedule this year's World T20 Cup to 2021 as it would hit the entire international calendar. A PCB official, ahead of the International Cricket Council meetings beginning on Thursday to discuss the fate of the World T20, said that Pakistan's stance will be to push for a wait and watch policy.
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