Business
Independent Directors of Indian Hotels Back Cyrus Mistry
Indian Hotels held its board meet with Cyrus Mistry in the chair -- the first for a Tata Sons firm after the 49-year-old industrialist was ousted as the group chairman.
Sensex Plummets 288 Points on US Poll Fears
The benchmark BSE Sensex crashed by 288 points and the NSE Nifty dipped below 8,600 mark in early trade as investors cut down their bets.
Removal of Cyrus Mistry was Absolutely Necessary for Future Success of Tata Group: Ratan Tata to Employees
The removal of Cyrus Mistry was absolutely necessary for the future success of the Tata Group, interim chairman Ratan Tata told the company’s employees on Tuesday, hours after a heated exchange between Tata Sons and Mistry.
Govt Keeping Close Watch on Tata Matter, Says Corporate Affairs Ministry
Government is keeping a "close watch" on the developments relating to Tata-Mistry case, but does not want to "interfere" at present as it was an "internal matter" of a private group, Ministry of State for Corporate Affairs Arjun Ram Meghwal said on Friday...
Why Cyrus Mistry Was Sacked: Saving House of Tatas Meant Tarnishing Ratan Tata's Legacy
It seems quite ironical that India’s biggest state and biggest corporate group are being convulsed simultaneously with internecine struggles.
Tata Stocks Plunge on Concerns Over Cyrus Mistry Letter
Shares of various Tata group stocks, including Tata Power and Tata Motors, plunged sharply this morning amid concerns about purported disclosure made by ousted group chairman Cyrus Mistry about huge write-down risks at some firms.
Rupee Surrenders 8 Paise Against Dollar
The rupee lost 8 paise to 66.93 against the US dollar on Tuesday at the forex market in the wake of increased demand for the American unit amid foreign capital outflows.
'Cyrus Mistry Replaced in Long-term Interest of Tata Sons'
The replacement of Chairman of Tata Sons Cyrus Mistry was done keeping in mind the "long-term interest" of the company, according to a spokesperson.
Arun Jaitley Calls on Private Sector to Invest, Cites Low Cost of Capital
With private investment playing catch-up, Finance Minister Arun Jaitley on Saturday asked the private sector to loosen its purse strings to make the most of the demand uptick following a good monsoon and softer rates due to controlled inflation.
Reliance Q2 profit rises 18%; GRM at $10.1/bbl, petchem shines
Petrochemical major Reliance Industries' quarterly earnings beat analysts' estimates on Thursday with standalone profit rising 17.9 percent year-on-year (up 2 percent quarter-on-quarter) to Rs 7,704 crore, driven by petchem as well as refinery businesses.
90% Hike in Smuggled Cigarette Consumption in India: FICCI
Consumption of smuggled cigarettes has increased by over 90 per cent, equivalent to 12.5-23.9 billion sticks, in the last 10 years in India, revealed a new report on Thursday.
Gold Extends Gains on Global Cues; Silver Turns Weak
Pure gold (99.9 purity) also rose by a similar margin to finish at Rs 30,110 per 10 grams as against Rs 30,025 earlier.
Expect Next Rate Cut in RBI's February Review, Say Analysts
A day after the monetary policy committee (MPC) debuted with a surprise 0.25 percent cut in rates, analysts on Wednesday said the Reserve Bank will continue with the accommodative stance but the next action can come only in the February review.
Rupee Strengthens 13 Paise Against Dollar in Early Trade
The rupee advanced 13 paise to 66.48 against the US dollar in early trade on Monday.
GST: Govt Faces Steep Climb in Training 60,000 Officials as Deadline Nears
Already running against time on GST, the revenue department will have a tough time in training 60,000 field officials for its implementation from April 1 as it has provided requisite skills to only 3,074 personnel.
Stocks See Swings, But End on a Positive Note
After remaining volatile for much of the day, stocks staged a mild recovery on Friday as the Sensex mopped up modest gains amid creation of fresh bets with the beginning of the October series of derivative contracts.
