Acquiring Maytas Infrastructure could be his chance to show his organisation's ability to think big.
Tamil Nadu Chief Minister M K Stalin did not attend the traditional 'At Home' reception hosted by Governor R N Ravi on Republic Day. Stalin instead visited Madurai to participate in events celebrating the cancellation of the Centre's tungsten mining initiative. The Chief Minister and his cabinet colleagues boycotted the event, following suit with the ruling DMK's allies, including the Congress party. Governor Ravi, who has been critical of the DMK regime, had targeted the Stalin-led government in his Republic Day Eve address, alleging that many state-run universities in Tamil Nadu were in a dire financial crisis. In Madurai, CM Stalin, recalling his assurance that tungsten mining would not be allowed while he remained in office, said the village elders visited him in Chennai and invited him for the felicitation function. He said rather than praising him, it is the people who should be greeted, thanked and felicitated. The union government recently announced its decision to annul the auctioning of the mining rights.
India Infrastructure Finance Company has joined hands with Infrastructure Leasing and Financial Services to develop and finance 10,000 MW of power generation and transmission, entailing an investment of upto Rs 35,000 crore (Rs 350 billion).
Maytas Infra Ltd will again petition the Company Law Board to allow it to induct the Saudi Binladen Group (SBG) as its strategic partner, according to IL&FS and Maytas' chairman, Ravi Parthasarathy.
The actor-turned-politician has been allotted Panchayat Raj and Rural Development, Environment, Forests, and Science and Technology portfolios.
The CII delegation includes many eminent names.
HDFC Bank has reshuffled the portfolios of its senior management team. This is the first major rejig after the amalgamation of HDFC Ltd on July 1. "The runway for our growth is large. This change is being done to bring in a very sharp focus on leveraging what we have built and for enhanced execution," said Sashidhar Jagdishan, managing director and chief executive of HDFC Bank, explaining the reason for this overhaul.
I am not sure if Modi can ever act as a chowkidar, even if he wants to. But he can surely act as a thanedar, by ensuring a fast resolution of corruption cases once they come to light. Exemplary action is easier and will burnish his anti-corruption image, argues Debashis Basu.
What ex-IL&FS top brass got for loans? Foreign trips, private jets and chopper rides.
The report has identified 29 instances where it appears that the loans disbursed to borrowers were in turn utilised by their group companies to repay the existing debt obligations with IL&FS Financial Services Limited.
Did men and women of redoubtable experience and public service, upholders of the country's steel frame and paragons of corporate governance, never smell a rat?
For the first 90 days of 2021, from January 5 onwards, one Union minister will visit one district in Tamil Nadu every week till the assembly election.
Samajwadi Party patriarch Mulayam Singh Yadav is among six personalities chosen for this year's Padma Vibhushan.
Separate entity for publishing business of Kasturi & Sons Ltd to increase focus on publishing business; no plan to bring in external investors, says firm.
A group of 11 members from the family which comprises the shareholders has moved the Company Law Board against the majority decision of the board of directors to remove N Ravi, editor, and Malini Parthasarathy from the editorial board.
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.
The NCLT said the new board must hold its meeting by October 8 and come out with a road map before the next hearing on October 31
Besides 15 loan transactions to the Siva group of companies, the former directors also used unique methods to ensure the group did not get into the default list.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Siddharth Varadarajan, Editor-in-Chief of The Hindu, announced his resignation from the newspaper on Twitter on Friday, two years after he took over the reins from N Ram as the first professional editor of The Hindu.
A group of retired civil servants also called upon the PM to reach out to the families of the victims in Unnao and Kathua and "seek their forgiveness on behalf of all of us".
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