Srinivasan will focus on Wipro’s vision for business growth, revenue expansion, client and influencer relationships, talent development and brand building, a statement said.
Rising work-from-home culture and govt incentives fuelling increase in construction activities, says N Srinivasan, who was elected as MD for five more years.
Governor Rajan, in effect, believes what the RBI act says that the role of the central bank and the governor is to protect the value of the rupee, to ensure that it does not inflate more than the limit allowed by the parliament. So inflation control is willy-nilly the foremost on the new governor's agenda. What else is on his to do list?
According the sources, Pawar and Srinivasan are confident of dectating terms at the BCCI elections and securing majority if voting happens.
In a major verdict in the Indian Premier League spot-fixing case on Saturday, the MCOCA court at Delhi's Patiala House cleared all accused, including three Rajasthan Royals players S Sreesanth, Ajit Chandil and Ankeet Chavan, of charges.
Private sector lender YES Bank today said it will raise USD 1 billion (about Rs 6,400 crore) by fresh equity and Rs 10,000 crore through Non Convertible Debentures (NCDs) and bonds.
The Kerala-headquartered bank had registered a post-tax net of Rs 277.29 crore in the year-ago period. The overall income was up 9.77 percent at Rs 2,214.28 crore for the reporting period.
The Board considered a proposal for reorganisation of Chennai Super Kings Cricket under which ownership of the franchise will be issued to the shareholders of India Cements, subject to necessary approvals.
Shares in India Cements fell over 2 percent in afternoon trade Mumbai after the Supreme Court, hearing the IPL spot fixing case, said Chennai Super Kings (CSK) must be disqualified “without further enquiryâ€.
The Supreme Court is examining a probe report submitted by a panel headed by retired judge Justice Mukul Mudgal. The panel had submitted its second and final report to the Supreme Court on November 3.
The company had earned Rs 26.12 crore net profit during the October-December period of the last fiscal, it said in a BSE filing.
The agency has also filed chargesheets against cement companies—India Cements owned by Srinivasan, Penna Cement and Bharathi Cement, now named as Raghuram Cements, for allegedly investing money in Jagathi Publications.
Shukla, who still remains the BCCI vice president, said he made the decision to quit in the 'view of recent controversies'. "It is a decision which I was pondering over for some time. I think it is time to step down," Shukla said.
BCCI secretary Sanjay Jagdale said he quit from his post as he was deeply hurt by the current crisis that has hit Indian cricket. "Yes, that's true, I have resigned from the post of honorary secretary of BCCI," Jagdale said.
Meiyappan, son-in-law of BCCI president N Srinivasan is accused of giving insider information to Vindoo regarding team strategy and players which he passed on to bookies.
After senior Board officials such as IPL chairman Rajiv Shukla, vice-President Arun Jaitley and Jyotiraditya Scindia urged him to step aside, the Ministry has also sought his ouster.
Asked by reporters about Scindia asking for his resignation on moral grounds after his son-in-law Gurunath Meiyappan was arrested on charges of betting in IPL, Srinivasan said, "It's his view. I don't want to reply beyond that."
Two days after Srinivasan claimed that he had the full support of the Board members, Scindia raised the first voice of dissent, saying that propriety demanded that he should step down.
Chennai super kings (CSK) team owner and son-in-law of N Srinivasan, Gurunath Meiyappan, left for Mumbai along noted lawyer from Madras High Court P S Raman.
With Senate confirmation, 46-year-old Srinivasan has become the first Indian-American to be appointed to the top American court.
The rupee is likely to remain weak in the near-term as factors like low capital inflows and high current account deficit are expected to take their toll on the currency, say industry experts.
Excise duty on automobiles could be hiked by 2% in the forthcoming budget, feels Venu Srinivasan, chairman and managing director, TVS Motors.