Former skipper Sourav Ganguly preferred to remain tight-lipped about whether he is a possible contender for the job of India coach, saying "let's not speculate".
IT major Wipro on Thursday said it will pay Rs 7 crore (Rs 70 million) each to its former joint chief executives Girish Paranjpe and Suresh Vaswani as severance packages.
Air India's financial and operational performance as part of its turnaround process came up for a review at the airline's Board meeting in New Delhi.
Dara Khosrowshahi has the Herculean task of repairing Uber's image, boosting employee morale and turning the business profitable for the world's most valued startup.
El Salvador risk suspension from world soccer after the country's government said on Monday it did not recognise a FIFA commission running its football federation (Fesfut).
Having cracked the whip on the scam-tainted Medical Council of India, Health Minister Ghulam Nabi Azad has urged the panel of doctors, which has replaced the body, to take transparent and corruption-free decisions. In a letter to Dr S K Sarin, chairperson of the new board, Azad said the government appointed the board of governors to exercise the powers and perform the functions of the MCI after due deliberations.
West Indian cricket legends, including Sir Garfield Sobers and Sir Vivian Richards, have demanded the "dissolution" of the West Indies Cricket Board and formation of an interim one in place of the "obsolete" body.
In an interview, G Nagamal Reddy, who took charge of TMB in June as managing director and chief executive officer, tells TE Narasimhan that the bank, which was largely seen as a Nadar community bank, is trying to shed that tag.
A two-day board meeting of Maytas Infrastructure's six-member new board, which comprises four government-nominees, is likely to divest some projects nearing completion in a bid to raise funds to complete other assignments.
The government on Wednesday said there would not be any delay in constituting the new board of Satyam Computer and exuded confidence that the incoming management would retain the existing staff.
Different investigating agencies -- Securities and Exchange Board of India, Registrar of Companies and Serious Fraud Investigation Office -- are looking into the fraud and 'I assure you that those found guilty would be meted out severe punishment.'
The chartered accountants regulator ICAI on Thursday said KMPG cannot audit Satyam's books, but the global auditor said it does not require to register with the regulator to restate the IT company's accounts.
ICAI president Uttam Prakash Agarwal said the new board, to be called the Review Reporting Board, will have powers to examine even unlisted firms. Currently, the Financial Reporting Review Board, which was set up in 2004 to monitor and regulate the functioning of CAs in the country, picks up audit reports of about 50-60 listed companies and non-government organisations to see whether procedures are being followed.
Amidst reports that controversial film "Messenger of God" featuring Dera Saccha Sauda chief Gurmeet Ram Rahim Singh in lead role has been cleared by Film Certification Appellate Tribunal, Censor Board chief Leela Samson on Thursday night said she has decided to resign.
Sends team to discuss share auction with Sebi today Satyam board to sell stake via auction.
Satyam has initiated discussion with a host of banks and institutional investors to get funds to keep its business afloat and has pledged some of its receivables to secure funding, Parekh told reporters in Mumbai on Wednesday. Satyam's new board will meet on Thursday and the day after to discuss issues including appointments of top executives and ways to raise funds, Parekh said.
The board also confirmed that the search for the CEO and CFO continues and that till such time these appointments are concluded, it will continue to meet on a weekly basis, to address ongoing issues. The board members reiterated that they are in touch with key customers and so far have not heard of deliveries being affected in any way.
With the shadow of the Supreme Court-appointed Justice Lodha panel recommendations hanging over its head, the BCCI will be conducting its 87th Annual General Meeting in Mumbai on Wednesday, with election of its honorary secretary being one of the priorities on the agenda.
During the course of the meeting last month, Satyam's then chief financial officer Vadlamani Srinivas informed the board that the valuation of Maytas Properties was done by Ernst & Young, but the global accounting firm disputed the claim. According to the minutes, members noted the imperative of infrastructure foray, particularly based on leveraging on the brand of Satyam to become an eminent player in infrastructure as well.
It is quite a shock that that company management, mainly disgraced chairman B Ramalinga Raju, kept everyone -- seemingly --in the dark for a decade.
Terming the newly constituted board of Satyam Computer as "able", former Sebi chairman M Damodaran today expressed the confidence that the new leadership will chalk out ways to tide over the crisis.
Stocks of IT companies, including Wipro and Megasoft, took a beating at the bourses after it was revealed on Monday that the two firms were barred from doing businesses with the World Bank.
The government has used provisions under Section 388 of the Companies Act to push its intent to appoint 10 nominees on the Satyam board. The section provides for a change of management in case the existing personnel are found to be guilty of fraud, malfeasance, persistent negligence or default in carrying out their obligations and functions under the law, or for breach of trust.
Within hours of Company Law Board orders, the government on Thursday appointed its nominees on the boards of Maytas Infra and Maytas Properties, the companies promoted by the kin of disgraced founder of the Satyam Computer Services B Ramalinga Raju.
India has assured the world that Satyam Computer, embroiled in fraud by founder Ramalinga Raju, will continue to provide its clients world class services.
Satyam reveals four sets of issues, each of which calls for a different response.
Existing investors, who have bought at higher levels of Rs 200 and above, should remain invested for at least a quarter until further clarity emerges from the bidding process.
A glance back at some of the important ups and down Indian Inc faced in 2018.
In all, 25 Chairman-cum-Managing Director (CMD) posts, 8 MD posts and 2 Chairman posts are lying vacant, according to a written reply by Minister of State for Heavy Industries and Public Enterprises P Radhakrishnan in the Lok Sabha.
Uncertainty over the possibility of Board of Control for Cricket in India's president-in-exile Narayanaswami Srinivasan making a comeback and the survival of the Chennai Super Kings in the Indian Premier League deepened on Thursday as Supreme Court threw suggestions whether those named in the Mudgal Committee could be kept out of the BCCI elections and whether the CSK franchise could be scrapped.
On February 17, 2009, Satyam case was handed over to CBI.
The resignation came hours ahead of a scheduled board meeting of MCX-SX, where former LIC Chairman Thomas Mathew T has taken over as new Chairman.
Terming the BCCI as 'mafia run and backed', Modi also said that with this judgement, the global cleanup of the game has begun.
Tennis must consider shortening matches in a bid to engage with a younger fanbase and avoid losing television viewers, according to former ATP Player Council president and doubles specialist Eric Butorac.
Or do you believe the former India captain deserves to be kept out in the cold?
A Spanish judge upheld a complaint from three club members that president Joan Laporta had already served four years.
Zimbabwean officials said they are prepared for any repercussions including the possibility of the country losing its Test status.
'Four weeks have passed after the scam was exposed, yet no big guy has been arrested.' 'This gives the impression that he wants to be soft on the biggies.'
Having clashed with the BCCI over issues ranging from FTP to DRS during his time in the ICC, Cricket South Africa's newly-appointed CEO Haroon Lorgat is willing to go the extra mile to improve relations with India and said he was ready to apologise if need be.
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