Infosys chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services.
Skipper Mahendra Singh Dhoni was hurt while batting in the nets at the WACA ahead of India's cricket World Cup league match against the United Arab Emirates on Saturday.
Singapore-based e-commerce platform Shopee - that launched in India only in December 2021 - has decided to close operations in the country. The official reason given by Shopee, which is controlled by NYSE-listed Sea Ltd, is changing global sentiments. In a statement, it said, "In view of the global market uncertainties, we have decided to close risks of our early-stage Shopee India initiative." The e-commerce platform has been hit by growing opposition from trade associations led by Praveen Khandelwal as well as homegrown social commerce start-ups.
BCCI has sent a 23-point agenda to all affiliated units 21 days prior to the holding of the AGM.
Batting legend V V S Laxman said Indian cricket will undoubtedly continue to prosper under former skipper Sourav Ganguly, who is set to take over as the president of BCCI.
Reliance Jio is close to finalising its contract with telecom gear maker Ericsson to roll out its 5G network in Mumbai and Maharashtra and Kolkata and West Bengal in the first phase of its launch in October. And it is going with Nokia for the lucrative Delhi circle, and Chennai, which includes Tamil Nadu, say sources aware of the development. This is the first time that Jio is opting for multiple vendors.
The country's largest retailer Reliance Industries on Monday announced that it will enter the fast-moving consumer goods (FMCG) business this year as part of its expansion plan. Addressing the 45th AGM of Reliance Industries on Monday, Reliance Retail Ventures Ltd (RRVL) Director Isha Ambani said: "This year, we will launch our FMCG goods business". The objective of this business will be to develop and deliver products and solve every Indian's daily needs, with high-quality products at affordable pricing, she said while addressing Reliance Industries' annual general meeting.
The higher dividend will help Tata Trusts, which owns 67 per cent stake in Tata Sons, to invest in its charitable activities. The total dividend outgo will be Rs 404 crore.
AFI President Adille Sumariwalla raised the possibility of more athletes outside the national camp taking to banned drugs and laid a lot of blame on the district and state level coaches.
Campa is set to take on its competition, which pushed it out of the aerated drinks business in the late 1990s, but this time with a new owner - Reliance Industries. Campa's entry comes at a time when aerated drinks as a category is already saturated. But experts say this could give rise to competition in the segment, eventually causing the space to grow.
Tata Motors is actively considering tapping into some of the export markets beyond South Asia, for its range of electric vehicles (EVs) as it sees an opportunity of selling affordable EVs in markets outside India. The export plans will coincide with the commercial launch of the Curvve - an electric SUV concept that broke cover on Wednesday, in two years from now, Shailesh Chandra, MD, Tata Motors PVs and Electric Mobility, told Business Standard. "We are actively thinking of the international markets and we would like to go with a portfolio of products. "We have identified a few markets and in a couple of years, we should commence the same," said Chandra.
For the first time, India will host the annual meeting of the council of heads of government of the SCO. MEA spokesperson Raveesh Kumar said all eight member countries, four observers and dialogue partners of the grouping will be invited for the meeting.
Online food delivery platform Zomato has decided to narrow its focus on three key areas of food ordering and delivery; supplies to restaurants through 'Hyperpure' and quick commerce, company Chairman Kaushik Dutta said on Tuesday. In his address to shareholders at the company's annual general meeting, Dutta said the move was part of strategy to focus "only on areas that have the potential to become meaningfully large businesses ten years from now". In FY22, he said Zomato was able to achieve strong top line growth while keeping its "adjusted EBITDA burn under control", despite multiple challenges such as disruptions due to Covid-19 pandemic, macro-economic uncertainty, rising inflation, fuel prices, among others.
The Board of Control for Cricket in India, on Tuesday, decided to hold its much-delayed Annual General Meeting on December 17 even as it stood firmly behind embattled president-in-exile N Srinivasan after he was cleared of IPL fixing charges by the Supreme Court-appointed probe committee.
Sitharaman, India's first full-time woman finance minister, had in July 2019 ditched the colonial legacy of a Budget briefcase for the traditional 'bahi-khata' to carry Union Budget papers.
The income tax department has sought to prosecute Reliance Group chairman Anil Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts.
Ambani said, it will be ready for trials as soon as 5G spectrum is available and can be ready for field deployment next year.
The BJP lost 15 of the 80 Lok Sabha seats in 2019. Union ministers have been deployed in all 15, tasked with turning the result around.
Modi had given his maiden address to the UN General Assembly as Prime Minister in 2014.
With the CAA rules being issued, the Modi government will now start granting Indian nationality to persecuted non-Muslim migrants -- Hindus, Sikhs, Jains, Buddhists, Parsis and Christians -- from the three countries.
