The Tata Sons board’s decision to reappoint N Chandrasekaran as executive chairman has intensified a growing governance conflict between management and the Tata Trusts, the conglomerate’s principal shareholders. The development…
Category: Companies
Listing will destroy Tata group’s character: Noel Tata
Listing of shares will destroy the character of Tata group, Tata Trusts Chairman Noel Tata has said. Reiterating his opposition to share sale, he said that Tata Group was conceived as a national service…
Titan steps up mechanical watchmaking, targets 25% share above ₹25,000
Titan is stepping up its mechanical watchmaking capabilities as it seeks to build a larger presence in the premium end of India’s watch market, targeting a 25% share of the…
Ammann betting on India as global manufacturing and export hub: CEO Schneider
Swiss road-construction equipment maker Ammann Group Holdings AG is positioning its India operations as a global manufacturing hub, group chief executive Hans-Christian Schneider told Mint in an interview. The company…
Noel Tata outvoted as Tata Sons board backs IPO and Chandrasekaran extension
Tata Trusts chairman Noel Tata stood firm at the Tata Sons board meeting but was outvoted by five directors led by chairman N. Chandrasekaran when the board decided to follow…
Putin Signs Decree to Seize Control of Nestle Assets in Russia
Russia seized control of the local assets of Swiss food giant Nestle SA and French supermarket chain Auchan, placing their stakes in Russian businesses under temporary administration. President Vladimir Putin…
Why Noel is challenging tie-breaker vote that backed Chandra’s reappointment
A casting vote by the most tenured independent director at Tata Sons helped N. Chandrasekaran secure a third, five-year term as Tata Sons chairman at the group’s board meeting on…
Festive online retail surge set to lift gig hiring as platforms prepare for five-year high
India’s online festive season is shaping up to be its strongest in five years, and the expected surge in shopping is prompting e-commerce and quick-commerce platforms to ramp up hiring…
Oil India plans ₹15,000 crore capex for deep, ultra-deepwater exploration
Oil India (OIL) Chairman Ranjit Rath said on Thursday that the state-run E&P company will spend ₹15,000 crore over the next three years to step up exploration in offshore deep…
HCL-Foxconn JV India Chip targets 40% of India’s display driver chip demand
India Chip, the HCL-Foxconn joint venture project, will manufacture about 36 million display driver chips a month at its upcoming semiconductor packaging facility in Uttar Pradesh, a capacity the company…