News for 'The Board of Directors'

ED conducts 1st-ever raids in Andaman and Nicobar Islands

ED conducts 1st-ever raids in Andaman and Nicobar Islands

Rediff.com31 Jul 2025

The case pertains to the Andaman Nicobar State Cooperative Bank (ANSCB) and its former vice chairman Kuldeep Rai Sharma. Sharma, a 57-year-old Congress leader, is a former MP of the UT (2019-24).

RBI turned down request to appoint ex-CBI official on board: Religare

RBI turned down request to appoint ex-CBI official on board: Religare

Rediff.com25 Oct 2024

Religare Enterprises, a financial services firm, has disclosed that the Reserve Bank of India (RBI) turned down its application to appoint Rakesh Asthana as its whole-time director in May this year without citing any reasons. Asthana is a former top official of the Central Bureau of Investigation (CBI). In a notice to the stock exchanges, Religare said that while the company and Asthana were weighing the options of dealing with the letter of refusal by the RBI, it was also busy in preparing for the "herculean task" of making ready multiple applications to regulators.

Sebi bans Wadhawan brothers for five years in DHFL fund diversion case

Sebi bans Wadhawan brothers for five years in DHFL fund diversion case

Rediff.com14 Aug 2025

The Securities and Exchange Board of India (Sebi) has barred Dewan Housing Finance Corporation Ltd's (DHFL) former promoters Kapil and Dheeraj Wadhawan for five years from the securities market for alleged diversion of funds. They have also been barred from holding any key position in a listed company.

Meet the team probing the Air India crash

Meet the team probing the Air India crash

Rediff.com13 Jul 2025

A five-member team, headed by Sanjay Kumar Singh, is probing the fatal crash of the Air India aircraft last month in Ahmedabad that killed 260 people. The Aircraft Accident Investigation Bureau (AAIB) has released its preliminary report and appointed the team.

Priya Nair, 1st woman to become CEO-MD of HUL

Priya Nair, 1st woman to become CEO-MD of HUL

Rediff.com11 Jul 2025

Priya Nair will become the first woman CEO and MD of Hindustan Unilever Ltd (HUL) effective August 1, 2025, with India's largest FMCG firm announcing her appointment on Thursday. Nair, currently president, Beauty & Wellbeing, Unilever, has been appointed for a period of five years.

Passengers, crew on Air India's London-Mumbai flight fall sick

Passengers, crew on Air India's London-Mumbai flight fall sick

Rediff.com23 Jun 2025

As many as five passengers and two crew members onboard an Air India flight from London fell sick on Monday when the aircraft was on its way to Mumbai, the Tata Group-owned airline said.

Procter & Gamble names Shailesh Jejurikar as CEO

Procter & Gamble names Shailesh Jejurikar as CEO

Rediff.com29 Jul 2025

Procter & Gamble has announced Shailesh Jejurikar as its next CEO, effective January 1, 2026. Jejurikar, an India-born executive, will succeed Jon Moeller in the role.

Consumer goods companies bank on festivals for urban demand revival

Consumer goods companies bank on festivals for urban demand revival

Rediff.com2 Aug 2025

Fast-moving consumer goods (FMCG) companies, retail firms, and producers of consumer durables are witnessing stable urban demand. However, people in the trade are waiting for clearer signs of revival closer to the festival season, starting in September.

A revolution on cards in Pakistan's NCA

A revolution on cards in Pakistan's NCA

Rediff.com9 Jun 2025

He said that the NCA in Lahore had all the facilities, but unfortunately, a proper productive system had not been developed over the years.

'UK steel ops to break even by FY26'

'UK steel ops to break even by FY26'

Rediff.com26 Aug 2025

'Due to tariff uncertainty, automotive customers reduced their steel uplift by almost 15 per cent.'

'Dhadak 2 Is Not A Routine Love Story'

'Dhadak 2 Is Not A Routine Love Story'

Rediff.com12 Jul 2025

Siddhant Chaturvedi and Triptii Dimri put forward their never-seen-before intense side in Dhadak 2, which is deemed as the spiritual sequel to the Ishaan Khatter and Janhvi Kapoor-starrer 2018 film, Dhadak.

'Ample Room For New Entrants In Equity Exchange'

'Ample Room For New Entrants In Equity Exchange'

Rediff.com31 Aug 2025

'Market momentum and investor interest are at unprecedented levels, making this the opportune moment.'

Putin will face severe economic consequences if...: Trump warns again

Putin will face severe economic consequences if...: Trump warns again

Rediff.com15 Aug 2025

Trump stated that Russia will face "severe economic consequences" if Putin doesn't show interest in de-escalating the Ukraine conflict.

