Former Board of Control for Cricket in India president Shashank Manohar questioned Board's decision to postpone the Annual General Body Meeting, scheduled for November 20, saying it was against the constitution of the cricket body.
The Board of Control for Cricket in India's former principal legal advisor Usha Nath Banerjee questioned the Committee of Administrators' decision to debar three affiliated units, including Tamil Nadu from attending the Board's AGM and termed it "utterly arbitrary and wrong"
BCCI has sent a 23-point agenda to all affiliated units 21 days prior to the holding of the AGM.
The annual meet also saw some shareholders of the country's second largest IT services company raising concerns over falling operating margins. But many congratulated the management for delivering good FY20 performance despite the tough economic conditions.
All eyes will be on BCCI secretary Jay Shah during the four-day ICC Annual Conference in Colombo, starting on Friday, where there might be serious discussions about when he will take over from New Zealander Greg Barclay as the chairman of the global body.
Stepping up the company's AI and cloud play, Reliance Industries chairman Mukesh Ambani on Thursday announced that Jio users will get up to 100 GB of free cloud storage to securely store and access their photos, videos, documents, digital content and data. Addressing the 47th AGM of RIL, Ambani said the Jio AI-Cloud Welcome offer will be launched during the upcoming Diwali, which would bring a "powerful and affordable solution where cloud data storage and data-powered AI services are available to everyone, everywhere". "Jio users will get up to 100 GB of free cloud storage to securely store and access all their photos, videos, documents, all other digital content, and data.
The inclusion of two new franchises in the Indian Premier League, a discussion on the contentious tax exemption demanded by the ICC for global events in India and the formation of various cricket committees will be on top of the agenda when the BCCI holds its 89th AGM, in Ahmedabad, on Thursday.
The September 27-28 meeting will, for the first time, elect office-bearers and selectors for a two-year term.
One of the major points in the agenda of BCCI's AGM to be held in Ahmedabad is the inclusion of new IPL franchises.
The AGM will be held in keeping with a Supreme Court directive even though legal matters pending before the judiciary stand in the way of transacting business on the unfinished agenda.
Unlike AI uses for consumers, the next generation technology for enterprises will unfold over several years and the biggest challenge is to unleash AI for next wave of productivity for businesses, Infosys chairman Nandan M Nilekani said on Wednesday. While speaking at 43rd annual general meeting (AGM) of Infosys, Nilekani said the initial AI doomerism has quietened down and people have accepted that, like any other general-purpose technology -- electricity, nuclear energy, the internet etc, gen AI (generative artificial intelligence) has enormous potential for good when advanced within the guardrails of responsibility.
BCCI has approved 10-team IPL from 2022 edition and are backing ICC's bid for cricket's inclusion in 2028 Olympics after some clarifications from IOC.
Shareholders of industry giants Adani Enterprises, Reliance Industries, and Tata Motors - the latter two are part of the Sensex - will decide on combined related-party transactions of more than Rs 2.68 trillion proposed for this financial year and later. Related-party transactions for BSE 500 companies touched at least a six-year high of Rs 42.1 trillion in FY23, the Capitaline data shows. The Rs 42.1 trillion includes related-party transactions both at balance-sheet and profit-and-loss levels.
Ramachandran's support in the council has been reduced to a few members and if some are to be believed he can be removed from his post before or during the AGM on December 14.
In a BSE filing, the company said it has filed certified copies of the Andhra Pradesh High Court order paving way for the merger with Registrar of Companies, Andhra Pradesh, Hyderabad.
Continuing his crusade against the alleged corruption in the BCCI due to president-in-exile N Srinivasan's presence, Aditya Verma on Sunday threatened to move Supreme Court if the board's Annual General Meeting fails to make its September deadline.
The country's leading cement maker UltraTech on Thursday said it will acquire a 23 per cent stake in its Chennai-based rival India Cements Ltd, in a deal estimated to be around Rs 1,885 crore. As part of the transaction, UltraTech Cement will acquire 7.06 crores equity shares of India Cements at a price of up to Rs 267 per share, according to a regulatory filing from the Aditya Birla Group flagship firm.
It's seen as a signal that he wants to engage with India Inc at a time when the economy has started looking up.
With the shadow of the Supreme Court-appointed Justice Lodha panel recommendations hanging over its head, the BCCI will be conducting its 87th Annual General Meeting in Mumbai on Wednesday, with election of its honorary secretary being one of the priorities on the agenda.
