Microsoft Corp said on Friday that Chief Executive Officer Steve Ballmer would retire within the next 12 months, once it has selected a successor, sending its shares up almost 9 per cent.
Partners for these JVs have been shortlisted among global contenders, he said, adding that they would be among world leaders in the respective product.
In a major initiative to bring transparency and speed up decisions on tenders, Railway Minister Suresh Prabhu has dissociated himself from the process and empowered zonal railways and heads of production units to finalise them.
The bickering within the Delhi and District Cricket Association over the Ferozeshah Kotla pitch fiasco took an ugly turn on Tuesday with board member Kirti Azad storming out of the body's annual general meeting, claiming he was insulted for raising the issue.
Afghanistan and Ireland have been approved as Full Members by the ICC.
Tension prevailed in the old city area here when members of two groups engaged in brick-batting and arson during a religious procession, the police said on Wednesday.
Volkswagen will start firing people responsible for rigging US emissions tests and shake up management on Friday,
Co-founder Nilekani could take the role of non-executive chairman, becoming a bridge between the board and Murthy, reports Ayan Pramanik.
S Ramadorai, vice-chairman of Tata Consultancy Services (TCS), is set to become non-executive chairman of the Bombay Stock Exchange (BSE) following the exit of Jagdish Capoor last week on health grounds.Ramadorai will join BSE board on Monday and assume the role of chairman later.
Facebook Inc founder and CEO Mark Zuckerberg will sell 41.4 million shares worth about $2.3 billion to pay a tax bill, as part of an offering by the social network of 70 million Class A common shares.
Legal experts fear such shareholder activism could turn into a class-action suit against Infosys
The Shakti Bhatt Foundation announces the 2009 Shakti Bhatt First Book Prize shortlist:
The government on Wednesday said it will not relook at the investigations handled by arrested Company Law Board member R Vasudevan, when he was heading the inspection department of the ministry of corporate affairs.
The woman was part of a group of protesters and had declared that she wouldn't come down until "all the children are released.
The sub-4 metre sedan will be available with both petrol and diesel engines.
At a time when speculation was rife about its course after the organisational rejig last week, Infosys on Friday validated the changes, exuding strong faith in its leadership pipeline and gave a clear signal that the company was unperturbed by the slew of senior exits in the recent past.
Dr Gupta handled Shivade's blows with quite some equanimity... So it was often only Shivade down in the mud pit, egging and enticing the doctor to join the fight, while Dr Gupta cautiously kept to the sidelines, barely stepping a toe into the mud.
The advisory board formed to consider the plea of Nalini, a life convict in the Rajiv Gandhi assassination case, will submit its report to the Tamil Nadu government in a few days. The government constituted board, headed by District Collector C Rajendran, had met for over three hours on Wednesday and heard Nalini on her plea at the Vellore women's prison, where she is lodged. The meeting went on till late in the night.
The new Indian American Republican Council chairman Dino Teppara and its long-time board member and strategist Suhail Khan -- a former senior Bush Administration official -- contacted by India Abroad / rediff.com for a reaction to the garrulous conservative talk show host Rush Limbaugh, who insulted Indian workers who undertake outsourced jobs by American companies as 'slumdogs,' issued a carefully worded, restrained and cautious statement.
AI's chairman and managing director, Arvind Jadhav, and the ministry's joint secretary and airline board member Prashant Sukul, along with other senior officials, met half the unions today in Delhi. The meeting will continue on Friday and they will also meet the rest of the 14 unions.
Former chief minister of West Bengal and Communist Party of India-Marxist patriarch Jyoti Basu continued to remain in a critical condition on Monday with doctors attending on him saying that lack of any improvement in his health was 'not a good sign.'
Railways is looking at similar light weight type trains for speedy run on the existing network
In an escalation of their confrontation, the ICC on Monday disclosed that it has refused to bail out the BCCI in its tussle with the Supreme Court-appointed Lodha Committee over implementing the reforms. ICC Chief Executive Dave Richardson said the BCCI had sought a letter from the world body, stating that it will disaffiliate the Indian Board if there is governmental interference as a shield against the implementation of Lodha Committee reforms.
'Today, according to the law, you can't even claim legal expenses when fighting a case as a non-executive director unless you are acquitted. Given how high legal expenses are, that alone is enough to scare anyone away.'
As a board member, he will help USIBC provide strategic direction to US and Indian firms seeking bilateral investment opportunities and partnerships.
Sanskaari censor board makes a comeback... Three biggies come together for a sports pic...
The government has decided to make all former Satyam Computer Services top executives and board members, including the independent directors, answerable for the fraud in the company on grounds that they "attempted to enrich themselves unjustifiably at the cost of the company and its stakeholders".
If the government is asking a maximum price for Air India but asks to keep old personnel, it will not match.
"We have to improve the institutional framework of companies... (and) need to give more powers and authority to independent directors. Also, the regulations should be enforced much faster," said Infy board member T V Mohandas Pai. Noting that the Satyam case is an aberration and unlikely to affect the domestic IT industry, Pai said the law needs to be amended to ensure that auditing standards are enforceable.
In FY16, Infosys had 48 employees in India who were paid more than Rs 1 crore in annual compensation, as compared to 111 in FY15.
District authorities have filed a case against 10 political and community leaders including ex Bahujan Samaj Party MP Kadir Rana and former Uttar Pradesh minister Saeeduzama of Congress for allegedly making inflammatory speeches.
Former Board of Control for Cricket in India president Narayanswami Srinivasan is facing fresh trouble after reports emerged that he hired a London-based firm to spy on other Board members, it was reported on Sunday.
Mango is a UK-registered charity and the partnership is across Barclays GRCB's emerging market entities.
The cacophony of uninformed voices should not impact decision making process of bank executives.
Microsoft Corporation on Tuesday announced that its Board of Directors has appointed Satya Nadella as Chief Executive Officer and member of the Board of Directors effective immediately.
Johri presented a proposed FTP that has 81 international matches at home in the next five-year cycle, including 27 T20s.
The terror attacks in Mumbai on Wednesday night have forced the inaugural Twenty20 Champions League, scheduled to be played in Mumbai, Bangalore and Chennai from December 3 to 10, to be postponed. The decision was taken on Thursday afternoon by the Governing Council of the Champions League 2020 after consultations among the three founding board members of the tournament -- the Board of Control for Cricket in India, Cricket Australia and Cricket South Africa.
Formal announcement of venture into new segment on Thursday; group's entry timely, given the demand, say experts
A source close to the development pointed out that, with the newly-appointed Minister of Corporate Affairs Salman Khurshid publicly stating that Tech Mahindra would have to deal with the excess employee issue with 'sensitivity', this is one point that will surely be discussed.
As the company's financial accounts were in question, complexities have cropped up in arranging the induction of a new investor. Though the intent was to progress in a swift manner, the board was of the view that the intricacies of diligence and need for the confidentiality of the bidders would need due consideration. Thus, it was likely to take another six to eight weeks to know who would be the strategic investor in the company.
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