A familiar face in the glamour circles, Sidhartha Mallya is being groomed to eventually step into his father's shoes.
Alvarez & Marsal will develop a detailed restructuring plan for the group to demonstrate to shareholders and lenders that it was self-sufficient in repaying its liabilities. So far, the IL&FS management had been working on its revival plan.
M&M recently roared past Tata Motors in auto sales for the first time.
Cricket Australia (CA) announced Kevin Roberts' resignation with immediate effect on Tuesday, following months of criticism over his stewardship during the COVID-19 shutdown.
After steering the company for 21 years, Tata will pass on the leadership baton to his successor designate and present deputy chairman of Tata Sons, Cyrus Mistry in December, when Tata turns 75.
The crowd at the Confederation of Indian Industry's annual general meeting and national conference 2012 merely issued a round of half-hearted applause, though finance minister Pranab Mukherjee had earlier hinted a rate cut was in the offing in the next 'half an hour'.
Exuding confidence that India will be able to come out of every difficult situation, Finance Minister Pranab Mukherjee on Tuesday said the country needs to be ever ready to respond to external shocks on real time basis.
The Sports Ministry on Friday lifted the suspension on the Indian Olympic Association with immediate effect after it removed the corruption-tainted duo of Suresh Kalmadi and Abhay Singh Chautala as life presidents following widespread outrage.
State-owned Indian Oil Corporation said it has earmarked Rs 43,250 crore for capacity expansion over the next five-year period. This was announced by the company's Chairman S Behuria at its annual general meeting in Mumbai
Institutional Investor Advisory Services had recommended investors to vote 'against' the proposal, while Stakeholders Empowerment Services asked investors to vote 'for' the proposal.
Calling the 'events' along the Line of Actual Control (LAC) very disturbing, the external affairs minister said they have raised some very 'basic concerns'. When asked whether it will be a long-haul or a breakthrough is expected soon, Jaishankar said: "I would not go into prediction zone at all whether it is going to be easy or not, and what will be the timelines and so on."
Sankaranarayanan feels the Supreme Court still has a role to play in the matter and should take appropriate steps, otherwise all its efforts to reform the BCCI's administrative structure would go waste.
With this rejig, Mindtree's board will now have 12 board members from eight.
Analysts believe for each of its businesses, RIL has underlined triggers that could boost profitability.
With RIL entering a new growth phase in telecom and retail, gen-next, say RIL executives, could soon be seen holding the reins of the firm, assisting their father, Chairman Mukesh Ambani.
The assignment was earlier given to global audit firm EY. But it has now been reassigned owing to 'certain conflict of interest', the Bengaluru-based company said.
The development comes after the shareholders of Ambadi Investments, the holding company of the Rs 38,100-crore Murugappa Group, voted against the induction of 59-year-old Valli Arunachalam, the eldest daughter of former executive chairman M V Murugappan, into its board.
Cracking the whip, the BCCI terminated the contract of IPL franchise Kochi Tuskers Kerala for non-payment of bank guarantee, thus abruptly ending the controversial Kerala team's association with the cash-rich league after just one year.
Shareholders feel Cyrus Mistry is slowly slipping into Ratan Tata's shoes
Production has been severely hit at the first plant in Manesar since August 29 when the management prevented workers from entering the unit without signing a 'good conduct bond' after alleged 'sabotage' and deliberate quality compromise on cars.
Osamu Suzuki, chairman, Suzuki Motor Corporation, is likely to meet Gujarat Chief Minister Narendra Modi to finalise plans to set up a manufacturing plant for Maruti Suzuki India.
The demonstrators oncarried placards saying 'Anil Agarwal, Blood on Your hands', 'Who killed Arsi Majhi? Vedanta, Vedanta'.
The government is proposing to ban distribution of gifts and food coupons at the Annual General Meetings of companies, as these activities distract shareholders from serious business.
Days after the BCCI appointed five-member new selection committee for the Indian cricket team, legendary spinner Bishan Singh Bedi has taken a dig at the Indian cricket board and the new selectors. The BCCI, on September 21, had named a little-known former India wicketkeeper-batsman, MSK Prasad, as the chairman of the new selection committee during its 87th Annual General Meeting in Mumbai. The former India captain slammed the board by taking to Twitter, where he called the new selection panel a 'bunch of jokers'.
Ganguly is set to be elected unopposed BCCI president on October 23 at the Board's Annual General Meeting.
Grappling with a high rate of price rise, the government on Tuesday expressed concern that increasing prices of crude and other commodities in global markets could add to inflationary pressure in the country.
The order, which set aside the August 9 ruling of a single-judge bench, prevented the group entities from publishing the voting results of the last AGM. However, the firms will now be able to execute decisions taken at the AGM last year. People in the know said the Birlas would appeal against the order in a higher court.
Shareholders bid adieu to the co-founder and chairman who will retire in August.
Reliance Industries will sell 20 per cent stake in its oil and chemicals business to Saudi oil giant Aramco for about $ 15 billion and nearly half of its fuel retail business to BP of UK for Rs 7,000 crore. Aramco, the world's biggest crude exporter, will also supply Reliance's twin-refineries at Jamnagar in Gujarat with 7,00,000 barrels of oil a day on a long-term basis, Ambani said.
Chirayu Amin has been appointed new chairman of the Indian Premier League (IPL), while former India captain Sunil Gavaskar was dropped from the Governing Council of the IPL.
Mukesh Ambani's AGM speeches indicate a trail of forgotten promises and projects that have not ended up as envisaged.
There are also concerns on the central government finances for the current fiscal, he said, adding, performance during the first half on the fiscal front poses some risks in both receipts as well as expenditure estimates.
The ICC is planning to do away with the rotation policy for appointing presidents and cricket's world governing body is likely to deliberate on the proposal in its annual general meeting later this month in Hong Kong.
RIL had earlier decided not to pursue the cash-and-carry model due to a number of reasons, including a growing unrest towards organised retail.
Low-cost carrier Kingfisher Red will shut down in four months with the airline group chief Vijay Mallya on Wednesday saying several measures have been initiated to face financial problems caused by high interest burden and burgeoning fuel costs.
The franchise owners Kochi Tuskers Kerala are planning to take legal action against the BCCI after the BCCI terminated the Indian Premier League side's contract at its Annual General Meeting on Monday.
The current BCCI joint secretary Sanjay Jagdale is all set to become the new secretary pipping hot favourite Ranjib Biswal as the media release issued by the board confirmed his nomination for upcoming Annual General Meeting that will be held in Mumbai.
SBI chief Rajnish Kumar said the focus going forward will be on cost reduction, rationalisation and reskilling of workforce, improving staff productivity and redeployment of workforce from admin offices to sales roles.
The under-fire Board of Control for Cricket in India on Friday adjourned its crucial Special General Meeting, called to consider the sweeping reforms suggested by the Supreme Court-appointed Lodha Committee, on technical grounds.
All directors, key officials, and shareholder speakers will be visible and audible and thousands of shareholders, including those from the US, UK, Canada UAE, Japan, HongKong, Singapore, Malaysia, and Australia, will be able to post their questions and eVote on resolutions.
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