Clarity on Tata Sons' position on listing, as of 2025, would help define the future of the group better, irrespective of the RBI stand. As of now, the ball is in the RBI's court, and everyone is watching the space, points out Nivedita Mookerji.
After months of discord, the Tata Trusts appear to be moving towards reconciliation, with recent reappointments and open exchanges signalling a return to cooperative governance.
SP Group chairman Shapoorji Pallonji Mistry on Friday reiterated calls for public listing of Tata Sons to bring transparency, amid infighting among trustees of Tata Trusts which controls a 66 per cent stake in the holding company of the salt-to-software conglomerate. Shapoorji Pallonji family is the single largest minority shareholder with about 18.37 per cent in Tata Sons.
'...yet struggles to convert that human capital into domestic productivity.'
Interest in green living is rising, with clean air and open spaces becoming key selling points for residential projects, particularly as Indian cities struggle with deteriorating air quality.
Tata Trusts, which exerts decisive influence over India's most valuable conglomerate through its about 66 per cent stake of Tata Sons, finds itself in the midst of infighting among its trustees over board appointment and governance issues.
The recent flash floods and landslides triggered by heavy rain in north Bengal have caused massive destruction in at least 30-35 tea gardens in Darjeeling, with reports of loss of plantation areas, deaths of workers and damage to houses of labourers, prompting planters to convene a meeting to assess the situation, stakeholders said.
Yes, the entry of private bankers, particularly with global experience will add value to PSBs, points out Tamal Bandyopadhyay.
Opening up the corner office is fine, but will the government be able to attract talent without giving a market-rate salary?, asks Tamal Bandyopadhyay.
Jio Platforms Limited is likely to have a valuation of $148 billion by the time it goes public on the back of strong free cash flow and potential deleveraging, ICICI Securities said.
'There is no provision for a specific salary for the vice president; instead, they receive remuneration and benefits commensurate with their role as the chairman of the Rajya Sabha.'
ICICI Securities expects Jio Platforms' ensuing IPO to fetch "premium valuations", as was the case in the high-profile equity raise of FY21, and has pegged the company's equity value at $148 billion by September 2027.
Tata Sons, now debt-free, has asked the RBI to drop its 'upper-layer NBFC' tag and allow it to stay private.
Chandrapuram Ponnusamy Radhakrishnan was sworn in as the 15th Vice President of India, succeeding Jagdeep Dhankhar.
'The directives to enhance last-mile funding, consider revival funds, and systemic reforms across the sector are expected to revive stalled projects, improve accountability, and accelerate the delivery of affordable and mid-income housing.'
Average residential property prices in seven cities increased 10% to 34% due to new supplies in the luxury and ultra-luxury segments and overall demand.
'The heat shield technology for re-entry vehicles was first mastered in DRDO for the Agni missile.' 'This is why the Americans were so opposed to Agni in the 1980s, unlike other missiles -- it was a re-entry vehicle.'
Reliance Industries Ltd (RIL) on Friday reported a 9.6 per cent year-on-year rise in net profit for the September quarter, driven by strong performance in its consumer-facing retail and telecom businesses and a recovery in its core oil-to-chemicals segment.
Average housing prices across Mumbai Metropolitan Region (MMR), Delhi-NCR, Chennai and Pune remained stable during the January-March period compared to the previous quarter while rates appreciated 4-5 per cent in the other four major cities, according to PropTiger. Data from real estate brokerage firm PropTiger, a part of REA India that owns Housing.com, showed that prices in Bengaluru and Hyderabad grew 5 per cent each while Ahmedabad and Kolkata saw an appreciation of 4 per cent each.
'Other sectors that manage the savings pools of Indians are giving tough competition to life insurance companies.'
'You cannot 'clear' your way to peace.' 'You need intelligence, calibrated force, impartial law enforcement, political neutrality, humanitarian returns and a sustained reconciliation plan.'
Anwar Qadri, a Congress councillor in Indore, India, has been removed from his position due to allegations of funding 'love jihad'. This action follows his arrest and accusations of providing funds to lure women into converting to Islam. The move has sparked political controversy, with the Congress party facing criticism and the BJP accused of engaging in communal politics.
A leading Chinese scientist specializing in semiconductor chips for weapon systems has been detained by anti-corruption authorities, according to his company, Zhejiang Great Microwave Technology.
Tata Capital Ltd, set to launch its IPO next week, has identified green financing and digital innovation as its core growth pillars, backed by the merger of its IFC-backed subsidiary Tata Cleantech Capital in 2024. By FY25, the cleantech and infrastructure finance book reached Rs 18,000 crore, growing at a 31.8 per cent CAGR over the last two years, the NBFC said on Friday.
Former Vice-President Jagdeep Dhankhar has moved to a private farmhouse in Delhi after resigning from his post. He will stay there until he is allocated an official residence.
'Dialogue and discussion, not conflict, are the way forward.' 'Internal fighting strengthens our enemies and provides material to divide us.'
'Developers have started offering 70% to 100% extra area and beyond.' 'If the market cycle shifts -- as many are already predicting with signs of price saturation and reduction -- most recent redevelopment projects will unravel.'
A profile of veteran Nepali politician K P Sharma Oli, detailing his rise to power, his various stints as prime minister, and his impact on Nepal's political landscape.
Lok Sabha Speaker Om Birla is likely to announce the formation of an inquiry committee to probe the charges against Allahabad High Court Judge Yashwant Varma. A notice signed by 152 MPs was submitted to Birla on July 21.
Real estate developers are hoping that the slew of tax concessions announced in Union Budget 2025, set to take effect this financial year, will spur demand for affordable and mid-segment housing, even as the broader housing market shows signs of fatigue.
Disney's ABC has taken Jimmy Kimmel's late-night talk show off air 'indefinitely' following backlash over the host's comments about the motives behind conservative commentator Charlie Kirk's killing.
Dr Ramakanta Panda's unique exhibition, titled Heartbeats -- Wildlife, Our Shared Future, features a compelling collection of over 200 photographs centred around the theme of wildlife conservation.
Rajya Sabha Chair addresses the issue of expunged proceedings being shared on social media amidst ongoing stalemate between the government and opposition regarding a discussion on Special Intensive Revision (SIR) in Bihar.
'When Harivansh sits in the chair, you feel your voice will be heard.'
Parliamentary Affairs Minister Kiren Rijiju defended security measures in Rajya Sabha, stating that marshals intervened to prevent disruption by MPs. This follows objections from the opposition regarding the presence of security personnel in the House.
Rajya Sabha Chairman Jagdeep Dhankhar has rejected a privilege notice against Union Home Minister Amit Shah after he cited a 1948 government press release to authenticate his statement that a Congress leader was part of the management of Prime Minister's National Relief Fund. Congress general secretary Jairam Ramesh had moved the notice against Shah for "casting aspersions" on Congress Parliamentary Party head Sonia Gandhi.
'You don't have to lose your identity to be part of Congress. You can be who you are, as long as you believe in the core principle of strong citizenry and nation-building through that concept'
Stepping up the heat on Justice Yashwant Varma, parliamentarians on Monday submitted notices to the presiding officers of the Lok Sabha and the Rajya Sabha for the removal of the Allahabad high court judge from whose residence in New Delhi burnt wads of currency notes were found.
The Congress party extended best wishes to the newly-elected Vice President of India, C P Radhakrishnan, while also recalling the words of the first Vice President, Sarvepalli Radhakrishnan, on the importance of a strong opposition in a democracy.
Who else will take on the might of Microsoft, Google, and Amazon if not the Adanis, Ambanis, Birlas, or Tatas?, asks R Jagannathan.
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