News for 'independent director'

Booked in Mahadev betting case, Dabur Group's Burmans deny charges

Booked in Mahadev betting case, Dabur Group's Burmans deny charges

Rediff.com15 Nov 2023

The Burman family, which runs Dabur Group, has denied any involvement or role in an illegal cricket-betting app as alleged by the Mumbai police in a complaint filed last week. The family said vested interests were behind the police complaint and they wanted to scuttle their (Dabur's) move to acquire Religare Enterprises, a financial services company. "We have not received any formal communication on any such FIR

When Akshay Sunk His Teeth In...

When Akshay Sunk His Teeth In...

Rediff.com14 Aug 2024

Fardeen Khan takes the world behind the scenes of his first theatrical release in 14 years, Khel Khel Mein, which is an ensemble film with Akshay Kumar, Taapsee Pannu, Vaani Kapoor, Ammy Virk, Aditya Seal and Pragya Jaiswal.

Love, Sitara Review: Confused Drama

Love, Sitara Review: Confused Drama

Rediff.com27 Sep 2024

Love, Sitara doesn't flesh out the people or their problems enough to give us a glimpse into their minds, observes Sukanya Verma.

Jay Shah elected unopposed as next ICC chairman

Jay Shah elected unopposed as next ICC chairman

Rediff.com27 Aug 2024

Jay Shah will take over as the next chairman of the ICC in December after he emerged as the sole nominee for the high-profile job

Where Would India Be Without Dr Singh?

Where Would India Be Without Dr Singh?

Rediff.com27 Dec 2024

What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.

Russian energy giant Rosneft appoints first Indian on its board

Russian energy giant Rosneft appoints first Indian on its board

Rediff.com7 Jul 2023

Russian energy giant Rosneft has appointed a former Indian Oil Corporation (IOC) director to its board in signs it may be looking at boosting trade links with India. G K Satish, who retired as director for business development at IOC in 2021, is one of the three new faces appointed to the 11-strong board of directors of Rosneft, according to a statement issued by the Russian firm. Satish, 62, is the first Indian to be appointed to the board of Rosneft.

Attempt to stifle independent journalism: Newslaundry, Newsclick on tax 'survey'

Attempt to stifle independent journalism: Newslaundry, Newsclick on tax 'survey'

Rediff.com11 Sep 2021

The tax department surveyed the office of the news portal located at Sarvodaya Enclave in south Delhi on Friday along with that of another digital news platform Newsclick in Saidulajab area (south Delhi) on charges of alleged tax evasion.

How Government Is Making Use Of AI

How Government Is Making Use Of AI

Rediff.com9 Oct 2024

The National Informatics Centre uses AI to automate document analysis and detect fraud in government departments.

Explained: Why shareholders are angry at promoter-directors' remuneration

Explained: Why shareholders are angry at promoter-directors' remuneration

Rediff.com23 Sep 2021

Earlier this month, Sobha Kapoor and Ekta Kapoor, part of the promoter group of Balaji Telefilms, faced shareholder ire when they failed to obtain the requisite votes on resolutions proposing pay increases for them. In recent months, several promoter-directors, including Siddharth Lal of Eicher Motors and Pawan Munjal of Hero MotoCorp, have faced similar situations. Clearly, large institutional shareholders - and public shareholders - are not taking kindly to promoter-directors upping their remuneration takeaways at a time when the prospects of business recovery are clouded by the anticipated third wave of the Covid-19 pandemic.

41 firms facing probe donated Rs 2,471 cr to BJP: Petitioners

41 firms facing probe donated Rs 2,471 cr to BJP: Petitioners

Rediff.com23 Mar 2024

Senior advocate Prashant Bhushan, who appeared for the petitioners in the court, said at least 30 shell companies purchased electoral bonds worth over Rs 143 crore.

UP order to shift students from unrecognised madrasas sparks row

UP order to shift students from unrecognised madrasas sparks row

Rediff.com12 Jul 2024

The then Uttar Pradesh chief secretary, Durga Shankar Mishra, in an order dated June 26 and issued to all the district magistrates of the state, cited a letter from the National Commission for Protection of Child Rights dated June 7.

Travelling Abroad? Use Prepaid Forex Card

Travelling Abroad? Use Prepaid Forex Card

Rediff.com24 Oct 2024

Using credit or debit cards abroad can prove costly.

21 Int'l bodies urge CJI for swift resolution of Adani coal imports case

21 Int'l bodies urge CJI for swift resolution of Adani coal imports case

Rediff.com24 May 2024

The letter comes after a report by the London-based Financial Times, citing documents from George Soros-backed Organized Crime and Corruption Reporting Project (OCCRP), alluded to a "fraud" by the Adani Group by selling low-grade coal as high-value fuel in 2013.

Why John Abraham Got Angry!

