Sridhar Kalyanasundaram, an independent director of private sector lender Dhanlaxmi Bank, has resigned from the board with effect from September 16. In his resignation letter, Kalyanasundaram has raised issues like factionalism in the board, his differences regarding rights issue and the alleged 'lack of in depth banking knowledge' in other members. This comes after Ravindran Pillai, head of RP Group, who holds 9.99 per cent stake in the bank (largest shareholder), came out with a special notice for removal of Kalyanasundaram.
Former India cricket captain Sourav Ganguly will try his legs on football and will turn out for Chirag United in the I-League starting in September. Chirag United, who were promoted to the I-League this season, will sign up Ganguly to add some "gloss" to the league.
'In 1981 when I had a project in Qatar, those in charge told me they would not like Indians in high positions; they felt Indians could work only as drivers, cleaners and labourers.' 'I challenged them and showed that Indians could do great work in all areas.' 'Today, in the Middle East, they insist on having Indians in all fields. Everybody believes Indians are capable, hard working and trustworthy,' Ravi Pillai, one of the most influential businessmen in the Middle East, tells Shobha Warrier/Rediff.com
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances