In a significant development that ends the prolonged speculation about the succession in India's leading corporate house Tatas virtually extended the term of group Chairman Ratan Tata till 2012.
The government has acceded to some demands of the collegium including removing the cap on the number of jurists and lawyers who can be appointed to the Supreme Court as judges.
The Tata trusts can nominate one-third of the directors of Tata Sons
Ferrari's Sebastian Vettel, McLaren's Fernando Alonso and Williams' Valtteri Bottas have all been highlighted in media speculation but 22-year-old German reserve driver Pascal Wehrlein remains the bookmakers' favourite.
Murthy, 68, will cease to be the non-executive Chairman with effect from Oct 10.
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.
Former ESPN Star Sports MD Sawhney has already been working alongside outgoing Chief Executive Richardson for the last six weeks to ensure a smooth transition.
'Where is the board's accountability in this whole transaction? The members of the earlier board who participated in approving and defending these acquisition are still in the current board,' the whistleblower said in a mail sent to US SEC and Sebi.
Sanofi India is seeking approval of the shareholders for perpetuity.
Niki Lauda pondered the mystery of the disappearing Mercedes on Sunday after Lewis Hamilton and Nico Rosberg finished one-two in the Japanese Grand Prix but barely featured in television coverage.
Fortis Healthcare Executive Vice-Chairman Shivinder Mohan Singh is stepping down from his position to join a philosophical and spiritual organisation.
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Financial Technologies (India), has made a loan of Rs 225 crore to NSEL.
SBI blamed poor coal prices for the decision to turn down the loan request.
In a major organisational revamp, Hindustan Lever Ltd chairman M S Banga was concurrently appointed the business group president of Unilever's
Infosys Chief Executive Officer-designate Vishal Sikka might be new to Indian information-technology (IT) services business, but his past credentials were enough for the company's shareholders to offer him a warm welcome at an Extraordinary General Meeting (EGM) that was called to seek approval for his appointment, among other things.
'Every great Formula One season is marked by a great rivalry. Last year it was our internal battle between Lewis and Nico and this year it seems that the fight is on between Ferrari and Mercedes and Lewis and Sebastian'
The heartburn is over six sensitive issues
Union Law Minister Ravi Shankar Prasad, however, said that the appointment of judges would go ahead irrespective of whether new Memorandum of Procedure was in place or not.
A family man with two sons, who made it a point to attend all weddings and occasions in the community, Siddhartha is known by everyone as the quintessential 'nice guy' CEO -- never yelling, raising his voice or screaming at his employees, says Pavan Lall.
Indian IT players, over the past few years, have pressed the paddle on re-training of their employees as new technologies take centre-stage.
Lewis Hamilton will head into his home British Grand Prix praying for the sake of the fans that angry Mercedes bosses continue to allow him and team mate Nico Rosberg to race each other freely.
Justice D R Dhanuka, non-executive chairman of Bombay Stock Exchange governing board, has resigned from all positions on the bourse.
Triple world champion Lewis Hamilton took a record 69th Formula One pole position with a wet weather masterclass at the Italian Grand Prix.
With the July 1 deadline to apply for bank licence fast approaching, aspirants are scrambling to meet the Reserve Bank of India's (RBI) eligibility criteria to apply.
Lewis Hamilton had his first taste on Friday of the Mercedes car that he hopes will make him Britain's first four-times Formula One world champion this season.
Mallya and UBHL now hold a little over 3.3 per cent in USL.
