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.
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.
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.
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.
If elected, Singhania will become a member of the FIA World Motor Sports Council Board and will represent the FMSCI as its Titular.
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.
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.
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.
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.
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.
While Dhanlaxmi Bank faces governance issues similar to those in Lakshmi Vilas Bank, the financial profile of the Kerala-based bank is better.
The stylish batsman of yesteryears polled 173 votes while his opponent Prakash Chand Jain got 73 votes. His entire panel won their respective contests.
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 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.
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.
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.
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.
The PM blamed the UPA regime for the problems in the banking sector.
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 issue also underscores the growing scrutiny by investors and voting advisory firms of the performance of board members.
Don't run IOA office as one-man show, IOA secretary Rajeev Mehta tells chief Narinder Batra in a stinging letter.
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.
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.
It has been learnt that, as of now, the CoA will not hand over the matter to the IPL's Ethics Commitee comprising acting president CK Khanna, acting secretary Amitabh Choudhary and treasurer Anirudh Chaudhry.
Unfazed by the delaying tactics adopted by the members of the Board of Control for Cricket in India at its last SGM, the Supreme Court-appointed Committee of Administrators has strengthened its resolve to implement the mandate given to them by the apex court.
Former BCCI vice-president Rajiv Shukla has said the decision to slap ex IPL chairman Lalit Modi with a life ban was a "unanimous" decision and there was no ambiguity in the verdict by the cricket board.
This is aimed at improving liquidity in all schemes and would help them to meet sudden redemption pressures, said Sebi chairman Ajay Tyagi.
Incumbent Ajay Shirke was on Wednesday elected unopposed as the BCCI Secretary at the Board's 87th Annual General Meeting in Mumbai. Shirke was the lone BCCI functionary to file his nomination for the post on Tuesday. The 62-year-old became the secretary in July after Anurag Thakur was elevated as the President with Shashank Manohar opting to quit BCCI for the ICC chairmanship.
Former Jammu and Kashmir chief minister Farooq Abdullah said a consensus had been worked out by which Ranbir Singh Mahendra would continue for another year following which Sharad Pawar would take over the BCCI in 2006.
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