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Chandra's exit announcement wipes off Rs.45,000 crore market cap from Tata stocks in a day

New Delhi, Aug. 12 -- Shares of Tata Group companies came under broad selling pressure on Wednesday after N Chandrasekaran, Chairman of Tata Sons, announced he would not seek a third term after his cu... Read More


BRICS Summit: India to champion development issues, no push for common currency

New Delhi, Aug. 12 -- New Delhi, August 12: Chinese President Xi Jinping, Russian President Vladimir Putin and South African President Cyril Ramaphosa are among the leaders likely to attend the BRICS ... Read More


MoD issues Rs.1 lakh cr worth tender for acquiring 60 multirole transport aircraft for IAF

New Delhi, Aug. 12 -- The Ministry of Defence on Wednesday issued a tender worth nearly Rs.1 lakh crore for acquiring 60 multirole transport aircraft (MTA) for the Indian Air Force (IAF) to replace it... Read More


Who after Chandra? Tata Sons faces its most complex succession test yet

New Delhi, Aug. 12 -- N Chandrasekaran's decision to step down may have come as a surprise, but it also gives the Tata Sons board a rare opportunity to shape its next decade. The challenge is not mer... Read More


Finally, portfolios allocated to newly sworn-in ministers ahead of Monsoon Session

New Delhi, Aug. 12 -- The Karnataka government led by Chief Minister D. K. Shivakumar on Wednesday allocated portfolios to the expanded Council of Ministers following consultations with the Congress h... Read More


Yokohama eyes deeper play in OEM supply segment

New Delhi, Aug. 12 -- Yokohama India, a wholly owned subsidiary of Japan-based tyre giant Yokohama Rubber Co is actively looking to expand its presence in the Original Equipment Manufacturing (OEM) ty... Read More


Consumer durable makers begin passing higher input costs to buyers

New Delhi, Aug. 12 -- Consumer durable makers are beginning to pass higher input costs on to consumers, raising the prospect of a broader price reset after companies absorbed much of the inflationary ... Read More


Chandrasekaran gives in to rift with Noel Tata

New Delhi, Aug. 12 -- Tata Group veteran, N Chandrasekaran, after nearly 40 years with the group, had to face the twin challenges of stemming the decline in business prospects and mending the worsenin... Read More


Indel Money planning to raise up to Rs.500 cr via public issue of NCDs

New Delhi, Aug. 12 -- Kerala-basedIndel Money is planning to raise up to Rs.500 crore via a public issue of non-convertible debentures (NCDs)at coupon rates ranging from 9 per cent to 11.50 per cent p... Read More


TN govt complains to SC of Kerala's 'obstructionist attitude' to strengthening Mullaperiyar dam

New Delhi, Aug. 12 -- The Chief Minister C. Joseph Vijay-led TVK government has flagged Kerala's "obstructionist attitude" in the Supreme Court, which has stalled the implementation of a 12-year-old a... Read More