File photo: N Chandrasekaran The Tata Sons board has approved a fresh five-year term for N Chandrasekaran as executive chairman of the Tata Group, reversing his decision last month not to seek reappointment, according to sources cited by Reuters and news agency ANI.The reappointment was approved at a Tata Sons board meeting held in Mumbai…
The three-day issue will remain open until September 21. (Image for representative purpose only) NSE IPO: SEBI Chairman Tuhin Kanta Pandey said on Thursday that the regulator has not received any proposal from the National Stock Exchange (NSE) seeking permission to trade on its own platform after its listing.“No, there is no such letter, and…
Case relates to Daiichi Sankyo’s efforts to enforce its arbitral award against the erstwhile promoters of Fortis Healthcare (file photo) In another twist to the protracted battle against Fortis Healthcare and Japan’s Daiichi Sankyo, the former has filed an appeal in the Supreme Court against a recent Delhi high court order requiring a forensic audit…
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…
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…
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…
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…
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…
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…
This is an AI-generated image, used for representational purposes only India, Russia and China on Thursday reacted to a sweeping US sanctions bill that gives President Donald Trump the authority to impose tariffs of up to 100 per cent on countries including India and China over purchases of Russian oil and gas.The US House of…