The Burman family, which had made an open offer in September to acquire Religare Enterprises' control, in a statement said: "We are surprised and disappointed at these allegations." Burmans said it will move towards closing the transaction "expeditiously", working with all the regulators.
'The meanness of the board statement apart, it nowhere answers the most fundamental and damaging aspects of the deteriorating work culture among top company executives to which Narayana Murthy had been repeatedly drawing attention,' says B S Raghavan, the distinguished civil servant.
There is a possibility that the Asia Cup might be scrapped entirely this year and India, Sri Lanka, Bangladesh and Afghanistan could end up playing a multi-team event in 50-overs format before the World Cup.
The Hangzhou Asian Games, which could not be hosted this year because of COVID-19, will be held from September 23 to October 8 2023.
The IOA elections were due in December last year but could not be held due to amendments in the poll process.
Pakistan Cricket Board chairman Najam Sethi is exploring all options as far as this year's Asia Cup in Pakistan and ODI World Cup in India are concerned, saying it's time to "take a clear position".
'A credit line on UPI is going to make banks think about credit fundamentally as they digitise the credit process entirely.'
The high court has dismissed the Gyanvapi mosque management committee's appeal.
The agreement is subject to approval by the IMF management and consideration by its executive board, which is expected in early April.
BSE (formerly Bombay Stock Exchange) has seen its market share go past the critical 20 per cent mark in the derivatives segment, intensifying its battle with bigger rival - the National Stock Exchange (NSE) - which, less than a year ago, had a monopoly in this space. In April, the average daily trading volume (ADTV) for BSE stood at Rs 89 trillion, accounting for 20.6 per cent of the overall ADTV of Rs 432 trillion (based on notional volumes for options).
A consortium of shareholders with over 30 per cent stake in cash-strapped Byju's might approach the National Company Law Tribunal (NCLT) seeking a management change, if the extraordinary general meeting (EGM) scheduled for Friday failed to yield an 'amicable settlement' or faced further delays, sources said. Earlier this month, these shareholders had issued a notice calling for an EGM to address "persistent issues", including a change in management. They will vote for a revamp of the existing board, an exercise which would include asking Byju Raveendran to step down as chief executive officer (CEO) and relinquish his operational role, according to sources.
'Baseball/softball, cricket (T20), flag football, lacrosse (sixes) and squash will be in the programme at LA28.'
The International Olympic Committee said on Monday its executive board had recommended that international sports federations ban Russian and Belarusian athletes and officials from competing in events.
Sreejesh was re-elected as a member of the FIH Athletes' Committee during the virtual meeting of Executive Board.
'The Budget will be positive, continuing on the path of growth taken so far.'
Fund managers may end up losing out on crucial information during market hours, leading to information asymmetry vis-a-vis other institutional investors such as alternative investment funds, insurance players, or foreign portfolio investors.
The 33-year-old, who has played 70 Tests and 137 limited overs internationals since 2011, will continue to play for his country but have a "significantly reduced role", NZC said.
Top seven teams at ODI World Cup 2023 will qualify for 2025 ICC Champions Trophy, as per ICC's new rules
The ICG and Gujarat Anti-Terrorist Squad apprehended the fishing boat in a joint operation in the high seas on Sunday afternoon, the coast guard said in a release in Ahmedabad.
Afghanistan pacer Naveen-ul-Haq was on Monday handed a 20-month ban from participating in the International League T20
Hockey India's long-serving CEO, Elena Norman resigned from her post on Tuesday, February 27. Norman steps down after holding the position for nearly 13 years.
The Reserve Bank has given its nod for appointment of Dipak Gupta as interim managing director and CEO of Kotak Mahindra Bank following the resignation of Uday Kotak. RBI through its letter dated September 7, 2023, approved Gupta's appointment for a period of two months with effect from September 2, 2023, Kotak Mahindra Bank said in a BSE filing. It is expected that RBI would decide the full time MD of the bank during the period.
Drama unfolded in the last event of the day at the 'Big Lotus' stadium when the women's 100m hurdles was stopped after the gun was fired.
Sethi toes Raja's line on Asia Cup
ICICI Bank on Saturday said its March quarter consolidated net profit grew 18.5 per cent to Rs 11,672 crore, helped by lower provisions. On a standalone basis, the second largest private sector lender showed a 17.4 per cent growth in its profit after tax at Rs 10,708 crore for the reporting quarter against Rs 9,122 crore in the year-ago period. For fiscal 2023-24, its standalone net profit grew to Rs 40,888 crore from Rs 31,896 crore a year ago.
According to an order issued by the MHA, departmental proceedings are being contemplated against Rai.
The junior Ambanis - Anmol and Anshul - were inducted on the board to respect the wishes of the shareholders who during the recent AGM asked the management to get fresh blood into the company by bringing them on board.
Ranneeti: Balakot And Beyond veers between intriguing and boring, observes Deepa Gahlot.
Even as the dust settles on one election, glory in Thiruvananthapuram has come with a new question on the horizon: Who will be UDF's candidate in the next Lok Sabha election given Shashi Tharoor has said 2024 would be his last? It isn't a vacancy that can be easily filled, points out Shyam G Menon.
Rajasthan Royals have offered Yorkshire around 25 million pounds (Rs 260 crore/Rs 2.6 billion) to take complete control of the county club.
The California walnuts shipped from the US to India have seen a sharp uptick with imports more than doubling from September to November against the same period last year. This comes after New Delhi removed its retaliatory customs tariffs on the key dry fruit. Two days ahead of US President Joe Biden's visit to New Delhi to attend the G20 Summit on September 9-10, India dropped additional customs duties on about half a dozen US goods that were imposed in 2019 in response to America raising tariffs on certain steel and aluminum products coming from India.
With a gradual rise in temperature and the start of heatwave, FMCG and dairy firms selling cola-based fizz drinks, juices, mineral water, ice creams and milk-based beverages expect a spike in sales and have ramped up their production and stocks to meet the anticipated consumer demand. The makers are launching new products keeping in mind the evolving consumer preferences and also investing substantially on promotions and expansion of the channels this season, company executives of beverage and ice cream makers said. Beverages major PepsiCo said summer months are naturally the most favourable season for its category and it is "optimistic" that its portfolio of brands will continue to delight consumers during the period.
A lucrative media deal could be in trouble if a solution isn't found to break the deadlock between India and Pakistan on the Asia Cup issue.
The Enforcement Directorate (ED) on Tuesday arrested the former CFO and internal auditor of the Cox and Kings Group in connection with its money laundering probe in the Yes Bank alleged loan default case. The agency said ex-chief financial officer Anil Khandelwal and internal auditor Naresh Jain were arrested under the provision of the Prevention of Money Laundering Act
Retail investors now own a larger share of smallcap companies than they did a year ago, thanks to their conviction in mutual fund (MF) schemes focused on this segment. Data from Capitaline shows that MFs' average holding in the National Stock Exchange Nifty Smallcap 250 Index stood at 9 per cent at the end of the October-December quarter of 2023-24 (FY24), up from 7.76 per cent in the same quarter of 2022-23.
'For the first time ever it has come below 1 per cent, at 0.97 per cent.'
There was no smooth surge in middle class prosperity for foreign businesses to tap into because of the Indian economy was mismanaged, argues Debashis Basu.
The dealers operating in the space have jumped nearly three times over the past two years.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
The Indian crew onboard a crippled container vessel that collided against a key bridge in Baltimore last week is healthy , according to a nonprofit organisation that has been in touch with the personnel.
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