Shastri takes over from Ajay Shirke, who was made acting chairman of the Bangalore-based Academy after Kapil Dev was sacked from the post for signing up with the rebel Indian Cricket League.
The Board of Control for Cricket in India's Annual General Meeting (AGM) will be held on September 29 in Mumbai during which it will choose a president-elect who would take over the reins from September 2011.
The market breadth was negative. Out of 2932 stocks traded, 1306 stocks advanced while 1485 stocks declined.
Announcing a bullish stance on the company's financial position, the chairman and managing director said that RIL would become debt-free on a net basis in the current 2011-12 fiscal.
Jet Airways, India's largest airline in terms of marketshare, is looking at an equity dilution, said Founder and Chairman Naresh Goyal.
In what turned out to be a formality, the Indian Olympic Association elections returned the same office-bearers, with Suresh Kalmadi as president for a fourth consecutive term.
Amid suggestions aplenty, including from a former Tata Group veteran to choose someone from within the Tata family to head the conglomerate, incumbent chairman Ratan Tata on Friday said only the best would succeed him.
Biscuits major Britannia Industries on Monday said it would increase capacity by 20 per cent by expanding existing operations and going to new sites.
Former India skipper Sourav Ganguly was retained as member of the Board of Control for Cricket in India's Technical Committee, headed by Sunil Gavaskar, at the Board's 80th Annual General Meeting in Mumbai on Thursday. The panel includes former Test umpire V K Ramaswamy and ex-India opener Krishnamachari Srikkanth, who was retained as the head of the senior selection committee for the 2009-10 season.
Investments of Rs 47,000 crore under implementation.
Former India captain Krishnamachari Srikkanth on Saturday became the new Chairman of the National Senior Cricket Selection Committee, replacing Dilip Vengsarkar at the helm of affiars.
The company would decide on increasing the capacity and investment needed for the same in presence of its parent Suzuki Motor's chairman Osamu Suzuki
The country's largest home loan player, Housing Development Finance Corporation, said on Thursday it will not hike interest rates even if the central bank signals an upward movement in the monetary policy on July 27.
In a startling revelation, West Indies Cricket Board (WICB) chief Julian Hunte accused the Board of Control for Cricket in India (BCCI) of rejecting ICC's proposal of organising Test cricket with a four-year championship structure in place. Hunte made the statement in his report at the annual general meeting of the West Indies Cricket Board (WICB) this month.
Tata Motors is developing higher capacity engines for its Nano car, to target domestic as well as foreign markets.
The Indian information technology industry will need to move up the value chain to tackle competition from countries like China, Philippines and Vietnam, said Ratan Tata.
Jagmohan Dalmiya was re-elected unopposed at the Cricket Association of Bengal's 78th annual general meeting in Kolkata. He also retained his panel of two joint-secretaries and treasurer.
Reliance Industries chairman and managing director Mukesh Ambani confirmed the truce pact with Anil Ambani.
Making his ambitions clear, Ambani said the company is "well equipped to be a national leader".
A coming together of the brothers will combine their separate, complementary and equally formidable strengths: Mukesh can execute mega projects in record time and derive value from scale; Anil is deft with finance and all things related to consumers and brands.
Dwaipayan Bose simplifies the whys and hows of revisiting your financial goals
The company had raised a similar amount of debt in FY 09 as well. Reliance Power has bagged three of four contracts for developing UMPPs in the country.
Reliance Industries' annual general meeting on Friday will be unique in many ways. It's the first AGM after the Supreme Court judgment on K-G gas, the first after the truce between Mukesh and Anil Ambani and the first after the company's big-bang return to telecom.
The unions are planning a major protest in Birmingham on July 27, at National Grid's annual general meeting. National Grid is a leading supplier of gas and electricity in Britain and the northeast region of the US. In an e-mail response to queries from Business Standard, a NG spokesperson said the company already outsources some information services support from India, from companies including Tata Consultancy Services, Wipro and Zensar Technologies.
The prime minister is right when he exhorts the corporate world to rethink its terms of engagement in a society as poor and in as much flux as India.
BCCI's Annual General Meeting will be held in Kolkata for election of its office-bearers.
The rumour verification process would now be triggered by changes in price or 'material price movements', as the paper defines it. What this means is that companies would need to verify rumours only if the share price moves significantly.
Ambani said Reliance ended last year with a net debt of Rs 154,478 crore.
Puri has been at the helm of the bank since its inception in 1994.
This election will be remembered for being the first election where the Election Commission failed to take action on gross violations involving the ruling party that repeatedly used religion, communal slurs, lies and undocumented allegations, observes Ramesh Menon.
India's tour of South Africa will be confirmed only after the BCCI's annual general meeting later this month it was revealed on Tuesday after its secretary, Sanjay Patel, met with Cricket South Africa chief executive Haroon Lorgat in Dubai over the issue.
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.
Infosys Technologies has announced the appointment of Deepak Satwalekar, managing director & CEO of HDFC- Standard Life Insurance, as the lead independent director in line with the company's commitment to good corporate governance practices.
A successful entrepreneur from Karnataka, Rajeev founded Jupiter Capital, a venture development managment and investment company, in 2005 and launched the Kannada channel Suvarna in 2007.
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.
With RIL entering a new growth phase in telecom and retail, gen-next, say RIL executives, could soon be seen holding the reins of the firm, assisting their father, Chairman Mukesh Ambani.
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.
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