MUMBAI: Tata Sons chairman N Chandrasekaran presented a three-year roadmap to narrow losses in the company’s new businesses at a marathon board meeting on Tuesday, even as his reappointment remains unresolved.The meeting, held at Tata Group headquarters Bombay House, covered three of the businesses – Air India, Tata Digital and Tata Electronics – reflecting the…
BENGALURU/NEW DELHI: The Congress leadership veered towards a change of guard in Karnataka, amid indications that CM Siddaramaiah has been offered an honourable rehabilitation including possibly a Rajya Sabha berth as part of smooth leadership transition in the state.On a day Siddaramaiah and his deputy and claimant for his post DK Shivakumar met over six…
NEW DELHI: Maruti Suzuki on Tuesday rolled out a series of austerity measures for employees and business partners, to formally respond to Prime Minister Narendra Modi’s call to conserve fuel and reduce foreign exchange spending amid the ongoing West Asia conflict.In a post on X, the country’s largest carmaker said management should conduct business in…
NEW DELHI: The new index of industrial production (IIP) series, having 2022-23 as base year, is set to track for first time the output of rare earths and minor minerals, piped natural gas (PNG), water supply, sewerage and waste management — the Technical Advisory Committee (TAC) constituted to undertake base year revision under IIM Kozhikode…
CHENNAI: JK Tyre has announced one of the largest capacity expansion programmes among Indian tyre manufacturers, despite concerns over the impact of the West Asia crisis on raw material prices. The company has earmarked Rs 4,980 crore to expand the capacities of its truck and bus radial (TBR) and passenger car radial (PCR) tyre businesses…
Shai Gilgeous-Alexander (Image via Getty) The claim making rounds on social media that Shai Gilgeous-Alexander is out for Game 5 of the Western Conference Finals with an oblique injury is false. SGA is healthy, listed on no injury report, and is expected to start tonight as OKC hosts the San Antonio Spurs in a series…
MUMBAI: The insurance regulator has directed insurers to realign how senior executives are evaluated and paid, linking performance more closely to customer outcomes, transparency, and governance, under a revised framework issued through a circular dated May 25.The Insurance Regulatory and Development Authority of India (Irdai) said insurers must align the performance parameters of key management…
Kansas City Chiefs emerge as a “strong fit” for $63 million former New England Patriots wide receiver Rashee Rice’s legal trouble.(Image via X) The former New England Patriots’ wide receiver, Stefon Diggs, has remained an unrestricted free agent since the team released him in March after a dominating performance. Amid this, the star player has…
MUMBAI: Cash logistics companies, which replenish ATMs, have approached banks seeking measures to offset a sharp rise in operating costs, warning that a combination of fuel inflation, wage hikes and compliance expenses could push industry costs up by 15-20% in the near term. An increase in fees is likely to require a revision in ATM…
MUMBAI: Sebi is pushing ahead with bond market reforms with plans for bond tokenisation pilots and a new regulatory framework for debt brokers, as it seeks to deepen corporate debt markets beyond their current narrow base of issues and investors. The regulator is looking at easing disclosure norms for debt-only issues.Noting that financing for business…