Once implemented, Rishad Premji will be one of the youngest business leaders to don the role of non-executive chairman at a large cap Indian company.
The T20 World Cup is slated to be held in India in October-November 2021.
Infosys' up to Rs 9,200 crore buyback plan is scheduled to commence from June 25, wherein the IT major has proposed to buy back shares at a maximum price of Rs 1,750 apiece. The Board approval for the buyback was granted on April 14, 2021, and the shareholders' nod was received on June 19, 2021, at the company's 40th annual general meeting. The Bengaluru-based company has issued a public announcement on June 23 in various newspapers for the buyback of its equity shares from the open market through the stock exchange route, a regulatory filing said on Wednesday.
Jagdishan, currently working as the 'change agent' of HDFC Bank and head of finance, has been with the bank since 1996.
He would not be part of the day-to-day activities of L&T in his non-executive role. He would, however, be there at important company events.
With this rejig, Mindtree's board will now have 12 board members from eight.
Stocks of public sector companies, especially the oil refining and marketing companies (OMCs) - Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL) and Indian Oil Corporation Limited (IOC) - logged gains on Tuesday in a weak market. While the Nifty lost nearly 1 per cent in trade on Tuesday, the Nifty CPSE index - a gauge of performance of central public sector enterprises on the National Stock Exchange (NSE) - gained over 3 per cent in intra-day trade. The rally in PSU stocks comes on the back of the BPCL chairman, Arun Kumar Singh suggesting in the company's annual general meeting (AGM) on Monday that the government intends to complete the divestment process in the OMC by March 2022.
According to a top BCCI official, Tendulkar and Laxman who both had resigned in July will resume their roles in the CAC.
Livid over Narayanswami Srinivasan attending the Board of Control for Cricket in India's working committee meeting, Cricket Association of Bihar secretary Aditya Verma shot off a letter to the Justice Lodha Committee, requesting it to recommend administrative reforms in the cricket board.
Industry players say improving the penetration beyond the top centres will require setting up more branch networks and empanelment of distributors.
The BCCI wants that the president and secretary be allowed to serve two consecutive terms
Two weeks since the much talked about new income tax return filing portal was launched, technical glitches continue to mar the site, an issue finance ministry officials will take up in a meeting with Infosys -- the vendor which provided the IT solution -- at a meeting on Tuesday. Several stakeholders have submitted written inputs highlighting the issues facing the portal as well as areas that need to be fixed. At the company's annual shareholder meeting, Infosys had on Saturday stated that it is working to resolve the issues and has already succeeded on some fronts.
Tata Motors group's investment for this fiscal is pegged at Rs 28,900 crore, mostly for its British arm Jaguar Land Rover (JLR), company chairman N Chandrasekaran said on Friday. The company will also look to raise capital separately for its electric vehicles (EV) business at an appropriate time. It is looking to have 25 per cent of its sales coming from EVs in the medium to long term, up from 2 per cent at present, he said while addressing the company's virtual AGM.
The BCCI has called an Emergent Working Committee Meeting on November 18 to discuss the scheduling of its Annual General Meeting which has been postponed by four weeks after President-in-exile N Srinivasan was named by the Supreme Court in the IPL spot-fixing scandal.
RCA deputy president Mehmood Abdi has alleged that N Srinivasan committed contempt of court.
The two-member COA comprising Vinod Rai and Diana Edulji have recommended election for fresh set of office-bearers by removing acting president CK Khanna, acting secretary Amitabh Chaudhary and treasurer Aniruddh Chaudhry.
'The ICC have also expressed some concerns (about the running of CSA) and we believe our decision is warranted, and that it will be embraced by the ICC.'
Vindhya Telelinks, Universal Cables and Birla Cable shareholders go against family's wishes.
Writes to shareholders highlighting its performance, governance practices.
After getting rapped for accepting Vedanta group's bid that would give just 5 per cent of their outstanding loans, lenders to Videocon Industries on Monday approached the insolvency appellate tribunal NCLAT seeking fresh bids for the debt-laden consumer durable firm. Billionaire Anil Agarwal's Twin-Star Technologies had offered Rs 2,962 crore to takeover Videocon Industries, which was 4.15 per cent of the admitted claims of Rs 64,838.63 crore of lenders. SBI, the leading lender of Videocon Industries, has approached the National Company Law Appellate Tribunal (NCLAT) requesting for a rebidding of the 13 companies of the debt-ridden group, on account of strong observations against Rs 2,962 crore takeover bid by Anil Agarwal's Twin Star Technologies.
A defiant BCCI President N Srinivasan today declared that he will chair the Board's Annual General Meeting scheduled to be held in Chennai on September 29.
