RBI rules require upper-layer NBFCs with assets above Rs 1 lakh crore, or with direct or indirect access to public funds, to list MUMBAI: Even as Tata Sons board members remained divided on the reappointment of N Chandrasekaran as chairman, they were unanimous on the need to form a committee to examine options for complying…
Net direct tax collections up 23% NEW DELHI: Direct tax collections grew 15.2% to Rs 14.3 lakh crore in the current financial year up to Sept 17, driven by a faster growth in the corporation tax mop-up.Latest data released by the income tax authorities pointed to a mild pick-up in advance tax payments, whose second…
Noel voted against Chandrasekaran’s reappointment MUMBAI: The largest shareholder in Tata Sons, Sir Dorabji Tata Trust (SDTT), is weighing legal options including a possible plea before the Mumbai bench of the National Company Law Tribunal, to challenge N Chandrasekaran’s reappointment as chairman for five years, according to people familiar with the matter.The development follows Tata…
The Dario Amodei-led startup has said it wants to unlock treatments for rare diseases SAN FRANCISCO: Anthropic has set up a wet lab in San Francisco Bay Area, expanding its artificial intelligence ambitions into physical biology and drug science, according to two people familiar with the matter and company life sciences head Eric Kauderer-Abrams.The Dario…
The extension keeps the restriction in place until September 21, 2027, with limited exceptions for cases deemed to be in the US national interest. US President Donald Trump has extended restrictions on the H-1B nonimmigrant visa programme for another 12 months, keeping in place a $100,000 payment requirement for certain H-1B workers seeking to enter…
MUMBAI: A day after Tata Trusts chairman Noel Tata warned that a listing “will destroy” Tata Sons‘ character and “strike at the heart” of an operating model that “has stood the test of time for more than a century”, Shapoorji Pallonji Group (SPG) chairman Shapoor Mistry took the contrary view, describing a public listing as…
The law now allows Trump to put up to 100% tariffs on Russian oil buyers US President Donald Trump has signed into law a sweeping sanctions package targeting Russia and Iran, giving his administration expanded powers to penalise countries that continue buying Russian oil and gas, including India.The “Lindsey O. Graham Sanctioning Russia and Iran…
Bulk consumers must declare their sugar stocks on the food department’s portal every Friday NEW DELHI: Ahead of the festive season, Centre Friday relaxed the stockholding limit for bulk sugar consumers, allowing them to hold sugar for up to 30 days instead of the existing 15 days, as retail prices have eased by nearly 10%…
NEW DELHI: A new study examining the country’s weather from 1971 to 2022 has revealed that southern India is drying the fastest, with the most persistent drought hotspots along the eastern coast.It also says that the northwest has emerged as India’s heat epicentre, with the strongest trends in daytime temperature, humid heat and heatwave severity.The…
Both the non-institutional investor and qualified institutional buyer categories were fully subscribed on the second day. NSE IPO subscription status: National Stock Exchange of India (NSE)’s initial public offering was fully subscribed on Friday, the second day of bidding, with non-institutional investors and qualified institutional buyers driving demand.The Rs 22,569-crore IPO has become India’s second-largest…
