Speaking to reporters after the board meeting of Mahindra Satyam in New Delhi, Tech Mahindra CEO Vineet Nayyar said, "It (restatement of accounts of Mahindra Satyam) is likely to be completed by the end of the year (2009)".
India have been placed in Group B -- along with England and South Africa -- for the 2011 World Cup in the sub-continent, the International Cricket Council (ICC) announced on Wednesday after a Board meeting in Johannesburg. In Group A there will be Australia, Pakistan, New Zealand, Sri Lanka, Zimbabwe, Canada and Kenya.
The present set-up in the Pakistan Cricket Board (PCB) is still ruing a golden opportunity wasted by the deposed chairman of the board, Zaka Ashraf who declined a chance for Pakistan cricket to make big financial gains and have a bigger say in world cricket affairs.
The next edition of the Asia Cup One-day tournament is likely to be held next year.
The resignation is sure to create more political firestorms for the government as it comes on the eve of the winter session of Parliament where the Opposition has already made it clear to the treasury benches that infringing on the RBI autonomy would be a big talking point for them.
The 'bad bank' -- which will help banks clear their balance sheets by transferring the NPAs to special purpose vehicles -- has been one of the most debated ideas for stressed asset resolution.
Malvinder steps down as CMD four years ahead of schedule.
A K Bhattacharya lists three reasons why Finance Minister Arun Jaitley will most likely present a full Budget on February 1, 2019.
South Africa have restored cricket relations with Zimbabwe, Cricket South Africa said on Friday. A CSA statement said the decision had been made at a board meeting attended by Zimbabwe Cricket Union president Peter Chingoka and chief executive officer Ozias Bvute. Last year CSA decided to suspend bilateral relations with the ZCU because of the deteriorating political and economic situation in the country.
Here are the key decisions announced by the Reserve Bank of India on Thursday.
At a board meeting last week, Benmosche told fellow AIG directors that he was 'done' but agreed to think it over after other board members reacted with shock.
The Bangladesh Cricket Board said it will consider lifting the ban on its Indian Cricket League players at its next Board meeting after India offered a similar amnesty.
They are also on the board of Maruti Suzuki India.
Later Mahindra Satyam said its board of directors has allotted 19.86 crore additional shares to Venturebay, which would take Tech Mahindra's stake to approximately 43 per cent of the outstanding share capital. A Tech Mahindra spokesperson said after the preferential allotment Venturebay's stake in Mahindra Satyam would be 42.7 per cent.
Cyber thieves have been using RBI logos to send out mails to cheat customers
International Cricket Council has guaranteed that India and Pakistan would play a bilateral series after every two years even if were to be held at neutral venues, according to PCB chairman Ejaz Butt.
The IIM-A faculty council during its meeting held on Saturday last had opposed the new government order on pay revision and asked IIM-A director Samir Barua to delay its implementation by a month.
The Securities and Exchange Board of India has recommended reservation for domestic mutual funds within the quota allocated for "anchor investors" in initial public offers.
Hospital chain Fortis Healthcare's Rs 1,000 crore (Rs 10 billion) rights issue is likely to hit the market by October, with the firm taking fresh steps to realise the plan.
The Pakistan Cricket Board (PCB) has taken up the issue of cancellation of bilateral series with India last December, as per an MOU signed between the two boards in 2014 to play six bilateral series, with the International Cricket Council. An official in the board told PTI that chairman Shaharyar Khan had brought up the issue at the recent ICC board meeting in Dubai and stressed the need for boards to respect bilateral agreements. "Shaharyar did take up this issue at the ICC meeting and pointed out that India had not played Pakistan in a bilateral series since 2007 and it had caused loss of millions of dollars to the PCB in estimated revenues," the official said. He said Shaharyar made the point that if the BCCI had to seek government clearance to play Pakistan in a bilateral series it should not have signed the MOU in the first place.
Rights issues are those which entitle existing shareholders to buy newly issued shares at a discount. Sources said, as part of the rationalisation, Sebi is likely to modify some disclosures while dropping others. While bringing about these changes, all efforts will be made by the regulator to protect the interest of existing investors, sources said.
There will be no retrenchment in Satyam, up to 10,000 employees to be put into virtual pool, Tech Mahindra CEO Vineet Nayyar said.
In an action replay after seven years, Mukesh Ambani-promoted Reliance Industries, India's largest company by market capitalisation, announced on Friday, plans to merge its group firm Reliance Petroleum with itself. Both RIL and RPL informed the Bombay Stock Exchange on Friday that they would hold separate board meetings on March 2 to consider the merger.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
Focusing on India as a rapidly growing market, US soft drinks giant Pepsico would pump in an estimated Rs 700 crore to set up four new food and beverages projects by 2012.
The International Cricket Council on Thursday dismissed Pakistan's claim that India was behind the shifting of their 2011 World Cup matches and said the decision could have been avoided if the security apprehensions in the strife-torn country were responsibly addressed during the ICC Executive Board meeting.
'Somewhere along the way, elected office-bearers appeared to have lost sight of the interest of cricket and begun to pursue their own interpretation of what the game should be.' 'Families made it a tradition to have their representatives occupy, if not usurp, positions in state associations,' points out Vinod Rai, who will step down as head of the BCCI's Committee of Administrators on Wednesday, October 23.
The meeting of the six-member Satyam Board, which started in Hyderabad on Wednesday, has been extended till Thrusday.
The Securities and Exchange Board of India is expected to take up two critical issues at a board meeting scheduled February 2
Sebi splits CMD post and has directed listed companies to have at least six directors and at least one of them needs to be a woman.
The Confederation of Newspaper and News Agency Employees Organisations has threatened to go on agitation on Tuesday in protest against the Wage Board meeting journalists and non-journalists separately.
Unhappy about Shoaib Malik's sacking as captain, Javed Miandad resigned as Director-General of the Pakistan Cricket Board on Wednesday. Sources in the PCB confirmed that Miandad resigned but it was not clear if his resignation was accepted by the Board, as PCB chairman Ejaz Butt left for Perth on Wednesday morning to attend ICC's Executive Board meeting, starting Saturday.
Further, the market regulator has not got any request from the Satyam board asking for an extension to publish the financial results. However, Sebi will consider the request if they receive it, clarified Sebi Chairman C B Bhave who was briefing mediapersons after the Sebi board meeting.
To present revival plan to board; Naik meets PMO official.
ICICI group's private equity business head Renuka Ramnath is believed to have put in her papers on Monday.
Following is the chronological summary of events which saw IT major Satyam Computer Services, founded in 1987, on its path to disaster:
India's embattled Satyam Computer Services could become the country's first large outsourcing company to merge or be taken over amid increasing doubts over whether its founding family still controls the company.
The International Cricket Council has ruled out shifting Pakistan's share of the 2011 World Cup matches to a neutral venue, reaffirming that the games taken away from the troubled nation on security grounds will be held in the other three co-host countries.
The legendary Viv Richards lashed out at the ICC for its official reprimand of World T20 champions the West Indies, saying it has one rule for the Darren Sammy-led outfit and another for the Indian cricket team.
The International Tennis Federation will consider an appeal from India seeking a heavier penalty on Australia for forfeiting last month's Davis Cup tie in Chennai due to security concerns. The ITF said on Friday it had received an appeal from the All India Tennis Association which would be discussed at a board meeting on July 15.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances