News for 'independent director'

Economist Surjit S Bhalla appointed as executive director for India at IMF

Economist Surjit S Bhalla appointed as executive director for India at IMF

Rediff.com1 Oct 2019

Bhalla will succeed former RBI deputy governor Subir Gokarn, who died in the US on July 30 after a brief illness.

It's confirmed! McDonald's India uses authentic cheese

It's confirmed! McDonald's India uses authentic cheese

Rediff.com5 Mar 2024

Westlife Foodworld, fast-food chain McDonald's operator in West and South India, on Tuesday said food safety regulator FSSAI has verified the cheese used by it and is now allowed to use the word cheese in the name of its products. Additionally, an independent NABL (National Accreditation Board for Testing and Calibration Laboratories) has also confirmed that Westlife Foodworld uses authentic cheese in its food preparation and not cheese analogues or substitutes, its managing director Saurabh Kalra said.

Indigo passenger hits pilot after over 10 hour delay

Indigo passenger hits pilot after over 10 hour delay

Rediff.com15 Jan 2024

In the short video clip, other crew members could be seen shouting at the passenger after he hit the pilot.

Punjab cop suspended for PM security breach in 2022

Punjab cop suspended for PM security breach in 2022

Rediff.com25 Nov 2023

On January 5, 2022, Prime Minister Modi's convoy was stranded on a flyover due to a blockade by protesters in Ferozepur after which he returned from Punjab without attending any of the events, including a rally. The security breach ahead of the Punjab Assembly elections had led to a major political controversy.

Shameful that listed firms can't find women directors: Sebi

Shameful that listed firms can't find women directors: Sebi

Rediff.com20 Mar 2015

Sebi had asked all listed cos to mandatorily appoint at least one woman director.

Indian Oil shows the door to UPA-appointed officials

Indian Oil shows the door to UPA-appointed officials

Rediff.com28 Aug 2014

The NDA government is seeking removal of all political appointments.

ED recovers Rs 35 cr from domestic help of J'khand minister's secretary

ED recovers Rs 35 cr from domestic help of J'khand minister's secretary

Rediff.com7 May 2024

The premises are alleged to be of the domestic help of Jharkhand Rural Development Minister Alamgir Alam's personal secretary Sanjiv Lal.

IndiGo promoters' feud is far from over

IndiGo promoters' feud is far from over

Rediff.com30 Jul 2019

Rakesh Gangwal had raised concerns that various RPTs involving Bhatia's InterGlobe Enterprises Group were executed without seeking the audit committee's approval and without seeking competitive bids from third parties.

Do top execs of PSBs need a pay overhaul?

Do top execs of PSBs need a pay overhaul?

Rediff.com4 Jul 2023

In FY23, the State Bank of India (SBI) reported a 57.4 per cent jump in its net profit to Rs 55,684.17 crore. But the chairman of the country's largest bank, Dinesh Khara's annual pay for this creditable performance was just Rs 37 lakh (his peers at state-run banks are no better off). Look at his private bank rivals - most pocketed in excess of Rs 7 crore annually - plus stock options.

'Mr Modi Is Rattled'

'Mr Modi Is Rattled'

Rediff.com27 May 2024

The speech he gave in which he accused the Congress of getting black money in tempos from Ambani and Adani is remarkable.' 'It is a self-goal for sure, but indicates someone who has lost control, someone who is rattled.'

Is Election Slipping Out Of Modi's Hands?

Is Election Slipping Out Of Modi's Hands?

Rediff.com1 May 2024

In nearly 100 seats, the BJP stands almost no chance of winning. In 200 seats, it is a direct fight between the BJP and the Congress where the BJP has an upper hand. In 243 seats, the BJP is pitted against regional parties and it is not going to be easy. That is why 400 seats may end up as a pipe dream, states Ramesh Menon, author of Modi Demystified: The Making of a Prime Minister.

March's OTT releases

March's OTT releases

Rediff.com27 Feb 2024

Just when it seemed like OTT market is fading away with very limited original Web series arriving over the last few months, the month of March is throwing quite a few surprises.

Why Mo-Sha Want To Placate Ajit-Shinde

Why Mo-Sha Want To Placate Ajit-Shinde

Rediff.com17 Jun 2024

The coming weeks are sure to have a lot of drama unfolding in Maharashtra, predicts N Sathiya Moorthy.

BoA appoints Mukesh Ambani director

BoA appoints Mukesh Ambani director

Rediff.com17 Mar 2011

Mukesh Ambani is also a member of the Prime Minister's Council on Trade and Industry.

'Manthan Is My Most Influential Film'

'Manthan Is My Most Influential Film'

Rediff.com18 May 2024

'The censor board asked me for some strange cuts.' 'Otherwise, they would have given me an 'A' certificate.' 'One cut was where Girish Karnad was explaining artificial insemination in cattle.' 'These cuts never made any sense to me.'

