The NCLAT, in its December 18, 2019 order, had restrained the company, its board of directors and shareholders from exercising the power under the article against minority members except in exceptional circumstances and in the interest of company. A bench headed by Chief Justice S A Bobde dealt with this issue in its 282-page verdict which set aside the NCLAT's order that had restored Cyrus Mistry as the executive chairman of the USD 100 billion salt-to-software conglomerate.
Top gainers in the Sensex pack included Bajaj Finance, ONGC, Yes Bank, HDFC, HCL Tech, Tech Mahindra, TCS, ICICI Bank and RIL, rising up to 3.57 per cent.
'India is still a small market but whatever we do, we do it with full focus.'
The author suggests eight reforms that all parties competing in this year's general elections should embrace.
Expect a more modest out-turn of around 5 per cent (if not less) because of the longer-term scarring effects of the Covid shock, the sharply slowing growth in the pre-Covid years and some scepticism about the growth-efficacy of some of recent official policy initiatives, explains Shankar Acharya, former chief economic advisor to the government.
'There are deeper, underlying, forces at work and we need institutional arrangements to guard against them.'
The alacrity with which regional States responded to Delhi's invite signals that expectations are high regarding an Indian role in the efforts to stabilise the situation in Afghanistan, observes Ambassador M K Bhadrakumar.
'Let us not fool ourselves into thinking that by sidestepping the rule of law, justice has been served in this case because we have once again very conveniently and completely absolved society's responsibility in all of this,' says Neetika Vishwanath.
Sustainable Energy Bond programmes is an approach that comes with a business model that satisfies all stakeholders on the good old fashioned single bottom line of money - while also offering social and environmental benefits, writes Rajni Bakshi.
Some sort of VIP culture exists everywhere. India's, however, is unique in its pervasiveness and its arrogance. And, while unique, it isn't really something that can be exported.
The cricket establishment is a disgrace; the cricket boss is a businessman.
Ahmed Patel, the most powerful man in the Congress party after the Gandhis, speaks to Rediff.com's Sheela Bhatt in a rare and exclusive interview.
Dr Kurien's conviction was reflected in his faith that even rural enterprises, dealing with illiterate farmers and farm women, could be run on modern lines and use modern technology without any government support.
It won't be easy to fight entrenched patriarchy and male-chauvinist prejudice without an extensive campaign of social reform, says Praful Bidwai
Report by the Human Rights Watch running into 70 pages shows that mining in India is out of control.
Given the all-pervasive air of negativity hanging over the country, it is tempting to try and construct a contrarian viewpoint
Raphael AVL Malchhanhima said, "The thought of my friend being buried far away from his home troubled me. My father, a preacher, also encouraged me to accompany the mortal remains of my friend withstanding the difficulties of the journey."
Former army chief General V K Singh on Momday rued that corruption was prevalent everywhere in the country and was eating into its vitals.
Zohnerism drives our daily consumption of news and shaping our understanding of most issues, warns Sandeep Goyal.
'Today, there is pervasive fear in society; an uncertainty of what might happen.' 'This has forced Muslims to shrink further into mental ghettos, with many considering extreme measures like pretending to change their identity.'
"We cannot wish away corruption by the mere desire to see it removed from our lives. This requires a comprehensive framework of action and a concerted political programme supported by all levels of the State, from the highest to the lowest. Most importantly, it requires firm political will," Gandhi said during Zero Hour, amid noisy protests from National Democratic Alliance members
The US is a wonderful example of how a political party with minority support can cling to power for decade, notes Devangshu Datta.
Sexual self-image dysfunction was associated with being overweight, obese, living together with partner, not married, married and breastfeeding.
'We will continue to refine our operating model to drive more simplicity and nimbleness.'
The authors examined the ways in which many contemporary brand narratives highlighted their companies' humble beginnings and struggles against powerful rivals.
India Inc will regain its appetite for investing only when better governance improves the market mood.
Many aspects of normal civilian life are compromised in Kashmir, as in any area of conflict. But in Kashmir, there is an overlay of this reality with another one; of women being treated with insensitivity, and in extreme cases -- violence.
Pay healthy advance tax, but can't make up for large companies' volumes.
In the second and final part of his analysis of the draft Lokpal Bill, Union Minister Kapil Sibal lists out how the Lokpal could be detrimental to the functioning of the judiciary and the exucutive
A combination of demonetisation, a poorly and hurriedly implemented GST, and more recently the "botched up" lockdown of the economy to control the spread of Covid has brought the economy to its knees.
Reservations for women will not dramatically and automatically redeem systematic, pervasive discrimination reservations but it will play a key role in bringing women's concerns to bear on public debate and official policies.
Corruption is all-pervasive in Indian society and it's a surprise that the Union law minster does not see it that way, writes Mahesh Vijapurkar.
Excerpted from the inaugural address by Dr K C Chakrabarty, Deputy Governor, Reserve Bank of India, at the IBA-DSCI Conference on 'Security Framework in Indian Banks', in Mumbai on April 26.
Firm offers this work option to 80% of its staff, saves $196mn on opex and garners $294 mn via building sales
Nargis Fakhri closed a spectacular show by Suneet Verma at the end of Day Four of Lakme Fashion Week.
History of electronics indicates that no company, nor any nation for that matter, has been able to cement pole position and maintain it through several cycles. he death of its iconic promoter, Lee Kun-hee, raises questions over how long the chaebol can maintain its gigantic footprint in the global electronics industry, says Devangshu Datta.
'I don't believe that it beholds democracies like us who claim to be the largest democracy in the world, to have such a thin skin about the possibility of foreign commentary.'
India is today the second-largest telecom market in the world with over a billion customers and close to 600 million Internet users. New connections are available on the tap, calls are virtually free and it's hard to imagine anyone without a mobile phone today. Globally, there would be few parallels to this success story that truly democratised telephony and empowered a billion-plus people, observes Airtel's Sunil Bharti Mittal.
Surajeet Das Gupta explains why Mukesh Ambani's target is by no means impossible.
The biopic was originally set to release on April 12, but its producers had advanced it by a week, claiming 'public demand'.