Kannada actress Renya Rao gets 1 year in jail for gold smuggling

Kannada actress Renya Rao gets 1 year in jail for gold smuggling

Rediff.com17 Jul 2025

Kannada film actress Ranya Rao has been sentenced to one year of imprisonment under COFEPOSA in connection with a gold smuggling case. She was caught with 14.2 kilograms of gold, valued at approximately Rs 12.56 crore, at Kempegowda International Airport.

Maha Guv CP Radhakrishnan named NDA's Vice-Presidential candidate

Maha Guv CP Radhakrishnan named NDA's Vice-Presidential candidate

Rediff.com17 Aug 2025

The National Democratic Alliance (NDA) has nominated Maharashta Governor Chandrapuram Ponnusamy Radhakrishnan as their candidate for Vice-President of India. The announcement was made by BJP President J P Nadda, highlighting Radhakrishnan's extensive public service and cross-party respect.

'India Is Critical Hub For GlobalLogic's Operations'

'India Is Critical Hub For GlobalLogic's Operations'

Rediff.com30 Aug 2025

'The scale and depth of talent here plays a central role in core software product engineering for some of the biggest brands in tech.'

Can UPI Stay Free Forever?

Can UPI Stay Free Forever?

Rediff.com2 Sep 2025

Several executives argue that UPI has the potential to grow tenfold, but warn that the absence of a monetisation model risks stagnating the real-time payments system, which has been recording all-time-high transaction volumes every year.

Why swimming legend Phelps won't let his kids compete

Why swimming legend Phelps won't let his kids compete

Rediff.com14 Aug 2025

Michael Phelps has launched a scathing attack on USA Swimming's leadership, with the 23-times Olympic gold medallist branding the body weak and demanding sweeping reforms

Challenges Before The New Data Law

Challenges Before The New Data Law

Rediff.com28 Jul 2025

DPDP Act (2023) gives individuals the right to decide how their personal data is collected and used. For many businesses, this means reworking longstanding data practices, notes Ravi Duvvuru.

Anil Ambani appears before ED in bank loan 'fraud' case

Anil Ambani appears before ED in bank loan 'fraud' case

Rediff.com5 Aug 2025

Reliance Group Chairman Anil Ambani on Tuesday appeared before the Enforcement Directorate here for questioning in a money laundering case linked to alleged multiple bank loan fraud cases worth crores of rupees against his group companies, official sources said.

Companies finding innovative ways to rotate independent directors

Companies finding innovative ways to rotate independent directors

Rediff.com17 May 2024

Following the end of the grandfathering period given to India Inc to replace their independent directors who had already served for 10 years, certain companies have come up with unique ways to replace the old guard.

AI-171 pilots had 9,300 hours of flying experience

AI-171 pilots had 9,300 hours of flying experience

Rediff.com13 Jun 2025

The pilot of the twin-engine wide bodied aircraft issued a 'Mayday' distress call, denoting a full emergency, soon after takeoff at 1.39 pm, the Air Traffic Control at Ahmedabad said.

'I'm Really Proud To Be A Brahmin'

'I'm Really Proud To Be A Brahmin'

Rediff.com19 Aug 2025

'So my question was, 'What is it that you are proud of? What have you achieved? What is your contribution?' 'He had no answer.'

Boardroom gaps: Public-sector undertakings' governance under lens

Boardroom gaps: Public-sector undertakings' governance under lens

Rediff.com12 Apr 2025

Stock exchanges' levy of penalties, ranging from Rs 3 lakh to Rs 12 lakh, on public-sector undertakings (PSUs) for lapses in board composition for the 2024-25 October-December quarter has brought forth issues of governance. Last month, 16 PSUs requested bourses to waive these penalties, arguing that these lapses were neither due to negligence nor within their control, as the appointment of directors is managed by the government.

ED summons Anil Ambani on Aug 5, issues look out circular

ED summons Anil Ambani on Aug 5, issues look out circular

Rediff.com2 Aug 2025

The Enforcement Directorate has summoned Reliance Group Chairman Anil Ambani for questioning in a money laundering case linked to alleged bank loan fraud.

'Next 48 hours crucial': 10 dead, hundreds displaced as rain lash Maha

'Next 48 hours crucial': 10 dead, hundreds displaced as rain lash Maha

Rediff.com19 Aug 2025

Heavy rains in Maharashtra have caused floods, road blockages, and widespread damage, resulting in casualties and displacement. The state government is monitoring the situation and coordinating rescue efforts.

Air India crisis continues, cancels 3 more int'l flights due to tech snag

Air India crisis continues, cancels 3 more int'l flights due to tech snag

Rediff.com18 Jun 2025

Two of these flights were cancelled after the passengers had already boarded the aircraft, the airline said.

