Monaco: Formula One motor racing has installed Nestle's Peter Brabeck as its chairman following a board meeting at the Monaco Grand Prix on Friday, Brabeck told Reuters. The motor racing series has been cleared to float on the stock market in Singapore but Brabeck, who chairs Swiss food group Nestle, said no final decision had been taken on whether to proceed with a listing that could value the business at...
10:16 PM, May 25, 2012
New Delhi: Rumours about the television set from Apple have been floating for quite a long time, but now there seems to be some confirmation. Foxconn, which manufactures the iPhone and iPad for Apple, reportedly, is making preparations for Apple's iTV. Terry Gou, Chairman, Foxconn, said, in an interview published by China Daily, that Foxconn is making preparations for iTV, the long-rumoured Apple's high-definition television. In addition, the report also...
02:09 PM, May 12, 2012
New Delhi: After BEML and Tatra Sipox officials, the CBI is now planning to quiz Defence Ministry officials in connection with alleged irregularities in the Tatra all-terrain vehicle deal. CBI sources said names of at least six Defence Ministry officials have been finalised who could be quizzed next week in connection with the alleged violation of Defence Procurement Rules in the Tatra truck deal between Tatra Sipox UK and public...
08:55 PM, Apr 26, 2012
New Delhi: Rajiv Shukla, the Chairman of the Indian Premier League (IPL), has rejected the media reports that the cricket tournament's popularity has gone down, saying that the IPL 5 will be a super success. Speaking to Karan Thapar on Devil's advocate, he said that the BCCI has taken steps to ensure that the injured players are treated properly. Here is the full transcript of the interview: Karan Thapar:Hello and...
09:28 PM, Apr 23, 2012
New Delhi: The CBI on Wednesday carried out searches in Delhi and NCR in connection with the Tatra truck deal case. According to the reports, the raids were conducted at residences of two ex-army officials and a Vectra employee. Sources said that these army officers were named by Vectra Chairman Ravi Rishi's employees during questioning. Teams of CBI officials carried out searches across the national capital and Noida at the...
09:57 AM, Apr 18, 2012
Islamabad: India's ruling Congress party general secretary Rahul Gandhi was invited to visit Pakistan by Bilawal Bhutto Zardari, the son of President Asif Ali Zardari, and has accepted the invite, it was reported on Sunday. Bilawal, 24, the Pakistan Peoples Party chairman, has accompanied his father on his day-long trip to India where they were invited for lunch at Indian Prime Minister Manmohan Singh's residence in New Delhi. The News...
05:32 PM, Apr 08, 2012
New Delhi: HDFC Chairman Deepak Parekh hit out against the Opposition and the coalition parties and said their style of politics is hurting India's growth. Speaking to Karan Thapar on Devil's Advocate, Parekh praised Prime Minister Manmohan Singh for his efforts and called him the cleanest Prime Minister. Karan Thapar: Hello and welcome to Devil's Advocate. As 2012 gets underway, how do India's top businessmen view the government and its...
02:27 PM, Jan 08, 2012
Helsinki: The board of directors of the Finnish-based phone maker Nokia will propose Risto Siilasmaa as its next chairman after its long-time leader, Jorma Ollila, steps down in May, the Helsingin Sanomat newspaper said, citing unnamed sources. Siilasmaa, 45, has been a Nokia board member since 2008 and is best known as the founder and the chairman of software security company F-Secure and as an active angel investor. He also...
01:32 PM, Jan 05, 2012
Karan Thapar: Hello and welcome to the Devil's Advocate. How worrying is the economic situation facing the country and how real is the government's commitment to reform? Those are the twin issues I shall discuss today with the Deputy Chairman of the Planning Commission Montek Singh Ahluwalia. Mr Ahluwalia, let's start with the state of the economy. In September the industrial growth fell to just 1.9 per cent, it's lowest...
05:24 PM, Nov 20, 2011
San Francisco: Apple Inc has named Arthur Levinson as its non-executive chairman, a move that rewards the long time Apple board member who chose it over Google Inc when the technology giants began to compete with each other. Levinson, 61, fills the vacancy left open when co-founder Steve Jobs died last month at age 56 after a long battle with pancreatic cancer. Jobs had been chairman for less than two...
11:35 AM, Nov 16, 2011
Mumbai: Ending months of indecision, the government is set to appoint a full-time chairman for life insurance giant LIC in the next ten days, a top Finance Ministry official has said. "I say it will be very shortly, that could be a week or ten days," Financial Services Secretary DK Mittal told a select group of reporters here over the weekend. Mittal blamed the delay on the long process to...
04:47 PM, Sep 18, 2011
New Delhi: MCI Secretary Sangeeta Sharma has resigned from her position, alleging "rude and indecent" behaviour meted out to her by Board's Chairman Dr KK Talwar. She put in her papers on June 14, stating that she was resigning under duress and hoped that "no other official of any rank in the MCI shall be given such an insulting treatment in the future". "An issue is being made out of...
10:37 PM, Jun 22, 2011
New Delhi: Playing down fears of a slowdown, Planning Commission deputy chairman Montek Singh Ahluwalia said he is confident of 8.5 per cent growth this fiscal. According to the latest GDP data, the economy is down by more than a per cent compared to the previous quarter. In the January to March quarter, the GDP grew by 7.8 per cent against 8.2 per cent earlier. Last year's economy did grow...
07:42 AM, Jun 01, 2011
New Delhi: Former CWG Organising Committee chief Suresh Kalmadi, along with Lalit Bhanot and VK Verma, are expected to appear before the Patiala House Court in connection with the Commonwealth Games related scams. The Central Bureau of Investigation (CBI) on April 25 arrested Suresh Kalmadi for irregularities in the Commonwealth Games. He was arrested under Sections 120 B and 420 (criminal conspiracy and cheating) of the Indian Penal Code in...
10:02 AM, May 24, 2011
Geneva: The accreditation of India's National Human Rights Commission (NHRC) to come up for renewal before the United Nations (UN) on Monday. The UN meeting in being held in Geneva to look at functioning of human rights commissions across the world. The UN will also examine the corruption charges made against NHRC Chairman and former Chief Justice of India KG Balakrishnan. Different civil society groups have sent these complaints against...
10:49 AM, May 23, 2011
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