The nominations committee of the board had earlier recommended Kamath's induction as an additional director. Kamath, at the end of April 2009, stepped down as CMD of ICICI Bank and is now the non-executive chairman.
The high court imposed various bail conditions on him, including that he shall not tamper with the evidence or influence witnesses, directly or indirectly.
Civil Aviation Minister Vayalar Ravi said the government was considering extending financial support to Air India.
Special CBI Judge Swarana Kanta Sharma observed that the accused was 'concealing himself' and despite issuance of non bailable warrants against him twice, he could not be arrested by the probe agency.
The decision was taken after Prime Minister Narendra Modi announced that the lockdown across the country will be extended till May 3 to fight the coronavirus pandemic.
Borrowers who were hoping for lower interest rates on their home or car loans might be in for some disappointment.
Reliance Industries CMD Mukesh Ambani made a strong argument in favour of removal of export controls by the US to give a further boost to the partnership between India and the US.
The service has been launched in partnership with transmission solutions firm Sterlite Technologies.
This follows an investigation into alleged violations of foreign exchange rules involving foreign direct investment of Rs 85 crore and Rs 140 crore by JP Morgan India and Amrapali Group firms.
Motor insurance is expected to generate largest claims for the companies whereas for crop insurance, the Agriculture Insurance Company is expecting claims of about Rs 15-16 crore
India's richest businessman, Mukesh Ambani is ranked at 33 with a salary of Rs 15 crore (Rs 150 million) annually.
India is looking at buying coal mines in Australia through two state-owned entities in a bid to bridge the domestic coal supply-demand shortfall, a top government official said on Monday.
This move comes after the appointment of the company's new chairman and managing director Kuldip Singh.
State-run BHEL is exploring the possibility of formation of a separate finance company as a joint venture with a strategic partner to finance power projects.
'We are going to be overwhelmed by the need for hospital beds. There are simply not enough beds in government hospitals.' 'We will need a large number of medical professionals and without the private sector's involvement, the government won't be able to expand capacity.'
Bharti Airtel Chairman Sunil Bharti Mittal said India has lost one of the finest political leaders and a legal luminary.
The new law would boost home buyer confidence as well as investment in the realty sector.
Cash-strapped Air India, whose management has been considering slashing salaries and allowances of its employees, has signed an MoU with its officers' association to pay interim relief which would put an annual burden of Rs 36 crore.
Air India top brass on Thursday met leaders of two pilots' unions and assured them that their problems would be looked into, especially those relating to the wage structure.
The employees, holding Air India CMD Arvind Jadhav responsible for the present condition of the airline, also demanded his removal and regularisation of the payment of their due salary and productivity linked incentive.
Last year, Air India replaced veg and non-veg sandwiches with veg hot meals on flights
One person was killed and three were feared dead after a mishap at an underground mine at BCCL's Basantimata colliery in Dhanbad district.
The victim, R Sukumar said that the MP should be punished so that they should not take it as their birthright to assault a person.
Making his ambitions clear, Ambani said the company is "well equipped to be a national leader".
State-run transmission company Power Grid Corporation on Wednesday said that its follow-on public offer, which aims to raise about Rs 8,600 crore (Rs 86 billion), would hit the market in the second week of November.
The company estimates a Rs 350-400-crore (Rs 3.5-4 billion) revenue potential from the telecom business in the next 4-5 years.
State-owned BHEL on Friday said it is in talks with SAIL and Vizag Steel to tie up for manufacturing high grade steel, while Korean steel maker Posco may join the proposed joint venture company as a technology partner.
It would pave the way for Jammu and Kashmir to attract large-scale investments, the industry leaders said.
Cash-strapped Air India is in the process of finalising appointments to three key managerial positions which would put an extra annual burden of about Rs 3.5 crore (Rs 350 million) annually, sources said.
Religare's CMD talks about the deals for the Singh brothers of Ranbaxy and how clever structuring of deals, like on loss-making Bollywood film Rann, ensures there's no downside for the group.
With the BSE benchmark Sensex breaching the 19,000-level and still going strong, analysts believe that Indian markets have entered a bull phase and persistent FII inflows may push the index past the 20,000-mark in the coming days.
State-owned NTPC is likely to pick up stake in two coal mines in Indonesia, a move that would help the company secure its raw material requirement.
A panel headed by RBI Governor selects PSU bank chiefs.
Every year, BioSingapore receives nominations from biotechnology industry associations, industry peers, academics and institutions across Asia-Pacific for the most outstanding companies or individuals in various categories. The nominees are judged by a panel of distinguished leaders in the field.
The ATR 72-600 aircraft was accorded water salute as it landed at the Jaffna airport, about 400-km from capital Colombo.
Country's largest iron ore producer NMDC on Wednesday said it is in talks to buy coking coal mines from Kolmar in Russia to feed its proposed steel plants in Chhattisgarh and Karnataka.
This year's Budget has come at a time when the economy had just begun to recover from the impact of an unprecedented global economic crisis.
BSNL will use the investment for mobile expansion and for services like 3G, broadband, wireless broadband, IPTV, WiMAX, mobile commerce (m-commerce), value-added landline, Enterprise Resource Planning and others.
While Air India employees are contributing a day's salary to the Prime Minister's Relief Fund, its pilots have offered to forego their allowances to operate to Dehradun.
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