Reliance Jio, together with partners, has tested its 5G solutions in India, successfully demonstrating speeds of over 1 GBPS, and its 'Made in India' solution is "globally competitive", RIL chairman Mukesh Ambani said on Thursday. Ambani also exuded confidence that the company will be the first to launch full-fledged 5G services in the country. Jio is not just working to make India '2G-mukt' (free from 2G) but also '5G-yukt' (5G empowered), he added. Jio's engineers have developed a 100 per cent home-grown and comprehensive 5G solution that is fully cloud native, software defined, and digitally managed.
The Supreme Court-appointed Lodha Committee has given the BCCI a second set of timelines besides setting a December 15 deadline for conducting AGM and forming an Apex Council. The decision was taken during a committee meeting on Sunday.
The Supreme Court-appointed Justice RM Lodha Panel will meet on August 28 to discuss various issues concerning the BCCI, including the multiple complaints received against the Board. "In the light of several complaints received, Lodha Committee will have an emergent meeting on Sunday 28 August in New Delhi," a source close to the panel told PTI on Wednesday.
'Some of the associations have not got funds for three years and they don't have reserves while others have done infrastructural work by digging into fixed deposits. Now they are supposed to get at least 105 crores (Rs 35 Cr x 3 years) plus interest. But I don't think anyone will get that kind of money at one go'
Some of the key faces for various posts will be former India skipper and Hyderabad Cricket Association president Mohammad Azharuddin, former India captain and Cricket Association of Bengal president Sourav Ganguly, former Test player and Karnataka nominee Brijesh Patel.
Mukesh Ambani's Reliance group has struck acquisition deals worth $4.2 billion with a dozen companies in just two years to expand its retail business. The latest purchase was of a majority stake in Justdial for Rs 3,497 crore. Elaborating on his acquisition strategy a few weeks ago during the AGM, Ambani stated that one of the key planks would be to acquire businesses that enhanced Reliance's offerings and experiences to customers and that they would be both physical and digital.
The Committee of Administrators instructed Mumbai Cricket Association (MCA) to appoint a new electoral officer in place of DN Chaudhari and conduct the state elections by stipulated deadline of September 28.
The IL&FS group has a complicated structure, with the holding company owning stakes in its financial services arm as well as the subsidiaries that operate its infrastructure assets.
Billionaire Mukesh Ambani-led Reliance Industries Ltd's plans for investing Rs 75,000 crore in solar, batteries, fuel cells and hydrogen could create valuation of $36 billion (Rs 2.6 lakh crore) for the new energy business, Wall Street brokerage Bernstein Research said in a report. Reliance currently has three verticals -- oil-to-chemical (O2C) business that houses its oil refineries, petrochemical plants and fuel retailing business; digital services that comprises telecom arm Jio; and retail including e-commerce. New Energy will be the fourth vertical. At the company's annual general meeting of shareholders last month, Ambani announced a plan to invest Rs 75,000 crore in a new energy business over the next 3 years in the next stage in its transformation.
Earlier this month, ECB managing director Ashley Giles had said that cricketers will be provided "mental health screening" before they commit to any further tours.
Adille Sumariwalla was re-elected unopposed as the president of Athletics Federation of India (AFI) for a second term at its Annual General Body Meeting in New Delhi on Friday.
The senior state association member said there is also a tax rebate issue which is still an ongoing process.
He pointed out that the BFI was mandated by the Delhi High Court to conduct elections for its office-bearers before December 31 to continue as a national sports federation and to enjoy grants and other privileges extended to it by the government.
The Indian economy is rapidly normalising towards pre-pandemic activity levels, even as uncertainty exists about coronavirus mutations and repeated infection waves, industrialist Kumar Mangalam Birla said on Wednesday. Vaccination is picking up pace, which would improve India's resilience against a potential third wave, the chairman of Aditya Birla Group said while virtually addressing shareholders at the AGM of group firm UltraTech Cement Ltd. Moreover, various steps taken by the RBI and the government have helped in containing the economic disruptions of the pandemic, Birla added.
The leadership vacuum created in the Board of Control for Cricket in India following president Jagmohan Dalmiya's demise will be filled only after Board Secretary Anurag Thakur calls a Special General Meeting.
The solution worked out by the members is to convene a Working Committee meeting on September 26. With this, the AGM is unlikely to be held on the scheduled date of September 30 as the rules demand for a three-week gap between the two meetings.
Shareholders' demand list included from providing ABCD (appreciation, bonus, cash & dividend) security to making pepper spray.
Uncapped left-arm spinner Zafar Gohar has joined the test squad from the Pakistan A team currently in Hamilton.
Six office-bearers of the Uttar Pradesh Cricket Association (UPCA) including secretary Rajiv Shukla on Thursday stepped down from their respective posts.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances