![RASHMI SALUJA'S SUCCESS: THE DOC WITH A MAGIC WAND](https://cdn.magzter.com/1525334298/1701995599/articles/E6Yvw5hNg1702005040950/RASHMI-SALUJAS-SUCCESS-THE-DOC-WITH-A-MAGIC-WAND.jpg)
On 21 October, Rashmi Saluja arrived at the Taj Santa Cruz, in Mumbai, for a meeting with Mint. Dressed in blue denims, she looked far younger than 50 years, her current age. As she posed smilingly for photographs, she held the stance of an athlete.
Turns out, the executive chairperson of Religare Enterprises Ltd, a company that offers financial services through its subsidiaries, is also connected with the world of sports. In 2019, she was the president of the Indian Curling Federation. Curling isn’t popular in India and just in case you didn’t know, that’s a sport where two teams take turns to slide stones made of granite towards a target. Saluja is also listed as a promoter of the Yogeshwar Dutt Wrestling Academy in Haryana in many Religare filings. Dutt was an Olympian in 2012.
Over the past few months, Saluja has been engaged in wrestling matches in a different arena. The board of Religare is opposing a takeover proposed by the Burman family, which owns Dabur India Ltd. The Burmans, who already own 21.5% in Religare, are looking to pick up a majority stake for about ₹3,400 crore through an open offer. And in recent weeks, charges and counter-charges have flowed liberally from both sides. The offer is awaiting regulatory approvals.
While this wrestling match promises to be engrossing, what is equally fascinating is the fast rise of Saluja in India’s corporate world from relative obscurity. She was appointed the company’s chairperson in 2019 but had little to do with the world of finance before that. She was a doctor in Delhi. Even till about a year back, she wasn’t widely known.
Bu hikaye Mint Mumbai dergisinin December 08, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Mint Mumbai dergisinin December 08, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
![Yes, the world is hotter than it has been in 2,000 years or so](https://reseuro.magzter.com/100x125/articles/17006/1705058/yO5NsU74S1716446405484/YES-THE-WORLD-IS-HOTTER-THAN-IT-HAS-BEEN-IN-2000-YEARS-OR-SO.jpg)
Yes, the world is hotter than it has been in 2,000 years or so
A scientific study of tree rings confirms global warming is for real
![As a non-resident, is there a tax liability on exiting Indian MFs?](https://reseuro.magzter.com/100x125/articles/17006/1705058/OrU6UKi_41716446192356/AS-A-NONRESIDENT-IS-THERE-A-TAX-LIABILITY-ON-EXITING-INDIAN-MFS.jpg)
As a non-resident, is there a tax liability on exiting Indian MFs?
I have been investing in mutual funds for the past four years. Last year, I moved to Dubai and am currently a non-resident Indian NRD). Say, if] exit all my mutual fund investments now, would I have zero tax liability? —Name withheld on request.
![Mergers off but PSB privatization still on](https://reseuro.magzter.com/100x125/articles/17006/1705058/JqNiTyLaQ1716444098212/MERGERS-OFF-BUT-PSB-PRIVATIZATION-STILL-ON.jpg)
Mergers off but PSB privatization still on
T 'he Centre doesn't have any plan to merge public sector banks (PSBS) in FY25, though it will not ditch plans to privatize PSBs during the fiscal, two people aware of the matter said.
![Think Tesla Is In Trouble? Pity Even More Its Wannabe EV Rivals](https://reseuro.magzter.com/100x125/articles/17006/1660517/4p0A9dX7d1712639940705/crp_THINK-TESLA-IS-IN-TROUBLE-PITY-EVEN-MORE-ITS-WANNABE-EV-RIVALS.jpg)
Think Tesla Is In Trouble? Pity Even More Its Wannabe EV Rivals
The combined market value of six prominent wannabes hit 400bn in 2021, but today they are worth 65bn
![Has The Growth Of Our Economy Translated Into Domestic Jobs?](https://reseuro.magzter.com/100x125/articles/17006/1660517/acrQLFeHx1712641007610/crp_HAS-THE-GROWTH-OF-OUR-ECONOMY-TRANSLATED-INTO-DOMESTIC-JOBS.jpg)
Has The Growth Of Our Economy Translated Into Domestic Jobs?
While the covid shock and other setbacks got in the way, data indicates that employment in India is on a firm recovery path
![Financial Sector Reforms Plan To Be Unveiled Post Elections](https://reseuro.magzter.com/100x125/articles/17006/1660517/FeYoak4Zx1712636495187/crp_FINANCIAL-SECTOR-REFORMS-PLAN-TO-BE-UNVEILED-POST-ELECTIONS.jpg)
Financial Sector Reforms Plan To Be Unveiled Post Elections
The govt will cut its stake in five PSBs this fiscal to comply with Sebi’s listing guidelines
![Generative AI Is Not Ubiquitous In The Business World-Not Yet](https://reseuro.magzter.com/100x125/articles/17006/1660517/HTPWeZM-E1712640222148/crp_GENERATIVE-AI-IS-NOT-UBIQUITOUS-IN-THE-BUSINESS-WORLDNOT-YET.jpg)
Generative AI Is Not Ubiquitous In The Business World-Not Yet
While some AI tools racked up users, some firms are proceeding with caution, or not at all
![Wipro’s CEO switch was not about its share price](https://reseuro.magzter.com/100x125/articles/17006/1660517/WA2T5UEHi1712640886829/WIPROS-CEO-SWITCH-WAS-NOT-ABOUT-ITS-SHARE-PRICE.jpg)
Wipro’s CEO switch was not about its share price
Shareholder value data does not explain the firm's change on top. In a flux-filled field like infotech, business performance counts for more and Wipro's challenge still seems quite steep
How not to blow a major chunk of your travel budget on visas
Rejection of visas can impact your travel costs, especially when you have to cancel flight and hotel bookings
Wheat output at 106 mt to fall short of govt estimate: Survey
This decline in output comes at a time India confronts rising food inflation