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…
Category: Companies
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…
Practo rejigs top leadership; Shashank ND named MD, Executive Chairman
Healthcare company Practo has rejigged its leadership, with founder and CEO Shashank ND elevated to the expanded role of Managing Director and Executive Chairman. Jagnoor Singh, who was previously Chief…
Brookfield’s $600-million ACME bet can take India’s green molecules to global scale: Manoj Upadhyay
Brookfield’s proposed investment of up to $600 million in ACME Cleantech Ventures can help move India’s green-molecule industry from individual projects to global scale, ACME Group Chairman Manoj Kumar Upadhyay…
Tata Sons board backs Chandra for third term, Noel Tata calls vote ‘legal nullity’
A bitter boardroom confrontation erupted at Tata Sons on Thursday as directors voted to give N Chandrasekaran another five-year term as Executive Chairman, despite opposition from majority shareholder Tata Trusts,…
“LCA delays, engine deals shape HAL’s growth roadmap”: Ravi K, HAL CMD
A day before central public sector enterprise Hindustan Aeronautics Limited (HAL) hands over two LCA FOC trainer aircraft, four Dhruv Next Generation (NG) helicopters and HTT-40 Basic Trainer aircraft on…