Every move that strengthens Cyrus Mistry's position in companies like Indian Hotels could prolong the uncertainty.
One is hopeful that if he becomes CM, Mr Thackeray will not be as trigger happy in calling for bans or encouraging outrage, says Uttaran Das Gupta.
Half a dozen names are doing the rounds as replacement for Cyrus Mistry as the chairman of the Tata Group.
The Securities and Exchange Board of India (Sebi) has mulled introduction of confidential initial public offering (IPO) filings and "pre-filing" of offer documents, a move aimed at giving issuers flexibility and alleviating concerns around privacy. Industry players said the concept, if implemented, would give a fillip to the domestic capital markets, ease the process and encourage more companies to go public. To be sure, the proposals are still at a discussion stage with Sebi just floating a consultation paper seeking public feedback.
While study was done before the current boardroom battle began, the findings indicate Tata is no longer viewed as aspirational brand by working professionals.
"After sinking in Rs 6,000-7,000 crore in the Nano till date, what is the result?"
Talks of a merger between HDFC Bank and parent HDFC Ltd had gained steam nearly eight years ago, when the Reserve Bank of India allowed banks to issue long-term bonds to fund infrastructure and affordable housing. At that time, key executives at both entities denied any such proposal. And today, the merger has been officially announced by the two players.
The country's largest housing finance company HDFC Ltd will merge with the country's largest private sector lender HDFC Bank, according to a regulatory filing. The scheme of amalgamation will be subject to various regulatory approvals, including from the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi), HDFC Bank said in the filing on Monday.
A strong performance by sectors including banking raised the profits of Indian companies by 28 per cent in the three months ended March 2022. The rate of growth is, however, lower than the 30 per cent seen in December. Growth in net sales was also lower than what was seen in the December quarter for the sample under consideration.
Pallon has already joined the boards of some of the unlisted companies such as Afcons
New members have to give a declaration that they will not own any property in excess of ceiling laws and will undertake tasks including "manual labour" prescribed by the party.
'If the Congress gets to form the government in 2024, then Sonia Gandhi by virtue of being CPP chairperson will have the authority to decide who will be the prime minister and not Kharge.'
Will he, will he not? That is the question on every Congress leader's mind as Rahul Gandhi has still not indicated whether he is ready to take on the mantle of party president.
The company is in a financial storm, as its biggest investment, on the 4,000 Mw Mundra Ultra Mega Power Project (UMPP) didn't go according to the script.
The family members of the deceased filed an FIR against the station in-charge and other police personnel for beating Kamal to death.
There was virtually no incremental equity investment by Tata Sons during Mistry's first two years
Congress presidential candidate Shashi Tharoor on Tuesday claimed many electors have been instructed by 'their leaders' to support his rival but they may eventually vote for him in a secret ballot.
By filing his nomination as Congress president on Friday, Shashi Tharoor has shown he is no 'quockerwodger' -- a word he introduced into our lexicon which means someone acting on the instructions of an influential third party.
'In some quarters it has been suggested that there will be an 'official candidate' backed by the leadership but on the contrary, it has been repeatedly stressed by Congress president Sonia Gandhi, Rahul Gandhi and Priyanka Gandhi Vadra in my conversations with them over the last two weeks that the Nehru-Gandhi family welcomes these elections'
Unlike Ratan Tata's philosophy, Mistry cared about short-term gains. This is a Diwali gift for many
Narendra Modi's mother washed utensils to make a living. Madhusudan Mistry's grandmother, who brought him up, was a vegetable vendor. Mistry's trajectory from poverty to membership of the all powerful Congress Working Committee is moving. the man who has Rahul Gandhi's ear and is all set to take on Narendra Modi in Vadodara, speaks to Rediff.com's Sheela Bhatt in a fascinating interview.
Shergill, who became the first woman officer as Parade Adjutant on Army Day Parade earlier this month, led the Corps which has the motto "Teevra Chaukas", meaning swift and alert.
The Congress party is thinking of ways to counter the BJP in Lok Sabha constituencies is it unlikely to win, reports Renu Mittal.
Small- and mid-size companies where Cyrus was the chairman did better on bourses than large Tata group companies
Budding cricketers are not the only ones getting inspired by Mahendra Singh Dhoni's iconic helicopter shot as it has now become the inspiration for artisanal chocolates launched on Tuesday by food and beverage start-up 7InkBrews, where the former India captain is also a shareholder.
'Gehlot is right now doing things, which are not appreciated by the Gandhis.' 'The Gandhis have realised that their writ does not run in Rajasthan, therefore they have deflected the issue to Kharge.'
Tatas' best bet would be to find an insider who understands the systems, say headhunters
A division bench of Justices Ranjit More and Bharati Dangre on Monday quashed and set aside the proceedings.
'The Bharat Jodo Yatra has done very well in the south, and if they are able to pull voters in the south and rely on their allies in the north like in Bihar, UP and do well in Rajasthan, then there are chances that there might be a formidable opposition or at least a force to fight the BJP.'
On Friday, shares of Tata Motors rose by 2.68 per cent and Tata Steel went up by 1.85 per cent on the Bombay Stock Exchange.
CNBC-TV18 News reports that it has been able to confirm that the insurance giant is firmly backing Tata Sons. There is thus no possibility that the insurer will exit the group.
Sixteen companies in the group registered a turnover of over $500 million, with ten of these registering a turnover of over $1 billion
Tata Consultancy Services, the $73 billion IT group, is India's biggest company by market value and four times the size of any other listed Tata entity
In absence of hard facts, the group risks losing public trust, says the firm, which has investment from the Tatas
'Tata may have sensed that the suddenness of the decision to replace Mistry would become controversial and it was proper to keep the prime minister informed of the decision,' says A K Bhattacharya.
Two successive reports, one by Percy Mistry in 2007 and the other by Raghuram Rajan in 2008 had provided the RBI and the finance ministry with blueprints of what to do next. Both reports, unfortunately, was put on ice. The global meltdown saved the RBI. It also saved the finance ministry from having to work on the two reports.
Pakistan had submitted the names of Angara Appaji and Gobinda Patnaik for designation under the 1267 Al Qaeda Sanctions Committee of the UN Security Council.
'A brief statement was made by the Army on the sensitive issue. But no questions were taken,' a member said.
There's a quiet before the storm within the ruling party. Illustration: Uttam Ghosh/Rediff.com.
Shareholders feel Cyrus Mistry is slowly slipping into Ratan Tata's shoes
