Nearly 98% of shareholders vote in favour of his reappointment and payment of remuneration to Lodha.
Birla Corporation has grown from a Rs 1,763-crore company to Rs 3,200 crore; profitability, however, has suffered due to the slowdown.
The order, which set aside the August 9 ruling of a single-judge bench, prevented the group entities from publishing the voting results of the last AGM. However, the firms will now be able to execute decisions taken at the AGM last year. People in the know said the Birlas would appeal against the order in a higher court.
The court's directions mean that Lodha immediately ceases to hold all positions in the M P Birla group, including as director in the firms and other positions in the trusts and societies of the M P Birla group, a statement from the Birlas read.
In the wake of the Supreme Court order on reforms in the Indian Cricket Board, former BCCI vice-president Gokaraju Gangaraju quit as secretary of Andhra Cricket Association while GVK Ranga Raju has taken over as the head of the state unit.
'Some of the recommendations, I feel is too much. Let us not take anything away from the BCCI.'
Vindhya Telelinks, Universal Cables and Birla Cable shareholders go against family's wishes.
India's residential market is expected to sustain demand momentum despite rise in mortgage and property rates as sales this year across the top 7 cities are likely to breach pre-pandemic level of 2.62 lakh units, industry players said. After braving four back-to-back disruptions in form of demonetisation, RERA, GST and COVID-19 in the last 6 years, industry experts feel the housing market is going through a lot of structural changes and is now at the start of a long-term upcycle. Homebuyers body FPCE gives credit to the Real Estate Regulatory Authority (RERA) under the Real Estate (Regulation & Development) Act, 2016 for this improved buying sentiment.
It was a replay of the annual general meetings of the cable companies of the M P Birla group last month even as the Birla side raised "illegalities" in the latest poll results.
Former DDCA president Sneh Bansal had written a letter to the Lodha Panel secretary Gopal Shankarnarayan, claiming that all 24 directors of DDCA are ineligible as per Supreme Court ruling on January 2, but treasurer Ravinder Manchanda claimed otherwise.
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The fierce litigious fight for little-known Birla Corporation marked the first major controversy for this storied and reserved business family.
Dhoni led the Chennai franchise to its third IPL title in 2018, making it a dream return to the competition after the team served out a two-year ban for its management's role in the 2013 spot-fixing scandal.
Suspended for life from taking part in any form of cricketing activity by the Supreme Court-appointed Justice Lodha Committee, Rajasthan Royals' former co-owner Raj Kundra said, "I have been wronged".
Former India skipper Rahul Dravid says the Justice Lodha committee's decision to ban Chennai Super Kings and Rajasthan Royals from the Indian Premier League for two years will affect the young players, but the verdict of the Supreme Court-appointed panel must be respected.
'2013 was the most difficult phase in my life, I was never depressed as much as I was then'
The BCCI followed the reverse bidding process to select the two new team owners. The new teams will replace the suspended teams Chennai Super Kings and Rajasthan Royals, for two years.
After some tough talk that the Centre has been given a 'long rope' and 'failed' to break the deadlock and not been 'effective' in handling the stir, the court said it will pronounce orders on Tuesday on various issues related to the farm laws and the farmers' ongoing stir at Delhi borders.
An Olympic campaign saved by the fortitude of three women, a cricket team that rediscovered itself under a bold and zealous Virat Kohli -- Indian sports in 2016 was a dramatic mix of highs and lows wherein athletes mostly raised the bar but administrators found new ways to embarrass the country.
