Infosys chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services.
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.
Shares of RIL surged 4.42 per cent to its all-time closing high of Rs 1,082.20 on BSE.
The Badminton World Federation has postponed the Thomas and Uber Cup, the premier global men's and women's team championship, to be held in Denmark for three months from the earlier scheduled date in May in view of the COVID-19 pandemic.
The Sourav Ganguly-led BCCI has proposed six major amendments to the existing constitution which was adopted last year keeping in tune with the reforms suggested by the Justice Lodha committee.
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.
Zee Entertainment last week witnessed shareholder activism that saw an open call for the ouster of promoters and the incumbent management led by Punit Goenka. Besides, Dish TV also faced a similar call earlier this month. The trouble at Zee Entertainment can be gauged from the fact that this is a unique company wherein the promoters own just 3.99 per cent, but fully control the firm.
Companies owned by fugitive diamantaire Mehul Choksi have allegedly siphoned off over Rs 6,344.96 crore from the Punjab National Bank (PNB) using fraudulent letters of undertaking and foreign letters of credit, a CBI investigation into the scam has detected. The findings were submitted by the CBI in a supplementary chargesheet filed before a special court in Mumbai last week, where the agency said the PNB was conned by its employees who were allegedly hand in gloves with Choksi and his company executives and who facilitated the scam as part of a criminal conspiracy. The PNB officials at the bank's Brady House branch in Mumbai issued 165 letters of undertaking (LoUs) and 58 foreign letters of credit (FLCs) during March-April 2017, against which 311 bills were discounted.
While Mukesh Ambani-led RIL posted a 108 per cent YoY rise in profit after tax for Q4FY21 at Rs 13,227 crore, it fell short of Bloomberg estimate of Rs 13,704 crore.
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.
If elected, Singhania will become a member of the FIA World Motor Sports Council Board and will represent the FMSCI as its Titular.
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.
When, recently, Bharti Airtel announced a Rs 21,000 crore rights issue, analysts pointed out that its structure was similar to that of Reliance's issue in June 2020. One similarity is that shareholders in both companies have to pay only 25 per cent of the money on application. The rest is to be paid in two tranches. In Bharti Airtel's case, it is within 36 months; in Reliance Jio's, it is within 17 months.
Weeks after confusion over three Mauritius-based funds whipsawing shares of Adani group firms, billionaire Gautam Adani on Monday said that "twisted narrative" seems to imply that companies have regulatory powers over their shareholders and can compel disclosures. Shares of port-to-energy group nosedived last month after reports that accounts of three of the six Mauritius-based funds that have invested most of their money in Adani group firms had been frozen by the national share depository. The three funds owned about $6 billion of shares across the conglomerate.
Preferring to play safe, former India captain Sunil Gavaskar said that the whole IPL spot-fixing saga will become clear once the Supreme Court verdict is out in the open.
Former medium pacer Kuruvilla, who was backed by Mumbai Cricket Association (MCA) bigwigs, was preferred over a more decorated Ajit Agarkar from the west zone.
India's tour of South Africa will be confirmed only after the BCCI's annual general meeting later this month it was revealed on Tuesday after its secretary, Sanjay Patel, met with Cricket South Africa chief executive Haroon Lorgat in Dubai over the issue.
The government will press ahead with the sale of public sector companies that have been approved by the Cabinet, Finance Minister Nirmala Sitharaman said on Thursday. Highlighting that FDI flow into India is much higher compared to other emerging economies, she said India's strong macroeconomic fundamentals, ability to do reforms and a stable government help attract long-term foreign funds into Indian businesses.
The stylish batsman of yesteryears polled 173 votes while his opponent Prakash Chand Jain got 73 votes. His entire panel won their respective contests.
While Dhanlaxmi Bank faces governance issues similar to those in Lakshmi Vilas Bank, the financial profile of the Kerala-based bank is better.
Stamp of approval on CEO's strategy and long-term goal for the company
In what comes as a surprise move by the Indian cricket board, the BCCI is mulling to apply conflict of interest rules for current cricketers, who, in effect, will not be allowed to have business interest in player-management companies which represent them.
Former India captain Sourav Ganguly will take over as the 39th BCCI president on Wednesday, but he will have a curtailed tenure of around nine months as he would need to demit office by the end of July, next year as per the provisions of new constitutions, which makes 'Cooling Off' period mandatory after six years in office.
The PM blamed the UPA regime for the problems in the banking sector.
The BJP will not announce the chief ministerial candidate before the Assam polls and a decision in this regard will be taken by its Parliamentary Board at the time of forming the next government, the saffron party state unit president Ranjeet Kumar Dass said on Monday.
Most listed corporate entities in the country are in a fix. With the sudden declaration in late March of a nationwide lockdown to tackle the Covid-19 pandemic, the final calculations of their financial results for the year 2019-20 (FY20) are hanging in limbo. Till April 19, only 41 of the 3,947 companies listed on the BSE have managed to finalise the dates for the declaration of their yearly financial results.
Vaibhav Gehlot, son of Rajasthan Chief Minister Ashok Gehlot, was elected president of the Rajasthan Cricket Association (RCA) as his panel swept all six posts in a tension-ridden election of the state body.
Last year, Prasad was appointed as selector in place of Roger Binny from South Zone.
The newly-elected secretary of the Board of Control for Cricket in India said all necessary steps will be taken to strengthen the board and take cricket to new heights.
The newly-elected secretary of the Board of Control for Cricket in India said all necessary steps will be taken to strengthen the board and take cricket to new heights.
Delhi Stock Exchange's (DSE) struggle to end its life without hurting the diverse interests of its multiple stakeholders will continue into another year.
The newly appointed BCCI vice-president Rajeev Shukla said that N Srinivasan "wouldn't assume charge as per Supreme Court directive" and the Tamil Nadu strongman has made it clear to the members of the board.
The decision reflected Birla's thinking that his stepping down would pave the way for the entry of strategic investors and allow for greater flexibility during discussions, the company said.
Reliance Capital has two credit verticals -- Reliance Commercial Finance and Reliance Home Finance -- with a cumulative asset of over Rs 25,000 crore.
He said the Board will have to strengthen its Anti-Corruption Unit to deal with these kind of issues.
Non-compliant state units like Tamil Nadu and Haryana risk losing their voting rights in the BCCI but their cricketing activities will not be affected after the elections, COA chief Vinod Rai said.
The Supreme Court might have refused to grant him relief but a defiant N Srinivasan is expected to attempt a comeback as BCCI President after being forced to step aside, when the Board officials gather for the final Working Committee meeting before next month's AGM in Kolkata on Sunday.
The issue also underscores the growing scrutiny by investors and voting advisory firms of the performance of board members.
A day after Suresh Kalmadi and Abhay Singh Chautala were named Life Presidents of the Indian Olympic Association, a top official of the IOA on Wednesday questioned the move, pointing out that it violated the Constitution of the top sports body.
Don't run IOA office as one-man show, IOA secretary Rajeev Mehta tells chief Narinder Batra in a stinging letter.
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