Nearly 98% of shareholders vote in favour of his reappointment and payment of remuneration to Lodha.
Incumbent Ajay Shirke was on Wednesday elected unopposed as the BCCI Secretary at the Board's 87th Annual General Meeting in Mumbai. Shirke was the lone BCCI functionary to file his nomination for the post on Tuesday. The 62-year-old became the secretary in July after Anurag Thakur was elevated as the President with Shashank Manohar opting to quit BCCI for the ICC chairmanship.
Manipur, Uttar Pradesh, Tamil Nadu, Haryana, Maharashtra, Railways, Services and Association of Indian Universities (AIU) will not have any voting rights in case there is an election during the BCCI AGM on October 23.
In his first interaction with India Inc, Rahul Gandhi said the politics of alienating communities is affecting growth.
The Board of Control for Cricket in India's former principal legal advisor Usha Nath Banerjee questioned the Committee of Administrators' decision to debar three affiliated units, including Tamil Nadu from attending the Board's AGM and termed it "utterly arbitrary and wrong"
The long-standing tussle between the Mumbai Cricket Association and Cricket Club of India, both affiliated units of the Board of Control for Cricket in India, came to the fore at last Sunday's Annual General Meeting of the Board following a suggestion to allot international matches directly to CCI.
Under-fire BCCI president N Srinivasan on Saturday continued to remain defiant by stating that no one could stop him from seeking an year's extension in the upcoming annual general meeting despite the chargesheet against his son-in-law Gurunath Meiyappan for betting during the Indian Premier League.
Sports Minister Kiren Rijiju said a number of moves had been initiated by the government to enable India make a breakthrough in realising its potential in sports. He was speaking at the inaugural session of the six-day online technical officials' seminar jointly conducted by the South Asian Athletics Federation and the Athletics Federation of India.
Reliance Industries Ltd's focus on the next hypergrowth opportunities in clean tech and its path to decarbonisation has the potential to spur re-rating, raises clarity on investment cycles and reduces investor worry, brokerages said. RIL chairman Mukesh Ambani at the company's 'Green AGM' on Thursday committed Rs 75,000 crore over the next three years to set up an integrated Green Energy Giga Complex across 5,000 acres in Jamnagar, Gujarat which will contain four giga factories. The complex, which would be one of the world's largest renewable manufacturing facilities, would have an integrated solar photovoltaic module factory, an energy storage battery factory, electrolyser manufacturing for hydrogen production, and manufacturing of fuel cells so that hydrogen can be used in transportation.
Tata Consultancy Services (TCS) has planned a capital expenditure of Rs 1,300 crore (Rs 13 billion) this financial year, Group chairman Ratan Tata said at the company's annual general meeting in Mumbai.
Rishad, who joined the company in July 2007, is currently chief strategy officer of the Bengaluru-based company.
Mistry was in the state on his first visit as the head of the conglomerate
He said the Board will have to strengthen its Anti-Corruption Unit to deal with these kind of issues.
Congress Vice President Rahul Gandhi on Thursday delivered his much-awaited speech at the annual general meeting at the Confederation of Indian Industry.
Reliance has a 24 per cent conversion rate of 'oil-to-chemicals' at present and may be targeting 70 per cent conversion.
The government in December had announced incentives for exporters that include extension of two per cent interest subsidy for an additional one year ending March, 2014.
He had bailed out N Srinivasan at his most critical juncture but former ICC and BCCI president Jagmohan Dalmiya has been left in the lurch if the various sub-committees formed at BCCI's Annual General Meeting on Sunday is any indication.
The company's domestic market share is down to low single digits from nearly 15 per cent a decade ago and its bread-and-butter commercial vehicle business faces a slowdown as well as intense competition.
Shareholders' demand list included from providing ABCD (appreciation, bonus, cash & dividend) security to making pepper spray.
According to a company statement, Ambani said he envisaged a new India in the not too distant future, where almost everything done digitally is transformed to a value-creating and life-enriching new experience cutting across all strata of society.
'From the tiniest to mid-level organisations and even some at the lower end of the large-scale ones would say that computerisation and the extensive documentation and regulatory requirements for GST have made the compliance process worse in many cases.'
Fearing legal repercussions, N Srinivasan refrained from staging a comeback as Board of Control for Cricket in India president but attended the Board's working committee meeting which decided to have its crucial Annual General Meeting on September 29 in Chennai.
The IATA suspended Kingfisher from its Geneva-based clearing house because of non-payment of dues to airline members.
Reliance Infrastructure said it plans to commission the Mumbai Metro rail project this year.
We are adapting to the situation by innovating new delivery modelss, launching brand campaigns that are impactful in the current context and closely monitoring changes in consumer buying behaviour, he said.
Currently, Vistara has more than 22 planes and operates around 850 flights every week.
As India raised its pitch for upgrade of ratings from the current lowest investment grade, Atsi Sheth, vice-president and senior analyst, sovereign risk group, Moody's Investors Service, tells Business Standard that she does not foresee any movement from the current grade in the next 12-18 months.
The stock exchanges have raised various concerns mainly about two UB Group firms -- Kingfisher Airlines and United Spirits -- for not providing required disclosures and not adhering to deadline regarding finacial results and the annual general meeting.
The home-grown retail player will strengthen its Reliance Market chain to take its turnover to Rs 50,000 crore (Rs 500 billion) in two-three years.
Returning to 8 per cent growth needs speedy, decisive government action, the Prime Minister added.
He, however, seemed to indicate that he did give a personal guarantee to India's largest lender SBI, which has moved the NCLT to recover Rs 1,200 crore.
After 2 years of criticism, the brokerage firm approves new direction but says quick turnaround unlikely.
Thierry Delaporte's pay package would be around 34 per cent higher than the total compensation that Wipro CEO Abidali Neemuchwala received in financial year 2019-20 (FY20). It also brings the Wipro CEO's salary on par with other top IT firms such as Infosys and Cognizant.
The fight between Madhu Kapur, widow of bank's co-founder Ashok Kapur, and current Managing Director and CEO Rana Kapoor is not about money.
Ambani said Reliance raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm's digital arm, Jio Platforms Ltd, and another Rs 53,124.20 crore through a rights issue.
With the jailed Ajay Singh Chautala on his way out after completing three terms, former Indian Administrative Service officer PC Chaturvedi is tipped to become the new president of the Table Tennis Federation of India when the body holds its Annual General Meeting on March 17.
Reliance Industry plans to make an all-out bid for securing the contract for a 3,00,000 barrels per day refinery project in Iraq, sources said.
Faced with steep fall in sales of Nano, Tata Motors said it will reposition the budget car as `a smart city car' with added features such as power steering, apart from introducing a CNG version.
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