News for 'Group Management Board'

HR GURU: 'I work hard but don't get positive feedback'

HR GURU: 'I work hard but don't get positive feedback'

Rediff.com13 Sep 2022

'Have a candid discussion with your management and raise your concerns,' suggests HR Guru Mayank Rautela.

Taj hotels' foreign expansion plan back on drawing board

Taj hotels' foreign expansion plan back on drawing board

Rediff.com12 Sep 2014

The company divests from properties abroad to focus on its key markets.

Air India's CEO choice leaves many questions

Air India's CEO choice leaves many questions

Rediff.com10 Mar 2022

The Tata group has begun its second innings with Air India from a war zone. Being first up in Operation Ganga to evacuate Indian nationals from Ukraine, the salt-to-software conglomerate has faced a real war. But the fire-fighting that the group experienced in appointing a chief executive officer (CEO) for the airline that it acquired from the government in a Rs 18,000-crore deal recently may have felt no less.

13 dead as bus from Pune to Mumbai falls into gorge

13 dead as bus from Pune to Mumbai falls into gorge

Rediff.com15 Apr 2023

The deceased included at least five minors, including a six-year-old boy and a girl aged 15, while of the total number of injured, at least six are minors.

Wipro reboots top management, Abidali Neemuchwala is CEO

Wipro reboots top management, Abidali Neemuchwala is CEO

Rediff.com4 Jan 2016

'Abid Neemuchwala has demonstrated a deep understanding of technology, business vision, sound judgment, and an innate ability to bring people together.'

KKR's battle for survival; LSG sets sights on playoffs

KKR's battle for survival; LSG sets sights on playoffs

Rediff.com19 May 2023

LSG do not have to fret so much about the mathematical scenarios as a win would be enough for them to seal their back-to-back playoff berth.

Younis in doubt for entire group stage of CT

Younis in doubt for entire group stage of CT

Rediff.com22 Sep 2009

Already out of the opening match, Pakistan captain Younis Khan could end up missing his team's entire group stage campaign of the Champions Trophy in South Africa due to a hand injury.

Anderson gutted for injured Archer; Bairstow sympathises with dropped Foakes

Anderson gutted for injured Archer; Bairstow sympathises with dropped Foakes

Rediff.com18 May 2023

'I know how hard he has worked to try to get back fit and I hope it is not too bad and he can get back as soon as possible.'

NSEL crisis: Govt mulls Board changes for merged entity

NSEL crisis: Govt mulls Board changes for merged entity

Rediff.com27 Oct 2014

The Ministry's decision comes more than a year after the payment scam at NSEL came into light in July 2013.

Sri Lanka Cricket appoint 3-mem panel to probe Danushka

Sri Lanka Cricket appoint 3-mem panel to probe Danushka

Rediff.com8 Nov 2022

The 31-year-old left-hander, who was arrested on Sunday ahead of the team's departure from Australia, was denied bail by a local court in Sydney on Monday, even as the SLC suspended him from all forms of the game with immediate effect.

Time To Shift To Non-Par Plans For Long Term

Time To Shift To Non-Par Plans For Long Term

Rediff.com10 May 2023

'Non-par plans returns are not market-linked. Hence, they can offer guaranteed returns.'

Has Sanatana Dharma Met Its Electoral Match In Caste Census?

Has Sanatana Dharma Met Its Electoral Match In Caste Census?

Rediff.com5 Oct 2023

It is not much of an issue just now, but it could become one if the idea of caste census captures socio-political imagination, going beyond electoral tags and identities, says N Sathiya Moorthy.

Will ITC's Sanjiv Puri manage to give shape to Deveshwar's grand plans?

Will ITC's Sanjiv Puri manage to give shape to Deveshwar's grand plans?

Rediff.com29 May 2019

To take the Rs 49,000 crore ITC to the top slot in the highly competitive FMCG business will require some aggression.

'HDFC merger template for faster growth'

'HDFC merger template for faster growth'

Rediff.com20 Jul 2023

'If we want faster growth and want greater flow of credit towards the private sector, it's important to have many more of such large entities.'

Vodafone Idea in talks with vendors for 5G rollout

Vodafone Idea in talks with vendors for 5G rollout

Rediff.com16 Feb 2023

Vodafone Idea (Vi) is in continuous talks with network vendors to finalise its 5G rollout plans, Vodafone Idea CEO Akshaya Moondra said. "We are in early stages of 5G deployment. "5G is an important development and we are keeping our eyes on it," Moondra said on Wednesday in a post-result analyst call. Already five months behind rivals Jio and Airtel in the 5G race, Vi's efforts will be on the deployment of 5G in target geographies.

De Kock skips T20 WC game after SA asked to take knee

De Kock skips T20 WC game after SA asked to take knee

Rediff.com26 Oct 2021

South Africa wicketkeeper-batsman Quinton de Kock skipped Tuesday's Twenty20 World Cup match against West Indies citing "personal reasons" after the team were directed to take a knee in their remaining matches in the tournament.

