Ivan Manuel Menezes, the India-born CEO of the world's biggest spirits company Diageo, died on Wednesday, days after being hospitalised for treatment of stomach ulcer. Menezes, 64, who was to retire at the end of this month, died in London, the company said. "It is with great sadness that Diageo announces that Sir Ivan Menezes has passed away following a brief illness, with his family at his side," it said in a statement. Diageo had on Monday announced that CEO-designate Debra Crew will assume the top role on an interim basis immediately as Menezes undergoes medical treatment.
The Sports Ministry said the suspended Wrestling Federation of India has no authority to conduct the Senior National Championships.
The feud between Indian Olympic Association (IOA) president PT Usha and revolting Executive Council members took another ugly turn after a dozen of them shot off a letter to senior IOC official Jerome Poivey accusing the legendary athlete of running the organization in an "autocratic" manner.
The Reserve Bank of India on Wednesday decided to keep the policy rate unchanged for the tenth time in a row but changed its stance to 'neutral' that may lead to a cut in the forthcoming policies. RBI maintained status quo despite the US Federal Reserve lowering the benchmark rates by 50 basis points last month.
'The RBI's MPC will maintain the current policy rates (6.50%) at the policy meeting, given ongoing inflationary pressures.'
A five-time Olympic shooter, Randhir Singh was the lone eligible candidate for the OCA president's post.
On May 7, WB held its first formal meeting with the IOC which signalled the start of a formal collaboration between the two organisations aimed at establishing a pathway for boxing to remain in the Olympic Games.
Ishaan and Sai Pratheek took just 30 minutes to get the better of English duo
The Reserve Bank of India (RBI) will meet top executives of asset reconstruction companies (ARCs) on Friday to take stock of the sector. During the meeting, ARCs will also seek clarity from the regulator on bank borrowing. While there is no regulatory ban in place, ARC sources said banks often refuse funding.
Investors are pushing back more often against companies' resolutions on what is paid out to top executives. In the first four months of financial year 2022-23 (FY23), there have already been five such rejections, according to shareholder voting data from tracker Adrian, a platform maintained by the proxy advisory firm Institutional Investor Advisory Services India (IiAS). Two of these have been at multiplex chain PVR and direct-to-home company Dish TV India.
Indian Olympic Association (IOA) president P T Usha on Thursday said the grapplers protesting on the streets amounts to indiscipline and is tarnishing the country's image.
The elections to the AIFF Executive Committee will be held on September 2 and aspiring candidates can file fresh nominations from August 25, the returning officer announced.
The dates for the much-awaited WFI elections have been confirmed, with the results also set to be announced on the same day.
WFI elections now to be held on August 7
DigiLocker, a government initiative for storing documents and verifying credentials online, is gradually replacing the need for paper.
Once identified, these individuals are drawn into private groups where they are exposed to manipulative content, including fabricated videos depicting atrocities allegedly committed by security forces, the officials said.
Opposition parties on Wednesday opposed the 'one nation, one election' proposal by calling it impractical and a 'cheap stunt' by the ruling Bharatiya Janata Party.
The three day MPC meeting began on Monday and the decision will be announced on Wednesday by RBI Governor Shaktikanta Das.
Following the end of the grandfathering period given to India Inc to replace their independent directors who had already served for 10 years, certain companies have come up with unique ways to replace the old guard.
'Bilateral trade has suffered seriously because of the growing unrest.' 'There is a standstill on both sides amid the curfew.'
Ashok Vaswani, a banker with more than three-and-half decades experience in building and scaling up businesses across consumer and corporate banking and payments, will be the next managing director (MD) and chief executive officer (CEO) of Kotak Mahindra Bank. Last week, the Reserve Bank of India (RBI) had given its approval to Vaswani's appointment. Vaswani is currently President of Pagaya Technologies, a US-Israeli artificial intelligence (AI) fintech firm, which he joined in June 2022.
'Corporates who donated to political parties were guaranteed by the electoral bond scheme that their names and to who they were donating funds will be not disclosed.'
A bench of Justices Sanjiv Khanna and Dipankar Datta issued notice to the Centre on a plea filed by an NGO, Association for Democratic Reforms, and listed the matter along with other pending petitions on the issue for hearing in April.
The AIFF executive committee also accepted the recommendation to discontinue their development side, Indian Arrows, and instead create an elite youth league using the fund.
United World Wrestling (UWW), the world governing body for wrestling, has suspended the Wrestling Federation of India for not conducting its elections on time.
The Congress claimed that not inviting the Manipur CM to the meeting violated Schedule 7 of the Constitution.
The Committee of Administrators (CoA) on Tuesday said it was surprised at FIFA's 'unfortunate' decision to ban the All India Football Federation (AIFF) despite closing in on a consensus on matters concerning the elections and structure of constitution.
Seventy two years ago, a newly independent India ventured to hold the the first Asian Games in Delhi with meager resources.
When there are two wills produced before the court, which one will be executed?
In an affidavit filed in the apex court, the Union law ministry rejected the petitioner's claim that the two election commissioners were hastily appointed on March 14 to "pre-empt" the orders of the top court the next day, when the matters challenging the 2023 law were listed for hearing on interim relief.
'Bharat is a name that is 7000 years old.' 'We are not saying the name of the country should be changed from India to Bharat; we only recommended that the stress should be on Bharat.'
'So, we would work with our members to ensure that we as an SRO create some sort of due diligence for fintechs.'
The Supreme Court Bar Association has written to Chief Justice of India NV Ramana expressing anguish at the non-consideration of names of its members for elevation as judges in various high courts.
The National Investigation Agency (NIA) on Monday arrested a top Maoist leader as it carried out raids at 62 locations across Andhra Pradesh and Telangana in the Communist Party of India-Maoist conspiracy case, an official said.
The Reserve Bank is unlikely to cut the benchmark interest rate in its forthcoming bi-monthly monetary policy review later in the week as retail inflation is still a cause of concern, and there is a possibility of the Middle East crisis deteriorating further, impacting crude oil and commodity prices, say experts.
The 49-year-old entrepreneur oversees the media and real estate arm of Dempo Industries as its executive director.
AITA is contemplating action against Sasikumar Mukund for not wearing the official jersey during the Davis Cup tie against Morocco.
'While all organisations welcome the suggestions of the Supreme Court to stay the implementation of the farm laws, they are collectively and individually not willing to participate in any proceedings before a committee that may be appointed by it,' a statement issued by the Samyukt Kisan Morcha said.
It all started to go from bad to worse when controversial former All India Football Federation (AIFF) president Praful Patel, whose third term in office ended in December 2020, stayed in office citing a pending Supreme Court case.
The Insurance Regulatory and Development Authority of India (IRDAI) has asked life insurance companies not to advertise unit-linked plans as investment products in a recent circular.
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