‘Position Of Board, Trusts On Staying Private Remains Unchanged’, said Noel NEW DELHI: Tata Trusts chairman Noel N Tata on Thursday called for Tata Sons to stay unlisted and suggested that the holding company of the salts-to-software conglomerate must engage with RBI and demanded that the decision should be reconsidered.“…the company must explore all permissible … Read more
The timeline outlined by Tata Sons shows that the move to retain Chandrasekaran predated RBI’s Sept 11 directive MUMBAI: About three weeks after N Chandrasekaran announced that he would not seek reappointment, Tata Sons‘ nomination and remuneration committee (NRC) unanimously urged him to reconsider and recommended a fresh five-year term for him.The timeline outlined by … Read more
Judge Amogh Shyamkant Kaloti has also worked as Joint Secretary, Secretary and SLA in Law and Judiciary Department, Government of Maharashtra MUMBAI: Till recently, Amogh Kaloti, who works under the law and judiciary department headed by chief minister Devendra Fadnavis, was barely known outside Maharashtra’s legal circles. A low-profile district judge who was appointed Maharashtra’s … Read more
The Centre asserted that it does not expect a decline in UPI transactions or increased use of cash NEW DELHI: Govt is in talks with payment aggregators and platforms, which onboard merchants, to ensure that the merchant discount rate (MDR) on transactions is not passed onto consumers, finance ministry officials told reporters Thursday.The Centre asserted … Read more
The High Court also accepted the validity of the woman’s later registered Will. (Image for representative purpose only) A property dispute between two sisters over a six-room house in Ludhiana has reached the Supreme Court after the Punjab and Haryana High Court ruled in favour of the elder sister’s adopted daughter. The dispute concerns a … Read more
The NSE IPO saw lukewarm response, but it’s important to note that sometimes initial public offerings gain momentum in later days. NSE IPO subscription: The Rs 22,569-crore initial public offering of the National Stock Exchange of India (NSE) opened for subscription on Thursday and attracted bids for 43% of the shares available on the first … Read more
Noel Tata, chairman of Tata Trusts, voted against the proposal. The Tata group leadership crisis has deepened with Tata Sons’ board on Thursday voting to give N Chandrasekaran another five-year term as executive chairman. This has overturned his earlier decision to step down. But Tata Trusts, the conglomerate’s majority shareholder, has rejected the resolution almost … Read more
The NRI woman declared an income of Rs 43,796 for the assessment year 2020-21. (Image for representative purpose only) You file your income tax return but end up under-reporting your income. But, the Income Tax Department treats it as mis-reporting of income and imposes a heavy penalty on you. What happens then?This is the case … Read more
The $2.3 billion offering is among the largest IPOs in India. NSE IPO subscription status today: The National Stock Exchange of India’s Rs 225.69 billion ($2.3 billion) IPO received subscription of 42% on Thursday, the first day of bidding, indicating a somewhat muted opening for one of the country’s most closely watched offerings.Investors bid for … Read more
File photo: N Chandrasekaran A major battle has broken out at Tata Sons after Tata Trusts on Thursday called the board’s decision to reappoint N Chandrasekaran as chairman for another five-year term “illegal”, setting up a potential legal and governance dispute at the top of the Tata Group.The Trusts said the resolution approving Chandrasekaran’s reappointment … Read more