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.
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.
The Board of Control for Cricket in India (BCCI), in its response in the Supreme Court, has refuted allegations of non-compliance with Justice RM Lodha-led panel's recommendations, saying that "records of 40 mails" exchanged with Justice Lodha will be submitted before the apex court.
Pakistan wants ICC to regulate growth of T20 leagues
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).
Reliance Industries, the country's most valued company, is delaying its annual general meeting this year following non-receipt of approvals for merger of Indian Petrochemicals with itself.
MCC was founded in 1787 and has been based at Lord's, which it owns, since 1814.
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.
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.
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.
BCCI acting president CK Khanna said calling the SGM to appoint an ombudsman to investigate the two players' conduct, as demanded by Board officials, wouldn't be right as the Supreme Court is due to take up the issue next week.
No reason was given for his resignation.
The Annual General Meeting of the BCCI which was scheduled to be held on September 27 in Kolkata has been indefinitely postponed as the parent body awaits Supreme Court verdict on whether former president N Srinivasan can be allowed to attend meetings.
The marmalade that Victoria Singh made with oranges from her garden in Kota won the first place in the Commonwealth category at the World Original Marmalade Awards in England.
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.
Air India will be Indian cricket team's 'preferred airline' for travel from now on with the national carrier signing an MoU with the BCCI in this regard. The deal, which comes into effect from September 1, has been signed for a period of one year.
The Tata group is looking to make a foray into semiconductor (also known as chips) manufacturing and it has set up a business to seize the opportunity, Chairman N Chandrasekaran said on Monday. "At the Tata group, we have already pivoted into a number of new businesses like electronics manufacturing, 5G network equipment as well as semiconductors, in all probability," he said while speaking at the annual general meeting of the IMC Chamber of Commerce and Industry. Chandrasekaran said global supply chains, currently heavily dependent on China, would see a big change in a post-pandemic world with businesses shifting their reliance to other countries.
The new executive director of Reliance Capital has big shoes to fill in every way.
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.
A CA director for 13 years, Eddings replaced David Peever in 2018 as interim chairman after the former mining executive resigned following the release of a scathing cultural review into the Newlands ball-tampering scandal.
International Cricket Council (ICC) chairman Shashank Manohar is to step down when his term ends this year, the governing body said on Wednesday. The ICC is set to discuss the process to elect its new chief at its board meeting on Thursday with media reports saying that the England and Wales Cricket Board (ECB) chief Colin Graves is favourite to fill the post.
'Some of the associations have not got funds for three years and they don't have reserves while others have done infrastructural work by digging into fixed deposits. Now they are supposed to get at least 105 crores (Rs 35 Cr x 3 years) plus interest. But I don't think anyone will get that kind of money at one go'
Resignations of Anil Ambani and four other directors were conveyed to the CoC of RCom in its meeting on November 20 and were unanimously rejected.
Alvarez & Marsal will develop a detailed restructuring plan for the group to demonstrate to shareholders and lenders that it was self-sufficient in repaying its liabilities. So far, the IL&FS management had been working on its revival plan.
The road for Jagmohan Dalmiya was cleared after another former president Sharad Pawar failed to get a proposer from East Zone, prompting the Maratha strongman to pull out of the race.
OYO Rooms offers rooms for Rs 1,200-5,500 in all major cities.
The likes of Mumbai Cricket Association (MCA) or Saurashtra Cricket Association (SCA) may have lost their full membership status but they will get a chance to vote at Board of Control for Cricket in India's annual general meeting on rotation basis.
Capital expenditure by 54 large central public sector enterprises and five departmental arms, having a capex minimum target of Rs 100 crore, rose 93 per cent year-on-year (YoY) in the April-May period to Rs 1.39 trillion. The National Highways Authority of India (NHAI) and the Railways have started this financial year's capex cycle on a stronger note. In the first two months of FY24, the 54 CPSEs, along with the departmental arms, achieved 19 per cent of their combined budget target of Rs 7.33 trillion, Business Standard has learnt.
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