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Cyrus Mistry letter bomb: From Tata Nano losses to fraud in AirAsia deals; here are top developments

After the sacking of Cyrus Mistry from the post Tata Group chairman, many developments have come to the fore. The unceremonious exit has led to many repercussions. The duel turned sour as Misty has...

News Nation Bureau | Oct 26, 2016 11:24 PM

Tata Motors unable to shut loss-making ‘Nano’ due to emotional reasons: Mistry

Tata Motors has been unable to shut down the loss making small car Nano due to "emotional reasons" and doing so would also stop the supply of "gliders" to an entity that makes electric cars in which...

PTI | Oct 26, 2016 08:53 PM

LIC buys over 50 per cent of NBCC shares on offer, invests Rs 1,200 crores

State-owned LIC picked up more than half of the NBCC shares sold by the government in the Rs 2,218-crore disinvestment.

PTI | Oct 26, 2016 07:24 PM

Tata Group firms lose Rs 21k crore following Mistry’s ouster as Group Chairman

Shares of Tata Motors dipped 4.27 per cent, Tata Steel slumped 4.01 per cent, Tata Power lost 2.06 per cent and TCS fell by 0.07 per cent on BSE on Wednesday.

PTI | Oct 26, 2016 06:47 PM

I was pushed to a position of ‘lame duck’ chairman, says Cyrus Mistry

Sacked unceremoniously, a "shocked" Cyrus Mistry has levelled a series of allegations against Ratan Tata and contended that he was pushed in to a position of "lame duck" chairman and changes in...

PTI | Oct 26, 2016 06:33 PM

ITC Ltd reports Q2 standalone net profit at Rs 2,500 crore

Indian diversified conglomerate ITC Ltd reported a 10.49 per cent increase in standalone net profit at Rs 2,500.03 crore for the second quarter ended September 30, 2016-17.

PTI | Oct 26, 2016 02:55 PM

Suzlon and Ostro Energy tie up for 50-mw solar project in Telangana

Clean tech giant Suzlon has entered into a joint venture with Ostro Energy for development and construction of a 50-mw solar project in Telangana.

PTI | Oct 26, 2016 02:33 PM

Jewellery sales may witness 25% growth on Dhanteras due to good monsoon: Experts

The season started well and the general mood is very good, so seeing this positive trend we are expecting 25-35% growth from last year, Gitanjali Gems chairman and MD Mehul Choksi said

PTI | Oct 26, 2016 01:52 PM

Flipkart CFO Sanjay Baweja resigns, Top level exodus continues

“Flipkart CFO Sanjay Baweja has quit. The company has started searching for his replacement. Baweja will continue to work with company till December 31, 2016,” an industry

PTI | Oct 26, 2016 08:26 AM

Ratan Tata inducts two new directors, asks CEOs of group firms to focus on business without being distracted by change in top leadership

Ratan Tata on Tuesday followed up the sacking of Tata Sons Chairman Cyrus Mistry by inducting two new directors into the board of the holding company, even as he asked CEOs of group firms to focus on...

PTI | Oct 26, 2016 08:11 AM

Gold recovers on renewed buying, Silver crosses Rs 43K-mark

Snapping its two-day falling streak, gold prices recovered by Rs 95 per 10 grams at the bullion market here on Tuesday, tracking a firm trend overseas amid renewed buying by jewellers.

PTI | Oct 25, 2016 09:41 PM

Tata Sons appoints Ralf Speth and N Chandrasekaran as additional directors

Tata Sons, the promoter of major operating Tata companies, on Tuesday appointed Jaguar Land Rover CEO Ralf Speth and TCS CEO & MD N Chandrasekaran as additional directors, a day after Cyrus Mistry was...

PTI | Oct 25, 2016 09:39 PM

Cyrus Mistry sacking: Tata Sons files caveat in Bombay HC, Company Law Tribunal; Mistry denies filing caveats

Tata Sons on Tuesday filed caveat in Bombay high court and National Company Law Tribunal (NCTL) to prevent ousted chairman Cyrus Mistry from getting ex-parte order against his sacking.

Agency | Oct 25, 2016 06:20 PM

Don’t reject mediclaims on whimsical and technical grounds, says Consumer Forum

A consumer forum here has asked insurance companies not to reject claims on "whimsical and technical grounds" as people buy mediclaims to cover medical exigencies.

PTI | Oct 25, 2016 05:00 PM