The Committee of Administrators instructed Mumbai Cricket Association (MCA) to appoint a new electoral officer in place of DN Chaudhari and conduct the state elections by stipulated deadline of September 28.
Industry players say improving the penetration beyond the top centres will require setting up more branch networks and empanelment of distributors.
As per some media reports, Hockey India has informed the International Hockey Federation (FIH) that there will be no HIL in 2018 because of financial concerns related to some franchises.
After steering the company for 21 years, Tata will pass on the leadership baton to his successor designate and present deputy chairman of Tata Sons, Cyrus Mistry in December, when Tata turns 75.
'The ICC have also expressed some concerns (about the running of CSA) and we believe our decision is warranted, and that it will be embraced by the ICC.'
Two weeks since the much talked about new income tax return filing portal was launched, technical glitches continue to mar the site, an issue finance ministry officials will take up in a meeting with Infosys -- the vendor which provided the IT solution -- at a meeting on Tuesday. Several stakeholders have submitted written inputs highlighting the issues facing the portal as well as areas that need to be fixed. At the company's annual shareholder meeting, Infosys had on Saturday stated that it is working to resolve the issues and has already succeeded on some fronts.
Mahendra Singh Dhoni is quintessentially a modest man and no wonder he has politely declined to inaugurate the pavilion named after him at the JSCA Stadium, ahead of India's third ODI against Australia.
Stocks of public sector companies, especially the oil refining and marketing companies (OMCs) - Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL) and Indian Oil Corporation Limited (IOC) - logged gains on Tuesday in a weak market. While the Nifty lost nearly 1 per cent in trade on Tuesday, the Nifty CPSE index - a gauge of performance of central public sector enterprises on the National Stock Exchange (NSE) - gained over 3 per cent in intra-day trade. The rally in PSU stocks comes on the back of the BPCL chairman, Arun Kumar Singh suggesting in the company's annual general meeting (AGM) on Monday that the government intends to complete the divestment process in the OMC by March 2022.
Does India's most valued company give hope to its investors that they, too, might drive a Jaguar some day?
Tata Motors group's investment for this fiscal is pegged at Rs 28,900 crore, mostly for its British arm Jaguar Land Rover (JLR), company chairman N Chandrasekaran said on Friday. The company will also look to raise capital separately for its electric vehicles (EV) business at an appropriate time. It is looking to have 25 per cent of its sales coming from EVs in the medium to long term, up from 2 per cent at present, he said while addressing the company's virtual AGM.
The Committee of Administrators (COA) wants BCCI to appoint an Ombudsman and an Ethics Officer at the earliest to deal with any disputes leading up to its much-awaited Annual General Meeting and elections.
China plans to sell to foreign countries its new short-range air to surface missile which can be mounted on drones and is designed for anti-terrorism operations.
10 analysts estimated RIL's consolidated net profit at Rs 11,256 crore and nine analysts estimated revenue at Rs 1.5 trillion.
Earlier this month, ECB managing director Ashley Giles had said that cricketers will be provided "mental health screening" before they commit to any further tours.
He pointed out that the BFI was mandated by the Delhi High Court to conduct elections for its office-bearers before December 31 to continue as a national sports federation and to enjoy grants and other privileges extended to it by the government.
The market breadth was negative. Out of 2932 stocks traded, 1306 stocks advanced while 1485 stocks declined.
Reliance Jio, together with partners, has tested its 5G solutions in India, successfully demonstrating speeds of over 1 GBPS, and its 'Made in India' solution is "globally competitive", RIL chairman Mukesh Ambani said on Thursday. Ambani also exuded confidence that the company will be the first to launch full-fledged 5G services in the country. Jio is not just working to make India '2G-mukt' (free from 2G) but also '5G-yukt' (5G empowered), he added. Jio's engineers have developed a 100 per cent home-grown and comprehensive 5G solution that is fully cloud native, software defined, and digitally managed.
With a focus on financial literacy for women, Millennium Mams is an 18-year-old initiative started by Kolkata-based industrialist B K Dhanuka.
Uncapped left-arm spinner Zafar Gohar has joined the test squad from the Pakistan A team currently in Hamilton.
Petitioner in the Indian Premier League spot-fixing case, Aditya Verma has shot a letter to the legal head of the Board of Control for Cricket in India U N Bannerjee and all the Working Committee members, requesting them not to allow Narayanaswami Srinivasan in the meeting.
The all-powerful working committee meeting of the Board of Control for Cricket in India (BCCI) will take place in Chennai on Friday to discuss about deferring the Annual General Meeting (AGM) and a longer tenure for team director Ravi Shastri, who in all likelihood would be requested to guide India till next year's World Cup.
Vindhya Telelinks, Universal Cables and Birla Cable shareholders go against family's wishes.
