From the Sensex pack, Bharti Airtel fell 3.42 and Kotak Mahindra Bank declined 3.31 per cent. ICICI Bank, ITC, HDFC Bank, UltraTech Cement, HCL Technologies and Maruti were the other major laggards. Tata Motors, Hindustan Unilever, Asian Paints, Sun Pharma, Nestle, Tata Consultancy Services, Wipro, Bajaj Finance, Axis Bank and IndusInd Bank were among the gainers.
Ten former captains of India's Olympic hockey teams were felicitated with a citation and a purse of Rs 100,000 each.
The Tata Group, one of India's largest business houses, has made summer internship offers to 19 students of five leading US business schools this year
It is keen on electric cars as battery costs go down
Tata Trusts have tied up with Google, Intel.
The spat between the partners of telecom giant Idea turned murkier, with Birlas debunking the claims of Tatas that as a group they are not promoters and dubbing their termination notice as "illegal and malafide".
From the Sensex pack, Mahindra & Mahindra climbed 3.71 per cent after the company reported an 18 per cent jump in its consolidated profit for the March quarter and the highest-ever annual profit of Rs 10,282 crore in FY23. Titan, Tata Steel, HDFC, UltraTech Cement, State Bank of India, ITC, IndusInd Bank, NTPC, HDFC Bank and Bajaj Finserv were the other major gainers. HCL Technologies, Power Grid, Maruti, Wipro, Tata Consultancy Services, ICICI Bank, Infosys, Tech Mahindra and Hindustan Unilever were the laggards.
Cyrus Mistry, who was replaced as chairman of Tata Sons last Monday, October 24, still serves as the chairman of Tata Steel, Tata Motors, Tata Consultancy Services, Indian Hotels, Tata Global Beverages, Tata Chemicals, Tata Industries and Tata Teleservices.
Tribals on Friday took out separate rallies in Orissa's Kalinganagar area, both in support of the Tata Steel project and against it, to mark the third anniversary of killing of 14 tribals in police firing.
Marking a generational change, Tata, who turns 75 tomorrow, will hand over the reins of the group to 44-year-old Cyrus Mistry, who was chosen his successor last year and formally appointed Chairman earlier this month.
In a significant development that ends the prolonged speculation about the succession in India's leading corporate house Tatas virtually extended the term of group Chairman Ratan Tata till 2012.
In the midst of an ongoing search process to find Ratan Tata's successor to head the country's biggest corporate house, top leaders from the group have heaped lavish praise on his leadership style.
The government also plans to build MPs' chambers that will come up on the land where the Transport Bhawan and Shram Shakti Bhawan are located.
Adani Power will also be dropped from the S&P BSE 100 index
From the Sensex firms, Bajaj Finance, HDFC, HDFC Bank, Bajaj Finserv, Asian Paint, State Bank of India, Tata Consultancy Services, Bharti Airtel, Reliance Industries and Tata Steel were the biggest gainers. HDFC climbed 2.59 per cent after the housing finance major on Thursday reported a 20 per cent growth in standalone net profit to Rs 4,425 crore for the quarter ending March 2023 on the back of higher interest income. IndusInd Bank, Nestle, Power Grid, ITC, Tata Motors and Mahindra & Mahindra were the major laggards.
As India's online population crosses 450 million, e-commerce ventures are trying to grab a pie of online sales estimated to hit $48 billion by 2020.
India's corporate sector is likely to report a slowdown in revenue growth and earnings for the July-September 2023 period (Q2FY24), according to earnings estimates by brokerages, after the country's top listed companies posted higher than expected profits for the first quarter. The combined net profit of Nifty50 companies, based on brokerage estimates, is expected to have grown by 19.6 per cent year-on-year (Y-o-Y) to Rs 1.75 trillion in Q2FY24 - a sharp deceleration from 37.6 per cent Y-o-Y growth in the combined earnings of index companies in the April-June 2023 period. According to estimates, the combined earnings in the second quarter would be down 8.8 per cent on a quarter-on-quarter (Q-o-Q) basis and the lowest in the past three quarters.
Salt-to-software conglomerate Tatas have become the country's first business house to attain $100 billion revenue, even as the group's profit slipped to near $five billion in the last fiscal year.
The job of Tata Sons chairman might be the most prestigious in India Inc, but it comes loaded with challenges.
The UK government has promised to put in place measures worth hundreds of millions of pounds to support any rescue deal for the Indian group's UK business.
Tata and Singapore's Briley Group are planning a business jet JV based on the fractional ownership model.
From the Sensex pack, State Bank of India, HDFC, Axis Bank, HDFC Bank, Bharti Airtel, Kotak Mahindra Bank, ICICI Bank, Tata Motors, NTPC and Bajaj Finserv were the major gainers.
Brotin Banerjee, managing director and CEO of Tata Housing, shares the company's plans and strategy with Raghavendra Kamath.
When 'humiliated' Tata did 'favour' to Ford with JLR buyout!
BJP workers depend on Annamalai's popularity to emerge victorious. He has has made 100 promises to be fulfilled in 500 days and assurances include cleaning up rivers, an international airport and food vans named after former Chief Minister K Kamaraj.
In spite of the Orient snub, Tatas are still negotiating with them for the hotel takeover as well as scouting other US cities for luxury hotels.
Famous and long believed to be trusted Indian brands have wilted against foreign brands, says Mohan Guruswamy.
A lot depends upon the crucial decision-making skills of the management. If you have any doubts about the management then you always have the choice of selling your shares or not buying stocks of those companies at all.
The Indian Institute of Science topped the HRD ministry's 2017 national rankings. In 2016, the IISc was ranked among the world's top 15 universities in the Times Higher Education University Rankings. In his book The Creation of Wealth: The Tatas from the 19th to the 21st Century, R M Lala recounted how Jamsetji Tata's grand vision and immense personal contribution laid the edifice of arguably India's finest educational institution.
Of the six chairmen that Tata group has had in its 148 years, the longest serving was Jehangir Ratanji Dadabhoy
Ratan Tata, who is credited with the phenomenal growth of the Tata group in the past decade, has been named as Forbes' 'Asian Businessman of the Year'.
Tata Group shares were among the top losers while Adani Ports emerged as the top gainer
Tata Motors will undertake shutdown from March 27 to April 6 to carry out maintenance of equipments, particularly, in the paint shop," Debasis Ray, Head of Corporate Communications, said.
Prime Minister Narendra Modi made a surprise visit to the new parliament building in New Delhi on Thursday evening and inspected various works as well as interacted with construction workers, sources said.
It doesn't lack in practicality, affordability and drivability and even comes with interiors that are appealing
Is the Hexa more than a repackaged Aria? Clearly, yes! The Hexa has been arrived at after thoroughly revamping it from nose to tail, inside and out
