Bengaluru and Mumbai: Tata Trusts has dismissed allegations of impropriety regarding a 37-year-old share transfer, saying the transaction had been vetted by eminent late jurist Nani A. Palkhivala, and was…
Category: Companies
Maruti considers shielding small-car buyers from inflation-led price hikes
New Delhi: The country’s largest carmaker, Maruti Suzuki India Ltd, is considering a request from its dealers to introduce measures to shield small-car buyers from price hikes as demand for…
Startup Policy Forum submits recommendation to Sebi, finance ministry to ease KYC norms for NRIs investing in India
Startup Policy Forum (SPF), an alliance representing India’s new-age companies, has submitted a note to the Securities and Exchange Board of India (Sebi) and the finance ministry, highlighting operational challenges…
Tata Trusts denies 1989 share transfer allegations, plans legal action
Tata Trusts has strongly refuted allegations concerning a 1989 transfer of shares by the Navajbai Ratan Tata Trust (NRTT) to the late Naval H Tata, describing the claims as “baseless,…
Coal India offers more coal, greater operational flexibility to non-regulated sector consumers
State-run coal behemoth Coal India on Friday said it is offering more coal and greater operational flexibility to non-regulated sector (NRS) consumers in a series of business-friendly initiatives. In a…
Myntra adds 8.4 million weekly active users to reach all-time high of 60 million: CLSA Report
Myntra hit a record high in weekly active users in the week beginning May 25, as India’s consumer internet sector showed diverging trends with strong gains in e-commerce, according to…
Blackstone, CPPIB-backed AirTrunk to invest over $30 bn in India’s data centres by 2030
Mumbai: AirTrunk, backed by Blackstone and Canada Pension Plan Investment Board (CPPIB), plans to invest more than $30 billion in India by 2030 to expand digital infrastructure capacity, positioning the…
Maruti Suzuki to invest ₹925 crore in green energy push by FY31
The country’s largest carmaker Maruti Suzuki India Ltd on Friday said it plans to invest Rs 925 crore by FY 2030-31 towards green energy initiatives, including two biogas projects. The…
NTPC invites bids for sub-critical thermal power to manage grid imbalances
In a significant development, state-run NTPC has floated bids for supply for electricity from thermal power plants with 150-250 megawatt (MW) capacity to balance the grid. “India’s rapid expansion of…
Bluestone eyes 5x rise in revenue as rising affluence to buoy everyday use jewellery buys
Mumbai: Jewellery retailer Bluestone aims to grow its revenue five-fold to ₹12,000 crore by FY30, betting on a rise in affluent households and a shift in luxury spending towards everyday…