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 PM blamed the UPA regime for the problems in the banking sector.
Last year, Prasad was appointed as selector in place of Roger Binny from South Zone.
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.
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.
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.
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 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.
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 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.
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.
While Dhanlaxmi Bank faces governance issues similar to those in Lakshmi Vilas Bank, the financial profile of the Kerala-based bank is better.
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.
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.
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 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 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.
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.
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.
Reliance Capital has two credit verticals -- Reliance Commercial Finance and Reliance Home Finance -- with a cumulative asset of over Rs 25,000 crore.
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.
Bharti Televentures Ltd has appointed Sunil Bharti Mittal, Rajan Mittal and Akhil Mittal as the directors of the company.
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.
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.
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.
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.
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 Board of Control for Cricket in India "welcomed" the order of the Supreme Court related to the IPL spot-fixing case and said that they will hold the AGM in accordance with the directions and timelines as stipulated by the apex court.
In what would come as a shot in the arm for N Srinivasan, Cricket Association of Bengal (CAB) President Jagmohan Dalmiya has extended East Zone's support to the embattled BCCI President, who is seeking a third term as the Board chief, by signing the nomination papers for the December 17 elections.
The Football League has proposed introducing a fifth division as part of a revamp that would involve the biggest shake-up of the English game since the Premier League was founded in 1992.
Severely hit by drought since the past few years, the Maharashtra government has outlined a Rs 60,000 crore programme which includes creating decentralised water storage to make the state drought free in three years.
According to a company statement, Ambani said he envisaged a new India in the not too distant future, where almost everything done digitally is transformed to a value-creating and life-enriching new experience cutting across all strata of society.
Legendary Sachin Tendulkar along with chess wizard Viswanathan Anand and tennis ace Sania Mirza are likely to grace India's first ever day-night Test against Bangladesh at the Eden Gardens.
This is aimed at improving liquidity in all schemes and would help them to meet sudden redemption pressures, said Sebi chairman Ajay Tyagi.
Narayanaswami Srinivasan's decade-long regime as a cricket administrator has come to an end, in Mumbai, on Monday.
The sale of 10 AGM-84L Harpoon Block II air-launched missiles is estimated to cost $92 million (Rs 699 crore), while 16 MK 54 All Up Round Lightweight Torpedoes and three MK 54 Exercise Torpedoes are estimated to cost $63 million (Rs 478.8 crore), the Defence Security Cooperation Agency said on Monday in two separate notifications to the Congress.
Facing a severe backlash for appointing scam-tainted Suresh Kalmadi and Abhay Singh Chautala as life presidents, the Indian Olympic Association has been forced to revoke its controversial decision.
