Reliance Capital, a part of the Anil Dhirubhai Ambani Group, is looking to invest Rs 2,000 crore in insurance businesses in the next three years, which would take the company's cumulative investment in the sector to Rs 4,000 crore.
The last date for filing the nominations for the ICC top job is October 20. The ICC Board will meet from November 11-13 in Melbourne.
The income tax department has sought to prosecute Reliance Group chairman Anil Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts.
Unilever president (Asia & Africa) Harish Manwani is to succeed M S Banga as the non-executive chairman of Hindustan Lever Ltd.
CVC International, part of Citigroup, has evinced interest to pick up about five per cent stake in Jindal Iron and Steel Company Ltd.
Reliance Industries Ltd, on Thursday announced that it has struck gas off the Orissa coast in Bay of Bengal.
Pointing out that government borrowings would be less than what was projected for the current fiscal, Union Finance Minister P Chidambaram on Tuesday said that there was pressure on inflation due to rising oil prices and money supply.
'If a Brahmin child by birth is poor then he must get reservation benefits rather than an OBC child who is rich and born in a rich family.'
A statement from the BCCI on Thursday evening said Manohar, who is a vice-president of the Board, was the only nomination for the post, election for which was to be held at the 79th Annual General Meeting in Mumbai on Friday.
Ambani said Reliance ended last year with a net debt of Rs 154,478 crore.
Hindustan Lever Ltd will focus on 35 brands having better value and bigger role in consumers' lives and will reduce its prices to make them more affordable, the company said on Friday.
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.
The Committee of Administrators (COA) wants BCCI to appoint an Ombudsman and an Ethics Officer at the earliest to deal with any disputes leading up to its much-awaited Annual General Meeting and elections.
Internet gateway and service provider Videsh Sanchar Nigam Ltd will use the proceeds from the sale of its 5.42 per cent stake in US satellite firm
The ISL will kick off in Kochi with Kerala Blasters taking on two-time champions ATK on Sunday, and Ganguly will be present on the occasion.
The shareholders of Hikal Ltd have approved the issue of bonus shares in the ratio of one equity share for every two equity shares held.
Oil marketing company Bharat Petroleum Corporation Ltd, on Monday announced a mega foray into oil exploration and production business and has earmarked a budget of Rs 1,000-1,500 crore (Rs 10-15 billion).
United Breweries Ltd has bought out the minority stake of 35 per cent in Associated Breweries and Distilleries Ltd with the deal being finalised at a put option price of Rs 24 crore (Rs 240 million).
Consumer goods major Hindustan Lever Ltd said on Friday that each of its mega brands is capable of generating a sale of Rs 1,000 crore (Rs 10 billion) in the foreseeable future.
Reliance Industries chairman Mukesh Ambani on Monday announced a Rs 2 lakh crore investment in deploying fifth-generation or 5G telephony with rollout in metro cities by Diwali. Jio, the nation's largest telecom operator, has deployed standalone 5G stack rather than upgrading the existing 4G network, to offer ultra-high speed internet, he said at Reliance Industries' 45th AGM.
Reliance Energy Ltd shareholders on Wednesday approved a proposal to buy back a part of its equity shares at maximum Rs 525 per share aggregating up to Rs 350 crore.
The under-fire Board of Control for Cricket in India on Friday adjourned its crucial Special General Meeting, called to consider the sweeping reforms suggested by the Supreme Court-appointed Lodha Committee, on technical grounds.
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"
In 2019-20, Gopinathan had received a total remuneration of Rs 13.3 crore. According to TCS' annual report for 2020-21, Gopinathan received Rs 1.27 crore in salary, Rs 2.09 crore in benefits, perquisites and allowances, and Rs 17 crore in commission. TCS chief operating officer N Ganapathy Subramaniam drew a pay package of about Rs 16.1 crore in the last financial year. This includes Rs 1.21 crore in salary, Rs 1.88 crore in benefits, perquisites and allowances, and Rs 13 crore in commission.
'Byju's financials only reflect the core business. At a group level, they are experiencing substantial losses.'
Indian telcos have been able to garner over 20 million 5G customers in less than four months after the official launch of the service last October, according to industry estimates. With telecom operators like Reliance Jio and Bharti Airtel aggressively rolling out their 5G services in over 190 cities across the country to date, India is now only behind China and the US in terms of the number of cities in a country where 5G services have been extended. Top executives in telcos say that the number of 5G subscribers in India is a conservative estimate and that it will rise as the roll-out gains momentum.
'But for reasons not yet known, Jay Shah is still continuing as the BCCI secretary while Sourav Ganguly has been removed from the position. Our grievance is why Sourav Ganguly was let go from BCCI. We want to know on whose order it was done. We believe that there was injustice done to Ganguly.'
Gold is an excellent asset class for diversification and should be included in all long-term portfolios.
Billionaire Mukesh Ambani's children -- Isha, Akash and Anant -- on Monday were appointed on the board of his energy-to-technology conglomerate Reliance Industries Ltd, in what is seen as a clear path of succession planning at India's most valuable company.
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.
Reliance Jio is close to finalising its contract with telecom gear maker Ericsson to roll out its 5G network in Mumbai and Maharashtra and Kolkata and West Bengal in the first phase of its launch in October. And it is going with Nokia for the lucrative Delhi circle, and Chennai, which includes Tamil Nadu, say sources aware of the development. This is the first time that Jio is opting for multiple vendors.
The higher dividend will help Tata Trusts, which owns 67 per cent stake in Tata Sons, to invest in its charitable activities. The total dividend outgo will be Rs 404 crore.
Days after the BCCI appointed five-member new selection committee for the Indian cricket team, legendary spinner Bishan Singh Bedi has taken a dig at the Indian cricket board and the new selectors. The BCCI, on September 21, had named a little-known former India wicketkeeper-batsman, MSK Prasad, as the chairman of the new selection committee during its 87th Annual General Meeting in Mumbai. The former India captain slammed the board by taking to Twitter, where he called the new selection panel a 'bunch of jokers'.
Campa is set to take on its competition, which pushed it out of the aerated drinks business in the late 1990s, but this time with a new owner - Reliance Industries. Campa's entry comes at a time when aerated drinks as a category is already saturated. But experts say this could give rise to competition in the segment, eventually causing the space to grow.
Shobha Kapoor and Ekta Kapoor, managing director (MD) and joint MD of media firm Balaji Telefilms have failed to obtain requisite votes on resolutions pertaining to their remuneration. According to stock exchange disclosure made by the company, the two separate special resolutions on setting their salaries for the next years got 56.77 per cent and 55.45 per cent 'against' vote.
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