'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.
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.
Kalmadi was unanimously re-elected president of the Indian Olympic Association for a record third consecutive term.
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.
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.
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%.
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.
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.
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.
'A government whose policies are focused around making the life of ordinary citizens, specially the most deprived sections, richer; a government that prioritises education, health and transport, that doesn't treat its citizens as subjects who must come to it for everything, is rare in our country.' 'When such a government is thrown out, one is left stunned,' notes Jyoti Punwani.
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.
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.
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.
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.
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.
Connor's nomination was announced by her predecessor, Sri Lankan legend Kumar Sangakkara, at the Annual General Meeting last year but she had to wait for a year to take charge due to COVID-19.
Vodafone Idea (Vi) is working on a fresh business plan that could alter its funding requirements. Addressing shareholder queries at the company's annual general meeting (AGM) on Wednesday, Vi chairman Himanshu Kapania said the exact amount will be worked out upon submission of a new business plan. "The management is working on a new business plan and will come to the board with the funding requirements," Kapania told shareholders in his first AGM as chairman.
Reliance Retail's digital commerce platform JioMart will morph into an e-marketplace offering multiple brands - from electronics, consumer durables, fashion and lifestyle, beauty, home, kitchen, and grocery - as it girds up to take on the likes of Amazon and Flipkart ahead of the festival season sales. India's largest retailer was in the process of onboarding third-party sellers these past few months, further increasing its selection across categories multifold. Its website and application offers general merchandise as well.
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.
The Madras High Court restrained the BCCI from conducting the elections in Kolkata till 1230 pm on Thursday.
Shaw Wallace & Company Ltd, acquired by UB Group, would be merged operationally with the spirits business of United Spirits, chairman of the company Vijay Mallya said.
Ambani said Reliance ended last year with a net debt of Rs 154,478 crore.
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.
The finance minister said while contribution of primary and fuel items to inflation has declined of late, certain manufacturing items are leading to its rise.
Mahindra United defender Surkumar Singh was named 'Player of the Year' by the All India Football Federation.
The Union government is considering a proposal to empower the states to frame separate labour laws in certain specific locations to attract investments, Union Commerce and Industries Minister Kamal Nath said on Friday.
It was a replay of the annual general meetings of the cable companies of the M P Birla group last month even as the Birla side raised "illegalities" in the latest poll results.
Mukesh Ambani-controlled Reliance Industries Ltd will hold its annual general meeting on August 3, in which the company's plans following the settlement of ownership of Reliance empire may come up for discussion.
Unilever president (Asia & Africa) Harish Manwani is to succeed M S Banga as the non-executive chairman of Hindustan Lever Ltd.
The former wicketkeeper replaces Brajesh Patel, who is undergoing treatment following a heart surgery.
The interim order was passed by a bench headed by Justice B N Agarwal.