Zee board rejects Invesco's request for convening EGM

Zee board rejects Invesco's request for convening EGM

Rediff.com1 Oct 2021

At its meeting held on Friday, the company's board rejected the minority shareholders' demand and termed the requisition as "invalid and illegal". "In its meeting held on 1st October 2021, the board has arrived at a conclusion that the requisition is invalid and illegal; and has accordingly conveyed its inability to convene the Extraordinary General Meeting to Invesco Developing Markets Funds and OFI Global China Fund, LLC," ZEEL said in a statement.

Adani to pay additional amount for NDTV shares

Adani to pay additional amount for NDTV shares

Rediff.com3 Jan 2023

Richest Asian Gautam Adani's group on Tuesday said it will pay an additional Rs 48.65 a share to NDTV stockholders who tendered their shares in its open offer to help match what it had paid to buy out a stake of the news broadcaster's founders. Adani Enterprises in a stock exchange filing said it will pay an additional Rs 48.65 per NDTV share to investors, who had sold their shares in an open offer between November 22 and December 5, taking the payout to Rs 342.65 a share and matching what it paid to buy Prannoy Roy and Radhika Roy's stake. Adani Group first acquired Vishvapradhan Commercial Private Limited, a little-known company that had given Rs 403 crore of an interest-free loan to RRPR Holdings - a company founded by the Roys and bore their initials in its name - in 2009-10 in exchange for warrants that allowed it to buy a stake in the newsgroup at any time.

ULFA-I claims responsibility for blast near army station in Assam

ULFA-I claims responsibility for blast near army station in Assam

Rediff.com15 Dec 2023

ULFA-Independent on Friday claimed responsibility for the blast near the gate of the army station in Assam's Jorhat district.

Why India Inc boardrooms will never be the same again

Why India Inc boardrooms will never be the same again

Rediff.com1 Apr 2018

Here's a look at how the new corporate governance norms will affect India Inc boardrooms.

'A Kejriwal will emerge from every house'

'A Kejriwal will emerge from every house'

Rediff.com21 Mar 2024

She alleged that the ED has become a "political tool" of the Bharatiya Janata Party.

Trump sacks FBI director Comey

Trump sacks FBI director Comey

Rediff.com11 May 2017

The shock move comes days after Comey testified on Capitol Hill about the FBI's investigation into Russia's election meddling and a possible collusion between the country and Trump's campaign.

Former Chief Justice of India R C Lahoti dies at 81

Former Chief Justice of India R C Lahoti dies at 81

Rediff.com24 Mar 2022

Justice Lahoti was appointed as the 35th chief justice of India on June 1, 2004. He retired on November 1, 2005.

'There are chances AAP can disintegrate'

'There are chances AAP can disintegrate'

Rediff.com26 Mar 2024

'If Kejriwal is adamant on running his government from jail, then his government could be dismissed and Article 356 imposed on Delhi, in other words President's rule in Delhi.'

Ramdev crossed red line, maligned modern medicine: IMA chief

Ramdev crossed red line, maligned modern medicine: IMA chief

Rediff.com29 Apr 2024

Asokan said Ramdev went against the medical profession by saying "modern medicine is a stupid and bankrupt science".

ED arrests ex-IAS officer in Rs 2000-cr Chhattisgarh liquor 'scam' case

ED arrests ex-IAS officer in Rs 2000-cr Chhattisgarh liquor 'scam' case

Rediff.com21 Apr 2024

The IAS officer was later taken into custody under the provisions of the Prevention of Money Laundering Act and is expected to be produced before a magistrate seeking his remand, the sources said.

4 arrested for poor construction of flyover in Ahmedabad

4 arrested for poor construction of flyover in Ahmedabad

Rediff.com29 May 2023

The Ahmedabad Municipal Corporation (AMC) had decided to pull down the Chhatrapati Shivaji Maharaj flyover constructed by the AEIPL in the city's Hatkeshwar locality at a cost of Rs 44 crore and commissioned in 2017.

RBI appoints 3-member team to run Lakshmi Vilas Bank

RBI appoints 3-member team to run Lakshmi Vilas Bank

Rediff.com28 Sep 2020

The Reserve Bank of India (RBI) has approved a three-member committee of directors to run the day-to-day functioning of cash-strapped Lakshmi Vilas Bank.

IPO activity to see spillover effect from mid, smallcap weakness: Analysts

IPO activity to see spillover effect from mid, smallcap weakness: Analysts

Rediff.com30 Mar 2024

The ongoing weakness in the broader equity market is likely to weigh on primary market investor participation ahead, which has already begun showing signs of fatigue, analysts said. The spillover effect, they say, will continue as long as the midcap and smallcap segments remain volatile. "The effect will be felt in the IPO market. The subscription levels have come down in the last few days and recent 4-5 IPOs have not done well.

