News for 'Group Management Board'

Investing In Stocks? Dump Finfluencers!

Investing In Stocks? Dump Finfluencers!

Rediff.com20 Mar 2023

Seek advice from Sebi-registered investment advisors whose names are available on Sebi's Web site.

'Xi didn't want to avoid Modi at G20'

'Xi didn't want to avoid Modi at G20'

Rediff.com27 Sep 2023

'We will likely never know why Xi decided not to travel to New Delhi. One possible explanation could be his desire to avoid a meeting with US President Joe Biden.'

Adi Godrej to step down; brother Nadir to take over

Adi Godrej to step down; brother Nadir to take over

Rediff.com13 Aug 2021

The 79-year-old industrialist will continue to serve as chairman of the Godrej Group and chairman emeritus of GIL, said the statement. "Nadir Godrej, who is currently managing director of GIL, will take over as chairman and managing director of the company," it added.

CISF adds 100 personnel to man new security counters in Mumbai, Delhi airports

CISF adds 100 personnel to man new security counters in Mumbai, Delhi airports

Rediff.com14 Dec 2022

The Central Industrial Security Force (CISF) has prepared a pool of more than 100 personnel to man additional security counters expected to be handed over to it for easing the ongoing congestion at large airports of Delhi and Mumbai, official sources said Wednesday.

India Inc leans on InvITs to reduce debt, generate returns for investors

India Inc leans on InvITs to reduce debt, generate returns for investors

Rediff.com20 Apr 2023

Reliance Industries, construction major L&T and IRB Infrastructure are some of the top companies that have used an infrastructure investment trust structure to reduce part of their debt and generate returns for their investors. Earlier this month, IRB Infrastructure InvIT was listed on the National Stock Exchange, giving its investors an option to exit by selling their units. The listing came within months of the Securities and Exchange Board of India's (Sebi's) guidelines for conversion of private unlisted InvITs into listed ones were issued.

TCS Q4 net rises 15% to Rs 11,392 crore

TCS Q4 net rises 15% to Rs 11,392 crore

Rediff.com12 Apr 2023

Software major Tata Consultancy Services on Wednesday reported a 14.8 per cent rise in net income to Rs 11,392 crore for the fourth quarter of last fiscal against Rs 9,959 crore in the year-ago period. The country's largest technology services company by market value said its revenue rose 16.9 per cent to Rs 59,162 crore during the reporting season from Rs 50,591 crore a year ago.

One year since Tatas took over Air India, here's how the journey has been

One year since Tatas took over Air India, here's how the journey has been

Rediff.com2 Feb 2023

When the Tatas re-boarded Air India on January 27 last year, the price of aviation turbine fuel was at over Rs 80,000 per kilolitre. Rupee was trading at around Rs 74 to a US dollar. The Omicron variant of Covid-19 was in prevalence - barely a week earlier, India had reported over 340,000 cases on a single day. Seven-day home quarantine of international travellers was the norm.

Cyrus Mistry: Reclusive scion who let his work do the talking

Cyrus Mistry: Reclusive scion who let his work do the talking

Rediff.com4 Sep 2022

A naturally reclusive nature and a conviction for the work to do the talking meant there was very little known about Mistry even during his time at the helm of Tata Sons. He did not do a single media interview from Bombay House.

'The bus was torn into by a torrent of bullets'

'The bus was torn into by a torrent of bullets'

Rediff.com2 Aug 2023

The team heard a loud crackle. Then the scream came from Dilshan at the front of the bus. 'Get down.' Jayawardene was hit first; his sock filled with blood. Outside, twelve gunmen blocked the exit. A revealing excerpt from Nicholas Brookes's An Island's Eleven: A History of Cricket in Sri Lanka.

Padma Bhushan for Indian vaccine makers

Padma Bhushan for Indian vaccine makers

Rediff.com25 Jan 2022

Microsoft Chairman and CEO Satya Nadella along with Alphabet Inc and its subsidiary Google CEO Sundararajan Pichai are also among those from trade and industry who have been awarded the Padma Bhushan for their distinguished services.

I-T seizes over Rs 135 cr cash, jewellery from Sahara group

I-T seizes over Rs 135 cr cash, jewellery from Sahara group

Rediff.com24 Nov 2014

The agency had received intelligence inputs that a huge amount of "unaccounted" cash is lying at the groups properties at Delhi and Noida.

ISRO removes sinking Joshimath images after gag order

ISRO removes sinking Joshimath images after gag order

Rediff.com14 Jan 2023

The statements on Joshimath are creating confusion not only among affected residents but also among citizens of the country.

Debt Collection Goes Digital

Debt Collection Goes Digital

Rediff.com10 Aug 2023

Companies don't have to be in the field to nudge people to return money they owe lenders.