After getting rapped for accepting Vedanta group's bid that would give just 5 per cent of their outstanding loans, lenders to Videocon Industries on Monday approached the insolvency appellate tribunal NCLAT seeking fresh bids for the debt-laden consumer durable firm. Billionaire Anil Agarwal's Twin-Star Technologies had offered Rs 2,962 crore to takeover Videocon Industries, which was 4.15 per cent of the admitted claims of Rs 64,838.63 crore of lenders. SBI, the leading lender of Videocon Industries, has approached the National Company Law Appellate Tribunal (NCLAT) requesting for a rebidding of the 13 companies of the debt-ridden group, on account of strong observations against Rs 2,962 crore takeover bid by Anil Agarwal's Twin Star Technologies.
Chairman A M Naik said H2 of 2020-21 will herald better economic and business activity in terms of tendering, good liquidity, as well as revival of labour and supply chains.
Ganguly took charge as BCCI president on October 23 and duly resigned from his CAB position, clearing him of any conflict.
Pushed into a corner by the Supreme Court after failing to comply with the Justice R M Lodha Panel recommendations, the beleaguered Board of Control for Cricket in India appears to have been left with no option but to adopt them in totality at its Special General Meeting in Mumbai on Friday.
The Board of Control for Cricket in India's Annual General Meeting (AGM) will be held on September 29 in Mumbai during which it will choose a president-elect who would take over the reins from September 2011.
RIL plunged around 4% after scaling its life-time high of Rs 1,978.50 as investors rushed to book profits after the company's AGM. Bharti Airtel, ONGC, IndusInd Bank, Bajaj Finance and SBI were also among the laggards. On the other hand, shares of Infosys rallied around 6 per cent ahead of its quarterly earnings. HCL Tech, TCS, Tech Mahindra, Axis Bank and HUL too ended with robust gains.
The senior state association member said there is also a tax rebate issue which is still an ongoing process.
Mukesh Ambani's Reliance group has struck acquisition deals worth $4.2 billion with a dozen companies in just two years to expand its retail business. The latest purchase was of a majority stake in Justdial for Rs 3,497 crore. Elaborating on his acquisition strategy a few weeks ago during the AGM, Ambani stated that one of the key planks would be to acquire businesses that enhanced Reliance's offerings and experiences to customers and that they would be both physical and digital.
Billionaire Mukesh Ambani-led Reliance Industries Ltd's plans for investing Rs 75,000 crore in solar, batteries, fuel cells and hydrogen could create valuation of $36 billion (Rs 2.6 lakh crore) for the new energy business, Wall Street brokerage Bernstein Research said in a report. Reliance currently has three verticals -- oil-to-chemical (O2C) business that houses its oil refineries, petrochemical plants and fuel retailing business; digital services that comprises telecom arm Jio; and retail including e-commerce. New Energy will be the fourth vertical. At the company's annual general meeting of shareholders last month, Ambani announced a plan to invest Rs 75,000 crore in a new energy business over the next 3 years in the next stage in its transformation.
BCCI interim chief Jagmohan Dalmiya is set to be elected unopposed in a straightforward affair at the Cricket Association of Bengal's 82nd Annual General Meeting in Kolkata, on Tuesday.
To ensure that the National Sports Federations (NSFs) elect office bearers as per the Sports Code only, the government has hardened its stance and latest to fall in line is All India Tennis Association, which has agreed to elect its new President next month.
The NSE Nifty settled at 5,257, down 17 points. The market breadth was negative, out of 2,982 shares traded, 1,796 declined and 1,051 advanced on the BSE.
In 2015, Infosys, under the leadership of then CEO Vishal Sikka, had bought Israeli automation technology firm Panaya for around $ 200 million and e-commerce service provider Skava for $1 20 million. The buyouts were mired in controversy owing to allegation of over-payment apart from not being an ideal fit.
According to current regulations, a company's buyback offer size cannot exceed 25 per cent of its paid up capital plus reserves
The Indian economy is rapidly normalising towards pre-pandemic activity levels, even as uncertainty exists about coronavirus mutations and repeated infection waves, industrialist Kumar Mangalam Birla said on Wednesday. Vaccination is picking up pace, which would improve India's resilience against a potential third wave, the chairman of Aditya Birla Group said while virtually addressing shareholders at the AGM of group firm UltraTech Cement Ltd. Moreover, various steps taken by the RBI and the government have helped in containing the economic disruptions of the pandemic, Birla added.
The latest directive by the two stock exchanges also comes ahead of a new Corporate Governance Code to be implemented by the capital markets watchdog for all listed companies with effect from October 1.
Finance Minister Nirmala Sitharaman on Tuesday reviewed with Infosys officials the technical glitches that continue to mar the new income tax e-filing portal. Sitharaman, along with Minister of State for Finance Anurag Thakur, revenue secretary Tarun Bajaj, CBDT chairman Jagannath Mohapatra and other senior ministry officials, went point by point on the issues facing the new portal with officials of Infosys - the vendor which developed the site. While there was no official word on what transpired at the meeting, a statement issued by the Institute of Chartered Accountants of India (ICAI) said "the technical glitches shall be addressed fast". ICAI representatives attended the meeting on Tuesday.
Former BCCI president Shashank Manohar has said that the amendment of the BCCI constituition in 2012 regarding president's post was done to ensure that BJP heavyweight Arun Jaitley became board chief in 2014 instead of N Srinivasan going for a second term.
