Business
Cyrus Mistry Removed as Director From Tata Consultancy Services
Cyrus P Mistry was on Tuesday removed as director of Tata Group's crown jewel, Tata Consultancy Services (TCS) with 93.11 per cent of shareholders present at the extra-ordinary general meeting voting for his ouster.
Key Test for Tata, Mistry as TCS Shareholders Vote on Tuesday
Shareholders of Tata group's crown jewel TCS will on Tuesday vote on a resolution to remove Cyrus Mistry as the company's director.
Cyrus Mistry Sacked as Director of Tata Industries
Ratan Tata further claimed in the letter that several attempts to remediate the situation went unheeded and Mistry was offered an opportunity to step down voluntarily, which he rejected.
Indian Manufacturing Sector May Improve in Oct-Dec: FICCI
India's manufacturing sector may show growth improvement in the October-December quarter with a slightly better outlook for production, driven by better export prospects, according to a report.
Tata Group No One's Personal Fiefdom, Says Cyrus Mistry; Tatas Hit Back
The Tata Group has over 660,000 employees and 4 million shareholders.
Cyrus Mistry Caused Huge Financial Loss to Group Firms: Tata Sons
Refuting Cyrus Mistry's allegations of "breakdown" in the governance of trusts managing Tata Sons, the group holding firm on Monday said the trusts are governed by individual wills of Jamsetji Tata and his two sons, and accused the ousted Chairman of caus...
NHAI Suffers Rs 1,238 Crore of Toll Loss Post Demonetisation
Post demonetisation of currency notes of Rs 500 and Rs 1000, government has suspended user fee collection on National Highways with effect from November 9, 2016 (17:30 hrs), Minister of State for Road Transport and Highways P Radhakrishnan said in a writt...
Gold Imports in December to Halve as Cash Crunch Squeezes Demand
India's overseas purchases of gold could halve this month after jumping to the highest level in 11 months in November because retail demand has faltered due to the government's move to scrap high-value currency notes, industry officials told Reuters.
Sensex Adds More Gains, Up 109 Points in Early Trade
The benchmark BSE Sensex climbed 109 points early today after investors buying gained steam amid mixed Asian cues
L&T Lays Off 14,000 Employees During April-September
Faced with economic challenges, engineering major Larsen & Toubro (L&T) has laid off 14,000 employees across businesses during April-September period this year, saying it was necessary to stay "agile and competitive".
Big Bazaar Allows Cash Withdrawal up to Rs 2,000 From November 24
State Bank of India has helped Big Bazaar activate this facility through the bank's Cash at POS machines.
Positive Global Cues lift Indian Equity Markets
The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up by 73.20 points or 0.92 per cent to 8,002.30 points.
Fitch Retains 'Negative' Outlook for India's Banking Sector
Fitch re-affirmed its "negative" outlook for India's banking sector, saying the financial standing remained "fragile" without bigger capital injections and that the government's action on banknotes could end up having a mixed impact.
Sensex Regains 26,000, Surges 260 Points, Nifty Above 8,000
The 30-share Sensex was quoting sharply higher by 260.79 points, or 1.01 per cent, at 26,025.93 in early trade with all the sectoral indices led by metal and auto were trading in the positive zone, gaining by up to 2.20 per cent.
Stranded Trucks, Unpaid Workers: India Inc Counts Cost of Cash Crunch
Like millions of Indians fed up with corruption and counterfeiting, Vimal Somani cheered Prime Minister Narendra Modi's shock move to replace all high-value banknotes.
Govt to Buy 2 Million Tonne Pulses For Buffer Stock by Next June
India imported nearly six million tonne pulses last fiscal to meet the domestic demand.
