Nomination forms for the post of Congress president poll have been collected by Thiruvananthapuram MP Shashi Tharoor and All India Congress Committee (AICC) treasurer Pawan Bansal, but Rajasthan Chief Minister Ashok Gehlot has not done so yet, the party's central election authority chairman Madhusudan Mistry said on Tuesday.
The last electoral contest for the top post of the party took place in 2000 when Jitendra Prasada had suffered a crushing defeat at the hands of Sonia Gandhi.
Amid suspense over who could take on Shashi Tharoor in the Congress president polls, party's central election authority chairman Madhusudan Mistry on Tuesday said AICC treasurer Pawan Kumar Bansal has got nomination forms collected, adding that it may be for someone else.
If Pranav Mistry has his way, people around the world can build their own wearable 'SixthSense' -- which uses a camera that understands human gestures -- at a cost of less than Rs 15,000 ($300) by obtaining the software he developed for free in the next few months.
This is largely on the back of Tata Steel's expansion at Kalinganagar, as well as JLR's in China and Brazil
Even as the near-term outlook for the quick service restaurant (QSR) industry remains muted, brokerages are positive about the prospects of Sapphire Foods India. Their preference for the QSR chain comes on the back of the steady performance of Kentucky Fried Chicken (KFC), superior execution and reasonable valuations. The Sapphire Foods stock is up 11 per cent since the start of November.
Fourteen per cent of the $16 billion invested by Ratan Tata in M&As abroad has been written off by his successor.
The Congress has appointed observers to coordinate meetings of its legislature party in four states where assembly election results will be declared on Sunday.
Ignoring controversies surrounding him over Adarsh housing scam, the Congress has decided to field ex-Maharashtra chief minister Ashok Chavan for the Lok Sabha polls and has fielded Madhusudan Mistry, a close aide of party vice president Rahul Gandhi to take on Narendra Modi in Vadodara. Anita Katyal reports
Indian Hotels, Tata Steel, Tata Teleservices, Tata Motors, Tata Power need some immediate attention of the Tata Group chairman
The Congress's central election authority has issued a directive that all AICC general secretaries, state in-charges, secretaries and joint secretaries would cast their vote in the party's presidential polls either at their home state or at the party headquarters in New Delhi and not in their assigned state.
Urban housing mortgage major HDFC announced that it will cut its lending rates by the end of the week.
'He was the most thoughtful corporate person I encountered.'
The 15-member committee has also recommended the imposition of a goods and service tax on financial services, and creation of a currency spot market and rupee-settled exchange traded currency derivatives market.
The merger of housing finance major HDFC with the country's largest private lender HDFC Bank will be effective from July 1, HDFC chairman Deepak Parekh said on Tuesday. The boards of HDFC and the private bank will meet on June 30 post to clear and approve the merger, Parekh told reporters in Mumbai. The merger of the corporation with HDFC Bank will be effective July 1, Parekh said.
Hindustan Unilever's Q3FY24 performance was lacklustre, with both sales and operating profit barely moving from the year-ago period due to price cuts and higher advertising costs. Besides weak demand, the FMCG (fast-moving consumer goods) major is facing increased competitive pressures, particularly from regional players, which, coupled with a slow recovery in rural markets, could put revenues under pressure going forward. Margins are expected to remain range-bound as benefits from falling raw material costs are expected to be neutralised by rising promotional budgets.
Days before US President Barack Obama's high-powered visit here, the US-India CEO Forum has been reconstituted with Cyrus Mistry replacing Ratan Tata as its co-chairman
A total of 20 forms were received during the nomination process. Four of them were rejected as signatures were repeated or did not match, he said.
Top businessmen often seek refuge in the animal kingdom to describe their situation
Ratan Tata was deeply involved in promoting a technology-oriented culture in the group
Mukesh Ambani has reclaimed the top position on the 2023 Forbes list of India's 100 Richest with a net worth of $92 billion. The fortune of infrastructure magnate Gautam Adani, who rose meteorically to overtake Ambani as India's richest person for the first time last year, has slipped to the second position. Adani's net worth, which includes that of his family, fell by a whopping $82 billion to $68 billion, after a report by US short-seller Hindenburg Research in January sent his group's shares tumbling.
Marking a generational change, Tata, who turns 75 tomorrow, will hand over the reins of the group to 44-year-old Cyrus Mistry, who was chosen his successor last year and formally appointed Chairman earlier this month.
'He wanted to learn all the time.'
'That she drove 20 km in 9 minutes is rubbish.'
India will lose up to $50 billion to $70 billion per annum in terms of financial and commodity trade services fees in the next 12-15 years, if it fails to open up its financial sector to competition.
The notification for the Congress president's election will be out on September 22 by when all the PCC delegates will be finalised and electoral roll published and the election, if required, will be held on October 17.
Senior Congress leader Shashi Tharoor has written to the party's central election authority chairman Madhusudan Mistry seeking the publication of electoral rolls for the upcoming election to the post of All India Congress Committee president, sources said.
Congress's Lok Sabha members Shashi Tharoor, Manish Tewari, Karti Chidambaram, Pradyut Bordoloi and Abdul Khaleque said this list must be made available in order to verify who is entitled to nominate a candidate and who is entitled to vote.
Filing of nominations for the post of Congress president is scheduled to begin on Saturday with a contest between Rajasthan Chief Minister Ashok Gehlot and former Union minister Shashi Tharoor on the cards.
They said that as Congress MPs, they are concerned about the transparency and fairness of the election process for the president of the party.
Sharma claimed he has received complaints that neither any virtual nor any physical meeting was held to finalise the electoral rolls, the sources said.
Congress observers for Rajasthan on Tuesday recommended disciplinary action against three key loyalists of Ashok Gehlot but did not seek any action against the chief minister, as the party scampered to resolve the crisis that has cast a shadow on the election of the party president.
Housing finance major HDFC on Monday reported a 16 per cent growth in standalone net profit to Rs 3,700 crore for the January-March quarter, helped by record loan sales on the back of benign interest rates and the resultant fall in cost of funds along with the near-total repayments that culled provisions and credit costs. For the full year, the company, which is working on a reverse merger with its banking subsidiary, has booked a net profit of Rs 13,742 crore, up from Rs 12,027 crore in FY21, vice-chairman and chief executive Keki Mistry said on Monday in an earnings call with analysts. On a consolidated basis, net profit for the quarter surged 21.6 per cent to Rs 6,892 crore on-year and for the full year it jumped 21 per cent to Rs 22,595 crore, Mistry said and guided towards better days.
Women have been and continue to be an integral part of Tata Global Beverages' business, across the world, says Cyrus Mistry.
Tharoor's campaign team has also raised 'serious issues' in the conduct of the election in Punjab and Telangana.
Tewari's consideration to contest comes amid the reports of several party top leaders being in the fray.
Sonia will likely be assisted by two vice presidents: Ashok Gehlot in charge of party affairs in north India with probably P Chidambaram doing likewise for south India.
Voting began on Monday in the Congress presidential polls as senior leaders Mallikarjun Kharge and Shashi Tharoor face-off for the post of All India Congress Committee (AICC) chief.
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