Why John Abraham Got Angry!

Rediff.com2 Aug 2024

John Abraham and Nikkhil Advani step up their creative collaboration as they bring forth the new actioner Vedaa.

What Is Navya Naveli Studying At IIM-A?

What Is Navya Naveli Studying At IIM-A?

Rediff.com3 Sep 2024

Announced in January 2024, the BPGPA MBA is a blended (hybrid) programme that combines on-campus, in-person sessions and live interactive online sessions.

Will Sexual Abuse Ever End In Film Industry?

Will Sexual Abuse Ever End In Film Industry?

Rediff.com11 Sep 2024

Nothing is going to change in a hurry unless attitudes change and punishments are speedy and fair, notes Ramesh Menon.

When Moral Police Followed Zeenat Aman

When Moral Police Followed Zeenat Aman

Rediff.com17 Jun 2024

Zeenat Aman shares pictures from Shammi Kapoor's directorial debut Manoranjan where she played a sex worker, Nisha and spoke in detail about how the moral police had a field day because of her flirtatious and sexy outfits in the film.

Chai, biscuits on me: Rahul claims ED raid being planned against him

Chai, biscuits on me: Rahul claims ED raid being planned against him

Rediff.com2 Aug 2024

Gandhi said he was "waiting with open arms".

Companies bribed parties via electoral bonds for projects: Prashant Bhushan

Companies bribed parties via electoral bonds for projects: Prashant Bhushan

Rediff.com12 May 2024

He said a petition has been filed before the Supreme Court, seeking an independent probe by a special investigation team into the alleged nexus between political parties and companies for corruption through electoral bonds.

'Always Treat China With Caution'

'Always Treat China With Caution'

Rediff.com7 Nov 2024

'Given China's past behaviour and their territorial claims, should we be sceptical regarding China's willingness to adhere to these agreements fully? The answer is yes.' 'As Ronald Reagan famously said in the context of the SALT talks, 'Trust, but verify!' India should also do the same.' 'This has already begun with foot patrolling, drones, satellite imagery and so on. India's military deployment did mirror China's and will continue to do so in the future.'

Harsh Lodha is back as director in 2 MP Birla group firms following court nod

Harsh Lodha is back as director in 2 MP Birla group firms following court nod

Rediff.com6 May 2020

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.

Gautam Adani cements hold over Ambuja, son Karan is chairman of ACC

Gautam Adani cements hold over Ambuja, son Karan is chairman of ACC

Rediff.com16 Sep 2022

Billionaire Gautam Adani's son Karan will helm the cement firms his group has acquired to become India's second largest cement player and extend his burgeoning empire that spans from ports and energy to airports and telecom.

India's First Hindi Horror Comedy

India's First Hindi Horror Comedy

Rediff.com18 Sep 2024

Mehmood and R D Burman shiver, wail and flail when they encounter a stuffed tiger that wags its tail, furniture that moves on its own volition and dancing skeletons and mummies. Dinesh Raheja revisits a must-watch.

WeWork's exit from India unit unlikely to impact domestic co-working market

WeWork's exit from India unit unlikely to impact domestic co-working market

Rediff.com25 Jun 2024

The exit of WeWork from its India unit is unlikely to have an impact on the country's co-working real estate market, according to industry executives. The company last week received approval from the Competition Commission of India (CCI) to sell its entire 27.5 per cent stake in the India unit to Real Trustee Advisory Company. The majority of the stake (72.5 per cent) in WeWork India is owned by Bengaluru-based Embassy Group.

Kishore Biyani's remuneration fell 44% to Rs 2.17 cr last fiscal

Kishore Biyani's remuneration fell 44% to Rs 2.17 cr last fiscal

Rediff.com8 Sep 2021

In 2020-21, business activities were hit by the coronavirus pandemic. Biyani's annual remuneration stood at Rs 3.86 crore in 2019-20, according to Future Retail Ltd's (FRL) annual report for 2020-21. FRL's managing director Rakesh Biyani also saw his remuneration decline by 4.82 per cent to Rs 3.75 crore in the financial year ended March 31, 2021.

HCL Tech Q4 net profit flat at Rs 3,986 cr

HCL Tech Q4 net profit flat at Rs 3,986 cr

Rediff.com26 Apr 2024

India's third largest IT company HCL Technologies on Friday reported a flat year-on-year growth in net profit in the March quarter at Rs 3,986 crore. However, the company posted an 8.4 per cent decline in net profit on a sequential basis, amid rising employee cost and tightening IT spends around the world. The company described the performance as "decent" in view of the global macroeconomic conditions.

