The apex court-appointed Justice RM Lodha committee has moved the Supreme Court seeking a direction to appoint former home secretary G K Pillai as an observer to "guide" BCCI in the administrative works including award of contracts, transparency norms and holding of future domestic, international and IPL matches.
Seeing a sequential improvement in performance, says GK Pillai, MD & CEO of Walchandnagar Industries.
In an interview to CNBC-TV18, GK Pillai, MD & CEO, Walchandnagar Industries spoke about the latest happenings in his company and sector.
The papers which went missing from the Home Ministry include the copy of an affidavit vetted by the Attorney General and submitted in the Gujarat High Court in 2009 and the draft of the second affidavit vetted by the AG on which changes were made.
GK Pillai, MD & CEO of Walchandnagar Industries in an interview to CNBC-TV18 spoke about the impact of defence orders on the performance of the company going forward.
The government on Saturday cleared defence acquisitions worth Rs 80,000 crore.
The rights issue is around Rs 500 crore. Most experts believe there won‘t be any problem with the rights issue. However, sources say some investors are reluctant to participate in the rights issue. But the exchange hopes to garner around Rs 200-300 crore.
After a board meeting, the MCX Stock Exchange (MCX-SX) announced that FTIL and MCX have been re-classified from the category of promoter shareholder to public shareholder.
The board also dismissed speculative reports claiming that several board members are likely to put in their resignations.
Even as the National Spot Exchange Ltd (NSEL) crisis is seen to be engulfing its sister firm, the MCX-SX, the stock exchange -- which is holding a board meeting today -- is trying to portray a picture of normalcy.
The directors on board of the exchange are likely hold an emergency meeting tomorrow, where Pillai and vice chairman Thomas Mathew T may resign, sources said, adding that two other public interest directors (Ashima Goel and D R Dogra) may also do the same.
The turn of events at NSEL has affected the credibility of the FT group in general, prompting brokers and investors to think twice before dealing with any of the companies in the fold.
Former home secretary GK Pillai was appointed as the chairman of the exchange, while Thomas Mathew, former LIC chairman is the new vice chairman. The new board will be deciding on a CEO soon.
India's government is not in talks with Research in Motion (RIM) over access to the Canadian company's BlackBerry services, but instead talking with operators on gaining access, Home Secretary GK Pillai said on Thursday.