'It is notable how humble he was and didn't want anything different just because he was a Tata.'
The government said it had received many representations seeking extension of time citing many difficulties due to the second wave of Covid-19 and the subsequent lockdowns. MCA has asked the registrar of companies to approve the extension of the time limit to hold the AGM.
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.
Indian Olympic Association (IOA) President PT Usha has proposed that only disciplines featuring in the Olympics, Commonwealth and Asian Games be considered for inclusion in the future National Games,
Artificial Intelligence-first business strategy adopted by Infosys is working well for the company despite unresolved ethical and IPR issues around the technology, Infosys chairman Nandan Nilekani said on Wednesday. In his address at Infosys' 42nd Annual General Meeting, Nilekani said the company can be more efficient while nurturing readiness for growth, given its performance in challenging scenarios created by inflation, interest rates, geopolitics, demand volatility and supply chain dislocations. "Several practical, ethical and intellectual property-related issues, when it comes to AI remain unresolved.
Billionaire Mukesh Ambani on Thursday unveiled the next phase of growth at Reliance Industries Ltd, with retail and telecom worth over $100 billion each, doubling revenues and pre-tax profit in 3-4 years, new energy business becoming profitable by 2031, and core oil and chemical business continuing to be the robust growth engine. The sprawling conglomerate with interests in refining, oil and gas, petrochemicals, telecom, retail, and media is on track to more than double in size before the end of the decade, Ambani, chairman and managing director of Reliance, told company shareholders.
'Regardless of whether you invest Rs 100 or Rs 1 crore per month, risk is inevitable.' 'Positive returns at the end of the year can never be guaranteed.' 'This is a fundamental truth every SIP investor must grasp.'
India's e-commerce market alone is projected to reach $200 billion by 2026, making it a prime industry for ambitious entrepreneurs, explains rediffGURU Harsh Bharwani.
The stocks are largely from sectors such as chemicals, finance and cement, which struggled earlier but the worse seems to be behind them.
Osamu Suzuki, chairman, Suzuki Motor Corporation, is likely to meet Gujarat Chief Minister Narendra Modi to finalise plans to set up a manufacturing plant for Maruti Suzuki India.
'While on the one hand, terrorism continues to be a serious threat to global peace and security, on the other hand, areas such as cyber, maritime and space, are emerging as new theatres of conflict'
IOA plans to hold WFI elections on July 4, appoints Retd. Justice Mahesh Mittal as returning officer
Exporters on Thursday sought a fund of Rs 750 crore for three years to tap USD 25 billion export potential in the US, aiming to seize potential opportunities that may arise as the US President-elect, Donald Trump, has threatened to impose high tariffs on Chinese goods. In its pre-Budget meeting with the finance ministry, Federation of Indian Export Organisations (FIEO) President Ashwani Kumar has also demanded extension of the five per cent Interest Equalisation Scheme (IES).
Come September 2008, Nagpur-based advocate Shashank Manohar will take over as head of the BCCI. He was unanimously elected the first ever president-elect by the BCCI at its 79th annual general meeting late last month.
The Quad has emerged as a key grouping to work for peace, progress, and prosperity in the Indo-Pacific region, Prime Minister Narendra Modi said on Saturday as he left for the United States on a three-day visit.
Thackeray, whose Maha Vikas Aghadi government fell after a rebellion in June last year by his cabinet colleague Eknath Shinde, who went on to become CM, also warned he would extract revenge for his ouster.
Earlier in the day, Singh reached Nandini College premises and met players who had come for a three-day wrestling championship.
Farm workers and drivers will figure among the fastest growing jobs over the next five years, while roles of cashiers and ticket clerks will see the largest decline, a new study showed on Wednesday. In its Future of Jobs Report 2025, the World Economic Forum (WEF) also said that 170 million new jobs will be created by 2030, while 92 million are projected to be displaced, resulting in 78 million net new jobs.