Infosys Q4 result disappoints Street; net rises 7.8% to Rs 6,128 crore

Infosys Q4 result disappoints Street; net rises 7.8% to Rs 6,128 crore

Rediff.com13 Apr 2023

Infosys on Thursday posted a 7.8 per cent year-on-year rise in consolidated net profit at Rs 6,128 crore in March quarter of FY23, and gave 4-7 per cent revenue growth forecast for FY24 amid macro economic uncertainities. The net profit (after minority interest) stood at Rs 5,686 crore in the fourth quarter of FY22. Seen sequentially, the net profit for Q4 came in 7 per cent lower.

Ilker Ayci is first foreign-national to head Air India

Ilker Ayci is first foreign-national to head Air India

Rediff.com14 Feb 2022

The Air India board met on Monday afternoon to consider the candidature of Ilker Ayci and after due deliberations approved the appointment of Ayci as the CEO & MD of Air India, Tata Sons said in a statement.

Ilker Ayci is first foreign-national to head Air India

Ilker Ayci is first foreign-national to head Air India

Rediff.com14 Feb 2022

The Air India board met on Monday afternoon to consider the candidature of Ilker Ayci and after due deliberations approved the appointment of Ayci as the CEO & MD of Air India, Tata Sons said in a statement.

ED raids multiple locations in NSE co-location case

ED raids multiple locations in NSE co-location case

Rediff.com8 Apr 2022

The Enforcement Directorate on Friday conducted multiple raids in connection with its money laundering probe into the alleged irregularities in the National Stock Exchange (NSE) co-location case, officials said. The central probe agency is covering nine premises in Delhi and neighbouring Gurugram including those of some brokers involved in the case, they said. The raids are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA).

The A-W Of Desi Guests At the White House Dinner

The A-W Of Desi Guests At the White House Dinner

Rediff.com24 Jun 2023

The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.

FPIs allowed to deal in exchange-traded commodity derivatives

FPIs allowed to deal in exchange-traded commodity derivatives

Rediff.com30 Jun 2022

The Securities and Exchange Board of India's (Sebi's) board on Wednesday allowed foreign portfolio investors (FPIs) to trade in exchange-traded commodity derivatives. The move, it said, "will enhance liquidity and market depth, as well as promote efficient price discovery." Overseas investors will only be allowed to deal in non-agricultural commodity derivatives and only cash-settled contracts.

Decade on, Jaypee Infratech customers still waiting for a home

Decade on, Jaypee Infratech customers still waiting for a home

Rediff.com14 Apr 2021

Booked between 2007 and 2011, out of the total 32,700 residential units under various Jaypee Infratech (JIL) projects, at least 20,000 homes are yet to be delivered. Supreme Court documents show that, till last March, Jaypee had issued 7,997 offers of possession to homebuyers while executing only 6,530 sub-lease deeds. These deeds offer homebuyers possession rights but, unlike registration, does not guarantee absolute ownership.

'Chances of sabotage are very remote'

'Chances of sabotage are very remote'

Rediff.com12 Jun 2023

'To avoid accountability and cover the mismanagement of the head of the department, they create this kind of sabotage theory.' 'If it's a sabotage theory, then the higher-level officials can go scot-free.'

NSE in firefighting mode to minimise reputational harm after Sebi's order

NSE in firefighting mode to minimise reputational harm after Sebi's order

Rediff.com28 Feb 2022

The National Stock Exchange (NSE) has got into firefighting mode to control the reputational damage caused by the Securities and Exchange Board of India's (Sebi's) order against its former managing director and chief executive officer Chitra Ramkrishna and others. According to sources, the exchange's management over the past one week has met several key stakeholders, including officials in the finance ministry and Sebi, major shareholders, and trading members, trying to distance itself from the controversy. The exchange plans to hold more meetings in the coming week to ensure that trading volumes and confidence in the bourse don't get impacted, they added.

BJP wins Manipur, but no consensus on CM choice

BJP wins Manipur, but no consensus on CM choice

Rediff.com10 Mar 2022

The Bharatiya Janata Party is ahead in 20 seats in Manipur, with Chief Minister N Biren Singh leading by a handsome margin of more than 16,000 votes against his nearest Congress rival in Heingang constituency, Election Commission data showed.

Battered by three decades of controversy, TMB looks back to the future

Battered by three decades of controversy, TMB looks back to the future

Rediff.com28 Jul 2022

June was a memorable month for the 101-year-old Tamilnad Mercantile Bank (TMB). Last month, the Thoothukudi-based bank witnessed two new landmarks in a history in which the last three decades could easily qualify for a Kollywood blockbuster.

Manchester United up for sale?

Manchester United up for sale?

Rediff.com23 Nov 2022

Manchester United said on Tuesday it was commencing a process to explore strategic alternatives, including a new investment or a potential sale, 17 years after the American Glazer family bought the English Premier League soccer club.

