Mahindra & Mahindra chairman emeritus Keshub Mahindra passed away this morning in Mumbai due to old age. Mahindra, 99, breathed his last this morning at home peacefully, said a person close to the family. After joining the company in 1947, he became the chairman in 1963.
On Tuesday, one of the longest serving chairmen of India Inc decided to step down from his post, which he held for 49 years.
If the Bhopal judgment results in independent directors and CEOs/plant managers waking up to their responsibilities, that can only be a good thing.
T N Seshan believed that toughness at every level is needed to keep the flock under him strictly duty bound, recalls Dr K S Parthasarathy, former secretary, Atomic Energy Regulatory Board.
Standing ovations, flowers, gifts and rosy farewell speeches -- Keshub Mahindra's last annual general meeting (AGM) as chairman of Mahindra & Mahindra (M&M) had all this, and more.
Anand Mahindra, vice-chairman and managing director of Mahindra & Mahindra, has been selected for Business India's Businessman of the Year 2007 award. Anand Mahindra was selected for the award by an eminent jury chaired by Baba Kalyani, chairman and managing director, Bharat Forge.
Former Union Carbide India chairman Keshub Mahindra and four others, who were convicted on June 7 in the Bhopal gas leak case, were on Tuesday granted bail by a local court. UCIL former managing director Vijay Gokhle, former vice president Kishore Kamdar, former works manager J Mukund and former production manager S P Choudhry were granted bail by Chief Judicial Magistrate R V Singh.
Amid strong public reaction to the judgement in the Union Carbide case, the government is understood to be looking at legal position to check if Carbide India's non executive Chairman Keshub Mahindra could be barred from taking directorship in any company.
Leading industrialists met with Prime Minister Manmohan Singh (not in picture) in New Delhi on Thursday to discuss the general state of the Indian economy and other industry-related matters.
The group's foray into the segment dates back to the start of 2004 when M&M Group Chairman Keshub Mahindra said the company had started testing some two-wheeler models and was looking at a commercial launch. Vice-Chairman Anand Mahindra said: "The company's foray into the bottom segment of the pyramid will create tremendous brand awareness in an entire section of the population and open a whole new population in the urban market."
A group of prominent personalities, including industrialists Azim Premji, Keshub Mahindra and Deepak Parekh, have expressed concern over a series of scams leading to 'governance deficit', but said that national challenges like fighting corruption cannot be solved by urban protests and posturing.
Mahindra & Mahindra said on Monday it will spend Rs 6,400 crore (Rs 64 billion) over the next three years towards capacity expansion, product development and research and development.
A Bhopal sessions court adjourned hearing on the petition challenging the trial court's verdict awarding 2 years' imprisonment to seven Union Carbide executives, including its former India Chairman Keshub Mahindra, in Bhopal gas tragedy case. District and Sessions Court Judge Subhash Kakde will hear the submissions on Wednesday.
A group of prominent personalities, including industrialists Azim Premji, Keshub Mahindra and Deepak Parekh, have expressed concern over a series of scams leading to 'governance deficit'.
The Central Bureau of Investigation on Tuesday filed an appeal in the sessions court in Bhopal, seeking enhancement of the light punishment of two years of imprisonment awarded to convicts, including the then Union Carbide of India Ltd Chairman Keshub Mahindra, in the Bhopal gas tragedy case.
A synergy of the 'very worst' of American and Indian cultures led to the Bhopal gas tragedy in 1984, a local court has held, adding that Union Carbide cynically used a third world country to escape from the strict safety standards imposed at home."The tragedy was caused by the synergy of the very worst of American and Indian cultures. An American corporation cynically used a third world country to escape from the strict safety standards imposed at home," said the judge.
Twenty-six years after one of the worst industrial disasters in the world -- the Bhopal gas tragedy -- claimed thousands of lives, a local court found all the eight accused guilty of criminal negligence in the case.
A day after a session court granted bail to Keshub Mahindra, a convict in the 26-year-old Bhopal gas tragedy case, the remaining six accused were released on Friday on a bond of Rs 1 lakh each.
The position of director is more than the sinecure that all too many retired executives seek out because of the fees, car, and the opportunity to feel important, says T N Ninan.
The company had posted a profit of Rs 1,151 crore (Rs 11.51 billion) for the July-September quarter in the previous fiscal, Housing Development Finance Corporation said.
Just months before the deadly gas leak in Bhopal killed 15,000 people, journalist Rajkumar Keswani -- who passed into the ages on Friday, May 21, 2021 -- had warned that the 'city stood on the edge of a volcano'.
Surinder Kapur's relentless pursuit of quality made Kapur a highly efficient manufacturer of automobile components.
'There must be thousands if not lakhs of people the government is illegally spying on.' 'Why should we enable this criminal activity by volunteering our details?'
Business reacted with caution to the reforms of 1991, and demanded protection from multinationals and imports. Twenty-five years later, traces of that demand can still be found, reports Bhupesh Bhandari.
A majority of India's billionaires gained wealth in the last one year in spite of the stock market decline.
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