Usman Khawaja said it was "really frustrating" for players to lose their match fees despite delivering entertaining matches.
Government officials believe that central bridge projects perform better than state projects due to stricter checks and balances.
'The PAYD model adjusts the premium based on your driving habits. If you drive less, you pay less.'
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
What if I told you that you only need to invest for 5 years to accumulate Rs 1 crore? Sounds unbelievable, but it's possible, asserts Ramalingam Kalirajan
Following the patch-up between the Ambani brothers last month, the annual general meeting of elder brother Mukesh-chaired Reliance Industries witnessed heightened excitement among shareholders.
'A government whose policies are focused around making the life of ordinary citizens, specially the most deprived sections, richer; a government that prioritises education, health and transport, that doesn't treat its citizens as subjects who must come to it for everything, is rare in our country.' 'When such a government is thrown out, one is left stunned,' notes Jyoti Punwani.
'Ratan had the quality that JRD and Russi Mody had -- they could walk with kings and never lose the common touch.'
Online food delivery platform Zomato has started rolling out delivery bags with "hotline phone number" to report rash driving by its delivery partners, company founder Deepinder Goyal said on Wednesday. In August at the company's annual general meeting, he had said that Zomato would put a phone number on the bags of its delivery partners for people to call and report if any one of them were found to be speeding. "As promised earlier, we have started rolling out delivery bags which mention a hotline phone number to report rash driving by our delivery partners," Goyal said in a post on Twitter.
Proxy advisory firm IiAS has recommended that institutional investors should vote against the appointment of Anant Ambani on Reliance Industries Ltd's (RIL's) board, citing his age as the reason. The firm has, however, given its green light to the appointment of Anant's elder siblings - Akash and Isha. In its recommendation note, IiAS said, "At 28 years of age, his appointment as a non-executive, non-independent director does not align with our voting guidelines."
Lallianzuala Chhangte was named the AIFF Men's Footballer of the Year, on the back of his impressive performance in the Indian Super League (ISL) and for the national team.
Prime Minister Narendra Modi will pay a three-day visit to the United States beginning September 21 to attend the annual Quad Summit and address the 'Summit of the Future' at the United Nations General Assembly.
Earlier in the day, an IndiGo A320 passenger aircraft landed successfully at 1.32 pm at runway 08/26 of the under-construction Navi Mumbai International Airport, paving the way for the Navi Mumbai International Airport Ltd (NMIAL) to seek an aerodrome licence from the aviation safety regulator Directorate General of Civil Aviation (DGCA) to start commercial flight services.
Bihar Chief Minister Nitish Kumar and Janata Dal-United national president Lalan Singh arrived together at the party's office in New Delhi on Thursday to attend its office-bearers meeting amid intense buzz about changes within the organisation.
Metropolis Healthcare (MHL) has decided to acquire a 100 per cent stake in Gurgaon-based Core Diagnostics for Rs 247 crore. This is about 2.2x FY24 (financial year 2023-24) enterprise value (EV)/sales and estimated 14x FY26 EV/Ebitda for the deal.
The National Democratic Alliance government is weeding out independent directors on the boards of public-sector undertakings (PSUs).
The Confederation of All India Traders (CAIT) representing 70 million traders has written to Union Commerce Minister Piyush Goyal, drawing his attention to the alleged violations of laws and regulations by quick commerce (qcom) companies.
The former India captain was the president from 2015 to 2019 before moving to the BCCI. The CAB polls are scheduled to be held on October 31.
The corporate affairs ministry has ordered an inspection of the books of Byju's, a senior government official said on Monday amid the edtech major facing multiple headwinds, including delay in submitting financial statements and concerns over corporate governance issues. The inspection of Bengaluru-based Think & Learn Pvt Ltd, which operates under the brand Byju's, will be carried out by the ministry, which is implementing the companies law. The ministry decided to carry out the inspection after taking note of the developments, including that the company has been unable to finalise its financial statements and that its auditor has resigned, the official told PTI.
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