Calcutta HC judge Abhijit Gangopadhyay to resign, may join politics: Reports

Calcutta HC judge Abhijit Gangopadhyay to resign, may join politics: Reports

Rediff.com3 Mar 2024

The judge refused to comment on it, stating that he would address all inquiries after submitting his resignation.

Wipro's leadership crisis gets more severe with Thierry Delaporte's exit

Wipro's leadership crisis gets more severe with Thierry Delaporte's exit

Rediff.com8 Apr 2024

The writing has been on the wall for some time. Exodus of senior leadership and growth behind its peers are reasons that have prompted Thierry Delaporte, the chief executive officer (CEO) of Wipro to resign, analysts said. Delaporte, Wipro's seventh CEO, also resigned without completing his five-year term, like his predecessor Abidali Neemuchwala decided to end his tenure prematurely in 2020. Phil Fersht, HFS Research CEO and chief analyst believes the change in leadership was at least six months overdue.

Is Modi's Authoritarianism Good For India?

Is Modi's Authoritarianism Good For India?

Rediff.com22 Mar 2024

We need not spend much time going over what this government has done and is doing to the Opposition, by misusing the Enforcement Directorate and the CBI. There is a daily update on that, notes Aakar Patel.

ED raids rose by 86 times under BJP government

ED raids rose by 86 times under BJP government

Rediff.com17 Apr 2024

Searches conducted by the Enforcement Directorate (ED) under the anti-money laundering law rose by 86 times while arrests and attachment of assets jumped by around 25 times in the 10 years since 2014 compared to the preceding nine-year period, according to official data.

'Completely unprovoked': NIA on Bengal mob attack

'Completely unprovoked': NIA on Bengal mob attack

Rediff.com7 Apr 2024

"The NIA categorically refuted allegations of mala fide in its Bhupatinagar blast case," an agency spokesperson said.

Bill Gates steps down as chairman; Nadella takes over

Bill Gates steps down as chairman; Nadella takes over

Rediff.com4 Feb 2014

Microsoft Corporation on Tuesday announced that its Board of Directors has appointed Satya Nadella as Chief Executive Officer and member of the Board of Directors effective immediately.

Don't bring down system like this, says SC in hearing on EVMs

Don't bring down system like this, says SC in hearing on EVMs

Rediff.com16 Apr 2024

The Supreme Court on Tuesday deprecated criticism of electronic voting machines (EVMs) and calls for reverting to ballot papers, saying the electoral process in India is a "humongous task" and attempts should not be made to "bring down the system".

Kiran Mazumdar-Shaw fined by Infy for 'insider trading'

Kiran Mazumdar-Shaw fined by Infy for 'insider trading'

Rediff.com1 Mar 2019

The penalty collected from Mazumdar-Shaw will be donated to a charitable organisation of her choice.

Oscars 2017: PREDICT the Best Director!

Oscars 2017: PREDICT the Best Director!

Rediff.com20 Feb 2017

Raja Sen analyses the contenders for the Best Director category at the Oscars.

Independent luxury floors attract realty buyers

Independent luxury floors attract realty buyers

Rediff.com18 Nov 2013

In a trend that has taken off in a significant way, more and more developers are launching independent floors with lawns and basement/roof terraces in gated communities, to attract buyers, who otherwise opt for builder floors prevalent in the unorganised real estate sector.

Will the entry of PEs into banks lead to better governance?

Will the entry of PEs into banks lead to better governance?

Rediff.com24 Mar 2022

Private equity (PE) is set to play a bigger role in banks. Of 21 recommendations accepted by the Reserve Bank of India (RBI) out of 31 made by its Internal Working Group (IWG), its stance on non-promoter holdings in private banks is seen with excitement, though it doesn't refer to PEs explicitly. On non-promoter holdings in these banks, the RBI said this will be capped at 10 per cent of the paid-up voting equity share capital in the case "of natural persons and non-financial institutions and entities"; and "at 15 per cent for all categories of financial institutions, entities, supranational institutions, public sector undertaking, or the government." While this is a modification of the IWG's stance for the non-promoter holding in banks at up to 15 per cent, it does open up a huge window for PEs, all the same. This is because, while the RBI has remained silent on the eligibility of industrial houses for bank licences, fresh high-quality capital in large amounts can only come from PEs.

Patna HC ex-CJ-led fact-finding team en route Sandeshkhali detained

Patna HC ex-CJ-led fact-finding team en route Sandeshkhali detained

Rediff.com25 Feb 2024

Citing Section 144 CrPC was in force in parts of Sandeshkhali and it would not be prudent to allow them access to the area even in groups of four-five, senior police officers stopped their convoy at the Bhojerhat area, which is around 52 km from the riverine area, on Basanti Highway.