Tata Trusts, the largest shareholder with a 66 per cent stake in Tata Sons, is preparing for a court battle, if required, to challenge the resolution on reappointment of N Chandrasekaran as executive chairman of the Tata group holding company for another five years once his current term ends in February 2027. Sources said Tata...
Tata Trusts has reiterated their opposition to a public listing of Tata Sons, asking the holding company’s board to examine all available alternatives in response to the Reserve Bank of India’s communication on September 11, 2026. The Trusts said preserving the Tata Group’s century-old ownership structure remains central to its character and public purpose. At...
Gold rates and silver rates in India gained on September 16, 2026 due to surge in demand. Ahead Of Fed Policy, MCX crude oil price plunged 3%, while MCX silver emerged as top gainer with over 1.5% rally. Gold, natural gas, copper and zinc gained by 1% each. While lead and cardamom futures also picked up. In the...
Sensex Today, Nifty 50 | Stock Market Highlights -Equity benchmarks shed over 1% on Tuesday. BSE Sensex closed 777.94 pts or 1.04% lower at 74,003.82, and Nifty 50 shed 279.50 pts or 1.19% to 23,118.60. Broader markets – midcap and smallcap indices – also lagged behind. Indian shares fell on Tuesday on concerns over elevated...
The Finance Ministry on Monday notified that UPI transactions of up to Rs 2,000 and payments made using RuPay debit cards will not attract any charges. In a notification dated September 14, the Ministry of Finance’s Department of Financial Services said the Centre was exercising powers under Section 10A of the Payment and Settlement Systems...
Crude oil prices jumped on Monday amid concerns over supply disruption after fresh wave of attacks on vessels in the Strait of Hormuz and other regions in the Gulf region. Brent crude futures surged 3% to $107.74 per barrel, while WTI futures gained 2.88% to $102.93 per barrel. A report by Saudi Arabian state media...
Adani Airport Holdings Limited (AAHL), a subsidiary of Adani Enterprises Limited (AEL), signed binding agreements to raise Rs 9,825 crore (approximately USD 1 billion) from a consortium comprising Alpha Wave Global, Premji Invest, Temasek, and BlackRock managed funds. The transaction values AAHL at a pre-money equity valuation of approximately USD 18 billion. The primary equity...
Billionaire Mukesh Ambani’s Reliance Industries is set to return to India’s rupee bond market after nearly three years, five merchant bankers told Reuters late on Monday, with what would be the largest single-tranche fundraising by a rated firm since November 2023. The oil-to-telecom conglomerate plans to raise ₹12,500 crore ($1.32 billion) through a sale of...
Tewolde Gebremariam will take operational charge of Air India on Monday, replacing former chief executive Campbell Wilson. However, his formal appointment as CEO and accountable manager is pending security clearance from the government, as per a report. According to a report in The Economic Times, Gebremariam, the former chief of Ethiopian Airlines, is expected to...
Oil prices surged over 1% on August 31 as escalating military action in the Strait of Hormuz sparked fresh fears over global energy security. The friction reverberated immediately through trading floors. Brent crude futures gained $1.08, or 1.23%, to reach $89.18 a barrel, while US West Texas Intermediate crude increased by 92 cents, or 1.10%, to...