Though academically well qualified, doesn't have enough experience, says the firm.
The deal to sell top-flight Italian soccer team AC Milan to a consortium of Chinese investors will be completed at the beginning of December or even earlier, two sources told Reuters on Friday. In August former Prime Minister Silvio Berlusconi signed a preliminary agreement valuing the club at 740 million euros ($822 million), including 220 million euros of debt. The deadline for completing the deal had been originally set for the end of this year.
The overall construction cost of the tower is $1.2 billion.
The government also sought approval from Parliament for equity infusion worth Rs 2,345 crore into struggling Air India and another Rs 1,300 crore for Air India Asset Holding.
News of all that transpired on and off the football field
Profit in FY13 up 18% to Rs 3,713 crore, dividend income jumps 37%
Sets up new financial services arm, Amit Goenka joins as CEO.
Coffee Day Group, which runs businesses from coffee cafes to wealth management to furniture to logistics, is understood to be readying the stage for a possible $100-million fund raise through the private equity route.
Adani group has interests in a wide range of businesses - trading, coal mining, realty, shipping, city gas distribution, power generation, edible oil refining, grain storage, food processing.
The Bombay high court has lifted the Company Law Board's indefinite stay on all board meetings of Bajaj group holding companies.
To allow applications for new bank licences until July 1, 2013.
Tata, who attended the annual gala event at the National Centre of Performing Arts after five years, was alluding to Chandra's presentation on the performance of the Tata group of companies.
In the run-up to the retirement, senior non-executive directors are expected to take up supervisory role in a two-tiered board system consisting of an executive board and a supervisory board.
It is Air India's only profitable subsidiary. In 2016-17, it clocked a profit of over Rs 33.4 crore, earning Rs 620 crore in revenues from its handling operations.
After Bobby Kumar's exit over controversial Ford ads, industry is abuzz with speculations on his replacement.
Sebi's move will help curb the illicit practice of keeping the parent company's account clean while maintaining debt in its subsidiaries.
Unless new members are inducted at jet speed, the strength of Tata Sons board will come down to four in July.
Reliance Industries Holdings will now directly own stakes in Reliance Ports & Terminals, Reliance Gas and Transportation and Reliance Utilities and Power.
Ratan Tata has got over Rs 1 crore as compensation for serving as an independent director on the board of NYSE-listed Alcoa Inc during 2012.
A new Section prohibits banks to lend money to smaller subsidiaries companies despite Corporate Guarantee from the parent.
Despite a temporary relief, foreign investors still see the sword of double-taxation hanging above their hard earned returns.
The lawsuit was unlikely to have deprived Lee of his control over Samsung Electronics, the world's biggest maker of smartphones, TVs and memory chips.
RBI's licensing norms require a bank to bring down promoter holding to 40 % within 3 years of operation - which, for Bandhan Bank, will be by Aug 23
India's limited overs captain Mahendra Singh Dhoni launched the ticket sales for the inaugural edition of Masters Champions League (MCL), as the brand ambassador of the tournament, with a special video message.
The Pune-based Rahul Bajaj group, thanks to an amazing stock market ride by Bajaj Finance and Bajaj Finserv, has grabbed third spot, pushing the Aditya Birla group down to fourth position.
Shapoorji and Pallonji Group to contest Cyrus Mistry's ouster from Tata Sons
Besides 15 loan transactions to the Siva group of companies, the former directors also used unique methods to ensure the group did not get into the default list.
City are looking to retain the title they won in record-breaking fashion last year and secure their fourth Premier League crown in eight years.
Find out why Tata Sons pledged 11 million shares in Tata Motors, 10 million in Tata Steel and and 15 million in Tata Consultancy Services with Centralbank Financial Services Ltd.
Alwaleed bin Talal is reportedly spending $500 million on a fully customised A380 from Airbus.
The company hiked its loan limit to the debt stricken carrier to Rs 750 cr from Rs 300 cr.
ICICI Bank, IDBI Bank, SBI and Canara Bank collectively hold 18.12 per cent equity in RGPPL, which operates the plant.
Mihir S Sharma asks a few questions on l'affaire Vadra, and makes notes on who should answer them and why
Regulators find it difficult to track down illicit transactions with no limit on the number of subsidiaries.
Tata Sons has moved the Supreme Court against an estimated Rs 300-crore (Rs 3-billion) sales tax demand from the Maharashtra state government.
The transaction - the second one in less than a year - is seen as an effort to restore investor faith in the company following a dismal performance by its UK subsidiary, Jaguar Land Rover Automotive.
Tata group will invest over Rs 45,000 crore on various businesses over next two years and would look to expand its presence in global markets besides in India, the group's new chief Cyrus P Mistry said.
Most group firm MDs will report to Nusli Wadia's younger son.
Telecom, metal and healthcare came as dampeners.
'If the RBI blesses us with a banking licence, we would like to launch a successful bank.'
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