Swinging into action on the very first day of taking charge of the scam-tainted Satyam, its three-member board on Monday announced that top management would be changed and every effort made to address the prime concern of liquidity, including asking main clients to make advance payments.
A top company official said, "We are still waiting to receive any communication from the new board. we might make a presentation to the new board."
The actress seems to design herself on the legendary beauty.
The board -- which includes, Kiran Karnik, T N Manoharan, former chief, ICAI, and HDFC chief Deepak Parekh, appeared relieved after a marathon run of selecting a bidder for the scam-tainted firm.
Besides Joseph, one of the lawyers defending Michel is a member of the Congress' youth wing while the father of another is a party member, Patra claimed at a press conference.
Four people injured in the Oberoi standoff have been taken to the Breach Candy Hospital. The four people have been identified as Apoorva Parekh, Siddharth Tyagi, Ketan Desai and Amardeep Sethi.
Called Default Option, it is a life-cycle fund under which the amount of money invested in equity would be more in the initial stages while in the later stages, more money would be invested in debt instruments.
State Bank of India's decision to freeze home loan interest rates at 8 per cent for a year has stirred a controversy with the country's largest mortgage player HDFC on Tuesday terming the move as a 'gimmick'. SBI executives retorted by saying that the package was not a 'teaser rate', as HDFC chairman Deepak Parekh described the move.
Sources said, though the board did not meet officially on Monday, the members were engaged with some of the prospective lenders to overcome the financial problems.
The board, whose size was doubled with the induction of three members on Thursday, is likely to elect a new chairman to steer the company out of the financial mess that its founder Ramalinga Raju led it into.
The board had earlier said that the bidder will be announced on April 9.
Issues related with intellectual property rights, including piracy of films and software, figured prominently during the India-US CEO Forum in New Delhi attended by Prime Minister Narendra Modi and US President Barack Obama.
According to a senior CBI official, the agency has evidence to suggest the finance ministry's recommendations were overlooked while giving a licence to MCX-SX in 2008.
Describing its choice as a "vote for the future", a distinguished four-member jury selected State Bank of India (SBI) Chairman Om Prakash Bhatt as Business Standard's Banker of the Year for 2006-07.
"Land is the riskiest form of speculative real estate, which is why there are huge swings in land value," said Deepak Parekh, Chairman, HDFC in a key note address at a function organised by the Federation of Indian Chambers and Industry in Mumbai on Wednesday.
According to said M L Parekh, Director of All India Spices Exporters Forum, exporters will also demand lowering of the margin requirements of pepper during the meeting.
In a written answer to Lok Sabha, Minister of Corporate Affairs Prem Chand Gupta said investigation reports have been received in 23 cases and instructions issued to Serious Fraud and Investigation Office to prosecute the concerned persons. Investigations against four entities having links with Parekh - Triumph securities, Nakshatra Softwares, Goldfish Computers and Luminant Investrade - have been completed.
How bridge keeps corporate India sharp and quick-witted.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The country's largest home loan player HDFC on Wednesday said that it may have to raise lending rates further if the Reserve Bank of India (RBI) increases key policy rates in the forthcoming monetary policy review on July 29. HDFC has been arguing that the effective borrowing cost is a little over 5 per cent if the tax benefits are included.
'Her short black choli with a deep cut-out back and multi-coloured pom-poms became quite a sensation. It was clearly meant to draw your attention to Kareena's perfect figure.'
Check out the star arrivals.
Holding the status of the richest municipal corporation in the country, BMC will witness competitive elections with 2,275 candidates in the fray for 227 seats. Here are some famous faces flashing their fingers!
President A P J Abdul Kalam presented the awards at a function at the Ashoka Hall of the Rashtrapati Bhavan.\n\n
HDFC, the pioneer, ICICI, the game-changer, and SBI, the original teaser, turned the market on its head.
If selfie mania took over Bollywood a long time ago, can TV stars be left far behind?
Setting apart something like 10 per cent of GDP every year for investment in infrastructure is going to be a new experience for this country -- and long overdue.
The thrust, they feel, remains on design thinking, AI and digital besides enhanced focus on investing in selling and marketing efforts, expanding local talent base and re-skilling staff
'I sometimes fight with God and tell him, "Bahut ho gaya yaar, I should go now, call me".'
HDFC chairman Deepak Parekh on Monday said that he expected property prices to come down by 20 per cent in the next six months even as there is an upward pressure on interest rates.
The gross bad debt of the Indian banking system as of March was at Rs 7.11 lakh crore
Himachal Futuristic Communications Ltd (HFCL) made it public that its key promoters - Mahendra Nahata and his nephew Vinay Maloo - had parted ways.
Paris-based IT major Capgemini is scouting for three more acquisitions amounting to over $1 billion (around Rs 4,300 crore or Rs 43 billion). It is looking at the business process outsourcing (BPO), product engineering and local consulting space.
Banking secot to see major changes by 2020.
Interception of electronic communication should also be covered in the powers being sought, the report said.
The high new GDP numbers are puzzling.
Action against auditors, last of the 276 recommendations of a JPC probing Ketan Parekh scam, is still pending.
In front-running case, some fund houses have settled with Sebi and paid the amount lost to trustees.
'The 5.7% growth in the April-June period is an aberration because of GST.' 'Business activity in the last 15 days of the quarter was minimal or zero.'
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