However, he will continue to hold 32,500 shares, 0.02 per cent of the paid-up capital, as an individual shareholder
The Confederation of Indian Industry on Thursday elected Sunil Kant Munjal and Y C Deveshwar as the president and vice president, respectively, for 2004-05.
Now standing on one foot, Hero MotoCorp has to decide if it wants to play offence or defence.
Hero Corporate Service Ltd chairman Sunil Kant Munjal said the foray is a part of the company's plan to 'unlock opportunities and deliver value' in the country's booming service sector.
"We are disengaging from the joint venture, but the project (to manufacture CVs) will continue to exist and be run by Daimler. The reason for the move is the current economic slowdown and we will not like to commit such big investment in these circumstances," said Sunil Kant Munjal, chairman, Hero Corporate Services.
The Confederation of Indian Industry and its Lao counterpart have agreed to cooperate in industrial and technological advancement, exchange professional experience and information about economic and commercial matters of the two countries.
Indian businessmen on the forum would also include Baba Kalyani of Bharat Forge, Sunil Kant Munjal of Hero Honda, Nandan Nilekani of Infosys, Vikram Kirloskar of Toyota Kirloskar and Deepak Parekh of HDFC.
The government on Tuesday asked the industry to make its stance clear on the issue of reservations in private sector.
Confederation of Indian Industry on Thursday cautioned that agricultural growth could be negative two per cent, which in turn will pull down gross domestic product growth in 2004-05 if the monsoon continues to play truant for the next two weeks.
A 14-member CEOs' delegation, led by Sunil Kant Munjal, President, CII, will embark on a mission to the UK from June 29 to July 1.
Industry watchers attribute a lot of the current successes of the $6 billion Hero Group to how B M Munjal planned and executed succession in HeroCorp, balancing the interests of other family-owned businesses.
Hero MotoCorp's promoter Pawan Munjal emerged as the highest paid director.
Sitharaman said the government wants to sell stake in public sector companies at a time when it fetches the right price.
De Niro is in India for Tehelka's Think Festival in Goa, which begins later this week. This is the actor's first visit to India.
Fortis Healthcare has already received binding offers from four entities - KKR-backed Radiant Life Care, IHH Healthcare, Manipal/TPG consortium, and Munjal and Burman family offices.
India Inc on Saturday cheered the road map for lowering corporate taxation.
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Business leaders met Manmohan Singh to discuss the problems facing the country.
India granted the MFN status to Pakistan in 1996
B M Munjal positioned motorcycles as more fuel efficient than scooters, which struck a chord with the cost-conscious Indian buyers.
According to Munjal, there is an opportunity for somebody who comes from a not for profit background in health care to do something.
Media tycoon Kalanithi Maran and his wife Kavery Kalanithi have retained the top two slots among the highly paid executives in the country.
Industry is displeased over the failure of the National Manufacturing Policy, which has failed to invite any sizeable investment since it was launched more than two years ago.
Right marketing and product strategy have helped Falguni Nayar build a beauty retail business.
The analysis covers BSE 200 Index's 171 companies for which data on the compensation to the boards of directors for FY14 and FY13 are available.
For teams that work on projects to make art, culture and travel accessible to the differently-abled, the experience of seeing faces light up is reward in itself.
Happy at the clear mandate given by voters to the BJP-led NDA, India Inc on Friday exuded confidence that Narendra Modi will initiate bold and decisive policy reforms to promote economic growth.
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