Around 300 promoters serve their company boards for free.
'... not even a moral one, let alone a legal one.' 'Even if it is assumed that Deepak Kochhar tried to influence his wife into doing something dodgy for his 'social acquaintance', why would she do it?' 'By all accounts she has been granted share options in ICICI Bank of a very substantial amount which easily makes her a multi billion-pati.' 'She did not become CEO against some stiff competition by being stupid and concocting devious cock-and-bull renewable energy stories.' S Murlidharan, former managing director, BNP Paribas, unravels the Deepak Kochhar-Videocon controversy.
The organisers of the much-anticipated Indian Premier League-style football league decided to defer the proposed tournament to September-November next year instead of early 2014.
The committee is considering 1,300 names for this year's awards from which it is likely to select 120.
'The government should refrain from 'adventurism' and 'megalomania'.' 'But this should be true of reckless government action against every Indian, whether or not they are wealthy or have access to the finance minister even when he is in hospital,' says Aakar Patel.
CEOs are not happy with scorecard so far but are ready to invest more as they think one year is too short a time to revive the economy
India Inc has expressed disappointment over the Reserve Bank of India's decision to keep interest rates unchanged. This, according to various industry associations, would result in huge capital inflows leading to further appreciation of the rupee.
One of India's leading industry bodies - the Associated Chambers of Commerce and Industry - on Friday urged the government to bring sugar, textiles and tobacco products under value added tax.
The new company would be named Videocon Aviation Limited and the parent firm would make an investment of Rs 100 crore (Rs 1 billion) in the Special Purpose Vehicle and rest of the funds would be generated from FIIs, public and foreign collaborators. Videocon had made a bid for the Delhi Airport as well, but it was rejected by the government as there was no airport operator in the consortium.
A delegation of about 100 chief executive officers from several national and multi-national companies will be visiting Kashmir to explore the business possibilities in the region as well as some leisure time.
'Yashji kept telling me if I don't play a loverboy, my career will not move ahead. I just went by his belief and it paid dividends. Yash Chopra has single-handedly made my career.' Shah Rukh Khan acknowledges the man who gave him success.
Debt funds have exposure of nearly Rs 8,000 crore to Zee group papers. Aditya Birla MF, HDFC MF, Franklin Templeton MF, and ICICI Prudential MF have the highest exposure, reports Samie Modak.
In addition, he will have to move swiftly to control any damage that may have been caused to the bank's image and investor confidence due to the loan controversy
While all political parties have been talking about following in the footsteps of the debutant Aam Admi Party by fielding fresh faces in the coming Lok Sabha polls, Bihar Chief Minister and Janata Dal-U leader Nitish Kumar has set the ball rolling by deciding not to renominate his party's three sitting MPs in the coming biennial elections to the Rajya Sabha scheduled for February 7. Anita Katyal reports.
'She was either overconfident that nothing will happen to her or she underestimated the gravity of the allegations.'
Recent investigations into the telecom spectrum and coal scams have made bureaucrats very wary of taking decisions.
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