No salary for Akash, Isha and Anant Ambani; fee for attending board meetings

No salary for Akash, Isha and Anant Ambani; fee for attending board meetings

Rediff.com26 Sep 2023

While Ambani, 66, drew nil salary from the company since the 2020-21 fiscal year, other executive directors including his cousins Nikhil and Hital are paid a salary, perquisites, allowances and commission. His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm.

'Cancelling Adani Project Not Good Sign'

'Cancelling Adani Project Not Good Sign'

Rediff.com30 Sep 2024

'If there is a push towards a Marxist oriented government it will be dangerous.' 'We have seen this in Nepal and Myanmar and it will be a concern for India if it is surrounded by countries with such political dispensations.'

MPS: FinMin may extend August deadline for PSBs, insurers

MPS: FinMin may extend August deadline for PSBs, insurers

Rediff.com10 Jun 2024

The finance ministry is in favour of extending the August deadline for public sector banks (PSBs) as well as insurance companies to increase their minimum public shareholding (MPS) to the mandated 25 per cent, said a senior government official. "The election results will determine the course of action. "Most likely, those who did not receive an extension to meet the minimum shareholding norm will be granted one," the senior government official said.

Wipro Q4 net profit falls; new CEO flags uncertainty in macro environment

Wipro Q4 net profit falls; new CEO flags uncertainty in macro environment

Rediff.com19 Apr 2024

IT service company Wipro on Friday reported 7.8 per cent year-on-year decline in its consolidated net profit for the March quarter to about Rs 2834.6 crore, and cautioned that the macroeconomic environment remains "uncertain". The Bengaluru-headquartered company, which recently saw a change of guard with Srinivas Pallia taking over at the helm as the new chief executive officer, has given an IT Services revenue growth guidance in the (-)1.5 per cent to +0.5 per cent band for June quarter on a constant currency basis.

It's Rahul vs BJP on lateral entry of bureaucrats

It's Rahul vs BJP on lateral entry of bureaucrats

Rediff.com19 Aug 2024

The opposition parties on Sunday slammed the move to hire public servants through lateral entry, claiming it will snatch reservations from SCs, STs and OBCs, but the Bharatiya Janata Party hit back stating the National Democratic Alliance government was bringing transparency to this mode of recruitment started by the Congress-led United Progressive Alliance.

Shares Buyback Breaks 14 Month Record In August

Shares Buyback Breaks 14 Month Record In August

Rediff.com28 Aug 2024

A sharp rise can be attributed to the significant changes in India's share buyback tax regime, which will come into effect from October 1, 2024.

Russia Eyes India To Sell Small Nuclear Plants

Russia Eyes India To Sell Small Nuclear Plants

Rediff.com21 Sep 2024

The major advantages of such plants are no need of land to build the reactors, earthquake resistant, abundance of water for active or passive cooling.

Sincere Russia-Ukraine talks needed to end conflict: India at Swiss summit

Sincere Russia-Ukraine talks needed to end conflict: India at Swiss summit

Rediff.com16 Jun 2024

It said a resolution to the conflict requires a "sincere and practical engagement" between the two parties, clearly referring to Russia and Ukraine.

Shareholders vote down Birla nominees to board of directors

Shareholders vote down Birla nominees to board of directors

Rediff.com25 Sep 2021

Vindhya Telelinks, Universal Cables and Birla Cable shareholders go against family's wishes.

Complaint against Sheikh Hasina for genocide during students' stir

Complaint against Sheikh Hasina for genocide during students' stir

Rediff.com14 Aug 2024

Stating that an investigation team will work under the full supervision of the United Nations to ensure complete transparency and impartiality, he said, "None of the outgoing government involved in the murder will be exempted."

Nijjar case: Canada intel chief visited India twice, secretly

Nijjar case: Canada intel chief visited India twice, secretly

Rediff.com10 Jun 2024

Canada's intelligence agency chief David Vigneault paid two under-the-wraps visits to India in February and March to apprise Indian officials of the case relating to the killing of Khalistani extremist Hardeep Singh Nijjar, people familiar with the matter said.

'IOC should probe claims of abuse by Indian wrestlers'

'IOC should probe claims of abuse by Indian wrestlers'

Rediff.com24 Jul 2024

The International Olympic Committee should investigate India's wrestling federation and bolster its tools to report cases of sexual harassment, the Sport and Rights Alliance (SRA) said

India tests Agni-5 missile capable of deploying multiple warheads

India tests Agni-5 missile capable of deploying multiple warheads

Rediff.com11 Mar 2024

Prime Minister Narendra Modi on Monday congratulated Defence Research and Development Organisation (DRDO) scientists over the first flight test of indigenously developed Agni-5 missile, capable of deploying multiple warheads.

Infosys appoints minister's wife on board; faces flak on Twitter

Infosys appoints minister's wife on board; faces flak on Twitter

Rediff.com14 Jan 2016

Punita is the founder and managing partner, Pacific Paradigm Advisors