'Sholay Is 'Dadagiri' Cinematography'

'Sholay Is 'Dadagiri' Cinematography'

Rediff.com11 Aug 2025

'The way the anticipation is built up for Gabbar Singh's introduction scene with sound, image and details of his personality, like the combat boots he wears.' 'The camera comes so close -- not a tele lens shot, but a wide-angle close-up -- that you can almost smell Gabbar's breath.'

RBI's Rs 2.69 lakh crore bonanza for Modi govt for FY25

RBI's Rs 2.69 lakh crore bonanza for Modi govt for FY25

Rediff.com23 May 2025

The Reserve Bank on Friday announced a record Rs 2.69 lakh crore dividend to be paid to the government for the fiscal ended March this year, 27.4 per cent more than the payout in 2023-24. The Reserve Bank had transferred Rs 2.1 lakh crore dividend to the government for the fiscal 2023-24.

The Sword Of Vigilance Hangs Over Bankers

The Sword Of Vigilance Hangs Over Bankers

Rediff.com1 Aug 2025

'Vigilance' is a dreaded term for PSB employees and there are instances where this fear is misused by the higher authorities to tame their subordinate officials. This fear always deters PSB executives from making decisions -- the fewer the decisions, the less the chance of falling into trouble, points out Tamal Bandyopadhyay.

India Inc promoters holding slumps to 8-yr low in Q1

India Inc promoters holding slumps to 8-yr low in Q1

Rediff.com4 Aug 2025

Promoters' ownership in private listed companies declined to an eight-year low of 40.58 per cent as of June 30, 2025, following a net share sale worth Rs 54,732 crore during the quarter, according to data from primeinfobase.com, an initiative of PRIME Database Group.

Govt abruptly terminates IMF ED Subramanian's services 6 months ahead of tenure

Govt abruptly terminates IMF ED Subramanian's services 6 months ahead of tenure

Rediff.com4 May 2025

In an unexpected move, the government has terminated services of K V Subramanian as the executive director at the International Monetary Fund (IMF) six months ahead of his three-year tenure. The move comes days before the IMF executive board is to consider financial aid for debt-ridden Pakistan.

DNA delays deepen agony for families of AI plane crash victims

DNA delays deepen agony for families of AI plane crash victims

Rediff.com16 Jun 2025

They were asked to wait for 72 hours, but the deadline passed on Sunday and the wait seems endless.

Deepika Becomes 1st Indian To Get Hollywood Walk Of Fame Star

Deepika Becomes 1st Indian To Get Hollywood Walk Of Fame Star

Rediff.com3 Jul 2025

It's a proud moment for India.

IPO Pipeline Swells with 118 DRHPs

IPO Pipeline Swells with 118 DRHPs

Rediff.com11 Jul 2025

Experts say the robust filing suggests the second half of the year will see large-scale issuances, provided the markets remain supportive.

PIX: Air India plane crashes into medical college hostel

PIX: Air India plane crashes into medical college hostel

Rediff.com12 Jun 2025

The Tata-owned airlines said that 169 Indians, 53 British, 1 Canadian and 7 Portuguese were on board the Boeing 787-8 aircraft.

'Guru Dutt Was Very Down To Earth'

'Guru Dutt Was Very Down To Earth'

Rediff.com9 Jul 2025

'I always considered him as a director, never an actor. Do you know he always considered other actors for his films first?' 'For Pyaasa, he wanted to cast Dilip saab; only when Dilip saab refused did Guru Duttji decide to do the role himself.'

Why this deafening silence over crash, Praful Patel asks Singapore Airlines

Why this deafening silence over crash, Praful Patel asks Singapore Airlines

Rediff.com18 Jun 2025

Former Civil Aviation Minister and senior NCP leader Praful Patel on Wednesday questioned the "silence" of Singapore Airlines over the horrific crash of an Air India Boeing 787-8 Dreamliner in Ahmedabad last week.

AAIB to probe Air India plane crash; Boeing issues statement

AAIB to probe Air India plane crash; Boeing issues statement

Rediff.com12 Jun 2025

Under the civil aviation ministry, AAIB is responsible for the classification of safety occurrences, involving aircraft operating in the Indian airspace into accidents and serious incidents.

Reliance board approves 1:1 bonus issue

Reliance board approves 1:1 bonus issue

Rediff.com5 Sep 2024

The board of Reliance Industries Ltd on Thursday approved issuing 1:1 bonus shares -- the first bonus issue in seven years. Reliance, the nation's most valuable company, had last issued bonus shares in September 2017.