IL&FS to resolve debt of Rs 55,000 cr by March

IL&FS to resolve debt of Rs 55,000 cr by March

Rediff.com13 Feb 2022

IL&FS group would resolve debt of Rs 55,000 crore by March 2022, the board of the crisis-hit company has stated in its affidavit filed before the National Company Law Appellate Tribunal (NCLAT). While updating the progress of the resolution progress, the IL&FS board, led by Uday Kotak, said Rs 55,000 crore debt would be resolved through asset monetisation, restructuring and insolvency proceeding initiatives. Some of this has already been completed while the rest is at different stages of resolution, it said in a brief snapshot on the progress made in the ongoing resolution process till December 7, 2021, and suggested estimates of progress to be made by March 2022.

Tata Steel board meets ahead of Corus auction

Tata Steel board meets ahead of Corus auction

Rediff.com30 Jan 2007

The board of Tata Steel, which will enter an open bidding war with Brazil's CSN for Corus on Tuesday, met in Mumbai presumably to discuss the strategy for the auction and also consider the quarterly results.

CBI questions former NSE CEO Chitra Ramkrishna

CBI questions former NSE CEO Chitra Ramkrishna

Rediff.com18 Feb 2022

The CBI on Friday questioned former CEO of National Stock Exchange (NSE) Chitra Ramkrishna in view of fresh facts emerging in connection with its ongoing probe into the alleged abuse of co-location facility in the NSE, officials said. The agency has also opened look out circulars against Ramkrishna, another former CEO Ravi Narain and former COO Anand Subramanian to prevent them from leaving the country. The central probe agency had booked a owner and promoter of Delhi-based OPG Securities Pvt. Ltd, Sanjay Gupta and other in connection with alleged abuse of NSE co-location facility to make gains by getting early access to the stock market, they said.

Should you invest in long-duration funds?

Should you invest in long-duration funds?

Rediff.com31 Mar 2023

'The long maturity of these funds makes them well-suited for long-term financial goals such as saving for retirement or children's education or marriage.'

Key highlights of G20 New Delhi Leaders' declaration

Key highlights of G20 New Delhi Leaders' declaration

Rediff.com9 Sep 2023

Prime Minister Narendra Modi on Saturday announced the adoption of the New Delhi Leaders Declaration, a significant victory for India's G20 presidency that came amid increasing tensions and divergent views over the Ukraine conflict.

Why IBC has has become less bankable for resolution professionals

Why IBC has has become less bankable for resolution professionals

Rediff.com18 Jun 2023

Larger firms feel that the smaller players have muddied the waters for the IBC process, leading to excessive regulation of resolution Professionals.

Revealed: How PM Planned Demonetisation

Revealed: How PM Planned Demonetisation

Rediff.com8 Nov 2022

November 8 marks 6 years after demonetisation. A K Bhattacharya reveals how the prime minister and the RBI worked together for months before Modi's 8 pm speech. A riveting excerpt from The Rise Of Goliath: Twelve Disruptions That Changed India.

FMC bars NSEL, group cos from commodity auctions

FMC bars NSEL, group cos from commodity auctions

Rediff.com3 Oct 2013

The FMC on Thursday barred the National Spot Exchange and group firms from auctions of commodities held by the bourse after a complaint that firms related to the former managing director took part in the bidding process.

Tatas Planning First IPO In 18 Years

Tatas Planning First IPO In 18 Years

Rediff.com18 Jul 2022

The Tata Tech IPO will be the first from the Tata group since TCS listed its shares in 2004.

Who Is RESPONSIBLE For The NSE Mess?

Who Is RESPONSIBLE For The NSE Mess?

Rediff.com22 Feb 2022

In all this, the political establishment -- and especially the finance ministry -- appears the weakest link, and worse still, the possible reason for the political backing to Narain and Ramkrishna that emboldened them to defy all the sentinels -- the independent board, the auditors, top management persons like the chief compliance officer, the company secretary, and unbelievably the super-regulator Sebi, observes V Ranganathan.

IPO filings halve as outlook worsens

IPO filings halve as outlook worsens

Rediff.com23 Mar 2023

The filing of offer documents with the capital markets regulator - Securities and Exchange Board of India - has more than halved this financial year (2022-23, or FY23) as the outlook for new share sales has worsened, following correction in the secondary market. So far in FY23, 66 companies filed their draft red herring prospectus (DRHP), as opposed to 144 in the preceding financial year (2021-22, or FY22).

Be wary about the Muslim law board's stand on triple talaq

Be wary about the Muslim law board's stand on triple talaq

Rediff.com25 May 2017

When the Muslim Personal Law Board promises 'advisories' and nikahnamas to the Supreme Court, one has to remember not only its recent campaign against any change in Muslim personal law, but also its past record of inaction on the question of triple talaq, says Jyoti Punwani.

