Darius Khambata to exit two Tata Trusts on Nov 8, citing growing rift between Noel Tata and N Chandrasekaran. MUMBAI: Darius Khambata, one of Tata Trusts chairman Noel Tata’s closest allies, will leave the Sir Dorabji Tata Trust (SDTT) and Sir Ratan Tata Trust (SRTT) when his term ends on Nov 8. In a four-page…
Reliance Industries shares surged nearly 12% after strong Q2 results, adding a record Rs 1.8 lakh crore to its market capitalisation and driving the Sensex up 1,233 points to a near two-month closing high above 75,000 MUMBAI: Reliance Industries‘ strong results announced on Friday evening, lifted investor sentiment on Dalal Street on Monday with the…
Sitharaman declined to comment on possible government intervention. NEW DELHI: Finance minister Nirmala Sitharama on Monday called the differences between Tata Sons and its largest shareholder, Tata Trusts, a “very delicate matter” and said both sides should resolve the dispute amicably rather than discuss it publicly.Sitharaman said resolving the matter would require business acumen and…
Sitharaman said the government was aware of concerns raised by foreign investors over India’s tax structure. (PTI) NEW DELHI: Finance minister Nirmala Sitharaman on Monday said the government would consider concerns raised by foreign portfolio investors (FPIs) over India’s capital gains tax structure, amid growing demands for a reduction in long-term capital gains (LTCG) tax…
Oil prices fell more than 1% on Monday as Iranian and Qatari officials held talks for a third consecutive day aimed at securing an agreement to end the US-Israeli war on Iran, easing some immediate concerns over supply disruptions.Brent crude futures declined $1.59, or 1.40%, to $111.84 a barrel by 0011 GMT.US West Texas Intermediate…
Goldman expects strong tax collections and spending controls to keep the Centre on track to meet its FY27 fiscal deficit goal. The Centre is likely to meet its fiscal deficit target of 4.3 per cent of GDP for FY27 despite recording 42.6 per cent of its full-year budgeted deficit in the first six months, with…
IndiGo sees growth potential despite industry headwinds, focuses on cost control IndiGo sees significant growth opportunities despite rising fuel costs and other pressures facing the aviation industry, CEO Willie Walsh said on Monday, adding that the airline would focus on maintaining a competitive cost base while navigating the challenges.At his first in-person briefing since taking…
The fraud came to light later, when the depositors discovered that the documents they had received were forged and that no accounts had actually been opened. (Image for representative purpose only) Imagine a scenario where you open some post office savings accounts, but it turns out that the accounts are fake because the people who…
China is tightening export controls on construction equipment, including tunnel-boring machines, in a move that could affect India’s infrastructure projects and add to concerns over its dependence on Chinese machinery.The new restrictions cover specialised equipment used to build tunnels for roads, railways and metro networks, as well as machines designed to spray concrete at high…
Indian equities have underperformed other emerging markets over the past two years. The buzz around removal of long-term capital gains (LTCG) tax on equities is gaining traction, with the market regulator also urging the government to scrap it. The Securities and Exchange Board of India (SEBI) has reportedly requested the government to consider scrapping LTCG…
