In a long-awaited top management succession planning exercise, corporate giant Larsen and Toubro on Friday appointed K Venkataramanan as CEO and managing director, while its current chief A M Naik would remain executive chairman for the next five years.
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Shares of the company were trading at Rs 1240.10 apiece on the BSE at 1350 hours, down 1.23 per cent from the previous close.
R Venkataramanan, the managing trustee of the Sir Dorabji Tata Trust who is responsible for all Tata-run trusts, prefers to keep a low profile but has emerged as a power centre in the group - with more clout than many established CEOs, says Dev Chatterjee.
Tata group-owned AirAsia India's inability to get approval for international flights is hurting UDAN, the Indian government's regional air connectivity project that also aims to link cities in Northeast India and Odisha to places abroad. Sources said the civil aviation ministry is waiting for the low-cost airline to come under the full ownership of Tata Sons and become part of Air India, the former state-owned carrier now owned by the private conglomerate, before allowing it to operate international flights. Tata owns 84 per cent stake in AirAsia India and it is understood that the group will complete the process of buying rest of the stake by July's end.
The identification of host dependency factors mediating virus infection may provide key insights into effective molecular targets for developing broadly acting antiviral therapeutics against SARS-CoV-2 and other deadly coronavirus strains, according to the researchers.
While the entry of 62-year-old Noel Tata, half brother of Ratan Tata, into Tata Trusts is being seen as a significant departure from the past within the salt-to-software conglomerate, Jehangir, a long-standing philanthropist is expected to add heft to Tata Trusts.
'My friends have planned a big surprise for me when I go back!' Ananya Nanda, and everyone close to her, is clearly very excited with her big win!
They won their semifinal matches in contrasting fashion today to set up the title clash in the Bhavana Swarup ITF Women's tennis tournament.
At present, the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, covers only resident Indians. The Finance Bill has expanded the definition of assessees to include NRIs.
In keeping with the Trusts' objectives, the initiative was underpinned by an attempt to determine how over-nutrition was impacting citizens at a mass scale.
The economic slowdown has made it difficult for companies to record financial closure of a few awarded projects.
Experts view this as a case of "failed experiment" in succession
Terms reveal that such premature redemption is allowable on dividend reset dates in case there is no agreement on the dividend rate
In an online chat, career counsellor Amit Bansal shared crucial career advice with readers on how to pick the right stream and college to study engineering.
Tony Fernandes said the aviation sector here was a "double marathon" and not a "sprint".
Five months since her conviction by a Karnataka court and being forced to step down as Tamil Nadu CM, Jayalalithaa has not been out of her house. However, she continues to run the Tamil Nadu government with the help of a few retired bureaucrats reports R Ramasubramanian.
What could be the reason for this swift change in less than four years of Mistry taking charge? People in the know said it was building up. The latest trigger was Tata Power's acquisition of Welspun Renewables' solar and power assets
With its nominees on the board, Tata Sons will have the controlling stake of 51%.
'Sasikala, already determined to keep both the party and CM's post for herself, might not be able to do it, if she were to wait any longer,' says N Sathiya Moorthy.
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