Business

These are also segments where Chandra’s track record came under scrutiny. NEW DELHI/ MUMBAI: The new Tata Sons chairman has to deal with three major cash losers – Air India, semiconductor and electronics manufacturing and Tata Digital – with govt treating the salt-to-airline conglomerate as a strategic partner in some of these sectors.With military aircraft…

Among the names in circulation for the top job is TV Narendran (right), 61, managing director of Tata Steel MUMBAI: For the past few decades, change of guard at Bombay House has often been accompanied by a large dose of drama.N Chandrasekaran’s sudden announcement has added to the uncertainty of the past few months, when…

The methodology used to calculate internal benchmarks will also have to be made publicly available MUMBAI: Lenders may no longer be able to tinker with loan spreads over the benchmark rate to offer new borrowers better deals than existing customers. Draft RBI rules seeking to standardise interest-rate setting across banks, NBFCs and cooperatives require lenders…

Price pressures remain stronger in rural India (4.8%), up from 4.7% in June NEW DELHI: Retail inflation inched up to 4.45% in July on expensive kitchen staples, including onion and ginger, even as price rise remained above the Reserve Bank’s median target for the second consecutive month, according to govt data.The consumer price index (CPI)-based…

As entry-level 5G smartphones became more expensive, several brands reintroduced or extended 4G models to retain buyers at the lower end NEW DELHI: India’s cheapest smartphones are disappearing fast. Rising component costs have made sub-$100 (around Rs 9,000) devices increasingly unviable for manufacturers, while giving older 4G technology an unexpected lifeline as brands look for…

Starting Nov 2024, Sebi had made several changes to the trading rules for F&O, including increasing margins and contract sizes. MUMBAI: New rules introduced by markets regulator Sebi to curtail excessive speculation and trading in the futures & options (F&O) segment have reduced aggregate losses incurred by retail investors during fiscal 2025-26, but per-investor loss…

AI could widen the pool of borrowers by allowing banks to use data beyond conventional financial histories MUMBAI: RBI governor Sanjay Malhotra said AI could do to lending decisions what UPI did to payments and urged banks not to sit on the sidelines as India is well-placed to adopt the technology because of its public…

Gold prices are trading near multi-week highs on Wednesday as investors weigh competing signals from the US economy and the ongoing Middle East conflict. Spot gold was up 0.3% at $4,377.79 per ounce by 0055 GMT, after climbing to its highest level since June 5 in the previous session. The metal encountered technical resistance around…

N Chandrasekaran’s decision leaves the board with the task of selecting a new chairman.. (Reuters file photo) N Chandrasekaran’s decision to step down as Tata Sons chairman after his current tenure ends in February 20207 has brought to light the power struggle within the Tata group.His decision represents a major leadership change at Tata Sons…

N Chandrasekaran announced that he will not seek another term as chairman of Tata Sons after his current tenure expires. (Reuters file photo) N Chandrasekaran, who has decided to step down as Tata Sons chairman, told employees to ignore the speculation and conspiracy theories circulating over the group’s leadership transition. Earlier today, N Chandrasekaran announced…