Chandra’s decade at Tata Sons now reaches its finish line, marked by growth, costly bets and changing dynamics of power MUMBAI: Less than a week before Tata Sons’ Aug 18 AGM, the penny dropped for N Chandrasekaran. His extension as chairman was uncertain. For the first time, Chandra lacked a powerful patron just as his…
The deal will deepen Bank of America’s participation in India as the financial sector expands. MUMBAI: Bank of America will acquire an initial 26.5% stake in Jio Credit, the wholly owned NBFC lending subsidiary of Jio Financial Services, with the stake potentially rising to 49.9% under a joint venture agreement that could involve an investment…
Since April 1, when E20 became the only petrol available, concerns among consumers have increased. Amid the raging debate on impact of ethanol-blended E20 petrol on cars, internal communications exchanged among auto industry executives reveal concerns on fuel contamination.The rollout of E20 petrol has sparked dissatisfaction among motorists, with hundreds claiming the fuel has lowered…
Earlier this week, Parliament cleared amendments to the Payment and Settlement Systems Act, 2007. A Parliamentary panel has called for the early rollout of a calibrated Merchant Discount Rate (MDR) on high-value digital transactions. According to the panel the framework is essential to make the payments ecosystem financially viable and reduce the government’s subsidy burden.Earlier…
N Chandrasekaran’s decision was prompted by the failure of his proposed extension to receive unanimous approval. (Reuters file photo) In its first reaction to N Chandrasekaran’s move to step down as Tata Sons Chairman, Tata Trusts said it respects the decision. In a statement issued on Thursday, the trust said its nominee directors received an…
NEW DELHI: Govt has asked all states and UTs to accelerate installation of smart electricity meters across all consumer categories, saying the mandatory rollout cannot be linked to billing mode — prepaid or postpaid — of the meter.In a communication to states, power ministry said installation of smart meters was mandatory under Central Electricity Authority’s…
MCX Gold has initiated a bullish bias following a breakout from the consolidation. Gold and silver price prediction today: Both gold and silver prices are showing a bullish bias over the last few sessions, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook MCX Gold has initiated a…
NEW DELHI: A parliamentary committee has questioned whether rising capital expenditure in India’s oil and gas sector is translating into higher domestic production, noting that crude oil output has continued to decline despite a sharp increase in investments.It has asked the petroleum ministry to submit a detailed report explaining how recent exploration reforms and newly…
Rupee began the session in red, falling 7 paise against the greenback Rupee came under pressure in early trade on Thursday, slipping 7 paise to 95.40 against the US dollar amid elevated crude oil prices and geopolitical uncertainty. The currency opened at 95.40 at the interbank foreign exchange market, after closing the previous session at…
TMTG lands in legal trouble US President Donald Trump’s media firm TMTG is facing a legal challenge from press groups in the country, over a new Truth Social service that gives paying customers early access to his posts. The lawsuit seeks to stop Trump from using the platform to release official government information exclusively, while…
