Promoter holdings in private listed firms drop 600 bps to 37% since 2021

Promoters of India’s top private listed companies have cut their stakes sharply since 2021, taking advantage of elevated valuations and reshaping ownership dynamics in the market. IMAGE: Kindly......

MNCs slam ban on FDI in tobacco

Global tobacco majors Philip Morris International and Japan Tobacco International on Friday deplored as "discriminatory," the Indian government's decision to ban foreign investment in cigarettes.......

BAT to sell up to 3.5% stake in ITC via block trade

British multinational BAT PLC on Tuesday said it plans to sell up to 3.5 per cent stake in India's ITC Ltd to institutional investors through a block trade. Photograph: Dado Ruvic/Reuters In a......

SC tells tobacco industry packs must carry bigger warnings

The rules make India's health warnings on tobacco products the world's most stringent, along with Thailand Supreme Court, on Wednesday, told tobacco companies thatthey must adhere to a new rule......

BAR put up for sale by administrators

Jenson Button's BAR Formula One team has been put up for sale -- but only to allow a new joint venture between engine partners Honda and majority owners British American Tobacco to buy it back.The......

Sports Shorts: Tobacco giant BAT returns to F1

Summary of sports events and persons who made news on Monday. IMAGE: Fernando Alonso in action for McLaren during the 2018 Abu Dhabi F1 Grand Prix. Photograph: Lars Baron/Getty Images British......

Honda to run own F1 team from 2006

Japanese car manufacturer Honda plans to go it alone in Formula One from next year after acquiring a 100 percent stake in the BAR Honda team on Tuesday. Honda announced its buyout of founding owner......

BAR scrap legal challenge

BAR accepted their exclusion from Formula One until the end of May on Friday after scrapping plans to challenge a two-race ban imposed for breaking weight and fuel regulations."We're going home......

Pitlane tales: F1 mourns sudden death of race director Whiting

IMAGE: FIA Race Director, Charlie Whiting died in Melbourne of a pulmonary embolism. Photograph: Mark Thompson/Getty Images Formula One race director Charlie Whiting, a popular and key figure in......