Jacob Mathew, executive editor of the Malayala Manorama Group of Publications, has been unanimously elected to be the president of WAN-IFRA at its annual general meeting in Dublin, Ireland.
US e-commerce giant Amazon has written to the independent directors of Future Retail Limited (FRL), including Gagan Singh, Ravindra Dhariwal and Jacob Mathew, and its audit committee, providing data and alleging that there have been significant financial irregularities to the prejudice of public shareholders, banks, creditors, and third-party suppliers. Amazon has said this warrants a thorough and independent examination of all relevant facts and related-party transactions, including of past financial years, by an independent agency. Separately, Amazon has written to Securities and Exchange Board of India Chairman Ajay Tyagi, seeking the withdrawal of the regulator's conditional approval granted to FRL related to the merger deal between the Future group and Reliance.
Favouring self-regulation by media, Prime Minister Manmohan Singh on Wednesday said some aberrations had crept into the "fiercely independent" journalism and it should itself find ways to remove them.
Vistara'a launch, the steel plant at Kalinganagar and e-commerce venture are the ones most awaited for
In the domestic market, the Tata Group has lost ground in the passenger car business.
Fourteen per cent of the $16 billion invested by Ratan Tata in M&As abroad has been written off by his successor.
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