Flamboyant all-rounder Shahid Afridi was, on Tuesday, named Pakistan's new Twenty20 captain until the 2016 World T20, and Misbah ul Haq retained Test and ODI skipper until the 2015 50-over World Cup.
Satyam Computer has 10,000 excess employees, its new owner Tech Mahindra said on Friday.
Cases of man-made obstructions were discovered at Malda and Dhanbad divisions by alert railway staff in time, thereby averting major derailments
Paving the way for takeover of crisis-ridden Satyam by Tech Mahindra, the Company Law Board allowed the new owners to appoint Vineet Nayyar, C P Gurnani, Sanjay Kalra and Ulhas N Yargon on the board.
Tata Sons said dividend from 40-odd Tata Group firms had declined during Mistry's tenure while expenses had risen
To present revival plan to board; Naik meets PMO official.
In a surprise decision, the Board of Control for Cricket in India (BCCI) on Wednesday agreed to lift ban on players associated with the rebel Indian Cricket League (ICL) if they severed their links with the Subhash Chandra-owned League. BCCI president Shashank Manohar said the decision was taken after some ICL players and their support staff met the Board members and admitted committing mistake by joining the ICL.
It's not a failure, but purposeful cheating. Thereby, it is a criminal breach of trust, which can attract punishment under the Indian Penal Code (IPC).
Seshasayee has been an independent director on the company's board since January 2011.
Summary of sports events and persons who made news on Tuesday
A source said Mills was leaving the airline as he was not getting operational freedom to run the organisation.
Nisbet would be succeeded by Nazir Patel effective from October 1. Nisbet has been part of the telecom company for 14 years.
'Trust your new governor,' Omkar Goswami advises RBI Deputy Governor Viral Acharya. 'Just because he is from the IAS and doesn't carry a PhD from a US university does not make him unsuitable for the task.' 'If anything, Das will pour oil on troubled waters, and save the RBI's reputation.'
'The Jalan Committee has now provided very clear guidelines on how the (RBI's) balance sheet should be looked at, what kind of disclosures should be made, what are the principles on which the Contingency Risk Buffer should be maintained, what should be the revaluation reserves, and the market risk to the Contingency Risk Buffer.'
Shalu was arrested early this month on a complaint by one Rafique Ali who claimed she had accompanied scam accused Biju Radhakrishnan when he collected Rs 20 lakh from him.
The appointment of Agarwal, who would replace Dr K Ramalingam, has been approved by the Appointments Committee of the Union Cabinet, official sources said.Agarwal has been member (Planning) of the state-owned airports body since November 2006 and had served as executive director of the Northern and Northeastern Region earlier.
Amrit Kaur, a Sikh woman, has been elected as the president of the InterFaith Conference of Metropolitan Washington, an organisation which represents 11 world religions.
'It would be a bit ridiculous that 20 years depends on one game and that the future of the club depends on one game'
Ending weeks of uncertainty, the International Cricket Council on Thursday announced that Pakistan remain hosts for next month's Champions Trophy despite security apprehensions. After the ICC Board members held a teleconference, Pakistan Cricket Board chairman Nasim Ashraf told a news conference that the tournament will be staged in Pakistan as scheduled following a consensus decision by all members of the board.
Top Indian industrialist Ratan Tata has returned as a board member of East West Centre, a prominent American think tank.
The majority of the International Cricket Council's Board members on Saturday voted in favour of restructured revenue sharing model including rollback of the Big 3 formula despite vehement opposition from Board of Control for Cricket in India's representative Vikram Limaye.
Eminent banker and Satyam board member Deepak Parekh on Wednesday said that the execution of strategies remains a challenge for Indian companies in the current market condition.
Satyam has initiated discussion with a host of banks and institutional investors to get funds to keep its business afloat and has pledged some of its receivables to secure funding, Parekh told reporters in Mumbai on Wednesday. Satyam's new board will meet on Thursday and the day after to discuss issues including appointments of top executives and ways to raise funds, Parekh said.
Sources said GMR could be the first major Indian corporate to engage multiple auditors. GMR will also rotate the auditors at periodic intervals. The length of the rotation period shall be decided by the company board, based on the recommendation of the audit committee. GMR will also employ the services of reputed audit firms for specific assignments of audit as may be decided by the company's board from time to time on the recommendation of the audit committee.
A day before the second meeting of the new Satyam Computer Services board, newly-appointed director Tarun Das said the priority of the six-member team would be to protect the interest of employees, customers and investors.
The two firms, however, cannot be termed as auditors of Satyam as the appointment of an auditor can be done only after securing the company's shareholders' consent. Sleuths investigating the Satyam fiasco on Tuesday conducted raids at the Hyderabad office of PriceWaterhouseCoopers, Satyam's auditing firm, and are understood to have recovered several crucial documents.
Australia fast bowler Mitchell Starc hinted at a players' strike for the upcoming Ashes, the lucrative five-Test series against England which starts in November.
Pakistan's cricket authorities will brief the International Cricket Council about its security plan for the 2011 World Cup at the ICC Executive Board meeting in Dubai this weekend to retain its hosting rights for the mega event.
These women are building billion-dollar brands, calling the shots in the financial markets, and crisscrossing the globe to broker international agreements and provide aid, the magazine noted
Breaking his silence on the embarrassing developments over the last two weeks, Raju said in an open letter to employees that 'please be assured that the Board and the leadership team are doing everything that's possible to get Satyam back on track'.
"The year 2009-10 imposes greater challenges", Railway Board chairman S S Khurana said. The railways get bulk of revenue from the freight traffic, which was impacted by the slowdown in the Indian economy on global financial concerns.
The Supreme Court on Friday adjourned the hearing regarding the Justice (Retd.) R.M Lodha-led committee's recommendations and the Board of Control for Cricket in India's (BCCI) constant reluctance to accept all recommendations till December 14.
The newly appointed (by the government) board members, O P Vaish and Ved Jain, said the company and its lenders were expected to reach an agreement in this regard by March 25. The board met in Hyderabad under the chairmanship of Vaish and sought information on the state of the company and the various projects it was implementing and negotiating. Vice-Chairman B Teja Raju and Additional Director B Narasimha Rao were present.
Crisis-ridden retail chain Subhiksha on Thursday said it will explore options to induct more independent directors into the company's board.
Within hours of Company Law Board orders, the government on Thursday appointed its nominees on the boards of Maytas Infra and Maytas Properties, the companies promoted by the kin of disgraced founder of the Satyam Computer Services B Ramalinga Raju.
Japanese car giant Suzuki launched its fifth global small car Alto at the Geneva Motor Show on Wednesday. The car will be imported from its manufacturing base in India.
The Indian Cricket League (ICL) rubbished Mohammad Asif's claim that he was approached by the 'rebel' league with a mouth-watering offer and said the disgraced Pakistani pacer first has to come out clean from all doping charges. ICL executive board member and tournament director, Kiran More said they have no intentions of signing up the dope-tainted pacer.
If indeed we want the board to manage the RBI, probably the government should take a close look at the US Federal Reserve system which has a two-part structure - a central authority in Washington, DC, and a decentralised network of 12 Federal Reserve Banks located throughout the country, says Tamal Bandyopadhyay.
BSE chief operating officer Mahesh L Soneji would be looking after the interests of the exchange till a new appointment is made.
NRI billionaire Lakshmi Niwas Mittal, along with his son Aditya and daughter Vanisha, will see a 15 per cent decline in salaries for their roles at ArcelorMittal, as the steel maker's top brass takes a pay cut in an added effort to contain cost this fiscal.
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