Business

Tata Trusts said Chandrasekaran emailed its nominee directors, Noel and vice-chairman Venu Srinivasan, on Aug 12 MUMBAI: Setting in motion the process of finding the next chairman of Tata Sons, majority stakeholder Tata Trusts issued a statement on Thursday saying it “respects” N Chandrasekaran’s decision not to offer himself for reappointment. Trusts control over 51.4%…

The report refers to a US Commerce Department estimate that goods worth $67 billion were transshipped through India, Mexico and Vietnam in 2025. (AP photo) A new US report has alleged that India is among 40 countries that are helping China evade Trump’s tariffs with the help of a shadow trans-shipment network. The White House…

Chandrasekaran announced his decision to step down as Tata Sons Chairman on August 12 MUMBAI: The Sir Dorabji Tata Trust decided at its Thursday board meeting that it cannot jointly nominate a representative with Sir Ratan Tata Trust (SRTT) for Tata Sons’ Aug 18 annual general meeting because of the regulatory ban on SRTT –…

Reddit surged 14.7% after it was announced that the company would be added to the S&P 500 index. US stock market today: Wall Street benchmarks were trading close to their record highs on Friday despite another unexpectedly weak economic indicator, this time showing softer retail spending.The S&P 500 inched up 0.1%, following the record close…

India has taken definitive steps to establish itself as a credible player in the global semiconductor ecosystem. With an outlay of over Rs 1.27 lakh crore India has launched the second phase of its ambitious semiconductor programme. Globally, a semiconductor supercycle is underway. If artificial intelligence is reshaping businesses world over, semiconductors are the building…

The jump comes amid strong inflows under the RBI’s forex swap measures, which have attracted over $40 billion since June. India’s foreign exchange reserves rose by $14.136 billion to $707.002 billion in the week ended August 7, according to data released by the Reserve Bank of India (RBI) on Friday.The reserves had increased by $10.512…

The 1,110-kg test vehicle, developed at Donghu Laboratory, achieved the milestone in its latest trial China has pushed maglev technology into a speed range far beyond conventional high-speed rail, with an experimental train car reaching 800 kmph in only 5.3 seconds on a 1-km test track in Hubei.The 1,110-kg test vehicle, developed at Donghu Laboratory,…

Stock Market Today Live: Indian shares are set for a muted start on Friday as investors balanced geopolitical risks in the Middle East against easing expectations of a US Federal Reserve rate hike next month. GIFT Nifty futures indicated a largely flat opening, with futures at 24,428 points at 7.30am IST. The Nifty 50 had…

Higher incentives weighed on profitability, with variable marketing expenses rising to 7.1% from 4.1%. NEW DELHI: Tata Motors Passenger Vehicles (TMPV) saw profit collapse in the June quarter as weakness at Jaguar Land Rover (JLR) and rising input costs overshadowed a sharp expansion in its domestic business.Consolidated net profit fell 80.3% y-o-y to Rs 775…

Export of oil products soared 67.6% to $6.9 billion on the back of strong demand from several Asian countries NEW DELHI: India’s goods exports rose at its fastest pace in over four years, rising 19.5% to $44.2 billion in July, while imports were 17.4% higher at $76.2 billion, resulting in a trade deficit of $32…