Companies & Sectors
N Chandrasekaran, Tata Sons Chairman-designate, says he is humbled and honoured
On his appointment as the Chairman of Tata Sons, N Chandrasekaran said:
 
“I am humbled and honoured to be chosen to lead a truly great institution that occupies a unique position in the hearts of people in India and the world. I am proud to have been part of the Tata family for over 30 years and assuming this position is a great privilege."
 
He added, “I want to thank the Tata Sons Board and Ratan N. Tata for their confidence in me to lead this trusted institution that has a rich heritage."
 
Looking forward into the future, he remarked, “At the Tata group, we are at an inflection point. I am aware that this role comes with huge responsibilities. It will be my endeavour to help progress the group with the ethos, ethics and values that the Tata group has been built on.”
 

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COMMENTS

Rewa Shankar Gupta

1 week ago

This will be a great help for the poor and senior citizens if by the help they get their hard earned money invested in corporate F D

Rewa Shankar Gupta

1 week ago

This will be a great help for the poor and senior citizens if by the help they get their hard earned money invested in corporate F D

BRAJENDRA

1 week ago

Need of the hour is to work on basics to retain the customer

Samsung heir's marathon questioning ends
Samsung heir Lee Jae-yong, returned home on Friday after facing marathon questioning by prosecutors all night about his possible involvement in a corruption scandal that led to the impeachment of former South Korean President Park Geun-hye.
 
Lee was called to testify on Thursday over suspicions that the country's largest family-run conglomerate gave financial support to Choi Soon-sil, Efe news reported.
 
Choi nicknamed the "female Rasputin" is being considered the apparent brain behind the plot involving business favours using her close relationship with Park.
 
The prosecution believes that the Samsung group signed a contract worth $18.6 million with a company based in Germany owned by Choi and also provided financial support for the equestrian training of her 20-year-old daughter.
 
Samsung also donated $17.3 million to two non-profit foundations operated by Choi. 
 
However, the Samsung chief insisted that they thought the money was given for good causes such as promoting local culture abroad and the sports sector.
 
It was suspected that the contract was being signed in exchange for support from the National Pension Service for a major merger agreement between Samsung's subsidiaries in 2015.
 
Samsung admitted the donations but denied that they had been made to secure return favours in the merger process.
 
The prosecutor, however, has not yet decided whether or not to detain Lee, something that could be a blow to Samsung.
 
Lee Jae-yong took over the reins of the Samsung conglomerate after his father Lee Kun-hee in May 2014 suffered a heart attack, which still keeps him hospitalised and speechless.
 
The "female Rasputin" case sparked outrage in South Korea and led to Park's impeachment in December 2016. Park is now waiting for the South Korean constitutional court to decide whether the impeachment vote is valid.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  

 

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With no end to feud, Mulayam-Akhilesh look for life beyond the 'cycle'
Attempts at striking some sort of a patch-up or compromise between the warring factions of the ruling Samajwadi Party (SP) having almost failed, both sides are now reconciled to a future of 'ekla chalo' (walk alone).
 
Sources say that the factions of party chief Mulayam Singh Yadav and his son, Chief Minister Akhilesh Yadav, are bracing for "any eventuality", particularly in a situation where the Election Commission of India (ECI) frees the party's cycle symbol.
 
While political and constitutional experts opine that Mulayam Singh Yadav is better placed in his claim for the symbol and that he is likely to get it since the SP constitution clearly spells out in section 14, that only the national president can call a convention, the numbers -- both of the lawmakers in the state assembly and party delegates seem to be stacked in Akhilesh Yadav's favour.
 
With uncertainty persisting and sources telling both sides that "to play safe" the poll panel might freeze the cycle symbol, both parties are scouting for "acceptable brands" as their future vehicle to power. While the Akhilesh Yadav camp is learnt to have "conclusively decided" on the motorcycle as the symbol for its Akhil Bharatiya Samajwadi Party (ABSP), the Mulayam Singh Yadav group has opened talks with the Lok Dal that was founded by the late Prime Minister and farmers' leader Chowdhary Charan Singh in 1980 -- and to which the SP patriach once belonged.
 
Mulayam Singh Yadav had contested the 1985 assembly polls on the Lok Dal's 'hal jotata kisan' (farmer ploughing a field) symbol as its state unit president. The Lok Dal had then won 87 seats and Mulayam Singh Yadav was made the Leader of Opposition in the assembly. 
 
The SP's Amar Singh and Shivpal Singh Yadav have already held parleys with the Lok Dal leadership and the two sides have reportedly been engaged in talks on a larger canvas, a source confirmed. Chowdhary Sunil Singh, the national president of Lok Dal, confirmed that the SP leaders were in contact said that he would be more than happy to accommodate Mulayam Singh Yadav in the party fold if the situation so arose.
 
"Mulayam Singh ji is one of the founder members of the Lok Dal and also the flag bearer of the legacy of Charan Singh. It is sad that his very own son and party men have treated him so shabbily. We are more than happy to have Neta ji amid us, if it so happens" Sunil Singh said. 
 
In the eventuality of the SP symbol being frozen or going to Akhilesh Yadav's group, the elder Yadav in all likelihood will soon have a home-coming and field candidates on the Lok Dal's symbol.
 
Mulayam Singh Yadav was upstaged by his estranged cousin and Rajya Sabha member Ram Gopal Yadav and son on January 1 in a coup of sorts at a convention and Akhilesh Yadav was anointed the new boss.
 
He has, since then, termed the convention both illegal and unconstitutional and has refused to accept any resolution it passed. in that convention. The convention had, by a voice vote, removed Mulayam Singh Yadav as the national president, appointed him a mentor, elevated Akhilesh Yadav as the new party chief, expelled Rajya Sabha member Amar Singh from the party for six years and sacked Shivpal Singh Yadav.
 
Six rounds of talks between the warring factions have failed and a resigned-to-fate Mulayam Singh Yadav has made it amply clear that talks of bringing them together have failed. He also accused Ram Gopal Yadav of moving ahead to split SP to see his MP son and daughter-in-law saved from the CBI which is probing their link in the multi-crore Yadav Singh scam.
 
Yadav Singh was the chief engineer of Noida Authority and son and daughter-in-law of Ram Gopal Yadav were on the board of directors of one of the front shell companies the tainted engineer had floated. Mulayam Singh Yadav has also alleged that his cousin has held four meetings with BJP president Amit Shah to save his son, in return for which he will engineer a split in the SP. Mulayam Singh Yadav has, however, declared that he will not let the split happen, nor will he surrender the party symbol.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

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