Nexus files for $500 mn IPO in India's 1st retail REIT public offer

Nexus files for $500 mn IPO in India's 1st retail REIT public offer

Rediff.com18 Nov 2022

Global investment firm Blackstone-sponsored Nexus Select Trust has filed the draft paper with market regulator Sebi to launch India's first public issue of retail REIT to raise around $500 million (about Rs 4,000 crore), sources said. Nexus Select Trust has a portfolio of 17 operational shopping malls across 14 major cities, covering about 10 million square feet of area valued at around $3 billion. As per the sources, Nexus Select Trust has on Thursday filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) and is looking to hit the capital market with India's first retail REIT (Real Estate Investment Trust) public issue in the first half of the 2023 calendar year.

More trouble brews for Zee's Subhash Chandra & family

More trouble brews for Zee's Subhash Chandra & family

Rediff.com21 Sep 2021

Zee Entertainment last week witnessed shareholder activism that saw an open call for the ouster of promoters and the incumbent management led by Punit Goenka. Besides, Dish TV also faced a similar call earlier this month. The trouble at Zee Entertainment can be gauged from the fact that this is a unique company wherein the promoters own just 3.99 per cent, but fully control the firm.

NSE begins hunt for MD, CEO; invites applications

NSE begins hunt for MD, CEO; invites applications

Rediff.com4 Mar 2022

Leading stock exchange NSE, which is facing allegations of governance lapses, has started the hunt for a new managing director and chief executive officer as the five-year tenure of incumbent chief Vikram Limaye is ending in July. The exchange has invited applications from candidates having IPO (initial public offering) experience for the role of the top post before March 25, according to a public notice issued on Friday. Limaye is eligible for another term. However, as per Sebi's rule, the incumbent needs to compete with other candidates to win the next term.

Main accused in NSE co-location case arrested

Main accused in NSE co-location case arrested

Rediff.com22 Jun 2022

The CBI has arrested Sanjay Gupta, owner and promoter of Delhi based OPG Securities Pvt. Ltd, in connection with the NSE co-location scam in which brokers allegedly abused the facility to make gains by getting early access to the stock market, officials said on Wednesday. The agency has already arrested Chitra Ramkrishna, former CEO and managing director of NSE and Anand Subramanian, former group operating officer of the market, they said. Gupta was arrested on Tuesday night, four years after the agency had registered the FIR in the Co-location scam case against him and his company.

When India Hosted The First Asian Games

When India Hosted The First Asian Games

Rediff.com23 Sep 2023

Seventy two years ago, a newly independent India ventured to hold the the first Asian Games in Delhi with meager resources.

Ranji Trophy: Bengal in command over Uttarakhand; Avesh takes 5

Ranji Trophy: Bengal in command over Uttarakhand; Avesh takes 5

Rediff.com4 Jan 2023

A summary of all the action from Ranji Trophy matches played on Wednesday.

Zee: Whose company is it anyway?

Zee: Whose company is it anyway?

Rediff.com12 Oct 2021

The Zee saga will see a long-drawn-out court battle before shareholders get any chance to vote on any proposal by the management or Invesco, says Prosenjit Datta.

Sitharaman on Adani fallout: Regulators will look into it

Sitharaman on Adani fallout: Regulators will look into it

Rediff.com4 Feb 2023

India's economic image is not affected due to Adani Group's recent decision to pull out Rs 20,000 crore FPO (follow-on public offers) amid allegations of financial wrongdoings, Finance Minister Nirmala Sitharaman said on Saturday.

I-T dept conducts searches on Sahara group in Delhi, NCR

I-T dept conducts searches on Sahara group in Delhi, NCR

Rediff.com22 Nov 2014

Sahara group confirmed the development but expressed ignorance as to why this action was being taken against it.

Will the entry of PEs into banks lead to better governance?

Will the entry of PEs into banks lead to better governance?

Rediff.com24 Mar 2022

Private equity (PE) is set to play a bigger role in banks. Of 21 recommendations accepted by the Reserve Bank of India (RBI) out of 31 made by its Internal Working Group (IWG), its stance on non-promoter holdings in private banks is seen with excitement, though it doesn't refer to PEs explicitly. On non-promoter holdings in these banks, the RBI said this will be capped at 10 per cent of the paid-up voting equity share capital in the case "of natural persons and non-financial institutions and entities"; and "at 15 per cent for all categories of financial institutions, entities, supranational institutions, public sector undertaking, or the government." While this is a modification of the IWG's stance for the non-promoter holding in banks at up to 15 per cent, it does open up a huge window for PEs, all the same. This is because, while the RBI has remained silent on the eligibility of industrial houses for bank licences, fresh high-quality capital in large amounts can only come from PEs.

Pick Your India Team For The Semi-Final

Pick Your India Team For The Semi-Final

Rediff.com9 Nov 2022

Will India pick Dinesh Karthik or Rishabh Pant, Axar Patel or Yuzvendra Chahal for the semi-final game on Thursday?

Tatas pick SIA's low-cost airline CEO as Air India's new boss

Tatas pick SIA's low-cost airline CEO as Air India's new boss

Rediff.com12 May 2022

Tata Sons on Thursday announced the appointment of Campbell Wilson as chief executive officer and managing director of Air India. Wilson is the founding CEO of low-cost airline Scoot.