Vindhya Telelinks, Universal Cables and Birla Cable shareholders go against family's wishes.
Uncapped left-arm spinner Zafar Gohar has joined the test squad from the Pakistan A team currently in Hamilton.
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.
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.
The senior state association member said there is also a tax rebate issue which is still an ongoing process.
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.
The market breadth was negative. Out of 2932 stocks traded, 1306 stocks advanced while 1485 stocks declined.
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.
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.
Ganguly took charge as BCCI president on October 23 and duly resigned from his CAB position, clearing him of any conflict.
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.
With a focus on financial literacy for women, Millennium Mams is an 18-year-old initiative started by Kolkata-based industrialist B K Dhanuka.
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.
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.
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.
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.
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.
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.
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.
According to current regulations, a company's buyback offer size cannot exceed 25 per cent of its paid up capital plus reserves
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.
Jio's global partnerships took shape this year when Jio Platforms, a 100 per cent subsidiary of Reliance Jio which has invested in various digital platforms, was able to woo a bevy of marquee investors: Facebook, Google, Qualcomm, Intel, and a numerous PE funds.
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.
Shares of RIL surged 4.42 per cent to its all-time closing high of Rs 1,082.20 on BSE.
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.
Both sides created chances in the first half but it was SCEB who converted them and deservedly headed into the break with a two-goal cushion.
If elected, Singhania will become a member of the FIA World Motor Sports Council Board and will represent the FMSCI as its Titular.
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.
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.
Infosys chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services.
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 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 Indian IT services sector is scrambling to retain talent since digitisation-led transformation has increased the demand for a digitally skilled workforce. As a result, the pull for jobs for tech professionals is also coming from non-IT sectors, leading to higher attrition among IT companies. The average number of tech jobs from non-IT sectors has seen a 41 per cent uptick in March-May'21 versus March-May'19, according to data from Naukri.com.
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.
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.
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 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.
