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Low-cost carrier Kingfisher Red will shut down in four months with the airline group chief Vijay Mallya on Wednesday saying several measures have been initiated to face financial problems caused by high interest burden and burgeoning fuel costs.
Analysts believe for each of its businesses, RIL has underlined triggers that could boost profitability.
The current BCCI joint secretary Sanjay Jagdale is all set to become the new secretary pipping hot favourite Ranjib Biswal as the media release issued by the board confirmed his nomination for upcoming Annual General Meeting that will be held in Mumbai.
Gautam Dasgupta would represent the Cricket Association of Bengal at the BCCI's Annual General Meeting to be held on September 27 and 28.
The Reserve Bank of India (RBI) has approved a three-member committee of directors to run the day-to-day functioning of cash-strapped Lakshmi Vilas Bank.
With a focus on financial literacy for women, Millennium Mams is an 18-year-old initiative started by Kolkata-based industrialist B K Dhanuka.
The company's debt is around four times its earnings before interest, taxes, depreciation and amortisation, raising concerns among investors as well as stock analysts.
It's mostly fun and games at annual general meetings of companies, but sometimes it is also a bit ugly. . .
Planning commission deputy chairman Montek Singh Ahluwalia on Tuesday said the government should consider general lowering of duty rates across sectors to avoid creating arbitrage under free trade agreements.
The Kumar Mangalam Birla-led Hindalco Industries is likely to raise $500-million through a QIP or by other routes this fiscal to finance its expansion plans.
The government was put on the Wall of Shame at the annual general meeting of the International Air Transport Association in Singapore, along with the European Union Parliament and the governments of the UK, Germany and Austria, for imposing high taxes on air travel.
In a sweeping change in the appointment of national selectors, the Cricket Board has decided to empower its president to have a final say in choosing the panel of selectors.
BlackRock has again reduced the valuation of its share in edtech firm Byju's - this time to about $1 billion, TechCrunch reported on Friday, citing disclosures made by the US-based asset manager. This is 95 per cent less than its peak valuation of $22 billion in 2022. The markdown comes at a time when the company is facing a multitude of challenges, including securing fresh capital, delays in financial reporting and legal disputes with lenders.
The group presently has 30 property under the brand name of Oberoi (luxury segment) and Trident (five-star) and the new additions would take the total number of hotels operated by the chain to 40 during the next three and half years. It also has a room capacity of around 4,400 rooms and the new additions would take the figure to 6,700 rooms during the period.
Abiding by the Delhi High Court's directive, the Sports Ministry today withdrew its observer for the much-awaited Hockey India elections.
The world's largest independent telecom masts player GTL Infrastructure on Wednesday said its expects to complete the merger of Reliance Infratel's tower operations with itself by the middle of next month.
However, the cricket Board's ruling combine threatened to move court against the decision of the observers.
The Indian information technology (IT) industry will need to move up the value chain to tackle competition from countries like China, Philippines and Vietnam, said Ratan Tata. The Tata Consultancy Services (TCS) chairman was addressing the 15th annual general meeting (AGM) of the company.
There are also concerns on the central government finances for the current fiscal, he said, adding, performance during the first half on the fiscal front poses some risks in both receipts as well as expenditure estimates.
This would be done either through strategic sale or initial public offering, ADAG chairman Anil Ambani told shareholders at the company's annual general meeting in Mumbai.
In a major setback to Infosys Technologies, the company announced that Mohandas Pai, the member of board of the company has decided to resign. Meanwhile, Infosys -- India's second largest software services exports firm -- posted a net profit rise of 17.1% y-o-y to Rs 1,818 crore (Rs 18.18 billion) in its net profit for the fourth quarter ended March 31, 2011 as compared to Rs 1,600 crore (Rs 16 billion) in the corresponding quarter a year ago.
After announcing his re-entry into telecom a few days ago following a patch-up with younger brother Anil Ambani, Reliance Industries' chairman Mukesh Ambani on Friday said that prospects of the sector were much brighter now than they were at the time when he had spearheaded the undivided group's foray.
Jacob Mathew, executive editor of the Malayala Manorama Group of Publications, has been unanimously elected to be the president of WAN-IFRA at its annual general meeting in Dublin, Ireland.
The BCCI also decided to implement the contract system and graded payments for its players.
The Madras high court however directed the BCCI to consider an application from the Cricket Association of Pondicherry for associate membership at the meeting.
One of the richest persons in the world, Buffett is the chairman and chief executive of the conglomerate Berkshire Hathaway, which has holdings in diverse firms like Coca-Cola and Swiss Re.
Wipro founder chairman Azim Premji on Monday said the pandemic has been a "magnifying glass" for structural inequities and injustices that exclude millions of citizens from a life of basic dignity, and has made clear the fundamental role of public systems.
Rajan Bharti Mittal, vice-chairman and managing director of Bharti Enterprises took over as president of Federation of Indian Chambers of Commerce and Industry (FICCI) at the conclusion of its 82nd annual general meeting (AGM).
SpiceJet, the low-cost air carrier, on Thursday got its shareholders' approval to issue additional equity shares to promoter Kalanithi Maran, who in turn will infuse Rs 130 crore (Rs 1.3 billion) into the airline. Maran's equity holding would go up from 38 per cent to 43 per cent of the company's shares.
Seeking to make track and field dope free, Athletics Federation of India on Sunday decided to prepare its own 'whereabouts' information and collect samples from suspected athletes anytime and from anywhere in the country.
In a smooth transfer of power, N Srinivasan would take over the reins of Board of Control for Cricket in India from incumbent president Shashank Manohar at the Board's 82nd Annual General Meeting in Mumbai on Sunday.
Tata Sons chairman Ratan Tata on Tuesday said that further investments in West Bengal would be made when there is a "feeling to satisfy that there is no hostility against us".
The bickering within the Delhi and District Cricket Association over the Ferozeshah Kotla pitch fiasco took an ugly turn on Tuesday with board member Kirti Azad storming out of the body's annual general meeting, claiming he was insulted for raising the issue.
The Centre will sell 26 per cent of its stake in public sector oil marketing company IBP Ltd to the general public, its chairman M S Ramachandran said in Kolkata on Wednesday.
Samajwadi Party General Secretary Amar Singh made it to the Working Committee.
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.
The Board of Control for Cricket in India inducted former Test cricketer Mohinder Amarnath into the reconstituted Governing Council of the Indian Premier League after Mansoor Ali Khan Pataudi refused to be part of the revamped council and work as a non-paid honorary member.
Reliance Industries on Friday unveiled five fundamental strategic shifts for growth, laying emphasis on acquisitions and partnerships for growth rather than the organic route.
