The International Cricket Council's (ICC) board has voted to pass a new financial model to reverse a 2014 decision which effectively put India, England and Australia in control of the game's finances and administration.
US market regulator Security and Exchange Commission and Sebi (Securities and Exchange Board of India) are not in favour of a joint investigation into the Satyam case, a top source said.
A group of up to eight international investors is mulling a bid for English Premier League club Chelsea, one of the investors has told Reuters.
He seems to have fallen from a higher floor of a hotel in Bangkok.
Talks of a possible merger or takeover will not have credence for a while
'The PCA framework was revised and tightened in April 2017, but there was no discussion in any board meeting. The government does not know the rationale behind revising the framework and how the RBI arrived at it. Similarly, there was no discussion in the board meeting on the revised NPA framework,' said an official.
Satyam Computer has approached the Company Law Board (CLB) to seek approval for acquisition of IT firm by Tech Mahindra.
What is the solution to problems like this? It is probably not more intrusive government regulation. Despite the noises being made in America blaming all finance-sector problems on a lax regulatory environment, it is not clear that more paperwork is the answer.
Manchester United's Rio Ferdinand was added to a commission set up by the English Football Association to improve the national team on Sunday after it was criticised by an FA board member for lacking diversity.
In spite of effecting a fee hike by 200 per cent, IIM-A is now running at a deficit of Rs 7-8 crore (Rs 70-80 million), against a corpus of Rs 170 crore (Rs 1.7 billion) in 2001. The institute had asked for a fund of Rs 54 crore from the government of which only Rs 2 crore (Rs 20 million) has been disbursed so far. Last year, IIM-A hiked fee for its flagship post graduate programme course by 200 per cent from Rs 5,50,000 to Rs 11 lakhs (Rs 1.1 million).
Infosys HR head T V Mohandas Pai says "senior politicians" cutting across party and geographies call Infosys' top brass to recommend their candidates. While obliging these politicians their candidates are made to go through internal tests and "are hired only if they clear and satisfy our requirements."
Shah Rukh Khan will take the August Kranti Express to Delhi.
Senior IPS officer Anil Kumar Sinha was on Tuesday night appointed the new CBI Director to succeed Ranjit Sinha who retired in a glare of controversy with the Supreme Court directing him to recuse from 2G spectrum scam case probe.
The company has been saying it would introduce the new car and it would be priced below Fabia, the range for which starts at around Rs 500,000. Other models of the company in India are Laura, Octavia and Superb.
Continuing its efforts to clean up the game, the Board of Control for Cricket in India on Sunday said it will put in place a Player Agent Accreditation System to ensure that those handling the cricketers' commercial interests are bound by a code of conduct.
After US, it is now Britain which is turning the taps off on perks for the chief executive officers and bankers, with Prime Minister Gordon Brown warning them that time was off on the current culture of "big bonuses"
India will brief the IAEA board of Governors on the safeguards agreement and other aspects of Indo-US nuclear deal tomorrow in Vienna ahead of the board's scheduled meeting on August one to reach a consensus on giving a waiver to India to do civilian nuclear trade.
The arrest of Nilesh Dasondi, noted community activist and Edison zoning board member, in an immigration scam involving his company, Cygate Software and Consulting, has shocked the community. Dasondi, 41, is charged with violations including visa fraud and conspiracy to commit visa fraud.They posed as software experts and were sponsored for H1-B visas by Cygate; in the event, they were running shops or doing other businesses, according to court papers.
The software major has plans to invest Rs 500 crore at Kolkata campus that will create employment for 5,000 professionals. The company is yet to get possession of 90 acres of land assured by the state government. West Bengal Chief Minister Buddhadeb Bhattacharjee on Thursday said that Infosys had shown apprehension about investing in the state following recent incidents in Singur where Trinamool Congress has been agitating against acquisition of farmland by the state governme
If the deal goes through, Snapdeal founders will get $60 million (cumulative), of which half will be given to employees.
