The Union Cabinet's decision to raise the foreign direct investment (FDI) limit in the insurance sector to 100 per cent is unlikely to significantly boost foreign investment as distribution remains a critical factor, requiring overseas players to partner with Indian businesses, experts said.
Joshna Chinappa continues to push boundaries despite being on the wrong side of 30s
Indian billionaire Shiv Nadar's foray into the insurance sector is likely to fructify soon. DLF Pramerica Life, seeking an Indian partner for its operation, is in talks with Nadar's HCL Group to sell a majority stake. According to those in the know, both parties are back on the table to iron out the nitty-gritty, after the deal got stuck a year back due to stringent guidelines.
Only Mukesh Ambani and Gautam Adani are ahead of her.
HCL Technologies on Monday said its founder Shiv Nadar will take on the role of Chairman Emeritus and Strategic Advisor to the company's board. Nadar, chief strategy officer and managing director of the company, on completing 76 years of age, has tendered his resignation as the MD as well as the Director with effect from close of business hours on July 19, according to a regulatory filing. "In order to continue to benefit from his vast knowledge, experience, and wisdom in an advisory role, the Board of Directors in its meeting held today, after considering the recommendations of the Nomination & Remuneration Committee, has approved the appointment of Shri Shiv Nadar as the 'Chairman Emeritus and Strategic Advisor to the Board' for a term of five years with effect from July 20, 2021," it added.
Shiv Nadar, the first-generation information technology entrepreneur, founder and chairman of the HCL Group, has announced an additional Rs 3,000-crore investment over the next five years towards the educational initiatives of his corporate social responsibility entity, the Shiv Nadar Foundation.
Shiv Nadar's daughter, Roshni, joins HCL Tech board
S Premkumar has joined as the Group CEO -- Healthcare Services, Apollo Hospitals, one of the country's largest hospital chain.
Roshni, also a trained classical musician, came on the board of HCL Technologies in 2013 and was vice chairperson. Shiv Nadar would continue to be MD of the company with designation as chief strategy officer.
A new generation is being groomed to take over some of the top companies in India.
Together, the top 10 business groups reported a pre-tax loss of Rs 19,342 crore during the January-March 2020 quarter, as against a profit before tax of around Rs 48,500 crore in the year-ago period and Rs 39,600 crore during the December quarter. While Vedanta was the worst hit. others included Aditya Birla, Bharti, Adani, Mahindra, and Tata.
Needed: Technical Support Officers and Customer Service Executives for HCL Technologies.
Vineet Nayar, chief executive of HCL Technologies till January this year, has decided to step down from the board of the company.
Formal announcement of venture into new segment on Thursday; group's entry timely, given the demand, say experts
Uttar Pradesh government has awarded the project to Vamasundari Investments, the investment arm of HCL
The calculation excludes cross-holding of listed group cos in each other.
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