Tag: tata sons
RBI proposes upper layer NBFCs to be defined by absolute asset size of ₹1 lakh crore+
Mumbai: The central bank late on Friday proposed replacing its existing methodology for identifying upper-layer non-banking financial companies (NBFC-UL) with an absolute asset size threshold…
RBI proposes to include PSUs in upper-layer NBFCs
Mumbai: The Reserve Bank on Friday proposed changes in the criteria for identifying upper layer non-banking finance companies (NBFCs), pitching for an asset-size-based approach as…
India’s privatisation drive derails because of weak investor interest
New Delhi: India is considering shelving three planned privatisation sales amid weak investor appetite, two government sources said, a slump that has already derailed its…
Noel Tata seeks truncated term for Tata Sons Chairman Natarajan Chandrasekaran as part of succession revamp| Business News
Tata Trusts Chairman Noel Tata is advocating for a two-year extension for Tata Sons Pvt. Ltd. Chairman Natarajan Chandrasekaran rather than the five-year mandate, as…
Tata Sons defers vote on Chairman Chandra’s new term in sign of power tussle| Business News
The board of Tata Sons Pvt. Ltd. deferred a decision on granting a third term to Chairman Natarajan Chandrasekaran, people familiar said, in the latest…
Air India braces for record $1.6-billion loss after Ahmedabad plane crash| Business News
Air India Ltd. is set to report a record annual loss after last year’s deadly crash and airspace shutdowns wiped out progress toward a turnaround,…
Air India said to be scouting for new CEO to replace Campbell Wilson| Business News
The board of Air India Ltd. is scouting for a new chief executive officer to replace Campbell Wilson, two people with direct knowledge of the…
Mehli Mistry exits Tata Trusts, says ‘nobody’s bigger than the institution’| Business News
Mehli Mistry has decided to move on Tata Trusts, according to his letter to other trustees, effectively bringing an end to a tussle that threatened…
Tata Trusts reappoints Venu Srinivasan ‘for life’, focus shifts to Mehli Mistry| Business News
Tata Trusts has unanimously reappointed Venu Srinavasan as a “trustee for life”. The focus now shifts to the reappointment of Mehli Mistry, amid reports of…
Nirmala Sitharaman’s message to India Inc: Don’t hesitate, invest and expand
Finance Minister Nirmala Sitharaman on Thursday urged Indian industry to step up investments and expand capacities, saying the government has already delivered on reforms and…