Zee Entertainment Enterprises Ltd on Wednesday approached the National Company Law Appellate Tribunal (NCLAT) against the requisition of minority shareholders Invesco and OFI Global China Fund to convene an Extraordinary General Meeting (EGM) to discuss various issues, including removal of managing director Punit Goenka. The media major has challenged the orders of Mumbai-bench of the National Company Law Tribunal, which had on Tuesday directed Zee Entertainment Enterprises Ltd (ZEEL) to filed reply over the petition filed by its minority shareholders by October 7 (Thursday), the next date of hearing. Confirming the development, a ZEEL Spokesperson said: "The company has moved NCLAT in accordance with the due process available under the law."
The results will give an indication whether Nilekani would continue with the software plus services strategy adopted by Sikka, or tweak it to reflect his worldview of the explosion in data.
Infosys co-founder S D Shibulal has received little over four lakh shares of the company as a gift, taking the total number of shares owned by him to more than 21.6 lakh shares, according to a regulatory filing. Infosys, on Friday, informed the stock exchanges that "4,01,000 equity shares (representing 0.01 per cent) of Infosys Ltd by way of gift as off market transaction on November 12, 2020" were given to Shibulal. The filing did not mention who gifted these shares.
'The move is a succession plan where Sikka comes on the board as vice chairman.'
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.
His celebratory gesture on Thursday night marks a first for Downing Street, which annually sees the UK prime minister host a Diwali gathering and an Annakut, or spread of festive food, from London's Swaminarayan Mandir next door at No 10.
The annual award includes a pure gold medal, a citation and a prize purse worth $ 100,000 or its equivalent in the Indian rupees.
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The son is not being groomed for a bigger role in the company as of now.
In Tamil Nadu, though reformist spiritual giant Sri Ramanujacharya was a crusader against discrimination who nurtured equality almost a millenium ago, the broad canvas of social justice had only an occasional place for him.
'If Indians are as smart as their counterparts in university, and have equal opportunity, then what is the reason that we cannot produce inventions of quality that are recognised by the world?'
The company requires a change in leadership, says T V Mohandas Pai, former board member and head of HR & administration at Infosys.
Rohan Murty, Infosys co-founder NR Narayana Murthy's son, is working as an executive assistant to his father, CEO and Managing Director SD Shibulal said on Friday, addressing concerns about his role.
As Boris Johnson's "partygate" troubles mount and members of his own Conservative Party demand he step down as the British prime minister, one name is doing the rounds as a frontrunner to take charge -- his Indian-origin chancellor and Downing Street neighbour Rishi Sunak.
India's second-largest software services company Infosys on Wednesday posted 12 per cent year-on-year rise in consolidated net profit at Rs 5,686 crore for March quarter 2021-22. The Bengaluru-based company had registered a net profit (after minority interest) of Rs 5,076 crore in the corresponding period previous year, according to a regulatory filing. Infosys' revenue grew 22.7 per cent to Rs 32,276 crore in the quarter from Rs 26,311 crore in the year-ago period, it added.
The report published by an English daily said the promoters wanted to sell their entire stake as they were unhappy over the manner in which the company was being run.
Lauding the Senate confirmation of 37-year-old Vivek Murthy as the youngest ever Surgeon General, more than a year after his nomination, US President Barack Obama has said the Indian-American physician would hit the ground running as the country's top doctor.
Parekh in a video address to employees expressed delight on leading the iconic company
The human chain was formed on Tuesday night as a result of some quick thinking while violence sent shock waves across DJ Halli, KG Halli and neighbouring areas of Pulakeshinagar.
Sore points: Sikka's salary, high severance pay to executives, poor disclosures.
In a stellar performance, Indian American US Surgeon General Dr Vivek Murthy took on one critic after another at the Senate confirmation hearing. Aziz Haniffa reports.
Infosys co-founder Murthy was named 'Philanthropist of the Year'
Outgoing Valencia coach Cesare Prandelli was fiercely criticised on Saturday for 'giving up' on the ailing Spanish giants and for looking for excuses to walk out on the team as they hover above the relegation zone.
Their investments in start-ups exceed Rs 1,000 crore at present.
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed.
Kaleem Pasha, husband of Bruhat Bengaluru Mahanagara Palike (BBMP) Nagavara Corporator Irshaad Begum, and is said to have instigated the rioters, official sources said.
Stating that he has no intention to become CEO of the company, he said the future strategy of Infosys will be aligned with global developments and he sees tremendous opportunity in software data and machine learning.
Leaving the United States is the only solution left, felt Sheela Murthy of the Baltimore, Maryland-based Murthy Law Firm, for students of Tri-Valley University, who have been running from one university to another and from one attorney to another since federal authorities raided and shut down the college on January 19.
Bala gets Murthy's open backing but it's an open field in this long run-up to Shibulal's handing over.
It is also for the first time ever that so many Indian-Americans have been roped into a presidential administration ever before the inauguration. Biden, a Democrat, is still quite far away from filling all the positions in his administration.
Head of Infosys' European arm, Srinjay Sengupta, has joined technology and operations firm iGATE Global Solutions as its chief sales officer, iGATE announced on Thursday.
Four Indians are among Fortune magazine's list of 20 "extraordinary" technology czars and young entrepreneurs analysing data and processing big numbers to discover information that will "transform the way businesses operate."
He is followed by Nandan Nilekani and Narayan Murthy in Hurun India Philanthropy List
Siva Sankar looks at S P Balasubrahmanyam's fantastic repertoire.
The missive to the chief minister came as the MLAs were reportedly shepherded to Mumbai last night and kept in a five-star hotel to apparently prevent them from being poached for the June 11 biennial polls to four RS seats from the state.
New strategy for Infosys by October, says Nandan Nilekani. New chairman's other priorities: Hiring CEO, reviewing Panaya probe reports.
Prime Minister Manmohan Singh sought an end to the cycle of violence in Kashmir while addressing an all-party meet in New Delhi on Tuesday."The key to the problem in Kashmir is a political solution that addresses the alienation and emotional needs of the people," said the PM. The prime minister proposed the setting up of an expert group headed by Dr C Rangarajan with N R Naryanmurthy, Tarun Das and others to formulate a jobs plan for the state.
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