'All of us tend to believe that they are so well paid, why should we bother about their payments.' 'But who all are well paid? Only a handful, maybe 3-4 of them, who go in for endorsements and things.' 'The others are struggling, playing Ranji Trophy and other matches, so that compensation we made it market-oriented.'
Ganguly said the details will be worked out in the upcoming Annual General Meeting
The RBI on Thursday filed an application for initiation of Corporate Insolvency Resolution Process (CIRP) against debt-ridden Reliance Capital at the Mumbai bench of the National Company Law Tribunal. The Reserve Bank had on November 29 superseded the board of Anil Ambani-promoted Reliance Capital Ltd (RCL) in view of payment defaults and serious governance issues. The central bank had also appointed Nageswar Rao Y (former executive director, Bank of Maharashtra) as the administrator of the company.
The RBI said the board has been superseded "in view of the defaults by RCL in meeting the various payment obligations to its creditors and serious governance concerns which the Board has not been able to address effectively". It has also appointed Nageswar Rao Y (ex-executive director, Bank of Maharashtra) as the administrator of the NBFC.
However, the cricket Board's ruling combine threatened to move court against the decision of the observers.
The bickering within the Delhi and District Cricket Association over the Ferozeshah Kotla pitch fiasco took an ugly turn on Tuesday with board member Kirti Azad storming out of the body's annual general meeting, claiming he was insulted for raising the issue.
The 76kg category had eight wrestlers while the 68kg class featured nine wrestlers, where minnows like Bangladesh, Mauritius, Cameroon, Tonga and New Zealand were part of the field.
The unfinished AGM will be held in Kolkata to enable newly-elected office-bearers take over.
Ganguly addressed a press conference after the Board's 88th Annual General Meeting (AGM).
The current operating environment remains highly volatile and persistent inflation will likely impact demand across categories, Tata Consumer Products Ltd chairman N Chandrasekaran said on Monday. To navigate through these "short-term bumps" in this uncertain environment, the company will focus on strong execution, maintaining agility and nimbleness," he said while addressing shareholders at the annual general meeting (AGM). "Geo-Political tensions, supply chain challenges, and demand-supply mismatches in crude and several other commodities are driving persistent inflation, which will likely impact demand across categories.
The fate of India's upcoming tour of South Africa amid the trepidation triggered by new COVID-19 variant Omicron will be addressed when the Board of Control for Cricket in India holds its 90th Annual General Meeting in Kolkata on Saturday.
As per ICC norm, the host nation is required to get tax exemption from the government for hosting tournaments organised by the global body. Since India's tax rules don't allow such exemptions, the BCCI has already lost close to Rs 193 crore as the government didn't exempt tax surcharge for hosting the 2016 ICC T20 World Cup. The ICC is expecting US$ 533.29 million (Rs 4400 crores approx) from the broadcasting revenue of the 2023 event in India.
Shah in his letter spoke about how difficult it was to plan out the domestic calendar for the season in the post COVID world.
NTPC was the top gainer in the Sensex pack, rallying around 4 per cent, followed by Titan, SBI, HUL, IndusInd Bank and UltraTech Cement. NSE Nifty advanced 63.15 points to 15,746.50.
Connor's nomination was announced by her predecessor, Sri Lankan legend Kumar Sangakkara, at the Annual General Meeting last year but she had to wait for a year to take charge due to COVID-19.
'We don't know when the BJP tried to induct Sourav Ganguly into the party. Sourav Ganguly is a cricketing legend. Some people are now shedding crocodile tears about the changes in BCCI. Did they have any role when he took over as BCCI president? The TMC should stop politicising every issue.'
In the 38-page report, across 10 chapters, RIL explained how it entered the exploration and production business; the history of the New Exploration and Licensing Policy and the introduction of production-sharing contracts.
At the 45th Annual General Meeting of Reliance Industries (RIL) in August, chairman and managing director (CMD) Mukesh Ambani described the company as an "unputdownable book" with never-ending chapters of success. "Reliance grew from strength to strength because we internalised the founder's mindset of purpose, philosophy and passion," he said. Wednesday marked the 90th birth anniversary of RIL founder Dhirubhai Ambani.
Reliance's big-bang entry across the solar ecosystem will cut dependence on Chinese imports drastically. And Ambani's repeated emphasis that RIL's new energy foray will be 'a truly global business' points that his group is playing not just for a share of the Indian pie but to be the OEM in the larger 5,000 GW global market by 2030, points out Shailesh Dobhal.
MotoGP, the pinnacle of two-wheel racing, could come to India in the winter of 2023 if all goes ahead as planned, providing a massive boost to the stagnant motorsport scene in the country.
Pakistan women cricket team's head coach New Zealander Mark Coles has resigned on Thursday, months before the ICC World T20 in Australia.
Anil dared the oil ministry to cancel the production sharing contract with RIL if it was really aggrieved and not challenge third party agreements.
Sourav Ganguly is set to be replaced as BCCI president by 1983 World Cup winning-team member Roger Binny.
Reliance announced energy asset sales worth around $ 16 billion; end of the investment cycle in telecom; bringing net-debt to zero in 18 months; value-unlocking options for real estate and financial assets; listing of telecom and retail in five years; and focus on dividends.
The Madhya Pradesh Cricket Association on Monday held its Annual General Meeting as per schedule but did not conduct its election as per instructions from the Supreme Court appointed Justice Rajendra-Mal Lodha panel.
The latest Supreme Court directive is a shot in the arm for Tamil Nadu as Narayanswami Srinivasan, despite being disqualified as per Lodha norms, will remain relevant in the BCCI power game.
Videocon International Ltd has informed BSE that the Registrar of Companies- Maharshtra, Mumbai has granted the extension for holding annual general meeting on or before March 27, 2003.
Siddle broke the news to his team mates at the Melbourne Cricket Ground on Sunday after being released from the squad for the third and final Test against New Zealand in Sydney.
BCCI to seek SC approval to relax tenure reform
The BCCI will hold its Special General Meeting (SGM) in New Delhi on December 1 to discuss a three- point agenda including the all-important Future Tours Programme (FTP) of the Indian team spanning 2019-2023.
Here's a quick at the two cousins, Akash and Anmol.
Asked if Ganguly would be cornered at the meeting, he laughed and cited an example.
HR Guru Mayank Rautela offers practical advice.
Senior functionary Narinder Batra on Friday resigned as the associate vice-president of the Indian Olympic Association as a mark of protest against the IOA for not taking back its decision to appoint scam-tainted Suresh Kalmadi and Abhay Singh Chautala as honorary life presidents.
Nearly 98% of shareholders vote in favour of his reappointment and payment of remuneration to Lodha.
The "additional remuneration" includes monthly pay of Rs 1 crore, rent free furnished accommodation, medical expenses for him and spouse along with use of chauffeur driven company car for personal use and coverage under personal accident insurance. He will also be entitled to commission between Rs 30-60 lakh as sitting fees for attending meetings of board and committees of the company for each financial year.
Jain has given Shukla and the BCCI two weeks time to file their response in the matter.
AIFF secretary Kushal Das molested employees at work place, alleges former owner of I-League team Minerva Punjab.
The feud between Gangwal and Bhatia came into the public after the former, in July, wrote to markets regulator Sebi seeking its intervention to address alleged corporate governance lapses at the company.
