The tobaccos-to-hospitality major ITC has earmarked an whopping Rs 23,000-crore (Rs 230 billion) investment over the next seven to ten years for its FMCG, paper and hospitality businesses.
It is confidential for Bajaj, Nissan and Renault and so, I will not speak much about it." The total cost of this project is Rs 2,000 crore (Rs 20 billion).
Ambani said Reliance ended last year with a net debt of Rs 154,478 crore.
Board of Control Cricket in India president Shashank Manohar was on Wednesday authorised to resolve the IMG issue and report back to the board at its Annual General Meeting on September 24.
Due to the over-heating of the valuations of companies in India, private equity player Electra Partners is giving greater emphasis to investments in South East Asia.
Former West Bengal Director General of Police Dinesh Bajpai will take on the veteran cricket administrator in the Cricket Association of Bengal's election for president.
After a successful career as a player, Matthew Hayden is now gearing up to become an administrator and could replace Allan Border in Cricket Australia's Board.
When Indian Hotels Chairman Ratan Tata told shareholders at the annual general meeting earlier this week that the hotel chain, which operates the Taj group, continues to be impacted by the slowdown, he was merely echoing what P R S Oberoi, his counterpart at the East India Hotels (EIH), had said recently.
The decision to bid for the Games, with Delhi as host city, was taken at the Executive Council and Annual General Meeting of the IOA.
Shareholders took the FMCG major to task on issues ranging from the mercury pollution in the pristine environs of Kodaikanal in Tamilnadu to changing the name to Hindustan Unilever Limited.
Former Board of Control for Cricket in India president AC Muthiah bit the dust in the Tamil Nadu Cricket Association elections as Board treasurer N Srinivasan and his team made a clean sweep, winning all the posts. Srinivasan and Kasi Viswanathan were re-elected as the president and secretary respectively of the Association in its 78th Annual General Meeting in Chennai.
In a dramatic turn of events in May 2019, an Emirates aircraft en-route to Dubai was asked to stop while it was taxiing for a take off in Mumbai. The pilot was given no reason and ordered to immediately return to the parking bay. As the aircraft returned to the terminal, two passengers from the first class - Naresh Goyal and his wife Anita - were offloaded by the immigration authorities, who said the duo cannot leave the country. Goyal, founder of Jet Airways, was stunned. The man, who ruled the aviation sector for two and a half decades with an iron hand, did not expect to be offloaded in this fashion.
Housing Development Finance Corporation (HDFC) Chairman Deepak Parekh on Tuesday said that interest rates may rise owing to higher inflation, but lending rates are unlikely to change in the next one month.
The partners have, thus, solved the tricky issue of pricing, which has been widely speculated as the reason for the delay in the project announced in 2008.
West Bengal government would continue to invite investments despite the controversy over acquisition of agricultural land for setting up industrial units, the state's industry minister Nirupam Sen said on Tuesday.
Indian conglomerate Tata Group Chairman Ratan Tata has said that Tata Motors will have an electric car in the market by September this year.
Recently, the company had forayed into the segment of manufacturing accessories for ladies like handbags. At present, shoes for defence personnel were mainly procured from the unorganised sector.
Rakesh Mohan, deputy governor of the Reserve Bank of India, said on Monday that it was only after the central bank took a slew of steps that the decline in the economy was arrested and that inflation is not a concern anymore.
The well-known cricket statistician was re-elected for a second three-year term.
Mukherjee, 60, responsible for Asia, Africa, the CIS, mining, stainless and pipes and tubes, will retire on May 13, the date of the company's annual general meeting, a company release said. The board of directors will propose to the AGM of shareholders that he will be appointed as a non-executive member of the Company's Board of Directors effective from that date.
The unfinished AGM will be held in Kolkata to enable newly-elected office-bearers take over.
"I cannot tell Ratan Tata to go back", the West Bengal chief minister said while speaking at the annual general meeting of Bengal Chamber of Commerce and Industry in Kolkata.
Ex-head of BPL Mobile and currently a Rajya Sabha MP, Rajeev Chandrasekhar will be the new head of Ficci.
The meeting, slated for October 26, will not be held as the Supreme Court will hear the BCCI's appeal against the Madras HC order.
The IHF's senior vice-president pleaded that K P S Gill and K Jothikumaran be disallowed from participating in the elections.
After his inspirational showing in India's AFC Challenge Cup triumph fetched him the most valuable player award in the tournament, it came as no surprise when the All India Football Federation named Baichung Bhutia the country's player of the year at their Annual General Meeting in Delhi on Tuesday. The India and Mohun Bagan skipper, who first won the award in 1995, is the only player after I M Vijayan to win it twice.
Many office-bearers of the Maharashtra Navnirman Sena (MNS) have resigned in protest after their party chief Raj Thackeray declared support to Prime Minister Narendra Modi and the BJP-led Mahayuti alliance in the state.
The RIL board had last month approved 1:1 issuance of bonus shares after a 12-year hiatus. The last time RIL announced a bonus issue was in October 1997.
India's tennis ace Leander Paes has been elected as one of the seven vice-presidents of Bengal Tennis Association (BTA). The Kolkata ace, who now lives in Mumbai, was not present at the Annual General Meeting on Saturday but has accepted the new role, which was offered to him sometime back.
"The government has imposed a lot of regulations, and is not permitting major technological upgrade," Tata said.
Former BCCI president Narayanswami Srinivasan who has been at the centre of attention following Supreme Court's decision to allow modifications relating to the age-cap of 70 years for representation to the International Cricket Council.
'We don't want to take away any right of the media.'
The BCCI's adjourned Annual General Meeting concluded in Kolkata on Thursday with the office-bearers taking charge.
Chetram Singh will be unable to hold any ICC post because he is a bookie.
Before resigning as an auditor of an Adani Group firm, Deloitte had sought an independent external examination of allegations made by a US short-seller but the company said the allegations had no effect on financial statements and the reasons cited for quitting were not convincing to warrant such a move. In a 163-page filing with stock exchanges relating to Deloitte Haskins & Sells LLP's resignation, Adani Ports and Special Economic Zone (APSEZ) said that in meetings with its leadership, Deloitte indicated concern over a lack of a wider audit role as auditors of other listed Adani companies. However, the firm conveyed to the auditor that it was not within its remit to recommend such appointments as other entities are "completely independent".
Treasurer N Srinivasan is all set to take over as the Board of Control for Cricket in India's new secretary after incumbent Niranjan Shah steps down from the post at the September 27-28 Annual General Meeting of the Board in Mumbai following the expiry of his tenure. The present secretary Niranjan Shah would continue to work with the Board in a position yet to be decided.
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.
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