Dish TV vs Yes Bank: Another corporate battle looms

Dish TV vs Yes Bank: Another corporate battle looms

Rediff.com18 Oct 2021

Even as the corporate battle over Zee Entertainment Enterprises (ZEEL) has reached the Bombay high court, another Essel Group firm - Dish TV India - is gearing up for a legal battle with YES Bank by planning to move the National Company Law Tribunal to appoint six of its nominees on the board of the loss-making company. While Dish TV said YES Bank has acquired 26 per cent stake by invoking the pledged shares of Essel Group promoter, it also said YES Bank must make an open offer to shareholders of the company, according to the Securities and Exchange Board of India (Sebi) takeover code. This, as YES Bank is seeking to take control of the company, said Dish TV.

Mukesh Ambani's succession plan - retail to Isha, energy to Anant

Mukesh Ambani's succession plan - retail to Isha, energy to Anant

Rediff.com29 Aug 2022

Billionaire Mukesh Ambani on Monday laid bare the succession plan at India's most valuable company, identifying twins children Akash and Isha for telecom and retail leadership, and youngest son Anant for new energy unit. He, however, insisted he isn't retiring yet and will "continue to provide hands-on leadership as before". At the annual shareholders' meeting of Reliance Industries Ltd, he said the robust architecture that he has announced will ensure the firm remains "a unit, well-integrated and secure institution even as it develops existing businesses and adds new growth engines."

Wipro hires former TCS veteran as Group Prez & COO

Wipro hires former TCS veteran as Group Prez & COO

Rediff.com16 Mar 2015

Wipro hires former TCS veteran as Group Prez & COO.

SC orders vigilante groups in Kerala to stop killing stray dogs

SC orders vigilante groups in Kerala to stop killing stray dogs

Rediff.com17 Nov 2016

A bench of Justices Dipak Misra and Amitava Roy said it failed to understand as to how such groups could be formed to eliminate stray dogs when there is a law to deal with the issue.

When R K Krishna Kumar Spoke To Rediff

When R K Krishna Kumar Spoke To Rediff

Rediff.com2 Jan 2023

Few people know Ratan Tata as well as R K Krishna Kumar does. Widely perceived to be among the managers closest to Tata, Krishna Kumar assesses Ratan Tata, the man and business leader, in this exclusive interview to Rediff.com's Vaihayasi Pande Daniel.

Madhabi Puri Buch to head Sebi, first woman to do so

Madhabi Puri Buch to head Sebi, first woman to do so

Rediff.com28 Feb 2022

The government on Monday appointed former Sebi member Madhabi Puri Buch as chairperson of the Securities and Exchange Board of India.

'PVR-INOX Merger In Final Stages'

'PVR-INOX Merger In Final Stages'

Rediff.com14 Jan 2023

'We would love to have more players entering the market because that is how the business will grow.'

BharatPe: Another founder vs investor battle starts

BharatPe: Another founder vs investor battle starts

Rediff.com4 Feb 2022

With Bharatpe's co-founder Ashneer Grover launching an offensive against the firm's investors after facing a probe over alleged fraud, abrasive behaviour and corporate governance issues, the company on Friday said questioning the integrity of board members and misrepresentation of facts is painful. "The (company) board in all its actions has followed due process in the best interest of the company. We would urge that the confidentiality and integrity of the governance review and board meetings is maintained by all," BharatPe said in a statement. The statement followed Grover, who was sent on a three-month leave following allegations of using abusive language against Kotak Mahindra Bank staff and for fraudulent practices, reportedly saying he was "arm-twisted" by the company's investors into going on leave and that he had lost confidence in CEO Sameer Suhail.

How easy is it to manage a hotel?

How easy is it to manage a hotel?

Rediff.com2 Mar 2005

The Welcomegroup's Graduate School of Hotel Administration invites applications for its Bachelor of Hotel Management programme.

How Saridon has managed to remain top of the mind

How Saridon has managed to remain top of the mind

Rediff.com3 May 2019

What has worked though for Brand Saridon has been its single-minded focus on headaches as opposed to other analgesics that dwell on a wider set of problems, reports Sohini Das.

BCCI's opposition in vain as ICC Board approves Big 3 rollback

BCCI's opposition in vain as ICC Board approves Big 3 rollback

Rediff.com4 Feb 2017

The majority of the International Cricket Council's Board members on Saturday voted in favour of restructured revenue sharing model including rollback of the Big 3 formula despite vehement opposition from Board of Control for Cricket in India's representative Vikram Limaye.

Devika Bulchandani has shattered the glass ceiling for good

Devika Bulchandani has shattered the glass ceiling for good

Rediff.com21 Sep 2022

'Devika is a people's person, who simply loves what she does. This reflects in her work; the insights she brings to the table and the way she interacts with people and clients. She has the demeanour of a good captain. Her success is well-deserved.'

Invesco, Zee saga drags on

Invesco, Zee saga drags on

Rediff.com11 Oct 2021

In an open letter to Zee's shareholders, Invesco, which holds a 7.74 per cent stake in the firm, reiterated its demand for an overhaul of the media group's board and that it would pursue extraordinary general meeting (EGM) to oust chief executive Punit Goenka and two other directors. Last month, Sony Group Corp's India unit signed a non-binding offer to buy Zee.