Now, Noel asserts ultimate control

Born on Nov 12, 1956, to Simone and Naval Tata, Noel studied economics at the University of Sussex before starting at Nestlé, UK MUMBAI: For decades, Noel Tata was the quiet half-brother operating in the shadow of Ratan Tata’s larger-than-life legacy. While Ratan took bold, global bets, Noel quietly built Trent into a retail powerhouse…

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Chandra says ok Tata

N Chandrasekaran will step down as chairman of Tata Sons when his current term ends on February 20, 2027 MUMBAI: About a year after Tata Trusts, which controls 66% in Tata Sons, the holding company of India’s largest conglomerate, unanimously approved a third five-year term as chairman for N Chandrasekaran (62), he abruptly announced Wednesday…

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New chief needs to deal with 3 major cash losers

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…

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New RBI rules may end loan spread tinkering; to standardise rate setting across banks, NBFCs

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…

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‘Life is a shipwreck, but we must not forget to sing in the lifeboats’ and why choosing joy in the face of chaos may be the ultimate act of defiance

Voltaire was an influential French Enlightenment philosopher and writer who championed reason, freedom of thought, and religious tolerance while criticizing injustice and intolerance. Imagine standing on the deck of an ocean liner when a sudden storm tears the ship open. The engine stops, water rushes into the lower parts of the ship, and the vessel…

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