Textiles and fabric manufacturer Raymond Ltd on Thursday said its shareholders have approved the reappointment of Gautam Hari Singhania as chairman & managing director for a term of five years effective from July 1, 2024, along with his proposed remuneration. "The shareholders of the company at their Annual General Meeting (AGM) held today (June 27) have approved the re-appointment of Singhania. "The AGM commenced at 3 pm and concluded at 4:05 pm," Raymond Ltd said in a regulatory filing.
Billionaire Gautam Singhania on Monday announced separation from wife Nawaz, saying the two have decided to pursue different paths. Singhania, 58, had married Nawaz Modi, daughter of solicitor Nadar Modi, in 1999. "This Diwali is not going to be the same as many in the past," Singhania, chairman and managing director of textiles-to-real estate conglomerate Raymond Ltd, said in social media posts.
Car restoration service provider Super Car Club Garage (SCCG), backed by Raymond chairman and managing director Gautam Singhania, has sought the Centre's green light for a licence to import foreign vehicles for restoration and subsequent re-export.
Five-time Indian National Rally champion Hari Singh remains missing after a speedboat crash in the Maldives. Industrialist Gautam Singhania was among those on board.
If elected, Singhania will become a member of the FIA World Motor Sports Council Board and will represent the FMSCI as its Titular.
'Trump's sparring with China is good for business,' Raymond's CMD tells Pavan Lall.
Raymond Ltd chairman and managing director Gautam Singhania's estranged wife Nawaz Modi Singhania has resigned as a director on the board, according to a statement by the company on Wednesday. Raymond Ltd has announced the resignation of Nawaz Modi Singhania as a director on the Board of the company.
The 52-year-old driver, Atish Shah, lost control of the wheels, and as a result, the car skidded on the road and rammed into the divider, he said.
Kush Maini creates history with Sprint Race victory at iconic Monaco GP
Independent directors of Raymond Ltd on Friday said they are monitoring the situation arising out of the matrimonial dispute of company's Chairman and Managing Director Gautam Singhania to ensure it does not affect his capacity to manage the affairs and business of the firm. In a joint communication shared on BSE by the company, the independent directors also said they have decided to retain Berjis Desai, a senior independent legal counsel, who has no links with promoters or the company, for advising them.
"Multi-hyphenation is the future. Everybody should do everything. After all, we have one life," says Chef Ranveer Brar.
Proxy advisory firm Institutional Investor Advisory Services (IiAS) has asked independent directors of Raymond Ltd to consider appointing an interim CEO and investigate the allegations of assault by its chairman and MD Gautam Singhania on his wife and daughter, and the use of company funds for personal benefit. In an open letter to the company's five independent directors, IiAS also suggested they ask Singhania and his estranged wife Nawaz Modi, also a board member, to take time off from their responsibilities as board members. The five independent directors to whom the letter was addressed are Mukeeta Jhaveri, Ashish Kapadia, Dinesh Lal, K Narsimha Murthy, and Shiv Surinder Kumar.
Singhania's Rs 1,041 cr gift to son Gautam triggers war over assets
'The retail business was somewhat slow initially, but it has picked up over the past seven to eight days. Following Makar Sankranti, there is a renewed sense of positivity.'
'He was Vibrant, Colourful, Funny, Genius, Compassionate, Larger than Life, Kind and many more things!' 'Above all A Great Human being.'
'Being financially independent is crucial.' 'This spares women a lot of grief if the marriage, especially in large business families, breaks down.'
The estimated costs of these weddings start from Rs 100 crore and go up to Rs 700 crore.
The 11th edition of the Mercedes-Benz Classic Car Rally in Mumbai on Sunday featured headturners that left the audience gasping in awe. Rajesh Alva/Rediff.com presents a ringside view.
'While the current pause offers temporary reprieve and alleviates any immediate legal pressure, the long-term implications remain uncertain.'
The car rebuilt with a V8 Chrysler engine and it produces 500 BHP. It can attain a top speed of 200 kmph.
Lack of infrastructure and racing culture among the Indians have resulted in motorsports not being able to grow as quickly as it could have in the country, feels racing enthusiast and businessman Gautam Singhania.
Raymond, the Singhania group's flagship company, has forayed into real estate development.
Shastri shared a picture on Twitter on Tuesday along with SRK, Raveena Tandon, and industrialist Gautam Singhania.
The Parx Super Car Show 2012, organised by the Super Car Club (SCC) in association with Autocar India, took off to a roaring start with excited Mumbaikars vying for a glimpse of the 80 odd super cars displayed at the Riding School at Mahalaxmi Race Course.
It was not immediately known if the residential premises of the industrialist were also being searched by the sleuths.
Union Information and Broadcasting Minister Ravi Shankar Prasad and National Security Adviser Brajesh Mishra were among those who had turned up at the Gaddafi Stadium in Lahore to support the Indian cricket team in the 4th ODI match against Pakistan.
Italian watch-maker Panerai is eyeing the Indian market and has contacted few a celebrities from India to be a part of its adventure 'Panerai Classic Yachts Challenge' in Mediterranean scheduled for June next year.
Agencies had earlier prepared a list of about 37 industrialists, whom they considered vulnerable, but later pruned it to 25 and submitted it to the home ministry last week.
Bullish on the Indian textile sector and freeing of quota regime, apparel-maker Raymond has increased its investment in the joint venture with Italy's Gruppo Zambaiti to Rs 200 crore (Rs 2 billion) from the earlier Rs 180 crore (Rs 1.8 bilion).
Chalo Jeete Hain is a film based on Narendra Damodardas's childhood.
Armaan Jain and Anissa Malhotra's wedding reception saw the who's who of Bollywood in attendance.
Celebrities in attendance at the Luxury Lifestyle Week held in Mumbai.
Health issues, divorce, court battles, moral turpitude, and more can all distract the CEO and impinge on a company's performance. So, how much of their private life should a company disclose? asks Amit Tandon.
Vintage car lovers were in for a treat on Sunday as four-wheelers from the past rolled down the streets of Mumbai's Bandra-Kurla complex. The event is one of the installments of the Mumbai Festival held by Things2do & Maharashtra tourism department, which is organising various events to boost the city's tourism and provide the best experiences to the Mumbaikars. This Vintage Drive in partnership with Vintage and Classic Car Club of India and Western India Automobile Association saw over 200 vintage cars and bikes participating in the event -- a 20-kilometre long stretch from BKC to Ballard Pier in south Mumbai. To kick off this event, Maharashtra Chief Minister Uddhav Thackeray rolled in with style, who drove himself to the venue. And from what we could see, the CM is an auto-enthusiast himself, taking in the sights.
Fast cars, marathons, golfing and shooting - nothing stops these high-power tycoons from pursuing their passion.
Presenting pics from Akash Ambani and Shloka Mehta's grand wedding reception hosted in Mumbai.
The iconic Audi 100 won by Ravi Shastri at the 1985 World Championship of Cricket in Australia was restored back to its original glory and handed back to the former India captain and coach by Gautam Hari Singhania, chairman and managing director of Raymond, in Mumbai on Friday.
A look at the starry arrivals.
'Nothing in this world is permanent. So also in business.' 'And more so in family businesses where family issues often influence business decisions,' point out S Subramanian and Nupur Pavan Bang.
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