Skoda India launched on Wednesday an exclusive showroom at Faridabad in the National Capital Region. Besides, to expand its product portfolio in the domestic market, the company would launch two new models next year, apart from introducing new variants of the existing cars.
United Arab Emirates company has bought Premier League club Manchester City, a local magazine reported on Monday. Abu Dhabi United Group for Development and Investment completed the deal late on Sunday, Arabian Business magazine reported, citing board member Sulaiman al-Fahim.
Hindi language dailies are the highest selling, at 22 million copies a day, followed by English at 8.55 million, Malayalam (4.55 million) and Marathi (4.33 million).
Sebi Chairman U K Sinha has often chastised listed companies for not having enough women on their boards.
Former ICC president Ehsan Mani said the governing body could lose credibility after the "disgraceful" treatment of outgoing chief executive Malcolm Speed. Mani became the latest critic of the ICC board, which has come under fire after Speed was placed on paid leave on Friday until the end of his contract in July after falling out with president Ray Mali and other board members.
Cricket Australia chairman Creagh O'Connor lauded the work of the former ICC CEO, who was placed on paid leave after falling out with several board members.
With its nominees on the board, Tata Sons will have the controlling stake of 51%.
German luxury carmaker BMW is evaluating over 100 component manufacturers in India to outsource engines and chassis for its global manufacturing operations, according to a board member. "We are impressed with the quality of die casts and forgings in India that we use for our global operations. The quality of products from second- and third-tier is impressive," said Ind Herbert Diess, who is on the BMW AG board.
The government has deferred the decision on fixing the Employees' Provident Fund (EPF) rate of interest for the current fiscal till the next meeting of the Employees' Provident Fund Organisation.
Buying LinkedIn means Microsoft will control the best-known network.
The Queen's Baton of the 2014 Glasgow Commonwealth Games was showcashed at the historic Qutub Minar as the QBR's India leg ended on the second day of its stop in New Delhi on Sunday.
"Their (Arcelor Mittal) management board member Malay Mukherjee was here in Ranchi. He said the company is satisfied with the development of the proposed steel project in Jharkhand," Chief Minister Madhu Koda told reporters in Ranchi. He was reacting to a query that steel tycoon L N Mittal reportedly expressed disappointment with his projects, both in Jharkhand and Orissa, last week.
The Directorate of Revenue Intelligence, the lead agency to check customs frauds and smuggling, has decided to post officers at India's Mission in New York (US), Singapore, Brussels (Belgium) and in Nepal's Birgunj.
Australia Olympian Ric Charlesworth's appointment as Technical Adviser/Director of the Indian Hockey Federation, under the IOC Solidarity Programme, will be announced in New Delhi on Friday by the FIH despite the Government of India not clearing it.
The entrepreneur is endlessly curious. He will not give you copybook answers. He is in constant search of all the things he can do better than others, says Bill McDermott.
Even as both Hewlett-Packard and EDS are yet to make a financial decision on whether to continue operating MphasiS as a fully-owned subsidiary in India, Deepak Patel, a key executive of MphasiS, has resigned from the company with immediate effect. Patel, who played the key role in the successful merger of MphasiS with EDS, was elevated as the MD and COO of the company in September 2006. Previously, he was VP (best shore strategic investments and businessfn development), EDS.
In a first of its kind massive cleanliness campaign, Railway Minister Sadananda Gowda will lead from the front by himself picking up the broom during the drive at rail premises on October 2 involving all its employees and top level officials.
The reason for choosing Rajdhani and Shatabdi trains first for paperless ticketing system is that all passengers of premier trains are likely to have mobile phones
The comments drew sharp criticism from netizens with some calling Facebook's Free Basics plan as Internet colonialism.
Disgraced long-time USA Gymnastics team doctor Larry Nassar was sentenced on Wednesday to 40 to 175 years in prison for molesting young female gymnasts, following days of wrenching testimony from about 160 of his victims, including Olympic medallists.
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