High drama was witnessed at the Board of Control for Cricket in India's crucial Working Committee meeting in Kolkata on Friday over the presence of Narayanswami Srinivasan, prompting president Jagmohan Dalmiya to adjourn it sine die over lack of legal clarity on the sidelined former chief's status.
The solution worked out by the members is to convene a Working Committee meeting on September 26. With this, the AGM is unlikely to be held on the scheduled date of September 30 as the rules demand for a three-week gap between the two meetings.
The ICICI Prudential Life Insurance Company's net premium income in the third quarter (October - December) of the current financial year (Q3FY24) swelled by 4.9 per cent year-on-year (Y-o-Y) to touch Rs 9,929 crore. Income from investment rose 111.3 per cent Y-o-Y to touch Rs 16,315 crore. The Annual premium equivalent (APE), and new business premium (NBP) increased by 4.8 per cent Y-o-Y. Both declined 7.5 per cent and 5.6 per cent respectively, quarter-on-quarter (Q-o-Q).
Ganguly said the details will be worked out in the upcoming Annual General Meeting
If you think that revenue officials are going berserk, acting on their own, while the government chants the mantra of 'ease of doing business', you would be wrong. These moves appear to have full official backing, points out Debashis Basu.
The ministry of home affairs has held multiple meetings, the latest being early this month, to thrash out the issues delaying the implementation of the policy.
Rupa Gurunath, daughter of former Board of Control for Cricket in India chief Narayanswami Srinivasan, was elected unopposed as president of the Tamil Nadu Cricket Association on Thursday. She is the first woman to head a state unit of the Indian cricket board.
South Korean auto giant Hyundai Motor Company is considering tax implications of listing its Indian unit before taking a final call, according to sources privy to the development. Hyundai Motor is mulling an initial public offering (IPO) for its Indian arm to raise around $3 billion (at a valuation of up to $30 billion), and talks are in the early stages between the company and bankers, banking sources revealed. Hyundai Motor India Ltd (HMIL), however, declined to comment on the development.
The Madhya Pradesh Cricket Association (MPCA), which held its AGM on Monday, has decided that the erstwhile committee under the chairmanship of Jyotiraditya Scindia will continue to carry on its usual function in the State Association. With no nominations against the Scindia group and a Lodha Panel directive, which states that no elections should be held unless the first set of reforms are put in place, the general body said that it is only appropriate that old committee under the leadership of Scindia continues.
If the Budget makes no big announcements on new schemes, projects, or tax giveaways, the government would face a major political dilemma as it may have to reluctantly consider shunning the practice of unveiling pre-election sops to woo voters, notes A K Bhattacharya.
In the wake of adjourned meeting of the BCCI's working committee, Aditya Verma, the petitioner in the IPL spot-fixing case, claimed that the entire committee would have drawn contempt of court if former president N Srinivasan had participated in the working committee's meeting in Kolkata on Friday.
Pakistan wants ICC to regulate growth of T20 leagues
Days after the BCCI appointed five-member new selection committee for the Indian cricket team, legendary spinner Bishan Singh Bedi has taken a dig at the Indian cricket board and the new selectors. The BCCI, on September 21, had named a little-known former India wicketkeeper-batsman, MSK Prasad, as the chairman of the new selection committee during its 87th Annual General Meeting in Mumbai. The former India captain slammed the board by taking to Twitter, where he called the new selection panel a 'bunch of jokers'.
Shobha Kapoor and Ekta Kapoor, managing director (MD) and joint MD of media firm Balaji Telefilms have failed to obtain requisite votes on resolutions pertaining to their remuneration. According to stock exchange disclosure made by the company, the two separate special resolutions on setting their salaries for the next years got 56.77 per cent and 55.45 per cent 'against' vote.
Hockey India on Thursday strongly opposed the Indian Olympic Association's controversial decision to make scam-tainted Suresh Kalmadi and Abhay Singh Chautala its life presidents.
Sebi splits CMD post and has directed listed companies to have at least six directors and at least one of them needs to be a woman.
Bharti Airtel chairman Sunil Mittal has expressed hope that the government and regulators will step in to ensure the sector remains a viable place for continued investments and asserted that the industry requires "long overdue" support to maintain its current 3+1 structure. In the latest annual report of Airtel, Mittal said as the sector's role in the economy becomes more pervasive, its challenges loom larger. Issues such as unsustainable pricing and low returns in a highly capital-intensive environment, coupled with legacy legal issues, "have extracted their toll", Mittal observed.
Unperturbed at the prospect of a possible life ban, a defiant Lalit Modi on Tuesday continued his tirade against Board of Control for Cricket in India president N Srinivasan and said he will not "sit back quietly" and watch the Tamil Nadu strongman "destroy" Indian cricket.
A taxpayer paying rent to his/her spouse is entitled to claim HRA benefit under relevant sections and within prescribed limits.
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