With investors asking for a change in the board structure at Byju's, the edtech giant's founder and chief executive officer (CEO), Byju Raveendran, is now asking them to put $300 million into the company for more control. The company has rung up $5.8 billion from investors such as General Atlantic, Sofina, the Qatar Investment Authority, Sumeru Ventures, Vitruvian Partners, BlackRock, Chan Zuckerberg Initiative, Sequoia, Silver Lake, Bond Capital, Tencent, and Tiger Global.
Edtech major Byju's is in process to raise Rs 600-700 crore to fund the company's operations till March by when it expects to realise money through the sale of Epic and partial stake sale in other subsidiaries, according to sources aware of the development. Byju's founder Byju Raveendran has recently raised money by mortgaging home and real estate assets owned by family members for paying salaries, sources said. "There is about Rs 50 crore gap per month in operational expenses where a large component is salary.
The Cricket Association of Bengal (CAB) president Sourav Ganguly today told the members that the body cannot hold its AGM, scheduled later this month, due to lack of clarity on Lodha committee recommendations.
Mukesh Ambani-controlled Reliance Industries Ltd will hold its annual general meeting on August 3, in which the company's plans following the settlement of ownership of Reliance empire may come up for discussion.
Megha Engineering had emerged as the second-biggest buyer of electoral bonds and donated the highest amount of about Rs 586 crore to the Bharatiya Janata Party, according to the data released by the Election Commission on March 21.
In what is expected to be a smooth and routine AGM in Mumbai on Thursday, the Board of Control for Cricket in India (BCCI) is all set to revamp its senior selection committee by making at least four changes in the five-man panel following the completion of their term.
After two postponements, Hockey India has finally set the ball rolling for its much-awaited elections by issuing notices to affiliated state units to nominate two members by Thursday for its February 7 Annual General Meeting.
The chairman of the International Boxing Association (AIBA) ad-hoc committee Kishan Narsi has reiterated in an e-mail communication that Boxing India stands provisionally suspended after the derecognised national body in a notification had scheduled its Annual General Meeting in Guwahati on October 3.
The Kolkata High Court appointed two more observers in addition to Suhas Chandra Sen for the BCCI election.
The Supreme Court cleared the adjourned AGM of BCCI at Kolkata for it to be held before November 30
The Annual General Meeting of the BCCI which was scheduled to be held on September 27 in Kolkata has been indefinitely postponed as the parent body awaits Supreme Court verdict on whether former president N Srinivasan can be allowed to attend meetings.
The main interest ahead of the AGM is focused on incumbent president K P S Gill's possible bid for another term.
Reliance Industries (RIL's) annual report released on Sunday highlighted the company's focus on new energy solutions, with chairman and managing director (MD) Mukesh Ambani stating that the age of fossil fuels will not continue much longer. RIL has sought shareholders' approval to give Ambani another five-year term as MD till 2029 at nil salary. The recently demerged Jio Financial Services, which "will leverage the prowess of digital and retail businesses", was expected to be listed soon.
President-elect Ranbir Singh Mahendra said the AGM had to be adjourned as it could not complete its business because of a stay order passed by a Chennai court.
The government is proposing to ban distribution of gifts and food coupons at the Annual General Meetings of companies, as these activities distract shareholders from serious business.
Jagmohan Dalmiya, who will be going for his third term, is unlikely to face any challenge.
FMCG major Hindustan Unilever on Wednesday reported a 1.53 per cent decline in consolidated net profit to Rs 2,561 crore for the fourth quarter ended March 31, 2024 due to factors such as deflation and softening of commodity prices. The company had posted a net profit of Rs 2,601 crore in the year-ago period, according to a regulatory filing from HUL. Net sales of Hindustan Unilever Ltd (HUL) were almost flat to Rs 15,013 crore in the March quarter.
In a significant move, Mumbai Cricket Association's president Sharad Pawar has decided to attend the Board of Control for Cricket in India's Annual General Meeting, scheduled to be held in Chennai on November 20, after a gap of four years.
Defying the ban imposed by the International Olympic Committee, the IOA today went ahead with its Annual General Meeting and elections, insisting that it had not done anything wrong.
'They have since only tried to improve systems. Also, with regulatory guidance from time to time, we are in a position to assess a situation and react in time.'
Sridhar Kalyanasundaram, an independent director of private sector lender Dhanlaxmi Bank, has resigned from the board with effect from September 16. In his resignation letter, Kalyanasundaram has raised issues like factionalism in the board, his differences regarding rights issue and the alleged 'lack of in depth banking knowledge' in other members. This comes after Ravindran Pillai, head of RP Group, who holds 9.99 per cent stake in the bank (largest shareholder), came out with a special notice for removal of Kalyanasundaram.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances