Bhasin will now take over as a non-executive vice-chairman of the company.
Godhwani's exit comes at a time when the company's fund raising plans and proposed related party transactions are under scrutiny, says N Sundaresha Subramanian.
Mahindra Forgings on Thursday said that Anand Mahindra has resigned as its Chairman and Hemant Luthra has been elevated to the post of Non-Executive Chairman.
The 64-year-old German, who has spent nearly four decades at Philips and around 10 years in the top position, will retire from the company on March 31 and will also be appointed as non-executive director at Vodafone on April 1.
Three-time world champion Lewis Hamilton, who incurred a penalty that ensured he finished second behind Ferrari's Sebastian Vettel at the Bahrain Grand Prix, has issued an apology to his Mercedes team.
It's debatable whether going back in time -- twice in a span of four years -- by bringing back a once-proven leader at the top is the correct thing to do when Infosys desperately needs to be made future-ready.
Tata Sons cuts retirement age of non-executive directors from 75 years to 70.
Parekh, who is joining the company from Capgemini, will take over on January 2, 2018..
What strengthens this view further is that he is also the son-in-law of Pallonji Mistry, the largest single shareholder in Tata Sons, the controlling arm of the diversified Tata Group, with an 18 per cent stake.
The nominations committee of the board had earlier recommended Kamath's induction as an additional director. Kamath, at the end of April 2009, stepped down as CMD of ICICI Bank and is now the non-executive chairman.
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.
The company has been designated as the official telecom service provider for Commonwealth Games 2010, to be held in Delhi, and it has already received Rs 182 crore (Rs 1.82 billion) from the government for providing infrastructure.
The previous board of Fortis Healthcare had links with Singh brothers and there was an investigation by law firm Luthra and Luthra into Rs 472 crore that was diverted into other companies.
NRI billionaire LN Mittal is among the front runners for a committee being set up to improve ethical behaviour of crisis-ridden Goldman Sachs, says a media report.
The ICICI board is looking to the retired petroleum secretary to provide 'maturity and sagacity'.
Reminiscing time spent at the firm he co-created with six other friends in 1981, Infosys non-executive chairman S Gopalakrishnan said many major events in his life are linked to major milestones of Infosys.
They need to have 15 years of mainstream banking experience
In a letter to the Business School community on Wednesday, Nohria said he will step down from the position of dean of the Harvard Business School (HBS) on June 30, 2020, after a decade in the role.
NEDICT has also got in touch with companies, which will be limited to the role of 'donors'.
"The government has always believed in stable policies. I am sure that this will continue in the coming budget," ICICI Bank's non-executive chairman, K V Kamath, told reporters on the sidelines of a function organised by the Institute of Chartered Accountants of India in Mumbai.
The Government may be keen on having a greater say in affairs of Petronet LNG as it is looking at appointing a bureaucrat as director on board of the nation's biggest liquefied natural gas importer.
Calls to and from BSNL network will be disrupted from April 20 with nearly three lakh BSNL employees planning to go on an indefinite strike against the management's decision to divest 30 per cent stake.
The fiscal crisis brought about an increased burden on monetary policy and different countries met it in different ways.
The tobacco business was increasingly coming under prohibition by various regulations.
Brian Tempest is among the four directors of cash-strapped healthcare chain whose removals were sought by two institutional investors. Three directors -- Harpal Singh, Sabina Vaisoha and Tejinder Singh Shergill -- had already resigned before the EGM.
S Ramadorai, vice-chairman of Tata Consultancy Services (TCS), is set to become non-executive chairman of the Bombay Stock Exchange (BSE) following the exit of Jagdish Capoor last week on health grounds.Ramadorai will join BSE board on Monday and assume the role of chairman later.
Nilekani says life has come a full circle for him, as he heads back to the company he co-founded over three decades ago.
Tata Communications has elected the private equity (PE) veteran as a successor to Subodh Bhargava.
Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.
Savitri Jindal, Asia's richest woman and the widow of the founder of steel and power conglomerate O P Jindal Group, is the richest billionaire mother with a net worth of $12.2 billion.
Infosys chief mentor, N R Narayana Murthy is likely to become the non-executive chairman of the National Payment Corporation of India (NPCI) being set up to handle the retail payment operations of the Reserve Bank of India.
K K Mistry, currently vice-chairman and managing director, will take over as vice-chairman and CEO when Parekh steps down on January 1, 2010.
Two Indian women including Savitri Jindal and Indu Jain have been named among the list of world's top billionaires compiled by the US magazine Forbes.
A new board has been constituted for the merged entity 'Vodafone Idea Ltd' with 12 directors (including six independent directors) and Kumar Mangalam Birla as its Chairman. The board has appointed Balesh Sharma as the CEO, the companies said in a joint statement. The combination will have an all-India revenue market share of 32.2 per cent and take the numero uno slot in nine telecom circles, it said adding that both Vodafone and Idea brands will continue.
Nanda will also continue as the chairman of Club Mahindra and Mahindra Consulting Engineers and take over from Anand Mahindra as the chairman of Mahindra Lifespaces, M&M said.
The order given by Justice K C Bhanu also covers the lookout notice served on him and proceedings in various lower courts.
The Tata group is strengthening the management super-structure within its group companies by extending the post of vice-chairman to three more companies - Tata Motors, Tata Steel and Tata Consultancy Services.
"We expect the government to exempt our employees from paying tax on housing perquisites. On an average, every year our non-executive workers pay about Rs 144 crore to the government on account of such tax. Exemption will motivate our employees, working and living in difficult conditions," said Coal India Ltd Chairman P S Bhattacharyya.
Deepak Parekh is likely to step down as the executive chairman of Housing Development Finance Corporation (HDFC) by the end of the year. He is expected to take over as the non-executive chairman of the country's largest mortgage player.
Asked if banks would hike their lending rates following the Reserve Bank raising its short-term key rates, Kamath said it depends upon several issues and each bank would take a call.
