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.
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.
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.
India and China on Wednesday held 'constructive' and 'forward-looking' diplomatic talks to resolve the over four-year border standoff along the Line of Actual Control (LAC) in eastern Ladakh but there was clear no indication of any breakthrough.
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.
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).
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.
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.
Allardice conceded some members put "particular attention on their domestic leagues" but insisted their commitment to international and bilateral cricket was "as strong as it's ever been".
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.
Electric two-wheeler (e2W) maker Ather Energy has submitted preliminary papers to the Securities and Exchange Board of India to raise funds through an initial public offering (IPO). According to the draft red herring prospectus (DRHP), the IPO will comprise a fresh issue of equity shares valued at Rs 3,100 crore, alongside an offer for sale of 22 million equity shares by its promoters and investor shareholders.
For Indian parents, sending a child abroad for a three-year degree could deplete 48% of their retirement savings, while a four-year degree may consume up to 64%.
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 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 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.
Briefing reporters, Nadda said his party has proposed that if holding the three-tier polls together was not possible immediately, then Lok Sabha and assembly elections can be held together first.
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.
Reliance Industries on Friday unveiled five fundamental strategic shifts for growth, laying emphasis on acquisitions and partnerships for growth rather than the organic route.
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.
Kingfisher Airlines may cut jobs, UB group chairman and CEO Vijay Mallya said on Thursday.
Union Minister Praful Patel was formally elected president of the All India Football Federation on Tuesday, thus bringing down curtains on ailing Priyan Ranjan Dasmunsi's 20-year reign at the helm. Patel, the Civil Aviation minister in the UPA government, was elected unopposed at the Annual General Meeting of the AIFF at its headquarters in Delhi.
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.
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.
Jet Airways, India's largest airline in terms of marketshare, is looking at an equity dilution, said Founder and Chairman Naresh Goyal.
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.
Jagmohan Dalmiya said he will attend ICC executive board, development board and annual conference on behalf of the BCCI.
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.
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 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.
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.
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.
The war and Modi's recent visit to Ukraine is expected to figure prominently in the bilateral meeting, according to US National Security Adviser Jake Sullivan.
