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.
In 2019-20, Gopinathan had received a total remuneration of Rs 13.3 crore. According to TCS' annual report for 2020-21, Gopinathan received Rs 1.27 crore in salary, Rs 2.09 crore in benefits, perquisites and allowances, and Rs 17 crore in commission. TCS chief operating officer N Ganapathy Subramaniam drew a pay package of about Rs 16.1 crore in the last financial year. This includes Rs 1.21 crore in salary, Rs 1.88 crore in benefits, perquisites and allowances, and Rs 13 crore in commission.
"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 unfinished AGM will be held in Kolkata to enable newly-elected office-bearers take over.
Since August 9, RIL shares have gone up by over 11 per cent.
The ISL will kick off in Kochi with Kerala Blasters taking on two-time champions ATK on Sunday, and Ganguly will be present on the occasion.
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.
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.
The IHF's senior vice-president pleaded that K P S Gill and K Jothikumaran be disallowed from participating in the elections.
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.
The CMS allows e-adjudication of certain lapses and paying penalties online, doing away with the need to visit an MCA office or go through a legal process.
'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.
ITC highlighted that legal cigarettes account for 9 per cent of tobacco consumption in India, but 80 per cent of tax collection is from tobacco products. While illicit cigarettes account for roughly one-third of the market share, legal cigarette volumes have recovered to around 96 per cent of peak FY13 volumes, after dipping to 70 per cent in FY21.
"As of now, there is no data from any country to suggest these new subvariants are more clinically severe," Chief scientist at WHO clarified.
Chetram Singh will be unable to hold any ICC post because he is a bookie.
Neyveli Lignite Corporation Ltd is planning to invest Rs 10,000-12,000 crore in setting up power projects. It is also planning to foray into renewable energy, by setting up wind energy farms and solar units.
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.
No one is saying the steel industry is out of trouble. The financial crunch continues, and coupled with high cost of input, severely affected the first-quarter profits of steel companies. But most agree with Tata that the signals are encouraging.
Hindustan Aeronautics (HAL) is one of the largest beneficiaries of the defence indigenisation programme. The aerospace Public Sector Undertaking (PSU) has just received a new tender for 97 Light Combat Aircraft (LCA) Tejas Mk1A, and it is already servicing an earlier order for 83 LCA aircraft. The new order is worth around Rs 65,000 crore with a 65 per cent indigenisation component, whereas the earlier order (February 21) was worth Rs 45,700 crore with 55 per cent indigenisation.
The Board of Control for Cricket in India's former principal legal advisor Usha Nath Banerjee questioned the Committee of Administrators' decision to debar three affiliated units, including Tamil Nadu from attending the Board's AGM and termed it "utterly arbitrary and wrong"
Inderjit Singh Bindra, a veteran cricket administrator, was on Sunday unanimously re-elected president of the Punjab Cricket Association (PCA) at the Annual General Meeting of the cricket body held in Mohali. M P Pandove, who is PCA's honorary secretary, was also re-elected unanimously.
Kalmadi was unanimously re-elected president of the Indian Olympic Association for a record third consecutive term.
Tata Steel has a technical tie-up with Nippon Corporation for automotive steel production. Nippon is also helping plan the layout of its proposed steel plant at Kalinga Nagar.
Industry sources said Tata Daewoo Commercial Vehicle and Telco Construction Equipment Company might be the first off the block.
Out in the wilderness for 18 months, former International Cricket Council chief Jagmohan Dalmiya, elected as the president of the Cricket Association of Bengal (CAB), has scripted a dream comeback that is only similar to state icon Sourav Ganguly. Dalmiya, lying low ever since he was ousted from the post of CAB president in December 2006, planned his comeback and ensured that his entire panel of office-bearers was elected comfortably.
With huge liquidity in the money market, partly contributed by capital flows, the interest rates are expected to soften in the short term, according to Industrial Development Bank of India chairman V P Shetty.
'But for reasons not yet known, Jay Shah is still continuing as the BCCI secretary while Sourav Ganguly has been removed from the position. Our grievance is why Sourav Ganguly was let go from BCCI. We want to know on whose order it was done. We believe that there was injustice done to Ganguly.'
Ratan Tata, chairman of Tata Motors said that rising costs of fuel and raw materials are the biggest worry for the automobile industry. Tata also warned of tough times for the company as its market share slid in the last financial year.
Meta Platforms Inc, the parent company of WhatsApp, will partner with Reliance JioMart for a service where WhatsApp users can buy groceries on the messaging platform from the Indian retail firm. Mark Zuckerberg, chief executive officer (CEO) of Meta Platforms, said in a Facebook post, "[I am] Excited to launch our partnership with JioMart in India. "This is our first-ever end-to-end shopping experience on WhatsApp--people can now buy groceries from JioMart right in a chat." "Business messaging is an area with real momentum and chat-based experiences like this will be the go-to way people and businesses communicate in the years to come," he said in an announcement coinciding with the annual general Meeting (AGM) of Reliance Industries the parent company of JioMart.
President-elect Ranbir Singh Mahendra said the AGM had to be adjourned as it could not complete its business because of a stay order passed by a Chennai court.
Days after acquiring control of Air Deccan, Kingfisher Airlines Chairman Vijay Mallya now looks at rationalising the fleet of the two carriers and considering changes in the total fleet order of 90 aircraft.
Battling a hostile takeover bid, NDTV's promoter entity RRPR Holding Ltd has sought clarity from Sebi on whether its earlier order bars the conversion of warrants issued to VCPL, now owned by the Adani group. Passing an order on November 27, 2020, the Securities and Exchange Board of India (Sebi) has restrained NDTV founders Radhika and Prannoy Roy to access the securities market for a period of 2 years. As restrictions are still in force, hence a prior written approval from Sebi was required for Vishvapradhan Commercial Private Limited (VCPL) for the exercise of the conversion option on the warrants, NDTV founders had said.
However, the names which are doing rounds are Jet Airways and Kingfisher Airlines. The latter is yet to start its international operations, which is a major requirement for joining an alliance. The merged Air India has already been invited to join its competing Star Alliance. OneWorld brings together some of the biggest names in the airline business, including American Airlines, British Airways, Cathay Pacific, Finnair, Iberia, Japan Airlines, Qantas and Royal Jordanian.
The observer for Tuesday's BCCI elections also gave voting right to the Jharkhand State Cricket Association.
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